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Cant find no info on National Hospitality Group, Inc. Who the hell are they???? Cant find thier ticker anywhere?? Does anyone know what thier share value is??
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i checked google yahoo pinksheets, nothing nada,0. maybe bend over grab your ankles time!!!!!! but i do like the idea of getting 1 for 100, i just wish i knew of what......... crazy uhh!.... rivercity
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Don't know what this all means, but here's the history they have with each other:
ST. PETERSBURG, Fla., Jun 28, 2004 (BUSINESS WIRE) -- Tampa Bay Mortgage Services, Inc, a wholly owned subsidiary of Prime Rate Investors, Inc. (Pink Sheets: PRRM) announces that it provided a $1,000,000 credit facility to National Hospitality Group, Inc. (Pink Sheets: NHGP), consisting of a $1 million two-year revolving line of credit. The facility will be used for ongoing working capital and expansion. "We liked the flexibility and creativity of Tampa Bay Services Inc. and their experience in our industry made this transaction possible," said National Hospitality Group's President and CEO Edward W. Hayter. ___ ST. PETERSBURG, Fla., Jul 7, 2004 (BUSINESS WIRE) -- Tampa Bay Mortgage Services, Inc, a wholly owned subsidiary of Prime Rate Investors, Inc. (Pink Sheets:PRRM) 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), 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.
quote:Originally posted by Bigrod40: Cant find no info on National Hospitality Group, Inc. Who the hell are they???? Cant find thier ticker anywhere?? Does anyone know what thier share value is??
posted
Here's the complete PRs from Ameritrade news 1. National Hospitality Group Inc (OTHER OTC: NHGP) Last Update: 8:01:00 AM ET Jul 7, 2004
Prime Rate Investors Inc-Tampa Bay Mortgage Services, Inc. Announces Placement of an Additional $1,000,000 to Revolving Line of Credit
ST. PETERSBURG, Fla., Jul 7, 2004 (BUSINESS WIRE) -- Tampa Bay Mortgage Services, Inc, a wholly owned subsidiary of Prime Rate Investors, Inc. (Pink Sheets:PRRM) 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), 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
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.
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2. National Hospitality Group Inc (OTHER OTC: NHGP) Last Update: 8:02:00 AM ET Jun 28, 2004
Prime Rate Investors Inc. - Tampa Bay Mortgage Services, Inc. Announces Placement of $1,000,000 Revolving Line of Credit
ST. PETERSBURG, Fla., Jun 28, 2004 (BUSINESS WIRE) -- Tampa Bay Mortgage Services, Inc, a wholly owned subsidiary of Prime Rate Investors, Inc. (Pink Sheets: PRRM) announces that it provided a $1,000,000 credit facility to National Hospitality Group, Inc. (Pink Sheets: NHGP), consisting of a $1 million two-year revolving line of credit. The facility will be used for ongoing working capital and expansion. "We liked the flexibility and creativity of Tampa Bay Services Inc. and their experience in our industry made this transaction possible," 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
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.Richard Astrom, 786-236-6434; Fax: 305-666-3994E-mail: rsa@newscreenbroadcasting.comhttp://www.prrm.us
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Copyright (C) 2004 Business Wire. All rights reserved.
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National Hospitality Group Inc (NHGP.PK) On Dec 31: 0.00 0.00 (0.00%) Reuters MORE ON NHGP.PK Quotes Summary Real-Time Mkt/ECN Options Historical Prices Charts Basic Chart Technical Analysis News & Info Headlines Company Events Message Board Company Profile Key Statistics SEC Filings Competitors Industry Analyst Coverage Analyst Opinion Analyst Estimates Research Reports Star Analysts Ownership Major Holders Insider Transactions Insider Roster Financials Income Statement Balance Sheet Cash Flow
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Last Trade: 0.00 Trade Time: Dec 31 Change: 0.00 (0.00%) Prev Close: N/A Open: N/A Bid: N/A Ask: N/A 1y Target Est: N/A
posted
Hell i don't know whats good news or bad news anymore.sggm pays millions to cmkx for 5 percent and go to 38 cents the main company is at 0.0003.I don't have any just an example.: That's not particularly a bad thing, right? That's how some companies get started.
I wonder if NHGP bought Tampa Bay with the money that Tampa Bay loaned NHGP... now I have a headache.[/QUOTE]
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Well....here we go again with another crazy episode happening before our eyes.
Does anyone know any of the dealings of the new management and track records??
Are they proposing a merger into Qbid next?
Now I stayed outta Qbid only to find supporting this and then MLON is voyeurism supportive and we end up buying a TV station in support of gay rights??? If my next stock turns into supporting this lifestyle than that is it!!!! I am changing all my logos for my company and promoting it as a Homosexual friendly product and wait for the money to come to me!!!
I dont buy for a product anyways I just found it ironic and funny to me. No offence as I have been playing the bounces on this and diverting the profits elsewhere which I will find out soon enough if it was a good choice or bad one.
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The PR says date of record!! Does this mean we had to own them at close of Tuesday?? If this is right everyone who bought between Wed. and today dont get any shares of NHGP. Is this right??
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From what I read and have gathered from the other boards I believe it is correct that what you had on close is what they calculate by for the dividend. So if you sold all out on Tuesday like most did when everyone selling at .0002 sold at then you got the hold onto your ankle rollercoaster ride. Thats only from what I understood and I am by no means anyone to take anything from concerning advice. I am new and only learning from watching and asking a million and one dumb questions. make that million two hundred thousand as of Tuesday and holding. Not much but enough to enjoy the ride.
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Bigrod- Interesting post you found. How about we post it on the proper thread, and let that other thread die, huh?
Bigrod40 Member posted September 24, 2004 21:17 ------------------------------------------------------------------------ Here is a great read from another board::
What we know: (The way I see it)
PRRM owns a TV station:
PRRM completed a share exchange and purchased a television station, Stowe TV-10 in exchange for 15 billion shares of PRRM paid to the shareholders of Stowe TV-10. Stowe TV-10 is now a wholly owned subsidiary of PRRM
It would seem this is an interesting direction to take travel but let me run with it. Stowe TV was probably looking to expand out and needed a public vehicle to do it. Without laying out for an IPO why not just reverse into an existing public entity. I've seen this before with other companies wanting to go public so I'm not alarmed.
Result: We all have and keep our PRRM shares in what is now a media company. It may not have the market viability that QBID has but you never know what direction the programming might take and with the right touch we could have another QTV scenario (though from a conservative view unlikely) in our pockets. Advantage for current PRRM stockholders is that this company already has revenue and is a national affiliate (RSN) with a subscriber base. PRRM also has new management.
IMO good for a 10 bagger...at least.
The kicker: Tampa Bay Mortgage is reversed into National Hospitality Group, Inc. (NHGP). The word reverse has two meanings here. Tampa Bay Mortgage is reverse merged into a non trading shell. There is a lot of opportunity here guys as the company now has NO DEBT and can operate in a controlled environment. Now we take the existing share structure of PRRM and by 100/1 back it into NHGP the total A/S is about 200 million with 150 million being restricted and 50 million being free tradeable. Take the revenue that can be realized from the loans, etc. and now IMO we really have something.
Example: 2 yr asset based loans totalling 50 million at an 18% return annually(Im not sure about this part returns 18 million in interest at the end of the term that would be considered revenue?) (If someone is familiar with this type of lending I would appreciate any input) Under this scenario we could really see a PPS of .25+ considering that we may open at .01 or higher as NHGP based on revenue alone.
Again I'm not positive about the mortgage side of this but this new share structure would prove EXTREMELY favorable to this business model. Also consider all the damage that has been done to the southeast this summer totalling in the billions and the VERY SLOW turnaround in getting state and federal relief over and above insurance payouts. Many businesses will need bridge capital to keep themselves going. This would be the fastest best solution.
I know JT's agenda has everyone scratching their head and this PR took us all by surprise but now that we understand why the MMs left the bid even with all the buying pressure this really looks positive IMO. Hang in there! GLTA
I see in the PR about the record of sept 24 which is today but everyone keeps referring to Tuesday. Now I dont know which it is. I will have to wait and see how many new shares I get and then I will know.
The registered spinoff, or registered stock dividend distribution offers yet another method of going public. In a spinoff, a privately company goes public by issuing shares of its common stock to an existing publicly traded company. That stock issuance is subsequently registered with the SEC and the shares are distributed to the shareholders of the public company. The private company’s stock, distributed to the public shareholder base of the public company results in a divestiture by the public company of its direct ownership or affiliation of the private company via a distribution of the private company’s stock to the public company’s shareholders. The net result is two companies each with a public shareholder base. The spinoff company then secures a market maker and lists independently.
The registered spinoff offers many advantages:
The private company may structure the new public company to meet its particular needs, such as amount and classes of stock, warrants, etc. A merger requires that the private company accept the structure of the existing company or change it by shareholder vote, including outside shareholders Typically only a small percentage of the private company's shares are distributed as a spinoff. This serves to preserve the corporate ownership of the existing shareholders for future financial transactions The spinoff prepares the stock market for a secondary public offering later on, which typically occurs at a cost more desirable than an IPO Principals and shareholders of the private company can include their securities in the registration statement for the stock dividend distribution. This can allow them to then sell their securities in the public market, subject to the volume limitations of Rule 144 If the private company is an overseas company, it may not want to become an American company as it would in a merger into a shell. A stock dividend distribution (registered spinoff) is a solution to that problem. The overseas company can have their securities traded in the United States on a U.S. Stock Exchange without requiring them to become a U.S. company or a U.S. subsidiary. A domestic company may also prefer a stock dividend distribution to a merger with a shell if it wants "custom features" which it does not find in a shell, e.g., two classes of stock owned by shareholders of the private company and/or warrants. Requirements prior to entering into a reverse merger or a registered spinoff are the following:
A private company will require approval of the majority of its shareholders for a merger with a public corporation. Once a company is taken public through a reverse merger or a registered spinoff the financial markets hold the following future prospects in the capital markets for the newly public corporation: The market value of a public company is often substantially higher than a private company with the same structure in the same industry Capital is easier to raise for public companies because the stock has market value and can be traded The public corporation may be used for special purposes. The public trading price of the public company's securities serves as a benchmark for the offer price of a subsequent public or private securities offering Acquisitions can be made with stock since publicly traded stock is viewed as currency for mergers and acquisitions Form S-8 stock can be issued. It is essential that public companies, especially newly formed public companies, actively maintain and manage a financial communications program. A newly formed public company would be well-advised to invest in consulting services, to plan and execute a strategy for building and maintaining an interest in your company within the financial community Consultants are available to assist the public corporation in providing corporate relations services intended to increase awareness of your company on Wall Street. ???????????????????????????
quote:Originally posted by Rags2BetahRags: OK Now I am really confused!!!!
I see in the PR about the record of sept 24 which is today but everyone keeps referring to Tuesday. Now I dont know which it is. I will have to wait and see how many new shares I get and then I will know.
OK, maybe you guys can help me clear this up.
People say tuesday, because of the 3 day "settlement" period... I believe... buy tuesday, settles today, the div date.
My question is this: if you have a margin account, since your shares are kept in the brokerages name and not subject to the settlement wait time, you could of bought today and would recieve these divs?
posted
Hey rick, long time no see. Give us your opinion on this. I assume you have been in touch with the CEO?
quote:Originally posted by rickpic: Sorry Administrator, I just didn;t want to give out my E-Mail address here! You should add a PM function here at Allstock!
PRRM is under new managment and I have not touched base with them as yet! There is much DD out there on them already though and I feel good about my holding (I didn't flip one share)there!
As for NHGP this looks really good, because the flow is very low and they own the Royal Arkansa Hotel, and Tampa Bay Mortgage plus all of the loans for Tampa Bay Mortgage. Could be a huge winner when it opens for trading!
Rick
PS you must know where to find me by now!
[This message has been edited by rickpic (edited September 25, 2004).]
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To me it looks like you will keep your prrm shares which will now own stowe t.v.Then you will receive 1 share of NHGP for every 100 of prrm you own.NHGP will now be the owner of tampa bay mortgage.Good LUCK
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I think that's how it is, tony. Doesn't sound bad to me. Have to wait on the details/restrictions ??? Things will become clearer.
quote:Originally posted by tigertony: To me it looks like you will keep your prrm shares which will now own stowe t.v.Then you will receive 1 share of NHGP for every 100 of prrm you own.NHGP will now be the owner of tampa bay mortgage.Good LUCK
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Come on, Upman. We still own PRRM, we get 1 for 100 NHGP. NHGP owns Tampa Mortgage. Again, we'll have to wait on the details. I have been on the short end of so many of these going ons one is bound to work for me.
quote:Originally posted by Upside: Looks to me like you guys got reversed to the tune of 1 for 100. Could be wrong but I don't think so.
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I hope your right guy but it doesn't look good. NHGP hasen't been traded in years from what I can tell and it looks like PRRM is disolving. Again, I don't want to see anyone get that kick in the nutsack but that's how it looks to me.
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Need more details, Up, we'll see what develops.
quote:Originally posted by Upside: I hope your right guy but it doesn't look good. NHGP hasen't been traded in years from what I can tell and it looks like PRRM is disolving. Again, I don't want to see anyone get that kick in the nutsack but that's how it looks to me.
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