Prime Rate Investors, Inc. Shareholders Receive Restricted Shares of National Hospitality Group, Inc. Wednesday December 8, 7:00 am ET
ST. PETERSBURG, Fla., Dec. 8, 2004 (PRIMEZONE) -- National Hospitality Group., Inc. (Other OTC:NHGP.PK - News) announces that on November 15, 2004, Prime Rate Investors Inc. shareholders were issued restricted shares of National Hospitality Group, Inc. common stock. These shares distributed in the spin-off in NHGP -- are restricted for 12 months -- and have been distributed to the relevant brokerage firms on the 15th of November, 2004.
``We anticipate that individual shareholders will receive these shares in approximately the next 6 weeks according to our stock transfer agent,'' stated Damian Guthrie, President of NHGP. Mr. Guthrie continued, ``We are pleased to have so many new shareholders in NHGP and we look forward to providing all the new and existing shareholders the opportunity to grow with our company.''
The 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. Matt Maguire 1-866 THE-APPLE
Value of SMALL independent TV stations are often underestimated.. We see the MAJOR network affilates that are mostly OWNED by media giants today and example of and OLD sleeping Giant was Sunbelt Broadcasting which OWN a local station naerwork affilate in las Vegas.. in 1990 they had 4 stations Boise Id, LV, NV, and two other in the southwest,, Vegas then had less than 1 million pop and was just about to mushroom,, the value of thagt station was about 50 million today with the pop of vegas and surrounding ares of pahrump, alamo, etc is approaching 2 million and mushroom future growth the value of ONe station is over 500 Million .. what we see with PRRM in the small TV stations arounf SKI areas in New england is the areas there are about to attempt to compete with the mega area of the Rockies, Vail, Park City, etc.. HUGH condo and time shares projects will convert these sleepy SMALL towns in MAJOR tourism area's as many baby boomers form the MAJOR metro area of NY and Boston move to retire in the smaller communities,, PRRM TV stations will grow and there affilliation with RSN is major.. if you go to the weather channel webb site and type in STOWE VT you get a PICTURE of the current snow on SNOW mountain.. that picture is being fed by STowe TV.. this is only an example of BEING of the future of PRRM tv stations.. eom
The word of the day is "SHARE". IF you truly beleive like I do that this company is now on it's way. Well then, take the time to share this jewel with your friends and fellow investors. I would have never known about this company had I not picked it up off the Qbid message board. I now own a sizable position. Just think...if everyone shared this stock with just 3 people and they shared it with 3 and I think you get the picture. The best thing we can do to help this young company is to simply get the word out. By all means though...if you don't believe in the company, you simply don't need to tell anyone. I do!!! Finally, Rick, you have done a excellent job with Micropennys. I signed up last night and would encourage all to visit his site and see the fine work that he has done. Good Luck to all and let's get the word out on PRRM on stock message boards today.
PRRM with 20billion shares is similar in shares to QBID, but CMKX with 500Billion shares is CRAPOLA!
PRRM should be able to reach at least .01 in my opinion and CMKX will likely trip over all of those shares!
QBID has the gay thing and that has attractivity to investors and advertisers who fancy that kind of thing. QBID, I agree has a nitch, but PRRM I believe owns more, and has the ability to do more and earn more money I believe. It would be nice to see an actual comparison of balance sheets between PRRM and QBID, but on the pinks we just have to use our imagination!
And that sure can get a stock ZOOOOOoooooooooooooooming! good luck!
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Glad to see you people here are still following the thread I started a few months ago. I started a site called micropennys and haven't had a minute to myself since. i took a trip to Stowe and met with the CEO and have posted on it and the slideshow here was put up by me also. Your in the right play if your an investor in this stock.
1. Its Cheep! 2. Theres actual employees working! 3. The CEO Dan Burgess actualy answers the phone! 4. The O/S, A/S, Float numbers are liisted at www.pinksheets.com 5. 3 aquisitions in 12 weeks as a public company! 6. A revenue generaterating contract to manage another TV station! 7. A strong shareholder base holding much of the float LONG! 8. All of the revenues are from subcidiaries that have been in buisness! 9. Its not a concept company, full of start-ups! 10. There doing buisness with the biggest networks there are! 11. Managment is actively seeking M&A targets with positive cash flow! 12. The market certainly see this company, its not just a hidden shell! 13. A $300. million project in Stowe, VT will grow custormer base! 14. The managment is smart and works well together! 15. All of the subcidiaries are located in high traffic and volume areas! 16. No fancy furniture and wasted revenue in there personal offices! 17. No $100.000 sports cars! They drive common SUVs and reg. cars! 18. They have the respect of there community! (I saw this 1st hand)! 19. They have an open door policy with shareholders! (Just ask)! 20. Managment has a strong desire to grow the company! 21. No pump PRs! Every one has had strong merits! 22. Company issues shareholder updates, answering questions from us! 23. Managment is setting goals for the future, % annual grow exc...! 24. Managment has stated publicly, That they have no plans for a RS! 25. Pink Sheets company with Long Term Growth investment prospects! 26. It has positive cash flow! 27. 25 out of the 41 billion O/S are restricted! 28. The general shareholder base is informed and comfortable with inv.! 29. M&A targets are being puchased with .0005 shares! Greater than PPS! 30. Managment has stated that they should release #s by end of Q1 05!
I'd bet there 100 more reasons we like PRRM as an investment, but I would guess that you get the general idea by now!
Cheers Rick
[This message has been edited by Allstocks (edited December 15, 2004).]
You have some good points, and I have read your posts at www.allstocks.com becuase I am a member of that chat as well and in fact I started the thread you are posting to over there (ricpick). I figure it this way, if what I post is gonna to cut and pasted all over the net I may as well join every large group and post it there my self. This gives me more visability, credit for my posts and a much larger view of what others think and what they are saying. From what I read most are very upbeat about PRRM and its future. Dan's doing the right things and in a timely way, and there isn't much more any shareholder can ask for than that. I'm not gonna go over the list here again, but things are moving forward at a rapid pace. Dan is also open honest and direct with shareholders. It doesnt get any better than this in the Pinks Market. I also have been doing this for many many years and have seen few who have taken this approach with shareholders. Fact is if more did, they would be so much better off! I mean what good is a good product if the company your trading has a sneaky, cheeting, lieing CEO. Thats just an obserservation of some of what I've seen and still see down here in the pinks. PRRM is like a breath of fresh air, because of the way they are going about things, and they will be very successful and very profitable if they stay this course for the long haul, and I personaly believe they will. Honesty is a mind set and you either are or you aren't! I spent 2 days in Stowe, for all the right reasons and I have first hand knowledge of how things are operating up there. What I saw and herd from Dan, and the others involved with PRRM makes me feel very safe with my investments. I have tried to relay as mush as I could here and many have read it and used it in there DD. Its all good kinda sums it up, I guess. The 1% buyback idea is a good one, but because PRRM is using restricted shares for acquisitions at this point. It would only be seen as a PR move and that is certainly not what Dan is looking for now or down the road. Dan told me staight and to the point that he wants PRRM to grow by adding value and profits and that this is what he believes will grow and maintain the PPS for the long term and I have to say that I 100% agree with his mindset on this. No fluff just real stuff! About getting the word out! This is a great stock and all of us who have done a little or a lot of DD on it see this. If I didn't like what I saw in Stowe I would have come back and told you all so and I would have sold my shares and moved on at that point. Thats just who I am. I with not rally behind something I don't believe in personaly just for my gain. That goes back to mind set as I said earlier. I seek out and find the right stocks to invest in because I dig into and under the company. As for how high the PPS will go, thats about value of assets and profits my friend, and there coming, I have no dought about that fact. I've seen with my own eyes just how hard people are working in this company to make things happen and the CEO is at the top of that list!
Sit back relax and enjoy the ride!
Cheers Rick
[This message has been edited by Allstocks (edited December 15, 2004).]
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Hey Ric or others, in your opinion how long before we see some movement. I been holding this one for months. I'm not going anywhere, I'm just not at predicting these things.
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from another board: Another interesting read:
NITE...
Many smaller broker-dealers who lack order execution market share (for one reason or another) channel their orders through NITE.
NITE and its closest order execution market share rivals can be viewed in the same light as the larger ECN's (Electronic Communications Networks) in terms of being funnels through which all and sundry so to speak pour their orders.
For the MM's in general it's about order flow. Buy side vs sell side. Bias. It's not about DD. The old 'know thy customer' routine. It's about order flow. The stock. The flow of orders. The bias and the associated volume. Not company fundamentals. Not PR's and such. It's about market fundamentals. About natural market forces with (as clock accurately states) a lot of self-serving MMM (MM manipulation) thrown in.
Pick an in-play OTCBB stock (from top 10 lists) and watch NITE closely. NITE will switch positions in the L2 stacks in accordance with order flow. A little buy side bias and NITE will move a little deeper into the ask stack ready to profit maximally. A strong buy side bias and NITE'll move much deeper. And on sell side bias NITE'll play the same game on the bid side. Order flow rules. And the MM's are extremely adept. Quick to react to any/all changes. But it's not a perfect world and depending upon each individual MM's motive(s) the other MM's might co-operate/collude or be at odds with. It just depends. An example being a massive volume S-8 in play (OTCBB). With one MM selling The others will be loathe to buy simply because until the S-8 plays out it'll be difficult to profit from long positions. There is a great deal of constant interplay that makes things a tad less than ideal at all times.
Let's consider what we saw recently with PRRM. Back when we were stuck in the cellar we saw a great many massive volume days and L2 couldn't have been uglier. Why? Because of order flow. Because of massive dumping from some source outside the company. And prior? Well we all know that it was prior management who brought us down to the cellar. Then what? Well we saw the dumping come to an end. Order flow changed. The MM's stopped feeding themselves and began reacting to the market. With the massive dumping at an end the as always strong buying at .0001 (no bid/.0001 ask) now represented buy side bias. So much so in fact that the inside bid was soon thereafter priced at .0001 and the ask at .0002. All caused by changes in order flow. And over the ensuing sessions L2 continued to strengthen (we all know the details) as buying at the ask strengthened. Changes in order flow continued. Then what? Well then came Dec. 7 with its 1.5 billion volume and the .0002/.0003 quote.
The MM's were overall long and they wanted to profit. PRRM was being watched closely. The fence-sitters were tense. We knew all we needed was a catalyst. Was the latest management agreement PR it? Well yes and no. On Monday Dec. 6 we saw a lot of activity at .0001 and then in the final hour there was a flurry at .0002. A flurry I made mention of in a post at the time. I saw that flurry as interesting. It made me wonder given the timing, the volume and the suddenness. Well that flurry continued at Tuesday's open. A flurry that mushroomed into what we witnessed. Courtesy of the management agreement PR? Well we have to remember that what we witnessed actually started on Dec. 6. I'll leave it there. What actually happened from my perspective was a buying flurry from some unknown source for some unknown reason mushroomed into a buying frenzy. The fence-sitters were tense and a domino effect set in. A domino effect that didn't get very far. Why not? Order flow. We just escaped the cellar. PRRM stock is just once again showing signs of life. The MM's are just gettin' their ducks in a row. That's point one. PRRM stock and its associated MM's have finished yawning and stretching and are now fully awake and ready for action. Dec. 7 saw .0003 and it could have seen much higher. The MM's were more than willing and still are. Check L2. But it didn't happen because of order flow. The buying was strong. The MM's were makin' money at .0002. But more was available at .0003 and order flow took us there and could have taken us higher had it not changed. But it did change. The .0002 bid was quickly overwhelmed. Many who simply wanted a double were gone. The buying continued at .0002 thereafter but was not and has not since been strong enough to take the quote to the next level or higher.
Many seeking a quick or not-so-quick double from .0001 are now gone. A blessing for the rest of us for sure. L2 did not and has not collapsed. The MM's are long. NITE is but temporary. Acting on behalf of many who will soon complete their business. From a trading perspective PRRM wants to go. Who (and why) started what we witnessed Dec. 7 I don't know. But it was all simply a tease compared to what's comin'. Far more retail positions are held at .0002 at this point than was the case pre-Dec. 7. Those seeking a double from .0001 are now fewer. L2 says the MM's are long. The fence-sitter numbers have increased thanks to the Dec. 7 exposure. We're closin' in on year end and stage one of the business plan continues. The buying will continue and NITE and the rest will react. .0001/.0002 ain't gonna last much longer. The writing's on the wall. There's a run in the making. Both the turtle and the hare are still in the race. Both very much alive and well.
PRRM stock has risen from the ashes and is in the process of sprouting wings. And the same can be said for the company behind that stock. In pennyland it's almost always a case of the story vs the stock. In PRRM's case we're lucky enough as shareholders to be part of a situation that's both story AND stock.
There's nothing to be gained from scuttling one's own boat by posting unfounded negative comments. The NITE situation ain't a mystery and is purely temporary. Just business as usual. The cellar boxing is over. It's time to take the stock to levels commensurate with overall interest, fundamentals, future value, improving company bottom line and such. And it'll be achieved courtesy of the fine efforts of both the turtle and the hare. Not just one or the other. The story (the turtle) AND the stock (the hare).
So let's post accordingly.
We all want to see green. And we will. Soon. It's what management wants too. It's what those holding the recently issued restricted stock want. It's what the MM's want. And others. How does one profit from a long position?
Everything's in our favor. On our side. Time to smile. Ask yourselves this...
Stage one implementation involves stock issued up to a .0005 ceiling. What would the situation be were we at a stable base of say .0007/.0008? If you were the acquisition targets how would you feel about .0007/.0008 vs .0001/.0002? And how 'bout that ceiling? Well it could be raised couldn't it? Would that be a good thing or a bad thing?
WE want to see higher average trading levels. Management wants to see higher average trading levels. Those holding the restricted stock want to see higher average trading levels. Those who will eventually hold restricted stock want/will want to see higher average trading levels. The MM's want to see higher average trading levels. The fence-sitters... . Do you see it?
On Dec. 7 or shortly thereafter Rick contacted Dan by phone to tell him that shareholders were pleased with what they saw. Dan reacted accordingly.
On this one it's both story AND stock. Let's post accordingly.
posted
You hit the nail on the head. PRRM is ready to explode and when NITE gets through playing with it, it is heading north. I was fortunate to get 2 million shares and will add to it in the next 2 weeks. 0.0002 is a steal. I am surprised that no one has been arrested yet. Ha!. The management at PRRM is going places and I want to be on that train. It is loading up at the station and getting ready to push ahead. All the tracks will be torn up behind it so there will be no backing up. Get on the train folks. Dan and company have a long range vision and it will be completed one step at a time. Go PRRM!
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You're right. What we need now it is a steady climb. PRRM offer this possibility. Good management. Good plan. What else? Some acquisition in the basket.
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sometimes going onto the allstocks website is the deciding factor after alittle dd for the stock i may pick up. thanks for makin the decision that much easier.
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