posted
I didn't see whether they were restricted or not. Does anyone know? Also, this had huge volume again as usual. Anyone have any ideas what a pr has to say to make it move/run, anything!!!!
Posts: 784 | From: washington, DC | Registered: Aug 2004
| IP: Logged |
posted
just got off phone with dan looking into something for me and will call back.let yall know what he says!
Posts: 2048 | From: THE LAND OF CAPS LOCK. | Registered: Oct 2004
| IP: Logged |
We have received numerous and diverse inquiries in the past week. Far too many to reply to individually, and we hope to address the majority here.
1) The confusion surrounding the NHGP dividend has concerned many, and this was only compounded by a typo for which I assume responsibility. Due to accounting, shareholders on record as of September 30, 2004 will receive their shares on November 15th, 2004. We were led to believe that the record date could be extended to October 15, and declared it as such only to be informed that “extenuating circumstances” involving the company’s quarterly audits would not allow the extension after all. This does not make us happy, and we are now working on and will announce dividend details for those who purchased shares of PRRM between September 30 and October 15 as soon as possible. Our working date for this distribution is Feb. 15, but this has not been finalized.
2) Regarding financials, reverse split, and the move to becoming a reporting company: the question of revenues associated with contracts/projects. The vast majority of the time projects are bid upon, and/or advertising packages customized by the sales department. In appropriate instances that involve gross ad sales associated with an event or program, we will state revenues. In the meantime, our range of video production contracts range from local $1,500.00 to $25,000.00. Contracts that are more regional or national approach $100,000 and advertising packages can range from $4,000 to $300,000. Upon completion of the fourth quarter we will investigate the opportunities that exist by moving to the bulletin board. Again, there is no R/S in our plan.
3) A few of you have inquired and/or suggested about investor relations opportunities such as radio interviews, company profiles, etc., and gladly will hear your suggestions regarding these opportunities. Currently we have no IR representation and are doing our best to communicate effectively with shareholders ourselves. We have recently received unusual inquiries regarding the employment of a promoter or firm named JT. We neither employ, nor have been in discussion with such an individual or firm, and so know no such person or firm’s phone number, address or other contact information. We have been in discussions with well known firms though we have engaged no such entities as of yet. We thank shareholders who believe in the plan for their open support; those who dislike the plan should merely not buy our stock! On this note too, we thank you for your communication with us. We appreciate ideas you have for the company, and encourage you to continue in this vein. Such contributions have included suggested acquisition targets (with links, DD, etc.), and one shareholder in Naples, FL offered his resources to help investigate the possibility of establishing a broadcast affiliate there. Florida currently has three RSN affiliates: one in Destin, one in Key West, and one in Panama City. We encourage you to email such ideas. We are not discouraging you to phone the company, we merely want to condone brevity on the phone and please email weightier ideas or concerns!
4) Symbol change: this is possible, but not something we have concerned ourselves with at this time.
5) Share structure, our plan and pps: We will increase the A/S and O/S as opportunities that we deem valuable present themselves. 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 want to acquire a $3 million private company, that would be worth say, $4 to 6 million in the public vehicle, not to mention adds value through its strategic placement, existing relationships, expanded customer base, and the benefits of economies of scale, and we can accomplish this by issuing six billion restricted shares at a pps of 0.0005 to close the acquisition then we will. We are confident that in this manner the overall value of our company and hence the price per share will increase.
6) Inquiries concerning:
· Synesi, Inc. We love coffee more than most normal people. We are proud to be involved in both companies; working within industries that interest us the most is the chief source of motivation. Simultaneously, opportunities often occur to the benefit of combined companies, while solutions that would otherwise be unapparent arise to meet formidable challenges – hence it presents more advantages than hindrances. That said, it is time consuming as Ian increasingly needs to focus attention on PRRM activities and media work. Consequently, we are adding two people to Synesi management and will continue with the micro-roaster roll-up.
· Investor dairies. Investor dairy farms are common in Kansas, California, and the west. They are not common in the northeast. This is not in PRRM’s plan at this time, but remains an interesting opportunity worth research and further investigation.
· Real Estate and construction services. While not a part of our plan specifically, we use the resources of partners’ involvement in such endeavors. For example, we are negotiating the expansion of our operations in Stowe and the design of improved live show facilities.
Shareholder quote of the day: “The obstacles aren’t IN the path; they ARE the path.”
Again, we are proud to be responsible for the growth of Prime Rate Investors, Inc.
The rumor that Dan told a caller that PRRM was looking for a Colorado aquisition, has caused several investors that I am in comunication with to search out possible aquisition targets. I previously posted a list of Colorado RSN affiliates because I felt strongly that PRRM would be looking within the RSN network first for possible targets. Well it has been brought to my attention that a prime RSN affiliate is in fact for sale in Aspen Colorado and was listed for sale at this site Friday!
Funny that it is no longer listed there today! The sell price was listed as confidencial so I have no idea what the asking price was.
This could be a huge move for PRRM as Aspen is very much in the winter and year round sports lime light! We as shareholders would benifit greatly from such an aquisition!
I'm gonna put out the name of the Aspen affiliate here and hope that someone can come up with a for sale sign somewhere on the net or elsewhere to link us to!
Lets hope that this is on PRRMs radar and that the reason the listing disapeared over the weekend is that they have signed papers on it!
We shall soon see! **** has sent off an E-Mail to Dan asking about this possible target and has also offered Dan what I think is a great idea about PRRM doing live internet sports and music radio as part of there buisness. Its relatively cheap and could help grow there network!
posted
From another board What could be breaking NEWS!
The rumor that Dan told a caller that PRRM was looking for at a Colorado aquisition, has caused several investors that I am in comunication with to search out possible aquisition targets. I previously posted a list of Colorado RSN affiliates because I felt strongly that PRRM would be looking within the RSN network first for possible targets. Well it has been brought to my attention (By Kansas an HSM member and friend of mine) that a prime RSN affiliate is in fact for sale in Aspen Colorado and was listed for sale at this site Friday!
Funny that it is no longer listed there today! The sell price was listed as confidencial so I have no idea what the asking price was.
This could be a huge move for PRRM as Aspen is very much in the winter and year round sports lime light! We as shareholders would benifit greatly from such an aquisition!
I'm gonna put out the name of the Aspen affiliate here and hope that someone can come up with a for sale sign somewhere on the net or elsewhere to link us to!
Lets hope that this is on PRRMs radar and that the reason the listing disapeared over the weekend is that they have signed papers on it!
We shall soon see! Kansas has sent off an E-Mail to Dan asking about this possible target and has also offered Dan what I think is a great idea about PRRM doing live internet sports and music radio as part of there buisness. Its relatively cheap and could help grow there network!
Thanks Kansas for bringing this information to my attention and GO PRRM!
posted
Prime Rate Investors, Inc. Subsidiary Signs Broadcast Agreement with New England Sports Network via COMTEX
November 8, 2004
STOWE, Vt., Nov 8, 2004 (BUSINESS WIRE) --
Prime Rate Investors, Inc. (OTC.PK: PRRM) announced that it's subsidiary, High Angle Media, Inc. has signed a contract with the New England Sports Network (NESN) for the regional broadcast of its original series Backcountry TV. The outdoor adventure series of cultural documentaries will air twice weekly during evening prime time on NESN beginning Sunday, January 1, 2005. Hosted by Sam Von Trapp and written and directed by Ian Lamphere and Adam DesLauriers, each episode traces the feats of outdoor adventurers as they explore exotic locations around the globe.
NESN is a 24 hour, regional cable network owned by the Boston Red Sox and Boston Bruins. NESN delivers exclusive coverage of Boston Red Sox and Boston Bruins games and reaches 3.8 million homes throughout New England. Its website is www.nesn.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. Based in Stowe, Vermont, its wholly owned subsidiaries include: High Angle Media, Inc., a video production company and Stowe TV-10, an RSN network affiliate and cable broadcast company that reaches nearly a million viewers annually.
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 http://www.prrm.us info@stowetv10.com
Copyright (C) 2004 Business Wire. All rights reserved
Posts: 134 | From: charlotte | Registered: Jun 2004
| IP: Logged |
posted
Yes, my chart showed that price also. I put in a sell at just below it just in case it was for real. Ofcourse, nothing came of it.
Posts: 395 | From: algonquin,il,usa | Registered: Sep 2004
| IP: Logged |
posted
Prime Rate Investors, Inc. Closes Acquisition of Lake Placid, NY TV Station via COMTEX
November 17, 2004
STOWE, Vt., Nov 17, 2004 (BUSINESS WIRE) --
Prime Rate Investors, Inc. (OTC.PK: PRRM) announced it has closed its acquisition of Lake Placid, NY's Adirondack TV-33. ADK TV-33 is an RSN broadcast affiliate and producer of Lake Placid's first and only live morning show "Adirondack Today" in addition to special events coverage and other productions targeting the millions of annual visitors to the Tri Lakes Region of New York's Adirondack Park. Lake Placid is the "Winter Sports Capitol of the World" and host of the 1932 and 1980 Winter Olympics. It was here in 1980 that the U.S. hockey team beat Russia in the "Miracle on Ice" gold medal game. Each year thousands of winter athletes train and compete in Lake Placid in luge, bobsled, alpine and nordic ski racing, ski jumping, ice skating, hockey, snowboarding and aerial ski and snowboard jumping. By summer Lake Placid hosts equally diverse events from summer athlete training to concert series, the Lake Placid Film Festival, and the prestigious Lake Placid Horse Show. "Adirondack TV-33 is the flagship operation of Prime Rate Investors' network of RSN broadcast affiliates," remarked PRRM President Dan Burgess. It's website is www.adktv33.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. Based in Stowe, Vermont, its wholly owned subsidiaries include: High Angle Media, Inc., a video production company and Stowe TV-10, an RSN network affiliate and cable broadcast company that reaches nearly a million viewers annually.
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 http://www.prrm.us E-mail: info@stowetv10.com
Copyright (C) 2004 Business Wire. All rights reserv
Posts: 134 | From: charlotte | Registered: Jun 2004
| IP: Logged |
posted
Here is the response to an email I sent yesterday asking about the div. shares. ________________________________________
"Ian Lamphere" <info@stowetv10.com> To: info@stowetv10.com Subject: NHGP Dividend Information Date: Wed, 17 Nov 2004 11:28:06 -0500
Hello: the dividend was processed on Monday, Nov. 15. Shares will show in your account soon if not already. Please contact your broker-dealer for more information.
posted
By: R.J.Trotts 18 Nov 2004, 06:27 PM EST Msg. 10211 of 10261 Jump to msg. # VERY INTERESTING TALK WITH THE COMPANY...
I talked to Dan today with the company...he was very upbeat about the future of this company, and ASSURED that there was NO Reverse Split...but he had to authorize the high A/S. He paid alot for this shell, and alot for each of these aquired companies... I found out Astrom has NOTHING to do with this company--he was only the past owner of this ticker. Dan paid him for this and he is history... That is great news, Astrom is a crook from long ago. About the dividend, he assured that the paperwork was completed on Monday, and we should see the stock appear in our account in a day or so. We are currently in Stage One with PRRM, the mgmt has been in control for only a FEW weeks. And we have 2 aquired companies...there is a total of six according to Dan. This Stage One will continue through 1Q 2005. About numbers, he is waiting on all of the aquired companies to be added, and then the PR will come out about the numbers. He is estimating market cap to be $25-65M, that is a huge gap, but alot depends on growth with each of the companies. There are about 45 employees between all the offices, and aquired companies, that means this is NO LONGER a shell. This guy was impressive to talk to and if he was telling the truth only half way, I am happy to be here, and if he was TOTALLY HONEST. I think that we could see .001, by the time March 2005, gets here and we know the NUMBERS. Lets just be patient with these guys. They are cleaning up this OLD Mortgage Business, and turning it into a MEDIA GIANT...I am happy to be loaded up, and given the chance after my visit with Dan, I will add more...RJ
this is just an overview of some of what we talked about today, call him for yourself, he will share this with you, Everything talked about here is in past PR's----nothing here is confidential...but it was great to hear it from the President of our little jewel here...
Posts: 512 | Registered: Jul 2004
| IP: Logged |
posted
That is good to read. NHGP is trading now, .27 last I checked. I only have 1.5 mil of prrm, so I guess I am supposed to 15,000 of NHGP.
Posts: 395 | From: algonquin,il,usa | Registered: Sep 2004
| IP: Logged |
posted
does anyone know when we are gonna get our shares from prrm and does anyone no if they will be restricted. thanks and glta
Posts: 111 | Registered: Aug 2004
| IP: Logged |
posted
Press Release Source: National Hospitality Group, Inc.
National Hospitality Group Inc. Receives 3,000 new shareholders from PRRM spin-off Friday November 19, 8:00 am ET
ST. PETERSBURG, Fla., Nov. 19, 2004 (PRIMEZONE) -- National Hospitality Group., Inc., (Other OTC:NHGP.PK - News) a majority-owned subsidiary of Prime Rate Investors, Inc., announces that on November 15, 2004, approximately 3,000 shareholders of Prime Rate Investors, Inc. (Other OTC:PRRM.PK - News) will be issued shares of National Hospitality Group, Inc. in a dividend distribution, resulting in the PRRM shareholders owning all of PRRM's interest in NHGP directly. The distribution of shares issued will be in the ratio of one (1) share of NHGP for every one hundred (100) shares of PRRM owned on September 30, 2004. Damian Guthrie, President of NHGP said, ``We are pleased to welcome the shareholders of PRRM as direct shareholder in NHGP, and we are excited that this event will create liquidity in the stock and bring a tremendous visibility to the company.'' ADVERTISEMENT
Tampa Bay Mortgage Solutions, Inc., the wholly owned subsidiary of National Hospitality Group, Inc., will continue to execute the same business model that it performed when the Company was the subsidiary of Prime Rate Investors, Inc., including management and location.
National Hospitality Group, Inc. operates through its wholly owned subsidiary Tampa Bay Mortgage Solutions, Inc., which is a direct lender specializing in short-term asset based lending. The company specializes in 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.nhgp.net.
The release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves 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 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:
National Hospitality Group, Inc. Damian Guthrie President (786) 246-1077 (727) 894-4520 www.nhgp.net tsolution@tampabay.rr.com
posted
Man I think scottrade made a mistake, they are showing 002 and yahoo is show 0002. Dang my bad ya'll
Posts: 390 | From: dallas tx | Registered: Mar 2004
| IP: Logged |
posted
Interesting read from another board. mountnbiker wrote:
Hi R.J. and thanks.
I really like the fact that the bottom seems to have dropped out of daily average trading volume and the fact that it's very sudden and very dramatic and I'm anxious to see if it continues next week. And if it does it'll be speaking for itself loudly and clearly 'cause it'll mean that the huge daily volumes we've seen up 'til recently have been far and away the self-serving antics of certain MM's acting on behalf of one or more of their larger clients in combination with cellar boxing in general (without the massive naked shorting) on the parts of other MM's. (A fun combo.) Next week's daily average trading volume is gonna be very telling. Telling to the point that the MM's in general will react to any change in trading motives of their brethren if indeed those motives have changed. And everyone involved will know by the average daily volume number. So I say let's hope it's low 'cause it's good news. Which is an opinion that was echoed in a post earlier today. An opinion I wholly agree with. If next week's average daily volume is low (in relative terms) we're very likely gonna soon see average trading levels climb. The MM's are gonna react to any decent buying pressure in order to profit from long positions (PRRM inventory). Something that hasn't been seen for quite some time because of that above mentioned large client(s) and the cellar boxing routine combo. MM's always go with the flow... order flow... except when circumstances dictate otherwise (what we've witnessed here of late and S-8 activity for example) and when those circumstances are no longer in evidence business as usual resumes.
Many here questioned the lack of MM response to obvious buying pressure at .0002 over the past couple of weeks and rightly so. It seemed strange and underhanded to all of us that strong buying at .0002 didn't result in the MM's moving the inside Bid and Ask up so they and us could close long positions at profit (if we so desired) but there were reasons. Lousy reasons to us but justifiable to the MM's. Get those reasons out of the picture and away we go whenever there's decent buying pressure. And as we close in on year end and the finalizing of the balance of the acquisitions and merger and such the buying pressure is very likely to indeed get strong. Real strong. PRRM has been of huge interest across the investing spectrum for several weeks now (daily volume leader and message board most active list leader, etc.). It's being watched closely. Real closely. And by a great many. And it only makes perfect sense that given all that is widely known about the company (great management, acquisitions, merger, alliances, no R/S, etc.) if daily average trading volume does indeed remain low next week and the MM's do indeed start doin' their buying pressure thing that the fence-sitters (and many of us) will jump in for fear of having to pay higher prices down the road. A domino effect that could mushroom into a run. A run that the MM's will be a big party to as no one likes to maximize profits more than the MM's. Their greed knows no bounds. Money rules. (How strong any OTC/BB run is overall always depends in large part upon the overall extent of MM short positions that are opened during the run.)
Next week will tell the story. Gonna be interestin'.
Fundamentally, things continue to look up for the company and its shareholders for sure but here in pennyland the MM's are always a major part of how big and how quick any profits are. Just the way it is.
posted
This stock is just impossible to sell. Is anybody else having problems selling this?
Posts: 390 | From: dallas tx | Registered: Mar 2004
| IP: Logged |
posted
HOW LONG? I been trying to sell for a week. I hate I even got this stock. I could be making money elsewhere.
Posts: 390 | From: dallas tx | Registered: Mar 2004
| IP: Logged |
posted
If this is correct the shares are restricted and can't be sold.Waiting for another response.
Thank you for your patience while I researched your question. Depository Trust Company (DTC) does show the spin-off from PRRM, payable 11/15 to holders of settlement date 9/30. DTC has not distributed the shares, they are awaiting payment from the agent. These are restricted shares so it is hard to say when payment will be made. We will allocate to shareholders once received from DTC.
The dividend for MLON has already posted to your account. You received one share of WLSC for every one hundred shares of MLON. I hope this information is helpful.
If you have further concerns or inquiries, please reply to this message.
Sincerely,
Tina Nauman Client Services, Ameritrade Division of Ameritrade, Inc.
And yeah I'm with you. I figure we'll do just fine here with a little patience. Afterall management themselves have reminded all of us a few times that they've only been on the job a short while and that what they're workin' on ain't about to happen overnight. But having said that... considering the rapid pace they've set so far we COULD see a catalyst to higher trading levels pretty much at any time. I know I'm ready and I know the MM's are ready now that the massive large block .0001 selling is at an end. And we've once again got buying at the Ask. And that's definitely a good sign. I'd say everyone watchin' is gettin' a little antsy knowing that we could be provided with the means for a run at any moment. Afterall there's lots of positive details to come with respect to stage one progress including the target details. And of course management have also told us that they'll PR ad revenues details. And probably a lot more. Afterall it's in everyone's best interest (including management's) to get as much positive information out to the buying public as possible. The stock goes nowhere without buying pressure. And management well know it.
The other thing I like (believe it or not) is the massive .0001 selling we've been witness to for the last while for the simple reason that since buying over the same period was nowhere near as strong the MM's are now sittin' on a boatload of PRRM inventory... they're long. And that means two things that benefit all of us greatly... one being that the only way to profit from long positions is to sell higher so the MM's now have a strong vested interest in moving us up... in keeping the inside Ask as high as possible. The other thing being that with holding so much PRRM inventory, if and when there IS a run, it'll be all that much stronger because the MM's won't be forced to open massive short positions... which is what happens during a run (buying frenzy) when they fill buy orders in the absence of inventory (when they sell what they ain't got).
Things are lookin' just fine so far. All's we need is a catalyst or two and there's plenty of potential for that.
The future is on its way. We're all entitled to our personal perspectives. There's no two ways about that. MY primary argument is that it's only fair to the company and all of US that each of us sees both the pluses and the minuses and not just one or the other. That we each present here in our posts a balanced take of the company and its management. Such an approach is the ONLY realistic way to get to the bottom line. To determining whether or not buying & holding is the best call.
As for being realistic... at what stage in the proceedings have I not been realistic? Being realistic is precisely my point and that point is very clearly in evidence in each of my posts. As R.J. said... to stick to facts as much as possible and to keep speculation to a minimum. How far is wild guesswork likely to get us? We all know the realities of pennyland. There are no profit assurances. Whenever are there? It's in everyone's best interest to simply pay close attention to whatever details come our way and to take things one step at a time. To neither second guess ourselves into a hole nor to get too far ahead of ourselves. To remain balanced and levelheaded and simply figure things out through debate and discussion and such. And why?
Because many of us are holding a huge position in PRRM and as such if we do eventually see .01+ in the absence of a reverse many of us are going to be walking away with a HUGE piece of change. And certainly that's motive enough to give new management the benefit of our support since they've very clearly demonstrated to this point (in a variety of ways) that they ARE shareholder concerned. That they DO have bringing value to shareholders in mind. And you don't much see THAT in pennyland. Do you?
The other thing we need to keep in mind is PRRM's trading venue. There is no mandated obligation to file. It's a non-reporting status situation. Management are under no mandated obligation to publicly provide us with ANY numbers. And on a one-on-one basis their hands are tied to a degree due to new fair disclosure rules that universally apply. So any numbers that do come our way come courtesy of the good graces of management. Consideration for shareholders and such. So the more numbers details we become privy to over time the more obvious it becomes that management is on the up and up. The non-reporting status is reason enough for many companies to remain pink. Self-serving activities can be hidden from view. So we wait and see what comes our way... including a decision on that talked about move to the OTCBB (to be revisited after year end). That'd tell us a lot about how serious and concerned management really are. Right?
Stage one isn't complete yet and management have stated that when it is we'll be provided with numerous details. Exactly WHAT details remains to be seen. The bottom line being that they (management) are hard at work. On bringing value to both themselves and us. How it all turns out, and when, also remains to be seen.
As for the A/S, O/S, float and R/S issue... all of us here have pretty much beaten that one to death. What more can any of us say?
posted
May as well hang on to it, what would you get if you tried to see it??? The only way you could sell is to give it away at 0.0001 because it won't sell at 2. IMO with time this stock will happen, its a matter of time. 3.5 mil here and have no choice but to hold. I bought at 0.0001.
------------------ "If We Agree To Disagree, Then We Can Remain friends"
Posts: 4727 | From: Elk Grove ( Sacramento )CA USA | Registered: Jun 2004
| IP: Logged |
UBBFriend: Email this page to someone!
Printer-friendly view of this topic
