Hi all I have been reading all of your post for a while now and decided to get in the game. I have recently purchased some shares for PRRM. Why? After researching I thought it might be good for long term. However I would love to get all of your opinions on this. I also rushed on the purchase because the volume on this stock is always high. Should I sell or hold on this?
Thanks Wicked.
Posted by Doctoall on :
quote:Originally posted by Wicked: Hi all I have been reading all of your post for a while now and decided to get in the game. I have recently purchased some shares for PRRM. Why? After researching I thought it might be good for long term. However I would love to get all of your opinions on this. I also rushed on the purchase because the volume on this stock is always high. Should I sell or hold on this?
Thanks Wicked.
I just got rid of mine this week, had been holding this for over a year with no move in the PPS, so took a loss on the brokers fees and walked away. Good Luck with your investment.
Posted by jake_the_snake on :
Cut your losses now!!!!
Posted by derek111c on :
Actually, I know this stock has done very little for such a long period of time, but I would recommend keeping an eye on it.
From what I am hearing the bid is building up.
We are starting to see more .0002 trades
Many seem to expect Dan to release some significant info soon.(know we have heard this for quite a while)
If you are holding I would recommend giving it a little more time or at least hold on to a few shares. You don't want to be kicking yourself.
Posted by justplayin on :
If you don't have alot invested in this, it may be worth it to hold for giggles. But, don't invest alot.
Some like to hold long in many stocks, some don't. There are a slew of pinkies that have very little movement with high volume like QBID, PRRM, ICAN, and such. Sometimes, they see a pop. When they pop, don't get greedy, SELL! They usuall fall back near the original pps.
JMHO and GLTA
Posted by Upside on :
Good advice justplayin.
Posted by Ric on :
They have reported a wooping 71 billion O/S. A smart investor will take a lose in a dilution king like this and invest in something that may have a chance on a return. I really find it hard to believe anyone would think with this o/s and float that it will ever break what it did today. As I said before there are good companies with bad stocks and this stock is real bad.
Posted by Bigrod40 on :
I cannot believe I get home from work and find out this PR was released 2 minutes before the bell and no one has posted it yet.
Great news for PRRM, now lets close the LOI on Skiershop and say goodbye to the .000s.
Looks like the place they bought was a real estate office, as well as the Mountain Sports and Bike Shop. Check out the address of Vermont Country Properties - Sotheby's
here is an update about the Comcast Deal...this is VERY good news, and NO it is NOT from Dan it is from the Comcast side of the deal... By: clockwatcher10 19 Jul 2005, 05:24 PM EDT Msg. 41831 of 41835 Jump to msg. # I just called Comcast. I have some good news.
As promised, no spin!
I just contacted a Mike Trueblood at 970-949-1224, ext 123 at Comcast in Steamboat Colorado.
I asked him about the LOI between Comcast and PRRM.
As expected he couldn't divluge the details of the LOI, but he did confirm that the LOI does exist and that Comcast and PRRM are still in discussions.
That's an answer to one of my questions.
Posted by ACKCANE on :
I'm in commercial real estate . . . I just got an LOI from a guy who has a credit rating of 502 and he is looking to rent 4400sf for $26psf plus NNN of $3.45psf . . . I'm not holding my breathe on that one either.
Posted by Bigrod40 on :
FROM::RB, believe or not:
Dan returned my phone call. Here's my post.
Dang, this post will rival anything the MountainMan has put out…in length that is.
We talked for about 40 minutes. I’ll start off by saying what everyone else has said: He talks fast and tosses information at you as if he were firing it from a machine gun. At times we were both talking at the same time. He was firing off law firm names, Accounting firm names, names of the lawyers, names involved in Skiershop, accountant names, etc. It’s safe to say my head is swimming. I couldn’t write fast enough to keep up.
Enough of that. Lets get to the reason you’re reading this post. What follows is a list of my questions and how Dan responded. I warn you, there’ll be material for pumpers and bashers….read at your own risk! LOL.
1) COMCAST LOI: He expects this to close soon. (No definition of soon, he doesn’t want to fall into the same hot water he’s in with Skiershop. More on that later) He’s looking to secure channel 17, 18, or 19. He said the programming comes from RSN (Resort Sports Network) and will broadcast 24/7 on cable. Dan sees the benefit to PRRM in the areas of Marketing/Advertising, as it relates to all the companies in the PRRM “roll-up”; i.e. N’East magazine, Stockli, Skiershop, and other future entities they wish to market. Dan defined it as a “back-door entrance” opportunity for the Advertising and Marketing team.
2) N’EAST MAGAZINE: Dan knows the issue is delayed. He says the issue is two weeks behind schedule and may be shipping now or very soon, but it will ship. No reason given for the delay. Concerning the website being down, Dan said it may have to do with the transition of the company. He said there is a lot going on in the company and the web site may be part of the changes. He said he’d look into it. At that point the conversation took an unexpected turn concerning N’East Magazine. I got the impression that N’East Magazine is a type of afterthought. An experiment. It appears to be another “back-door” Marketing/Advertising opportunity that presented itself, should the magazine become successful. To hear Dan describe it, the magazine owner was struggling and Dan saw an opportunity for marketing the PRRM entities in the Magazine. He gave me the impression that if N’East didn’t work out he’d not loose sleep over it. I doubt that revenues to PRRM are as much a concern as the marketing /advertising opportunities.
3) NAME AND SYMBOL CHANGE: Dan stated these items are wrapped up in several events that are happening all at once. He claimed that recently two significant opportunities presented themselves, relating to Phase II, causing him to delay the name and symbol PR’s. Whatever the “opportunities” are it appears they are the type of opportunities that have to be acted on quickly. It was at this point in the conversation I thought he was telling me, in so many words, that he was building up to a string of PR’s for the future. Part of this “string” would include the name and symbol change. I expressed m my thoughts. Dan was quick to tell me that certain things he has to PR right away, indicating that a string of PR’s is not likely. The name and symbol change are the type that can be PR’d later, one would presume, at a more strategic time. He stated the property purchase as an example of a, “got to PR it now” kind of PR. The name has been chosen. He wouldn’t go into the specifics of the symbol change.
4) SKIERSHOP: Dan acknowledged his frustration over the delays in closing Skiershop. He summed up the delay with the following:
- 5 Different attorney’s involved. - Several financial institutions involved. - Unexpected Phase II opportunities, listed in #3 above, required immediate attention, putting Skiershop on the back burner, so to speak. Rhetorically he asked, “Should we have let these opportunities go by to focus completely on Skiershop or should we look into them right now and delay Skiershop.” - Property purchase. (This part is interesting. Dan stated the reason for the purchase was to “take a partner out.” I’m assuming the partner was throwing a monkey wrench into the works and added to the delay.) - 4th of July weekend - Required property/building appraisal for the purchase of said property.
Referring to my statement in #1, the reason Dan will not define “soon” is his inability to predict circumstances that can cause delay, resulting in investor anger. The Skiershop delay is an excellent example.
He says that Skiershop will close. His statement was, “Either you believe in what we are doing or you don’t.” I took it to mean that if I can’t handle the wait, then perhaps I shouldn’t be in PRRM. Fair enough.
At this point in the conversation I mentioned to Dan that there are some who post on the message boards, claiming they have talked with Dan and that Dan has stated Skiershop would close “soon.” To avoid confusion it would help to put information in a PR rather than to a few select investors. Many of us can’t make informed decisions except to call the CEO and hope he gives us honest information. He acknowledged frustration about how misinformation might occur on a pink sheet stock. Several times he admitted he could PR certain bits of information but purposely choose not to for his own reasons. He gave the number of his restricted shares as an example, or when certain restricted shares are eligible to be cashed in (OCT, 2006)
5) FINANCIALS: There’s something you’re about to read that many of you are not going to like but I’ll get to that in a moment.
Dan says he’s still planning on financials. He would not go into details, but referred to the financials he’ll release as a “compilation.” He did not use the term unaudited or audited. He did list the name of the accounting firm and the accountant who would be handling it.
He added one thing I’ve not heard before. He said he was planning/considering (I don’t recall which) releasing an annual report in Jan/Feb of 2006.
Now the part many of you are not going to like. Dan outlined circumstances where he would consider a reverse split. In each instance the decision to R/S wrould revolve around a requirement for a specific PPS level in order to accomplish a specific objective. What follows are the examples he gave:
- In the instance where a debt had to be dealt with, requiring a certain price on the PPS to generate the needed cash. - Financing an acquisition might require a R/S. - Elevating PRRM to the OTCBB might require a certain price on the stock that may require a R/S to obtain that price.
So, while a R/S may not happen upon the name and symbol change, as outlined in the PR(s,)a R/S is a real possibility when it comes to growing the company in the absence of cash on hand.
SIDE NOTE: The reader decide the significance of this information on their own.
6) THOUGHTS ON ASCENDING TO THE OTCBB: Perhaps after reading #5 you may not be so keen for this to happen! I got the impression from Dan that ascending to the OTCBB is in the back of his mind but other issues place this project near the bottom of the list.
7) STRATEGIES ON REDUCING THE OS: I invited Dan to discuss any strategies toward reducing the OS. His reply was that he buys PRRM stock and the stock is restricted. He reminded me that he owns most of the restricted. No other strategies were presented by Dan.
8) PR OF REDUCTION IN THE AUTH. SHARES TO 80 BILLION. He told me he will file the necessary paperwork, just not right now. Dan did not provide me with an explanation. Apparently that’s all I needed to know.
9) PURCHASE OF THE ASTROM SHELL: Dan mentioned there were two outstanding convertibles involved with Astrom’s shell. When I asked Dan to quantify the cost of the shell. He said there was one “large share holder.” He then gave me a couple of figures. $150,000 and $600,000. This may have been the cost associated with the convertables. I don't think he was giving me a range of the cost of the shell. This part of the conversation was difficult on Dan's side. Dan was reluctant to tell me the total cost of the shell. I have no reason to believe that you can take the total of the two figures above as representing the total cost. Dan did say that the Annual Report would include all the information on the purchase of the Astrom shell.
I have to inject a personal observation on this part of the conversation. Discussing Astrom's shell clearly made Dan cautious and his reply constrained. It’s my opinion that he is sensitive about the issue and also sensitive about what he felt he should/could disclose. The part about the large share holder was said cautiously and without elaboration. I have no more information to give you on this one.
Dan finished by saying that he learned a lot about the purchase of the shell. It sounded like the learning was all after the fact. He knew there were alternatives, but he decided on Astrom’s shell. He mentioned something about the 3,000 shareholders in the shell as being appealing, at the time of selecting the shell.
10) NSS ISSUES: I invited Dan to comment on any findings. He said his findings (he named the person who looked into it, a name that was meaningless to me) indicated a minimal NSS position that happened during a specific period in the past. He mentioned JEFF specifically as the suspect. He thought the NSS short position was in the $5,000 - $20,000 range at the time. He does not think we have a large, if any, NSS short position at this time.
Minimal worry about this issue, from Dan’s perspective.
11) MISC. COMMENTS:
- Won’t PR just because shareholders are angry with him.
- Does not hold back on PR’s where he has to issue the PR right away. There are certain things he must PR ASAP. There are only a few things where he can hold back information on.
- Talked about the guitar issue. He marginalized its importance. Said the story generated “hundreds” of calls and that all parties have apologized and on good terms. He cited this as an example of his frustration with the message boards. Dan brought up the example on his own.
- All restricted stock acquisitions, made to date, are in the .0002 – 0005 range.
- Restricted stock restricted until October. 2006. Dan owns most of the restricted stock, when one totals the "acquisition" restricted stock and Dan’s restricted stock.
- Dan said that PRRM is "now a 4 million dollar company." Wants to double that. Thinks that Phase II will easily do that.
- Dan stated gross revenues with Stockli at $1,000,000.
- He claims to not take an interest in reading RB/other message boards anymore. He called it a soap opera. Can’t stand the lies he read in some posts.
- Sometimes when you call up and leave your name, Dan said he consults the “Noble” list (I had to write that phonetically. I’ve never heard of it so I don’t know if I wrote it down correctly) to see your position in PRRM. That explains to me how he knew that Illuminati is a large shareholder and how Dan knew to contact Illuminati for an invite to Stowe. So, don’t try to snow Dan (no pun intended) when you call. He’ll know the truth.
That’s it for now. My apologies to Dan if I missed anything.
Posted by WinsumLosesum on :
Prime Rate Investors, Inc. in Discussions to Establish RSN Affiliate TV Station in New York Business Wire - July 21, 2005 13:22
HUNTER, N.Y., Jul 21, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced its subsidiary High Angle Media is in discussions with Time Warner Cable, a division of Time Warner (NYSE: TWX), to establish an RSN affiliate cable broadcast station in Hunter, NY, in the Northern Catskill mountains. Greene County, NY is the home of Windham Mountain and Hunter Mountain, the region's premier ski resorts. The area is also famous for its waterfalls, views and vistas and was the focus of early literary figures and the artists of the famed Hudson River School of Painters. Steeped in history, the Catskills today offer ample opportunities for outdoor sports including rock climbing, mountain biking, fishing, camping, Nordic and alpine skiing and snowboarding. "The Catskill region of New York offers a tremendous opportunity for us to extend the RSN brand and our model of affiliate operations," said Prime Rate Investors Director Pierce Williams.
An article appeared today in The Daily Mail (www.thedailymail.net) delineating the area's support of the plan to establish the station. While other northeastern states have many RSN affiliates, New York has only one other - Adirondack TV-33 in Lake Placid, NY, "the Winter Sports Capitol of the World." Adirondack TV-33, or ADK TV-33, is also a subsidiary of Prime Rate Investors, Inc.
Prime Rate Investors (OTC.PK: PRRM) is a multi-media holding company with interests in outdoor sports, e-tail, retail, print, web, television and film. The company's strategic relationships with multi-faceted, outdoor sports entities allow it to offer diverse advertising solutions to businesses seeking multi-media exposure. Its wholly owned subsidiaries include Stowe TV-10, and Adirondack TV-33, RSN affiliated cable broadcast companies and High Angle Media, Inc., a video production company that also manages two other RSN affiliates Sugarbush TV-12 and Smuggs TV-9. The Company's wholly owned subsidiary BCTV produces the outdoor adventure series "Backcountry TV." Prime Rate Investors also owns the majority interest of Stockli Ski USA, the exclusive U.S. distributor of Stockli skis, bikes and sportswear.
Prime Rate Investors, Inc. Announces Location of Steamboat, Colorado TV Station Business Wire - July 22, 2005 13:56
STEAMBOAT SPRINGS, Colo., Jul 22, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced it has leased office and studio space located at 825 Oak Street in Steamboat Springs, Colorado, where the company is establishing an RSN affiliate broadcast TV station. The company has slated a September 1st launch date.
Steamboat is known as "Ski Town, USA" and is home to Colorado's oldest ski hill. Coined "the Switzerland of America" by President Theodore Roosevelt, Colorado accounts for twenty percent of all U.S. skier days, boasting seven of the nation's ten most visited ski resorts.
"The RSN brand is very strong in Colorado and we are thrilled with our location in Steamboat. It has great potential to be one of our most profitable assets," said Prime Rate Investors Director Pierce Williams. The company also announced yesterday that it is in discussions to establish an RSN affiliate station in Hunter, NY.
Prime Rate Investors (OTC.PK: PRRM) is a multi-media holding company with interests in outdoor sports, e-tail, retail, print, web, television and film. The company's strategic relationships with multi-faceted, outdoor sports entities allow it to offer diverse advertising solutions to businesses seeking multi-media exposure. Its wholly owned subsidiaries include: Stowe TV-10, and Adirondack TV-33, RSN affiliated cable broadcast companies; High Angle Media, Inc., a video production company that also manages RSN Sugarbush TV-12 and RSN Smuggs TV-9; and BCTV, the outdoor adventure series "Backcountry TV." The Company also owns the majority interest of N'east Magazine, an outdoor lifestyle publication, and Stockli Ski USA, the exclusive U.S. distributor of Stockli skis and bikes.
thanks-jmho-PRRM will be the next big one like QBID-legit company here-jmo
Posted by eddy on :
From the ceo concerning press today-here is the e-mail- - Bob: no, it was the lease on the physical location. We will PR Comcast when we get the definitive agreements back.
~Dan.
-----Original Message----- From: Sent: Friday, July 22, 2005 5:04 PM To: Dan Burgess Subject: the press.
Dan, was today's press the comcast deal? thanks
Posted by eddy on :
PRRM-To date: 1-Started with Stowe TV-10- http://www.stowetv10.com/ adktv-33- http://www.adktv33.com/ highanglemedia- http://www.highanglemedia.com/ sugarbushtv-12- http://www.sugarbushtv12.com/ smuggstv-9 Backcountry TV Stockli- http://www.stockli.com/ Doing a major film in 2006 with Miramax Films -The magic Snowman with Roger Moore. LOI with Skiershop that should close the deal soon- http://www.skiershop.com/catalog/index.php High Angle Media, Inc., a video production company, has been contracted to film for Nickelodeon's Game and Sports channel - http://www.nick.com/all_nick/gas/index.jhtml Confirms No Reverse Split-In 2 different press releases. Sikorsky Helicopter is a client. In the progress of a name change to better suit the company. bought the magazine- www.neastmagazine.com in Discussion to Launch Colorado Based TV Stations with Comcast Sales Agreement with National Hotel Television Network (NHN) is a leading television network with more than 500 hotels and over 140,000 hotel rooms throughout the U.S. Its premium hotel destinations include, among others, Ritz-Carlton, Four Seasons, Hilton, Marriott, Hyatt and Sheraton. In the process of reducing the nuber of Authorized shares. In the process of closing an LOI for Skiershop, and Skiershop Mountain Sports announced it completed the real estate purchase of 580 Mountain Road, Stowe, VT for the purchase price of $760,000.00. Stowe TV-10 is expanding and moving its facilities. The new offices will be located at 1799 Mountain Road in Stowe. "We have outgrown our current location," said PRRM Director and Stowe TV-10 Station Manager Pierce Williams. "The new location offers improved facilities for our production staff, live show (Stowe Today) broadcasts, and more office space for administration," he concluded. In talks with Time Warner to start a tv. station in Neyw York-High Angle Media is in discussions with Time Warner Cable, a division of Time Warner (NYSE: TWX), to establish an RSN affiliate cable broadcast station in Hunter, NY, The company has leased office and studio space located at 825 Oak Street in Steamboat Springs, Colorado, where the company is establishing an RSN affiliate broadcast TV station. The company has slated a September 1st launch date.
These are just a few of the reasons that you might want to consider PRRM as a long term investment. And a very upfront management team that will actually talk to investors. jmho
Posted by eddy on :
now 3 mm's on the ask-there was 4 on the ask-radar for volume
Posted by eddy on :
Press Release Source: Prime Rate Investors, Inc.
Prime Rate Investors, Inc. Subsidiary to Establish Colorado TV Station Monday July 25, 12:24 pm ET
ASPEN, Colo.--(BUSINESS WIRE)--July 25, 2005--Prime Rate Investors, Inc. (OTC.PK: PRRM) announced its wholly owned subsidiary High Angle Media, Inc. has signed a letter of intent with Comcast Corporation (NASDAQ: CMCSA - News, CMCSK - News) to establish an RSN affiliate broadcast TV station in Aspen, Colorado. While Aspen is known as a playground of the rich, the city's location in the Rockies makes it a haven for all kinds of outdoor athletes, from world-class rock climbers and paddlers to famous mountaineers and cyclists. Colorado accounts for twenty percent of all U.S. skier days, boasting seven of the nation's ten most visited ski resorts. "The RSN brand is very strong in Colorado; per capita it has the most RSN affiliates of any state. The combination of this visibility, high visitor rate and attractive market place provide the ideal opportunity for the growth of Prime Rate Investors' network of affiliates," said Prime Rate Investors Director Pierce Williams.
Prime Rate Investors (OTC.PK: PRRM) is a multi-media holding company with interests in outdoor sports, e-tail, retail, print, web, television and film. The company's strategic relationships with multi-faceted, outdoor sports entities allow it to offer diverse advertising solutions to businesses seeking multi-media exposure. Its wholly owned subsidiaries include Stowe TV-10, and Adirondack TV-33, RSN affiliated cable broadcast companies and High Angle Media, Inc., a video production company that also manages two other RSN affiliates Sugarbush TV-12 and Smuggs TV-9. The Company's subsidiary, BCTV produces the outdoor adventure series "Backcountry TV." Prime Rate Investors also owns the majority interest of Stockli Ski USA, the exclusive U.S. distributor of Stockli skis, bikes and sportswear based in Denver, CO.
This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
-------------------------------------------------------------------------------- Contact: Prime Rate Investors, Inc. Dan Burgess, 802-253-0199
-------------------------------------------------------------------------------- Source: Prime Rate Investors, Inc.
Posted by eddy on :
radar real close-due to move soon-jmho
Posted by duediligence1 on :
Sounds to me your trying to convince new investors into this P&D. With 71 billion o/s and 33 billion float this can't move unless you can sucker 10's of thousands into it like CMKX did. Only for them to be holding the bag when it can't move but a digit or two. It is shameful that the company did this to its investors but it is just as shameful for investor to try an sucker more into it.
Heard this will move real soon since Dec. 2004. Quit trying to con people into this. 33 billion float can't move. It couldn't move at the 23 billion float in Dec. Now they added 25 billion to o/s and 10 billion to float in 8 months just shows how the new management cares about its investors.
quote:Originally posted by eddy: radar real close-due to move soon-jmho
Posted by eddy on :
yea, heard the same thing for over a year with QBID. it went from .0001 to almost .03-remember this is jmo
Posted by noah129 on :
eddy im not sure i was in qbid not that long but i dont think the float,o/s, a/s was near that high in qbid a couple of years ago when it ran from .0001 to .028 cents. i will state though that i hope one of the two companies i mentioned above do move cuz i got 8 mil on prrm and 8.8 0n qbid.
best of luck to all.
sincerely noah.
Posted by Ric on :
When QBID ran the o/s was 7.5 billion and float was 3.5 billion, big difference. Now after it ran they diluted 2 billion and then did a restricted to 6 billion. And guess what the PPS plummeted. But even at 15.5 billion and a 4.5 billion float that is nothing compared to this stock.
I have to agree that this stock can not move with the float and o/s it has. Supply and demand but more in this case is the perception that 71 billion will give to future shareholders. No real big time investor will touch this. Especially after the tremendous dilution that has happened over the last year.
Posted by stickfigurefred on :
Whats up with PRRM today?
Posted by KonaRide on :
...what do you mean?
Posted by stickfigurefred on :
im seein last bid at .00, you seein this?
Posted by KonaRide on :
...well it is a blank....off to the Grey's they go?
Posted by Ric on :
That means the bid is in the 5th digit and below the round up number which is .00005. So bid is at .00004 or below to show a no bid.
Posted by WinsumLosesum on :
Prime Rate Investors, Inc. Enters Agreement with Comcast Corporation for RSN Steamboat TV-18 Business Wire - August 02, 2005 11:10
AVON, Colo., Aug 02, 2005 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced Prime Rate Investors, Inc. (OTC.PK: PRRM) announced it has signed definitive agreements with Comcast Corporation (NASDAQ: CMCSA, CMCSK) to establish the RSN affiliate broadcast TV station Steamboat TV-18. Home to Colorado's oldest ski hill in continuous use, Steamboat is also known as "Ski Town, USA."
"The RSN brand is very strong in Colorado; per capita it has the most RSN affiliates of any state. The combination of this visibility, high visitor rate and attractive market place provide the ideal opportunity for the growth of Prime Rate Investors' network of affiliates," said Prime Rate Investors Director Pierce Williams. "Furthermore, we are excited to announce that will be working with Comcast to provide local programming to cable subscribers in Steamboat. Comcast will be a headline sponsor of the area's first ever live morning show in addition to other co-branded Steamboat TV-18 content," he concluded.
Prime Rate Investors (OTC.PK: PRRM) is a multi-media holding company with interests in outdoor sports, e-tail, retail, print, web, television and film. The company's strategic relationships with multi-faceted, outdoor sports entities allow it to offer diverse advertising solutions to businesses seeking multi-media exposure. Its wholly owned subsidiaries include Stowe TV-10, and Adirondack TV-33, RSN affiliated cable broadcast companies and High Angle Media, Inc., a video production company that also manages two other RSN affiliates Sugarbush TV-12 and Smuggs TV-9. The Company's wholly owned subsidiary BCTV produces the outdoor adventure series "Backcountry TV." Prime Rate Investors also owns the majority interest of Stockli Ski USA, the exclusive U.S. distributor of Stockli skis, bikes and sportswear.
Hi all, I am a rookie in this whole deal and was just wondering. A while back I bought 10000000 shares in PRRM. Is this thing ever going to move or did I just make a bad rookie move? Any advise would be helpful.
Thanks
Posted by eddy on :
not a newbie mistake-hold em- took Qbid 2 years to finally take off
Posted by Ric on :
Why do you keep comparing this to Qbid. There is no comparison. Qbid had 7.5 billion shares when it ran. Prrm has 71 billion. If Qbid had 71 billion shares it would be at .0001 too.
Beckstercj, it ashame that people are drawn into this. The company looks sound. But they financed this on the shareholders back to the point it will never be able to run. No matter what the hype or what they buy. And anyone that tells you different isn't being honest with you. This many shares scares investors and is massive. Also the new managements promise not to continue dilution wasn't true either. Since the new management the O/S increased more then 85%. The rookie move was listening to the hype of what a great company it was. You have to look at the share structure too. Oh well, good luck.
Posted by Beckstercj on :
Volume was up today, did I miss something or is PRRM just being PRRM?
Posted by justplayin on :
And we can prove QBID has 7.5 billion???
Sorry Ric, QBID is pink so they don't have to disclose their share structure. That is what is holding Q back. At least PRRM has disclosed their share structure and we know it will take a miracle to move.
Posted by Qman on :
I don't think you miss anything. By the way, I am new a member also.
Posted by Beckstercj on :
I'm not trying to compare QBID and PRRM but my question is, It seems like QBID cares what happens with the stock at least on the surface and PRRM seems to not care about what happens or at least it isn't as important to them. QBID is makeing a big effort to improve the standing of the stock and PRRM does nothing.
Just a thought!
Posted by justplayin on :
Beck, I hate to disagree with you, but I only see that Frank has control of over 50% of the stock. But how much stock is that? Is his salary tied to and given in stock??
Q has just as many unknowns as PRRM. There IS NOT the information to provide a real analysis. There is only speculation and formulas. But, I think "Q" has a bigger market to sell their goods. Other than that, I don't see a differnece.
I have been in and out of "Q" several times and have made great $ flipping it, so I am not bashing. But the fact still remains that there in not enough "public" information to actually invest in either company.
Each one is a lottery ticket, "Q" having the better odds.
GLTA
Posted by Ric on :
QBID released this information last Feb. 2004 thats how I now. Now I agree that after the run QBID probably dumped shares. But the 7.5 billion was a known number at the time. I actually think they have diluted since then. Thats part of the reason in plummeted. But I would have never used the 7.5 billion if it wasn't true and published.
quote:Originally posted by justplayin: And we can prove QBID has 7.5 billion???
Sorry Ric, QBID is pink so they don't have to disclose their share structure. That is what is holding Q back. At least PRRM has disclosed their share structure and we know it will take a miracle to move.
Posted by bill1352 on :
i have a feeling the 6 billion that was restricted on the loan was sold into the market for qbid. looks like frank bought a bunch too since he still holds 53% of the total.
Posted by justplayin on :
Ric, I have looked at the SEC filings and there has not been ONE filing to the SEC.
I also agree with you that they dumped shares. How many, who knows. But, with the average volume being 350M per day (X5 days = 1.5B). The pps hasn't moved enough to account for flippers, daytraders, and mm's.
Currently (today), "Q" looks alot like PRRM. Feb. '04 it did look different.
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Home >> Quotes & News >> SEC Filings >> QBID
QBID -- Triangle Multi-Media Limited, Inc. Com (No Par)
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Now tell me that ANYBODY but Frank knows the shares!
Posted by justplayin on :
quote:Originally posted by bill1352: i have a feeling the 6 billion that was restricted on the loan was sold into the market for qbid. looks like frank bought a bunch too since he still holds 53% of the total.
Bill, he could also be compensated by shares as part of his salary structure. It happens all the time with pinks.
Posted by Ric on :
By PR Newswire Last Update: 2/10/2004 7:01:00 AM Data provided by
PALM SPRINGS, Calif., Feb 10, 2004 /PRNewswire-FirstCall via COMTEX/ -- Triangle Multi-Media Limited, Inc. (QBID) President Frank Olsen announces it is currently developing the final details of a stock buy back program. The particulars will be announced over the next several weeks.
In a separate announcement TTN has established an internal deadline to uplink a 24/7 transmission of sample programming by May 1, 2004 for preview and redistribution by cable headends and DDS companies. We are negotiating with several satellite companies to meet this deadline. As part of the TTN launch marketing strategy, our preview feed will also be redistributed to theaters and hotel conference rooms for companies supported functions to allow potential subscriber availability.
Triangle Multimedia is currently in negotiation for a business combination with a television programming company, which has many years of experience and a seasoned television management and creative staff.
Triangle Multimedia Limited Inc. share info is 15B shares authorized with 7 1/2 B shares outstanding. The company estimates 6000 existing shareholders.
Triangle Multimedia Limited, Inc. believes its shareholders are part of the company and those shareholders wishing to contact the company are asked to call Monday through Thursday 7-8 AM PST and 2-3 PM PST at 760-323-4199
Safe Harbor Statement
As a cautionary note to investors, certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such matters involve risks and uncertainties that may cause actual results to differ materially, including the following: changes in economic conditions; general competitive factors; Triangle Multi-Media's ability to execute its business model and strategic plans; and the risks described from time to time in the company's Securities and Exchange Commission filings.
SOURCE Triangle Multimedia Limited, Inc.
Posted by justplayin on :
Back to PRRM. The company has way too many outstanding shares with little revenue and assets. It will go nowhere IMHO, maybe a little flipper once or twice in a lifetime.
Posted by Ric on :
I never said it was a SEC filing. It was a company PR. Of course they can lie in it but like MLON found out the SEC monitors that also just like a filing a company is not allowed to lie in a PR also. BUt then to someone can lie in a filing also.
Still doesn't matter PRRM with 71 billion share will never move.
Posted by justplayin on :
Ric, do you think Frank could authorize more shares because he has controlling interest in the company? Would it be in Franks best interest to tell all of us shareholders he did that? Alot changes in 1 1/2 years.
I would hope that he wouldn't, but the volumes suggest he did is all I am saying. I am not debating the fact that "Q" has a company and product, I just feel in that dark about share structure.
All "reporting" companies give the investor financials and shareholder equity as well as show how their financial base changes with each new development.
Posted by justplayin on :
Alas, we agree! PRRM doesn't have the financial structure to provide shareholders value IMO(and yours)due to the amount of outstanding shares.
Posted by Ric on :
I in no way am taking up for QBID, Its fun for the runs. They have plenty of problems. As far as I am concerned, everyone needs to stop buying these stocks that gag the TA in protest. I no longer hold any pinksheet long term period. And advise anyone that is to get out quick. But it seems we all have to learn the hard way how to invest in pinks. Pinks are good for one thing, runners. Period.
My statement never was intended to take up QBID no way no how, lol. Just the fact that someone was comparing there run last year to a stock with 71 billion shares.
Posted by Bigrod40 on :
From HSM.....
highangle Rookie Member
Posts: 276 Re: ***PRRM - News & DD Part III*** « Reply #977 on: Today at 6:31pm » Quote Modify
Dan just called me, I had sent hime some e-mails. just talked a couple minuites-The A/S will be updated to 80 billion on pinksheets. Skiershop is still being bought by PRRM, just taking a lot longer than expect-financials are still going to follow the Skiershop closing. The magazine was printed a few weeks back and should be in the hands of all the retailers by now. Name change is still coming soon, they have picked a name. He said he had been so busy it was hard to get some things done, he was going to try and get a shareholder update to the shareholders. He has been in several states recently-lol-cannot remember all the states-but heard for sure Colorado, California. It all sounds very positive, we just have to wait untill things are done. If I think of anything I forgot to say, I will post it.
Posted by Beckstercj on :
Thanks for replying Justplayin, it's cool to disagree thats what this is all about. Like I said I wasn't trying to compare the two, I was just writing what it look like to me on the surface. Please keep in mind I am a rookie in the stock market as well as this board, so I am learning as I go and if I say something stupid just consider the source.
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I cannot believe I get home from work and find out this PR was released 2 minutes before the bell and no one has posted it yet. ![[Roll Eyes]](rolleyes.gif)
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From IHUB