posted
Never have a problem with someone voicing there opinion.You could be right,The more i look at it looks like a good thing.Hell if some old shell like sggm can go to 38cents ,who knows.I only have 1 million so i only see an upside(no Pun Intended).Spent a 100.00 to catch a break or lose it no big.Alot of people have alot and for there sake i hope it works out.Good Luck
quote:Originally posted by Upside: You're right will. I don't even own this one so I guess I'll just shut up and hope you guys come out allright. Good luck coc*!
With this most recent hurricane having hit harder than expected and the center now over Tampa and hitting them with up to 100 mph winds and rain, I would guess that the fax machine at Tampa Bay Mortgage will be reeling out loan applications for many weeks to come from the already in place hurricane loan program set up during the last hurricane! The reason being that Tampa Bay is running a fast money mortgage program that can get the money there fast if there are insurance delays! This should make NHGPs first month of trading even most interesting as these loans are PRed. I still can't find any PR that says that NHGP signed a difinitive letter with the Royal Hotel, and I still believe that if there hasn't been one that there has to be one coming. The front page of there web site still say under construction with the rest of the site working! They pulled down that front page with the anouncement of the Difinitive aggrement for some reason. If in fact this is a new acquisition then, its a big one worth several million dollars and even if there is a filing of the aquisition somewhere, its still a great asset backing up our new shares of an about to start trading company. I personaly feel pretty good about owning 480k shares of NHGP at the moment, but will be trying to get info on the REGDEX filing ASAP as that will have a stronge baring on where the PPS is going shortly after the trading starts! There really isn't any risk to those who are getting these basicly free shares other than if it goes up, to hold or sell. Given what seems to be a relatively stronge asset base and a growing mortgage company, I think I may take a ride with at least some of the shares Im being given! The only O/S shares that should be floating at the start of trading here are the ones from the dividend and that total should be a maximum of 150mm and really should be much less due to the timing of this move happening withing three days of 1/2 or so of the holders who would have been eligable for this dividend flipping and losing the dividend as a result. That would put us around 75mm O/S in the float on open. I figure the assets of TBMC and the RA hotel should be $10m or better and that would mean we will not be opening in the basement of .0001 but probably much higher, maybe even .01 or higher. Much of this is speculation, but NHGP could be a good dividend!
posted
That was a great post Ric!! I agree with you. I think that Tampa Bay Mortgage will be inundated with mortgage applications, as Florida is being clobbered with storm after storm. Also, as I refered to in earlier posts, the Wall Street Journal reported that some insurance companies are trying to get out of paying. And that was after the first storm. Now two more storms later, you do the math.
Guys, I will admit that I'm new to stock, but not new to the real estate market. I'm with a pretty well known real estate firm in Washington, DC and this "hard money lending" makes sense to me all day long. Washington's real estate market is booming and they say it is only surpassed by Florida. Everything adds up from a business/real estate point of view.
Now the stock point of view is obviously another thing. My first impression of the PR was a smile. Hopefully my first impression was right. We will see today! Good luck to all.
posted
But Tampa Bay Mortgage's upside potential now has absolutely no effect on PRRM, right? Now, PRRM owns a TV station.
If today we read a PR that Tampa Bay just closed on a gazillion dollars of mortgages, it would not benefit PRRM in any way, shape or form... right? PRRM no longer owns Tampa Bay. NHGP does.
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LEgal - Wall St. Journal doesn't have a CLUE.
Also - Tampa hasn't been hit with damage at ALL - and MOST people and businesses ARE insured for BOTH Wind Storm (hurrricane) AND Flood.
And HERE's the KICKER..... If you were stupid or poor enough NOT to have insurance, FEMA will pay to repair your home! INCREDIBLE!
After Frances - they (State of FL but paid for by Feds)gave ALL welfare recipients their monthly allotment of Food Stamps AGAIN. They DOUBLED the amt. for the month.
Say what you want - but I hope our US Gov't. helps those poor people in Haiti who are living on their roofs (the ones that lived) and eating muddy rice. Then again - maybe they'll just give some more money to Iraq.....................
posted
I don't own any as my money is tied up in some others. I did want to try and get 5 million when you could get it for .0001 - but never had the cash available in my account and didn't want to sell anything else. Should have for a quickie.
The way things are in pennyland now - I don't have a clue. Stocks I REALLY like and made money on last fall and others I've been watching ALL going out of business or have crashed badly to the tune of DOWN 90% or more from where they were 6-10 months ago.
If you can buy this at .0001 and are patient - most stocks at that lowest pps will usually go up to .0002 and .0003 or more eventually. The BIG RISK is if they do a RS. And don't EVER believe a CEO who says "We will NOT do a RS". Some even say 'over their dead body' and still do it - while they're alive!
So if you only throw in $500 or $1000 or NO MORE than you can afford to lose - and lose it ALL - you'll be fine. You'll either lose your limit - or make some GREAT money!
I can't believe it when I read about some of the absolute FOOLS here who claim they've lost $50,000 on QBID or $60,000 on CDVJ - both PINKS !
If I had $1,000,000 in my account - I wouldn't put 5-10% into ONE SINGLE NYSE or NASDAQ stock. Not even EBay or Taser - 2 of the BEST. I'd have it in 20-30 and spread my risk. I can't feel bad for fools who are greedy and believe "This stock HAS to go way up"!
Good Luck.
[This message has been edited by Love the Market (edited September 27, 2004).]
posted
Prime Rate Investors, Inc. Letter of Intent to Acquire Production Company Business Wire - September 28, 2004 09:37
STOWE, Vt., Sep 28, 2004 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced today the company has signed a letter of intent to acquire High Angle Media, Inc, the Stowe, Vermont based video production and management company. PRRM also owns Stowe TV-10 a cable broadcast channel and affiliate of RSN, a national outdoor and resort sports network. High Angle Media, Inc. produces television programming for national distribution including content airing on Fox Sports, RSN, and New England Sports Network (NESN) among others. The transaction remains subject to the signing of definitive agreements and customary closing conditions. PRRM officials are enthusiastic about the acquisition.
"The acquisition of High Angle Media will be a benchmark in our ability to pursue our vision of growth through commercial video, television and film production," commented PRRM President and CEO Dan Burgess.
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.
About Stowe TV-10: Stowe TV-10 is a cable broadcast channel that carries RSN national and locally produced resort-sports programming to the Stowe, Mount Mansfield and Smuggler's Notch regions of Vermont - the most unique and historic hub of skiing in the Eastern United States. From its studio in the village of Stowe, Stowe TV-10 reaches nearly a million people a year.
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. Dan Burgess, 802-253-0199 info@stowetv10.com http://www.prrm.us
Customize your Business Wire news & multimedia to match your needs. Get breaking news from companies and organizations worldwide. Logon for FREE today at www.BusinessWire.com.
posted
Prime Rate Investors, Inc. Letter of Intent to Acquire Production Company Business Wire - September 28, 2004 09:37
STOWE, Vt., Sep 28, 2004 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced today the company has signed a letter of intent to acquire High Angle Media, Inc, the Stowe, Vermont based video production and management company. PRRM also owns Stowe TV-10 a cable broadcast channel and affiliate of RSN, a national outdoor and resort sports network. High Angle Media, Inc. produces television programming for national distribution including content airing on Fox Sports, RSN, and New England Sports Network (NESN) among others. The transaction remains subject to the signing of definitive agreements and customary closing conditions. PRRM officials are enthusiastic about the acquisition.
"The acquisition of High Angle Media will be a benchmark in our ability to pursue our vision of growth through commercial video, television and film production," commented PRRM President and CEO Dan Burgess.
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.
About Stowe TV-10: Stowe TV-10 is a cable broadcast channel that carries RSN national and locally produced resort-sports programming to the Stowe, Mount Mansfield and Smuggler's Notch regions of Vermont - the most unique and historic hub of skiing in the Eastern United States. From its studio in the village of Stowe, Stowe TV-10 reaches nearly a million people a year.
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.
quote:Originally posted by valves: 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.
So it's official, then? PRRM is no longer in the mortgage business? They are now in the multi-media business?
And we still own the mortgage business, by owning NHGP, although it's 1/100th of the amount we had before?
posted
Does anyone know of any other small television companies in small resort areas in the pinks that we can compare this to? It's weird how I can buy a hard money lending company one day and own a tv station the next. Does anyone see this as a positive thing for us? Why? THanks...
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Prime Rate Investors Inc Announces Effective Date of Stock Spin Off 9/28/2004 2:38:00 PM
STOWE, Vt., Sep 28, 2004 (BUSINESS WIRE) -- Prime Rate Investors Inc (PRRM) announced the effective date of the spin-off of shares in National Hospitality Group, Inc. (OTC.Pk: NHGP) to the shareholders of Prime Rate Investors Inc is October 15, 2004. The shareholders of Prime Rate Investors, Inc. will receive one (1) share of National Hospitality Group Inc. for each hundred (100) shares owned as of October 15, 2004. The share holders of Prime Rate Investors, Inc. will retain their Prime Rate Investors Inc shares in addition to National Hospitality Group Inc shares issued.
Earlier today, PRRM officials released the company's plan for growth detailing its intended expansion into horizontally related entities in the outdoor sports and media industries. "Through new acquisitions and by forging strategic relationships with these entities, the company's network of e-tail, retail, print and visual media will facilitate all the advantages of horizontal marketing: strategic cross-marketing, incentive advertising, multi-level promotion with secondary moneys, etc., while ultimately amplifying the name recognition of each entity through multimedia exposure," the company's plan states. The full text can be found at http://www.stowetv10.com/company.php.
About Prime Rate Investors (OTC.PK: PRRM): 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.
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
Prime Rate Investors Dan Burgess, 802-253-0199 info@stowetv10.com
Customize your Business Wire news & multimedia to match your needs. Get breaking news from companies and organizations worldwide. Logon for FREE today at www.BusinessWire.com.
Copyright (C) 2004 Business Wire. All rights reserved.
I guess we dont have to worry about the last PR now do we??? This split is when the cutoff date is right not the 24th like before in last pr?? Or am I wrong? This is way too confusing. They should have a sign posted " You are Here" for guys like me.
posted
hey folks, don't get over here to often. i have 2mil at .0001. just read the latest pr.read the last line of the 1st paragraph. says we retain our shares of prrm in addition to divie company....... or did i misunderstand that last line...... what do you read? ........ rivercity
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posted
You keep all your prrm which now owns the t.v. station.You get the dividend shares of NHGP which now owns the mortgage co.Good Luck
quote:Originally posted by rivercity: hey folks, don't get over here to often. i have 2mil at .0001. just read the latest pr.read the last line of the 1st paragraph. says we retain our shares of prrm in addition to divie company....... or did i misunderstand that last line...... what do you read? ........ rivercity
posted
hi everyone i have a question i have had a sell order in for 900,000 shares at .0002 for 2 days and hasnt gone threw yet has anyone sold latly for .0002 and if yes how many shares? maybe i am trying to many shares at one time. please respond
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I cant see .01 or .25 Why will it be higher?? Maybe someone explain it to me, in staight laymens terms. NHGP is going to trade at .0001 and dividends will be $1.00 for every million shares owned! I personally would like to see a higher PPS, but honestly cant see it.
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Rumour.......... I heard that we will be seeing Frank from the Q sking down a hill on Stowe TV butt naked with a QBID tatoo on his A$$, JUST THINK OF THE RATINGS.....
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rickpic... can you help me understand a little more on prrm/nhgp. Is this right... if I own 21M sh of prrm, I will continue to have 21M of prrm after 10-15. Then after Oct 15 I'll also have 210000 of nhgp? Doing the math of nhgp of 210000 at .25, that's alot of money given to me. Sounds great, but maybe you can enlighten me on what's really going to happen, where I'll be after the 15th.
posted
I have a question for anybody. I am assuming that you have to keep your shares until after October 15th, or will you still get the distribution if you sell before that?
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quote:Originally posted by stockfreak: hi everyone i have a question i have had a sell order in for 900,000 shares at .0002 for 2 days and hasnt gone threw yet has anyone sold latly for .0002 and if yes how many shares? maybe i am trying to many shares at one time. please respond
Been trying to sell 5M @.0002 for days now. Will post when it goes through. 900,000 should be a bit easier. Good Luck to you.
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