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The new +7bil A/S is claimed to be restricted:
Posted by: bobky In reply to: None Date:10/7/2004 1:23:54 PM Post #of 2291
e-mail to me just now from the company- Bob: we will be increasing the A/S to facilitate mergers and acquisitions, but as you know this will be done with restricted stock and we will update the pink sheets accordingly. We have no plans to do a reverse split. We understand that this is a repeated concern, and we want to reassure you that a R/S is not in our plan.
-----Original Message----- From Sent: Friday, October 01, 2004 8:03 AM To: Ian Lamphere Subject: Re: PRRM.........
Good morning Mr. Lamphere, Thank you for returning my prior email in a very timely fashion. I was wondering if you could shine a bit more light on the subject of the LOI involving High Angle Media. After doing some research I see that the same people involved with PRRM are basically the same people running High Angle Media. Please correct me if I am wrong. What I am trying to get at here is, what is the justification in aquiring something that you allready have total access too ? My assumption that PRRM has total access to High Angle Media stems from reading their website. The reason for my question is, why create the expense to PRRM or it's shareholders if it is not nescessary. I must say I am confused by this LOI. On one hand I understand why PRRM would want to aquire High Angle and on the other I wonder why, if they may utilize it at will. Which brings me to another thought, wouldn't it be easier and more cost efficient to just have High Angle merge into PRRM ? I am more than likely way off base with my thinking or interpretation of this LOI and would deeply appreciate it if you could clear my thoughts on it. Thank you for your time and I anxiously await your response,
xxxx, Cost effective mergers and acquisitions beginning with associated companies will increase the revenue and share value of Prime Rate Investors. Having access to High Angle Media resources is different than acquiring High Angle Media as a wholly-owned subsidiary. While management may participate in both companies, they exist separately with differences ranging from ownership to employees. Furthermore, we are looking at other acquisitions of multi-media companies which will allow us to leverage our shared customer bases and human resources. We are profiling the contributions of candidate companies. Ideal M&A targets have positive cash flow, established customer base, and human resources that parallel our aggressive growth strategy in our industry. Thank you for your patience, Ian Lamphere Vice President PRRM Stowe TV-10 145 S. Main St. Stowe, VT 05672 (802)253-0199 info@stowetv10.com
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Hey Tarq, at least you got a response. I emailed a couple of times to try and get a feel for what was happening with the company and got nothing in response. Maybe I shouldn't have used the firms email account, maybe I scared them!!!
Do the majority feel this is a longer hold or hold long enough to get the divy?
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this is a longer hold. I think we will see .0002 or .0003 next week. But they are building and building takes time. How long who knows. But they seem to be moving pretty quick with the LOI and all. So me personally am comfortable. Let them make there deals.
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Ryan: we appreciate your concern. We are increasing the A/S to facilitate acquisitions of companies using restricted stock. We have an aggressive growth strategy that we believe will translate into positive shareholder value. M&A targets have positive cash flow, established customer base, and human resources that parallel our strategy in our industries. By this plan we will build infrastructure for a network of multi-media and wholly owned subsidiaries within associated industries. If we use, for example, $1 million of restricted stock to acquire a private company that is worth say $2 million in a public vehicle, not to mention adds value through its strategic placement, existing relationships, expanded customer base, and the benefits of economies of scale, then the overall value of our company and hence the price per share will increase.
We will issue a press release stating the details of the NHGP stock as soon as we receive those details.
We are proud to be Prime Rate Investors' management, and so responsible for building an increasingly profitable company.
Thank you for your patience,
Dan Burgess President and CEO Prime Rate Investors, Inc. Stowe TV-10 145 S. Main St. Stowe, VT 05672 (802)253-0199 info@stowetv10.com
-----Original Message----- From: Ryan Sent: Tuesday, October 12, 2004 6:43 PM To: info@stowetv10.com Subject: Increasing A/S
Mr. Burgess-
I am very concerned with the constant increase in the A/S that has been done in the last few weeks. I think that I speak for most of the shareholders on this matter too! Now I realize that you have commented on the reason behind increasing the A/S, but I don't see how this is doing any good. Everyday your company trades at a constant level of .0001! Wouldn't it benifit you as well as the shareholders if HSDN didn't have so many shares to dump day in and day out? A lot of share holder are getting out simply becasue of the fact that the A/S doesn't seem to stop rising! If you could please enlighten me on this matter a little further and give me a A/S limit where you plan to stop raising it. Also, the dividend for NHGP doesn't seem to be listed. Is everything still a go as planned on that? I mean if there is no shareholder confidence, then there is a stall in buying of the company! Please give us something to work with! Thanks.
quote:Originally posted by tyedye: Has one heard more about the NHGP dividend yet? Last I read it is scheduled for tomorrow: Oct. 15.
Wondering if it will automatically post to my Ameritrade account?
Also wondering if anyone knows if it will be tradable the same day it is issued.
Any help greatly appreciated.
Here's part of the PR that list the date, but it didn't say wether the shares were restricted or not.
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.
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Prime Rate Investors, Inc. Launches National Syndication of Backcountry TV Business Wire - October 14, 2004 15:12
STOWE, Vt., Oct 14, 2004 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced the national syndication of the first two episodes of the original series, Backcountry TV. "Chamonix: the Cradle of Alpinism" and "Altai: Siberia's Hidden Peaks" have been selected as part of New Visions Syndications' 2004/05 Mountain Top Ski and Snowboard Series airing to 196 million total viewers nationwide throughout the winter season on major broadcast network affiliates including, among others, ABC, CBS, Fox Sports, and NBC. Additionally, both episodes of Backcountry TV are currently airing on all US Airways flights to Europe. The series of half hour cultural and historical presenter-led documentaries chronicle stories of outdoor adventures around the globe. Produced by Stowe TV-10 in association with High Angle Media, Inc., the series is written and directed by Ian Lamphere and Adam DesLauriers, and hosted by Sam Von Trapp. A schedule of airings will be available at the website www.stowetv10.com.
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.
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Can we get a rise in the pps now? No word on tomorrow! Oh, well. Maybe we'll see some movement. Is a gap tomorrow to much to hope for?
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I'm comparing QBID to PRRM and was told QBID had 9 billion before the push upward back in late Jan. We have 40 billion so it's probably going to take a bit longer unless the word gets out bigtime. Any thoughts as too a possible time frame?
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No i doubt well see a rise in pps,yes it's to much to ask for a gapper,no i don't see a clue about a time frame until after the NHGP thing is settled.Sorry sure thats not what you wanted to hear JMO.Good Luck
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May not be what I wanted to hear, but reality always works good! I don't see it moving either. I'm trying to evaluate this one. Should it stay or go!
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This is the email I sent to Ameritrade. I'll let everyone know what the response is.
This company is alledgedly suppose to put out of dividend of NHGP stock today. I was wondering if there was any word from the company to you guys on this matter? Also, if so, are they restricted? Lastly, do I have to hold my position in PRRM till the end of the day to receive the dividend?
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There has been no filing of the dividend yet that I can find, so don't expect it for a while. I'm confident that we'll receive it, but I expect a delay.
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Thank you for contacting us today concerning PRRM.
Ameritrade has not received any official information regarding a spin off for NHGP from PRRM. Below is contact information to PRRM.
604-420-0095
If you have any questions and wish to contact us via e-mail, please log into your account and send your inquiry using the "E-mail Us" link which can be found in the navigation bar at the left side of any page within your account. Select the Reorganization & Dividend Inquiry Form.
Joy Busse Apex Reorganization and Safekeeping, Ameritrade Division of Ameritrade, Inc.
Original Message Excluded: -------------------------
Here it is Sunday night and still no dividend shares of NHGP yet, or even a PR about the dividend.
Wondering if anyone knows what is happening with this?
Also, this delay of a dividend makes me wonder if they will extend the date, and put it off even more to sell more shares to fund their new acquisitions.
Thank you for contacting us today regarding spin-off's to shareholders of PRRM and CMKX.
Preliminary information indicates a spin-off of shares National Hospitality Group will be made to shareholders of Prime Rate Investors at a rate of 1:100. This information indicates a record date of 10/15/04, but no payable date is available.
If you have further concerns or inquiries, please reply to this message.
Sincerely,
Jason Becker Apex Reorganization and Safekeeping, Ameritrade Division of Ameritrade, Inc.
posted
did you guys really expect the dividend issue date be the same as the qualified date? it doesn't work that fast... I don't think it works that fast for any company..
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Rickpic - I was thinkin this station should try and get the TechTV shows back online thru their network. Man that would rock ! That's all I watched before it disappeared....or even better they could start their own TechTV. That network had a huge following. Anyway just thought people could email about that. Latah'. GO PRRM!!!
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Prime Rate Investors, Inc. Acquires Production Company 10/19/2004 11:57:00 AM
STOWE, Vt., Oct 19, 2004 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (OTC.PK: PRRM) announced today the company has closed its acquisition of High Angle Media, Inc, the Stowe, Vermont based video production and management company. 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. High Angle Media, Inc. also produces a wide range of video projects including advertisements for national placement (including the accompanying video file). PRRM also owns Stowe TV-10, a cable broadcast channel and affiliate of RSN, a national outdoor and resort sports network. "The acquisition of High Angle Media will not only be accretive to Prime Rate Investors' earnings; it also presents the company with tremendous new opportunities in addition to assets and human resources necessary to our vision of growth in the media of commercial video, television and film production," asserted 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.
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Many are saying that there are no numbers for PRRM and its sub companies, but there are. No totals have been made available, but rates for what they sell are certainly available!
Here are the advertising and production prices for Stowe TV10 and they are almost exactly the same for Adir TV33! Sugarbush TV 12 is also listed at the link I will provide here!
Headline Sponcership $5,000 per season Wheather Report Sponcership $3,00 per season (four times per hour, seven seconds each) Trail and Lift Reports $7,000 per season (updated as needed)
Dine Around (12 month contract) $3,000 two airings per day (2 min. block) Dine Around (6 month contract) $1,600 two airings per day (2 min. block)
Stowe Home Show (12 month contract) $3,000 two airings per day (2 min. block) Stowe Home Show(6 month contract) $1,600 two airings per day (2 min. block)
Stowe Visitor's Guide(12 month contract) $3,000 two airings per day (2 min. block) Stowe Visitor's Guide(6 month contract) $1,600 two airings per day (2 min. block)
Editing $100. per hour Digital Camera and Operator $500. per day BetaCam and Operator $800. per day 16mm Film Camera and Operator $500. per day (does not include associated film costs) 30 second spot $750.
The Stowe TV-10 team can customize various sponcership opportunities to best meet your marketing needs Additionally, we can custom-tailor production services to your specifications. A thirty second video spot starts at $750 including all shoots and editing. Please call for information and a quote regarding all other promotional videos and production services.
Its not broken down into how many adds run per hour across the board, BUT THE PRICES LISTED SHOULD GIVE YOU AN IDEA AS TO WHAT KIND OF REVENUE IS BEING GENERATED ANNUALY! I hope this helps those who wish to know how much is being made by PRRM and its affiliate stations!
STOWE, Vt.--(BUSINESS WIRE)--Oct. 22, 2004-- Prime Rate Investors, Inc. (OTC.PK: PRRM) subsidiary, Stowe TV-10 announced the second annual Stowe Mountain Film Festival in conjunction with the Vermont Ski Museum. The series of gravity sports and mountain films runs from November 26 through December 29. Films by Warren Miller, Teton Gravity Research, and High Angle Media highlight a large list of productions showcasing kayaking, mountain biking, mountaineering, skiing, snowboarding, base jumping and the most celebrated personalities and stories that have shaped mountain culture. Some events offer celebrity appearances and cultural exchange. Cinematographer Adam DesLauriers and world extreme skier John Egan will present an interactive forum at the Ski Museum. A delegation of women from Afghanistan will describe their lives in the mountains of their country. A portion of the proceeds will benefit the Vermont Ski Museum in Stowe. "We are again thrilled to be finalizing this year's schedule of events," noted PRRM Vice President Ian Lamphere. "We are even more excited about the greater depth of content and cultural interaction that marks this year's film festival. Also, last year we raised thousands of dollars for Museum programs, and this year is bound to be an even greater success," he asserted. Show times and event listings will soon be available at www.stowetv10.com. 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 offers diverse advertising solutions to businesses seeking multi-media exposure. Its subsidiary, Stowe TV-10 is a cable broadcast channel and RSN national affiliate. Its subsidiary, High Angle Media is a video production and advertising company. For more information, visit the company's website www.stowetv10.com.
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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! That's all I watched before it disappeared....or even better they could start their own TechTV. That network had a huge following.
