posted August 23, 2004 23:06            

PS as you can all see I have nothing to gain from suggesting a buy at .0002 and a sell at .0003 at this time!

[This message has been edited by rickpic (edited August 23, 2004).]

posted August 24, 2004 08:07            

CORAL GABLES, Fla., Aug 24, 2004 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (PRRM) (Pink Sheets:PRRM) announces that it is funding a $200,000 Mortgage in Stowe, Vt. through its subsidiary, Tampa Bay Mortgage Solutions, Inc. Richard Astrom President said: "We are extremely enthusiastic about the Stowe/Burlington area and we are in discussions to open a Loan Production Office in Stowe/Burlington, Vt. There does not appear to be any competition in Stowe for our hard-money equity loan product and the real estate market is very strong due to the Stowe Mountain Ski Resort's $250,000,000 expansion." The mortgage placement will earn 18 percent interest for the company. Prime Rate typically lends thru its subsidiary, Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically, term is 1 to 2 years. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The specialty of the company is "hassle free hard equity loans."

A forward stock split (owners of 10 shares get 1 share extra) has been approved by the board of directors and will be effective September 1, 2004.

PRRM has retained Windsor Capital, located in New York City, to find a merger candidate in the Northeast U.S. Prime Rate is looking for a "hard money equity" mortgage lender in the Northeast that also lends with a maximum 70% loan to value.

The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation. The company has a web site: http://www.prrm.us

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.

SOURCE: Prime Rate Investors, Inc.

Prime Rate Investors, Inc., Coral Gables
Richard Astrom, 786-236-6434, Fax 305-666-3994 http://www.prrm.us
E-mail: nres74@hotmail.com

posted August 24, 2004 08:17            

When I said stronge buy at .0002 I ment it people!

Rick

posted August 24, 2004 09:42            

quote:

---

Originally posted by EDDIE138301:
Ricpic,

Where do you see this as a 3-4 month investment going? Maybe 0.01 in the next year? I have a lot of shares and thinking I will just lay off watching everyday and look for a long term.

---

I see great long term and short term potential here. The profit margin in Hard Money Motgages is huge and if Astrom keeps growing his base of operations, the revenue will continue to grow with it! 18% interest and 4-7 points at closing, plus early out penalties is all a win/win! Not hard to see a profit from .0002 investment here!

posted August 24, 2004 10:30            

I am in comunication with a DC Hard Money broker who says that they are making an attempt to form a relationship with PRRM, because they have loan request in the Florida area that they can not handle at this time and would like to pass on the leads to PRRM. As I said its just a rumor, but could be a good one!

posted August 24, 2004 11:23            

1.5 billion as of the close yesterday!
The Dependiture is still not done, but it apears as thought it is close to completion! A PR will be issued upon completion per my request!

" Anyone who buys this stock at .0002 will see a profit within 1 month"

Once again he took the time to answer every question, and did not evade any question I asked! The biggest question being " will there be a R/S any time in the near future" answer " No absolutly not, there will be no R/S anytime in the forseable future"

posted August 24, 2004 12:22            

quote:

---

Originally posted by rickpic:
I see a major PR coming within the next 2 weeks! Call it a very stronge feeling! Remember the PR about the company being hired to do an aquisition in the NE area! Vermont is in the NE area!

Rick

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posted August 24, 2004 13:44            

Question: I see all bids are .0001 now. Can I get filled at that price? There is one MM on ask at .0002 and then 9 @ .0003

Also - IF I buy - either at .0001 or maybe .0002 - Can I SELL it if I want to...or will it be a situation like CMKM or the old GTWY were most of the time; you could Buy - but Never Sell?? I don't want to be tied up in a pink too long.

posted August 25, 2004 08:33            

Rick

PS OUR CEO waisted no time at all talking to this guy about new loan prospects, and I believe they will be sitting down together real soon!

posted August 25, 2004 16:37            

quote:

---

Originally posted by rivercity:
ric what is the last day to buy to be eligible for 10/1 split... would this be sept.1st.. thanks rivercity

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posted August 25, 2004 16:46            

Thanks,
Steve

posted August 25, 2004 19:11            

Good Luck
Rick

posted August 25, 2004 19:43            

quote:

---

Originally posted by Love the Market:
Rick - Can you please post the Direct link to the RB thread? If you try typing it in normally over there - it goes to a Lycos Quote page like CDVJ and others do.

Thanks,
Steve

---

if you have any boards save from RB just type in PRRM in the box at the top of your saved board there, sorry but I wont post the link here!

posted August 25, 2004 21:05            

It doesn't work for me that way. No big deal. I have 3 RB threads saved, and when I type PRRM in that box at the top - I get Lycos' Quote.com

Not the end of the world though. I've known you a year next week and trust your judgement! Too bad we can't trust the Red Sox, although them and the Marlins down here are back in Wild Card hunt.

posted August 25, 2004 21:31            

quote:

---

Originally posted by Love the Market:
Thanks for responding so quick Rick!

It doesn't work for me that way. No big deal. I have 3 RB threads saved, and when I type PRRM in that box at the top - I get Lycos' Quote.com

Not the end of the world though. I've known you a year next week and trust your judgement! Too bad we can't trust the Red Sox, although them and the Marlins down here are back in Wild Card hunt.

---

Even the Patriots sucked up some turf last weekend! Thats My team! Thanks for understanding about the link!

posted August 26, 2004 10:00            

quote:

---

Originally posted by rickpic:
David from Quaker State Mortgage Corp./ Quaker Capital Corp. a private Direct Lender of Hard Money Mortgages is putting together several packages of $100k to $300K Hard Money loan request, that his company recieved from individuals and buisnesses in Florida, and sending them to PRRM (Richard Astrom) in hopes of forming a relationship between the 2 companies and also because these loans are smaller than Quaker State usualy handles. This could mean pretty good news for us!
In another note , while David was on R.A. yesterday, R.A. had called him back from a site that he was doing an inspection on, which could mean another closing is coming real soon! Site inspections are usualy done after terms have been agree to by the lender and the mortgagee!
The split is getting closer here. Only 4 days of trading left to grab those 10% free shares and this company is in fast forward as far as, moving forward with the closings and even the LOI that I now believe will be of a Vermont Broker.

Good Luck
Rick

PS you can thank me for my quick call to R.A. about this possible relationship with Quaker later!

---

posted September 05, 2004 23:09              

PRIME RATE INVES (Other OTC:PRRM.PK) Quote data by Reuters

Last Trade: 0.0001
Trade Time: Sep 3
Change: 0.0001 (50.00%)
Prev Close: 0.0002
Open: 0.0003
Bid: N/A
Ask: N/A
1y Target Est: N/A

Day's Range: 0.0001 - 0.0003
52wk Range: N/A - N/A
Volume: 70,071,320
Avg Vol (3m): 0
Market Cap: 0
P/E (ttm): 0.00
EPS (ttm): N/A
Div & Yield: N/A (N/A)


Prime Rate Investors Inc -PRRM- Hurricane Disaster Loan Program Initiated
Friday September 3, 8:22 am ET
Forward Split - Stock Certificate Mailing Being Processed

CORAL GABLES, Fla.--(BUSINESS WIRE)--Sept. 3, 2004--Prime Rate Investors, Inc. (Pink Sheets:PRRM - News) announces that it has initiated a Hurricane disaster loan-mortgage program for business owners whose businesses will be interrupted by Hurricane Frances. Hurricae Frances is expected to be the largest hurricane to ever hit the State of Florida. Tampa Bay Mortgage Solutions Inc, a wholly owned subsidiary of Prime Rate, is based in Tampa, Florida. After the storm passes the company will look for businesses and companies that need quick, "Hassle free equity loans". Richard Astrom, President of Prime Rate said: "The plan is to give financing to bridge the gap between the disaster and the insurance funding, or to fund the underinsured business." Applications are being processed by fax at 305 666 3994.
Recently the company has: funded the Royal Arkansas Hotel and Suites; retained Windsor Capital, located in New York City, to find a merger candidate in the Northeast U.S.; funded a $200,000 Mortgage in Stowe, Vt.; The company is in discussions to acquire a mortgage company in the the Stowe-Burlington, Vt area.

A forward stock split (owners of 10 shares get 1 share extra) has been approved by the board of directors and was effective September 1, 2004 and the stock issuances are being processed by the transfer agent.

Prime Rate typically lends thru its subsidiary Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The specialty of the company is "hassle free hard equity loans".

The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation The company has a web site http://www.prrm.us

------------------------

Prime Rate Investors Inc -PRRM- Sept 1, 2004 Effective Date, Shareholders of Record to Receive 1 Share Extra for Each 10 Shares Owned
Tuesday August 31, 8:00 am ET

CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 31, 2004--Prime Rate Investors, Inc. (Pink Sheets: PRRM - News) announces that a forward stock split (owners of 10 shares get 1 share extra) has been approved by the board of directors and will be effective to owners of record on September 1, 2004.
Prime Rate Investors, Inc. owns Tampa Bay Mortgage Solutions, Inc. Prime Rate typically lends thru its subsidiary Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The specialty of the company is "hassle free hard equity loans".

The company has funded the Royal Arkansas Hotel and Suites and has been paid closing costs. Mortgage interest rate is 18%.

Last week the company funded a $200,000 Mortgage in Stowe, Vt. thru it's subsidiary Tampa Bay Mortgage Solutions, Inc. with an interest rate of 18%. The company is in discussions to acquire a mortgage company in the the Stowe-Burlington, Vt area.

PRRM has also retained Windsor Capital, located in New York City, to find a merger candidate in the Northeast U.S. Prime Rate is looking for a "hard money equity " mortgage lender in the Northeast that also lends with a maximum 70% loan to value.

The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation The company has a web site http://www.prrm.us

--------------------------------

Prime Rate Investors Inc. Forward Split Set for Sept. 1, 2004
Monday August 30, 8:01 am ET
Has Funded Hotel Acquisition, Retained Windsor Capital for Merger
Has Funded Stowe Vermont $200K Mortgage; Owns Tampa Bay Mortgage Solutions Inc

CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 30, 2004-- Prime Rate Investors, Inc. (Pink Sheets:PRRM - News) announces that it has funded the Royal Arkansas Hotel and Suites and has been paid closing costs. Mortgage interest rate is 18%.
PRRM has also retained Windsor Capital, located in New York City, to find a merger candidate in the Northeast U.S. Prime Rate is looking for a "hard money equity" mortgage lender in the Northeast that also lends with a maximum 70% loan to value.

A forward stock split (owners of 10 shares get 1 share extra) has been approved by the board of directors and will be effective September 1, 2004.

Last week the company funded a $200,000 Mortgage in Stowe, Vt., through its subsidiary Tampa Bay Mortgage Solutions, Inc. with an interest rate of 18%. The company is in discussions to acquire a mortgage company in the Stowe-Burlington, Vt., area.

Prime Rate typically lends through its subsidiary Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The specialty of the company is "hassle free hard equity loans."

The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation The company has a Web site: http://www.prrm.us.

----------------------------------

Prime Rate Investors Inc. $200,000 Mortgage Placement Stowe/Burlington, VT, Forward Split Set For Sept. 1, 2004
Tuesday August 24, 8:00 am ET

CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 24, 2004--Prime Rate Investors, Inc. (PRRM) (Pink Sheets:PRRM - News) announces that it is funding a $200,000 Mortgage in Stowe, Vt. through its subsidiary, Tampa Bay Mortgage Solutions, Inc. Richard Astrom President said: "We are extremely enthusiastic about the Stowe/Burlington area and we are in discussions to open a Loan Production Office in Stowe/Burlington, Vt. There does not appear to be any competition in Stowe for our hard-money equity loan product and the real estate market is very strong due to the Stowe Mountain Ski Resort's $250,000,000 expansion." The mortgage placement will earn 18 percent interest for the company. Prime Rate typically lends thru its subsidiary, Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically, term is 1 to 2 years. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The specialty of the company is "hassle free hard equity loans."
A forward stock split (owners of 10 shares get 1 share extra) has been approved by the board of directors and will be effective September 1, 2004.

PRRM has retained Windsor Capital, located in New York City, to find a merger candidate in the Northeast U.S. Prime Rate is looking for a "hard money equity" mortgage lender in the Northeast that also lends with a maximum 70% loan to value.

The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation. The company has a web site: http://www.prrm.us

-----------------------------------

Prime Rate Investors Inc., PRRM: Funding Hotel Acquisition
Tuesday August 17, 8:01 am ET
Retained Windsor Capital for Merger
Forward Split Set for Sept. 1, 2004
Owns Tampa Bay Mortgage Solutions Inc.

CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 17, 2004--Prime Rate Investors, Inc. (Pink Sheets:PRRM - News) announces that it is funding the Royal Arkansas Hotel and Suites and has been paid closing costs.
PRRM has also retained Windsor Capital, located in New York City, to find a merger candidate in the Northeast U.S. Prime Rate is looking for a "hard money equity" mortgage lender in the Northeast that also lends with a maximum 70% loan to value.

A forward stock split (owners of 10 shares get 1 share extra) has been approved by the board of directors and will be effective September 1, 2004.

Prime Rate typically lends through its subsidiary Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. A typical term is 1 to 2 years. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The specialty of the company is "hassle free hard equity loans."

The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation. The company has a web site http://www.prrm.us.

----------------------------------------

Prime Rate Investors Inc. Has Been Paid Closing Points and Has Received Final Funding Request for Hotel, Forward Split Set for September 1st
Monday August 9, 8:01 am ET

CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 9, 2004--Prime Rate Investors, Inc. (Pink Sheets:PRRM - News) announces that the company has received final funding request for closing from Royal Arkansas Hotel and Suites and has paid Prime Rate Investors its fees for funding. Closing is set for August 27. The mortgage loan is a draw on the $2,000,000 credit line and is at 18% interest. Richard Astrom, President of Prime Rate Investors, said, "We are excited to make the loan as we consider it to be a prudent and profitable investment." The hotel consists of 200 units and it attached to the Pine Bluff, Arkansas Convention Center. The hotel and Convention Center are across the street from the City of Pine Bluff City Hall. The convention center is owned and operated by the City of Pine Bluff Arkansas. Bob Purvis, director of the Convention Center, said, "We are excited to have new ownership in the hotel as they are experienced hotel operators, and they are bringing new and fresh ideas to the hotel and Convention Center." Prime Rate typically lends through its subsidiary Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years.
Board of Directors has approved a resolution for the forward split of the common stock of the Company by unanimous written consent of the Board of Directors whereby every holder of 10 shares of common stock shall be entitled to an additional one share of capital stock. The effective date of this forward split shall be September 1, 2004. The shares will be mailed directly to the owners of record by Signature Stock Transfer Inc. approximately one week after the September 1st effective date.

The company owns Tampa Bay Mortgage Services, Inc. in Tampa, Florida, which is a direct lender specializing in short term asset based lending. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation. The specialty of the company is "hassle free hard equity loans." The company has a web site: http://www.prrm.us.

-------------------------------

Prime Rate Investors Inc. Announces Hiring of Mergers & Acquisitions Firm to Seek NE Regional Mortgage Company for Acquisition
Monday August 2, 8:02 am ET

CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 2, 2004--Prime Rate Investors, Inc. (Pink Sheets:PRRM - News) announces that the company has retained Windsor Capital of 82 Wall Street, Suite 1107, New York, N.Y. to search for a prominent, regional "hard equity" mortgage company located in the Northeast section of the US. Windsor Capital is a merger and acquisition firm specializing in financial services companies in the Northeast. "The company realizes that the time is perfect for growth and expansion in our market as interest rates are rising, which makes our rates more affordable to our borrowers," said Richard Astrom, President of PRRM. Prime Rate lends through its subsidiary Tampa Bay Mortgage Solutions, Inc. lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years.
Board of Directors has approved a resolution for the forward split of the common stock of the Company by unanimous written consent of the Board of Directors whereby every holder of 10 shares of common stock shall be entitled to an additional one share of capital stock. The effective date of this forward split shall be September 1, 2004. The shares will be mailed directly to the owners of record by Signature Stock Transfer Inc. approximately one week after the September 1st effective date.

The company owns Tampa Bay Mortgage Services, Inc. in Tampa, Florida which is a direct lender specializing in short term asset based lending. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation. The specialty of the company is "hassle free hard equity loans". The company has a web site: http://www.prrm.us

-----------------------------------

Prime Rate Investors Inc-Tampa Bay Mortgage Services, Inc. Announces Placement of an Additional $1,000,000 to Revolving Line of Credit
Wednesday July 7, 8:01 am ET

ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 7, 2004--Tampa Bay Mortgage Services, Inc, a wholly owned subsidiary of Prime Rate Investors, Inc. (Pink Sheets:PRRM - News) announces that it has increased the line of credit and has provided an additional $1,000,000 to the credit facility of National Hospitality Group, Inc. (Pink Sheets:NHGP - News), now consisting of a $2 million two-year revolving line of credit. The facility will be used for ongoing working capital and expansion. "We are very pleased that Prime Rate Investors Inc. has been impressed with our growth plan and seen fit to extend the line of credit," said National Hospitality Group's President and CEO Edward W. Hayter.
The company also announces that it has a new web site address: http://www.prrm.us.

The company is a direct lender specializing in short term asset based lending. The company specialty is acquisition financing, construction loans, and lines of credit for builders. The mission of the company is to build a diverse portfolio of debt and equity instruments that will provide the shareholders with both current income and capital appreciation. The specialty of the company is "hassle free hard equity loans." The company has a web site http://www.prrm.us

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http://stockcharts.com/def/servlet/SC.web?c=prrm,uu[m,a]daclyyay[pb50!b20][vc60][iUb14!La12,26,9]&pref=G

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You Must Adapt To Your Opportunities And Weaknesses. You Can Use A Variety Of Approaches And Still Have A Consistant Result. - Sun Tzu, "The Art Of War"

Do Da Due.....But Be Damn Quick About It. - Dardadog, "Da Art Of Daytrading"

posted September 06, 2004 20:40            

Thanks
Rick

posted September 06, 2004 21:06            

2 billion O/S and 7+ billion traded over 1 1/2 months, who do the MMs and brokers think they are fooling here!

If you have a margin account your certs are sellable at any time and forward them later and if you don't its just a matter of a bank stamp and an overnight envelope to get them back to market if you choose!