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Author Topic: DD on PRRM Called the CEO tonight!
Love the Market
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Hi Guys -

Question: I see all bids are .0001 now. Can I get filled at that price? There is one MM on ask at .0002 and then 9 @ .0003

Also - IF I buy - either at .0001 or maybe .0002 - Can I SELL it if I want to...or will it be a situation like CMKM or the old GTWY were most of the time; you could Buy - but Never Sell?? I don't want to be tied up in a pink too long.

Thanks in Advance,
Steve


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Spinoff
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got a 40 count order in @ 1 BABY....i'll letcha know if it goes
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Spinoff
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Nope didn't get in, but order's still open GTC so maybe.
Rickpic do can you see how many went through @ .0001?...it was there for a while.
Thanks.
Spin

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Love the Market
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Thanks Spinoff
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rickpic
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didn't count but I would guess under 15m went though at .0001 and the end of the day action took WIEN off the ask at .0002 leaving us at .0001 x .0002 again!

Rick


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It may be in your best interest to read the posts to RB on this stock from this evening and today by Invcorp and myself!

Rick


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Spinoff
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Thanks Rickpic - Yep read most of that thread. I hope that dude does send some work PRRM's way. Man some of those guys on RB are cute throat eh', but it seems like you have good facts to counter their blows. Keep it up ! Do you recommend others to join that thread or is it best just to view it from time to time?
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Reading RB is sometimes informative but unless you wish to spend hour defending your position, your better off not posting to it!

Rick

PS OUR CEO waisted no time at all talking to this guy about new loan prospects, and I believe they will be sitting down together real soon!

[This message has been edited by rickpic (edited August 25, 2004).]


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Closed at .0003 and a new MM jumped in after hours PHSG
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Tamie
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what does that mean ric?
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rickpic
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could have ment a new buyer but the MM jumped right back out

Rick


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Golf57
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quote:
Originally posted by rivercity:
ric what is the last day to buy to be eligible for 10/1 split... would this be sept.1st.. thanks rivercity

I think you missed read the news regarding the foward split. It's not 10 shares for every 1 you own. It's, for every 10 shares you own you get 1 extra share.


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Love the Market
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Rick - Can you please post the Direct link to the RB thread? If you try typing it in normally over there - it goes to a Lycos Quote page like CDVJ and others do.

Thanks,
Steve


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David from Quaker State Mortgage Corp./ Quaker Capital Corp. a private Direct Lender of Hard Money Mortgages is putting together several packages of $100k to $300K Hard Money loan request, that his company recieved from individuals and buisnesses in Florida, and sending them to PRRM (Richard Astrom) in hopes of forming a relationship between the 2 companies and also because these loans are smaller than Quaker State usualy handles. This could mean pretty good news for us!
In another note , while David was on R.A. yesterday, R.A. had called him back from a site that he was doing an inspection on, which could mean another closing is coming real soon! Site inspections are usualy done after terms have been agree to by the lender and the mortgagee!
The split is getting closer here. Only 4 days of trading left to grab those 10% free shares and this company is in fast forward as far as, moving forward with the closings and even the LOI that I now believe will be of a Vermont Broker.

Good Luck
Rick

PS you can thank me for my quick call to R.A. about this possible relationship with Quaker later!


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rickpic
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quote:
Originally posted by Love the Market:
Rick - Can you please post the Direct link to the RB thread? If you try typing it in normally over there - it goes to a Lycos Quote page like CDVJ and others do.

Thanks,
Steve


if you have any boards save from RB just type in PRRM in the box at the top of your saved board there, sorry but I wont post the link here!

[This message has been edited by rickpic (edited August 25, 2004).]


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Love the Market
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Thanks for responding so quick Rick!

It doesn't work for me that way. No big deal. I have 3 RB threads saved, and when I type PRRM in that box at the top - I get Lycos' Quote.com

Not the end of the world though. I've known you a year next week and trust your judgement! Too bad we can't trust the Red Sox, although them and the Marlins down here are back in Wild Card hunt.


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EDDIE138301
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Love the market,

put PRRM in the box at the top, and ask for the quote, not the message board. when the quote comes up, you will see the message forum box under the quote. click on that and you will get the prrm message board. save it in favorites and it will always come up.


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quote:
Originally posted by Love the Market:
Thanks for responding so quick Rick!

It doesn't work for me that way. No big deal. I have 3 RB threads saved, and when I type PRRM in that box at the top - I get Lycos' Quote.com

Not the end of the world though. I've known you a year next week and trust your judgement! Too bad we can't trust the Red Sox, although them and the Marlins down here are back in Wild Card hunt.


Even the Patriots sucked up some turf last weekend! Thats My team! Thanks for understanding about the link!


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Spinoff
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Here's my thank you now
quote:
Originally posted by rickpic:
David from Quaker State Mortgage Corp./ Quaker Capital Corp. a private Direct Lender of Hard Money Mortgages is putting together several packages of $100k to $300K Hard Money loan request, that his company recieved from individuals and buisnesses in Florida, and sending them to PRRM (Richard Astrom) in hopes of forming a relationship between the 2 companies and also because these loans are smaller than Quaker State usualy handles. This could mean pretty good news for us!
In another note , while David was on R.A. yesterday, R.A. had called him back from a site that he was doing an inspection on, which could mean another closing is coming real soon! Site inspections are usualy done after terms have been agree to by the lender and the mortgagee!
The split is getting closer here. Only 4 days of trading left to grab those 10% free shares and this company is in fast forward as far as, moving forward with the closings and even the LOI that I now believe will be of a Vermont Broker.

Good Luck
Rick

PS you can thank me for my quick call to R.A. about this possible relationship with Quaker later!



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This has been getting a lot of news. Watch for possible spike for terrific gain......

PRIME RATE INVES (Other OTC:PRRM.PK) Quote data by Reuters

Last Trade: 0.0001
Trade Time: Sep 3
Change: 0.0001 (50.00%)
Prev Close: 0.0002
Open: 0.0003
Bid: N/A
Ask: N/A
1y Target Est: N/A

Day's Range: 0.0001 - 0.0003
52wk Range: N/A - N/A
Volume: 70,071,320
Avg Vol (3m): 0
Market Cap: 0
P/E (ttm): 0.00
EPS (ttm): N/A
Div & Yield: N/A (N/A)


Prime Rate Investors Inc -PRRM- Hurricane Disaster Loan Program Initiated
Friday September 3, 8:22 am ET
Forward Split - Stock Certificate Mailing Being Processed


CORAL GABLES, Fla.--(BUSINESS WIRE)--Sept. 3, 2004--Prime Rate Investors, Inc. (Pink Sheets:PRRM - News) announces that it has initiated a Hurricane disaster loan-mortgage program for business owners whose businesses will be interrupted by Hurricane Frances. Hurricae Frances is expected to be the largest hurricane to ever hit the State of Florida. Tampa Bay Mortgage Solutions Inc, a wholly owned subsidiary of Prime Rate, is based in Tampa, Florida. After the storm passes the company will look for businesses and companies that need quick, "Hassle free equity loans". Richard Astrom, President of Prime Rate said: "The plan is to give financing to bridge the gap between the disaster and the insurance funding, or to fund the underinsured business." Applications are being processed by fax at 305 666 3994.
Recently the company has: funded the Royal Arkansas Hotel and Suites; retained Windsor Capital, located in New York City, to find a merger candidate in the Northeast U.S.; funded a $200,000 Mortgage in Stowe, Vt.; The company is in discussions to acquire a mortgage company in the the Stowe-Burlington, Vt area.

A forward stock split (owners of 10 shares get 1 share extra) has been approved by the board of directors and was effective September 1, 2004 and the stock issuances are being processed by the transfer agent.

Prime Rate typically lends thru its subsidiary Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The specialty of the company is "hassle free hard equity loans".

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 company has a web site http://www.prrm.us

------------------------


Prime Rate Investors Inc -PRRM- Sept 1, 2004 Effective Date, Shareholders of Record to Receive 1 Share Extra for Each 10 Shares Owned
Tuesday August 31, 8:00 am ET


CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 31, 2004--Prime Rate Investors, Inc. (Pink Sheets: PRRM - News) announces that a forward stock split (owners of 10 shares get 1 share extra) has been approved by the board of directors and will be effective to owners of record on September 1, 2004.
Prime Rate Investors, Inc. owns Tampa Bay Mortgage Solutions, Inc. Prime Rate typically lends thru its subsidiary Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The specialty of the company is "hassle free hard equity loans".

The company has funded the Royal Arkansas Hotel and Suites and has been paid closing costs. Mortgage interest rate is 18%.

Last week the company funded a $200,000 Mortgage in Stowe, Vt. thru it's subsidiary Tampa Bay Mortgage Solutions, Inc. with an interest rate of 18%. The company is in discussions to acquire a mortgage company in the the Stowe-Burlington, Vt area.

PRRM has also retained Windsor Capital, located in New York City, to find a merger candidate in the Northeast U.S. Prime Rate is looking for a "hard money equity " mortgage lender in the Northeast that also lends with a maximum 70% loan to value.

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 company has a web site http://www.prrm.us

--------------------------------


Prime Rate Investors Inc. Forward Split Set for Sept. 1, 2004
Monday August 30, 8:01 am ET
Has Funded Hotel Acquisition, Retained Windsor Capital for Merger
Has Funded Stowe Vermont $200K Mortgage; Owns Tampa Bay Mortgage Solutions Inc


CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 30, 2004-- Prime Rate Investors, Inc. (Pink Sheets:PRRM - News) announces that it has funded the Royal Arkansas Hotel and Suites and has been paid closing costs. Mortgage interest rate is 18%.
PRRM has also retained Windsor Capital, located in New York City, to find a merger candidate in the Northeast U.S. Prime Rate is looking for a "hard money equity" mortgage lender in the Northeast that also lends with a maximum 70% loan to value.

A forward stock split (owners of 10 shares get 1 share extra) has been approved by the board of directors and will be effective September 1, 2004.

Last week the company funded a $200,000 Mortgage in Stowe, Vt., through its subsidiary Tampa Bay Mortgage Solutions, Inc. with an interest rate of 18%. The company is in discussions to acquire a mortgage company in the Stowe-Burlington, Vt., area.

Prime Rate typically lends through its subsidiary Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The specialty of the company is "hassle free hard equity loans."

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 company has a Web site: http://www.prrm.us.

----------------------------------


Prime Rate Investors Inc. $200,000 Mortgage Placement Stowe/Burlington, VT, Forward Split Set For Sept. 1, 2004
Tuesday August 24, 8:00 am ET


CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 24, 2004--Prime Rate Investors, Inc. (PRRM) (Pink Sheets:PRRM - News) announces that it is funding a $200,000 Mortgage in Stowe, Vt. through its subsidiary, Tampa Bay Mortgage Solutions, Inc. Richard Astrom President said: "We are extremely enthusiastic about the Stowe/Burlington area and we are in discussions to open a Loan Production Office in Stowe/Burlington, Vt. There does not appear to be any competition in Stowe for our hard-money equity loan product and the real estate market is very strong due to the Stowe Mountain Ski Resort's $250,000,000 expansion." The mortgage placement will earn 18 percent interest for the company. Prime Rate typically lends thru its subsidiary, Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically, term is 1 to 2 years. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The specialty of the company is "hassle free hard equity loans."
A forward stock split (owners of 10 shares get 1 share extra) has been approved by the board of directors and will be effective September 1, 2004.

PRRM has retained Windsor Capital, located in New York City, to find a merger candidate in the Northeast U.S. Prime Rate is looking for a "hard money equity" mortgage lender in the Northeast that also lends with a maximum 70% loan to value.

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 company has a web site: http://www.prrm.us

-----------------------------------


Prime Rate Investors Inc., PRRM: Funding Hotel Acquisition
Tuesday August 17, 8:01 am ET
Retained Windsor Capital for Merger
Forward Split Set for Sept. 1, 2004
Owns Tampa Bay Mortgage Solutions Inc.


CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 17, 2004--Prime Rate Investors, Inc. (Pink Sheets:PRRM - News) announces that it is funding the Royal Arkansas Hotel and Suites and has been paid closing costs.
PRRM has also retained Windsor Capital, located in New York City, to find a merger candidate in the Northeast U.S. Prime Rate is looking for a "hard money equity" mortgage lender in the Northeast that also lends with a maximum 70% loan to value.

A forward stock split (owners of 10 shares get 1 share extra) has been approved by the board of directors and will be effective September 1, 2004.

Prime Rate typically lends through its subsidiary Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. A typical term is 1 to 2 years. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The specialty of the company is "hassle free hard equity loans."

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 company has a web site http://www.prrm.us.

----------------------------------------


Prime Rate Investors Inc. Has Been Paid Closing Points and Has Received Final Funding Request for Hotel, Forward Split Set for September 1st
Monday August 9, 8:01 am ET


CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 9, 2004--Prime Rate Investors, Inc. (Pink Sheets:PRRM - News) announces that the company has received final funding request for closing from Royal Arkansas Hotel and Suites and has paid Prime Rate Investors its fees for funding. Closing is set for August 27. The mortgage loan is a draw on the $2,000,000 credit line and is at 18% interest. Richard Astrom, President of Prime Rate Investors, said, "We are excited to make the loan as we consider it to be a prudent and profitable investment." The hotel consists of 200 units and it attached to the Pine Bluff, Arkansas Convention Center. The hotel and Convention Center are across the street from the City of Pine Bluff City Hall. The convention center is owned and operated by the City of Pine Bluff Arkansas. Bob Purvis, director of the Convention Center, said, "We are excited to have new ownership in the hotel as they are experienced hotel operators, and they are bringing new and fresh ideas to the hotel and Convention Center." Prime Rate typically lends through its subsidiary Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years.
Board of Directors has approved a resolution for the forward split of the common stock of the Company by unanimous written consent of the Board of Directors whereby every holder of 10 shares of common stock shall be entitled to an additional one share of capital stock. The effective date of this forward split shall be September 1, 2004. The shares will be mailed directly to the owners of record by Signature Stock Transfer Inc. approximately one week after the September 1st effective date.

The company owns Tampa Bay Mortgage Services, Inc. in Tampa, Florida, which 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 and investors. 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.

-------------------------------


Prime Rate Investors Inc. Announces Hiring of Mergers & Acquisitions Firm to Seek NE Regional Mortgage Company for Acquisition
Monday August 2, 8:02 am ET


CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 2, 2004--Prime Rate Investors, Inc. (Pink Sheets:PRRM - News) announces that the company has retained Windsor Capital of 82 Wall Street, Suite 1107, New York, N.Y. to search for a prominent, regional "hard equity" mortgage company located in the Northeast section of the US. Windsor Capital is a merger and acquisition firm specializing in financial services companies in the Northeast. "The company realizes that the time is perfect for growth and expansion in our market as interest rates are rising, which makes our rates more affordable to our borrowers," said Richard Astrom, President of PRRM. Prime Rate lends through its subsidiary Tampa Bay Mortgage Solutions, Inc. lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years.
Board of Directors has approved a resolution for the forward split of the common stock of the Company by unanimous written consent of the Board of Directors whereby every holder of 10 shares of common stock shall be entitled to an additional one share of capital stock. The effective date of this forward split shall be September 1, 2004. The shares will be mailed directly to the owners of record by Signature Stock Transfer Inc. approximately one week after the September 1st effective date.

The company owns Tampa Bay Mortgage Services, Inc. in Tampa, Florida which 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 and investors. 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

-----------------------------------


Prime Rate Investors Inc-Tampa Bay Mortgage Services, Inc. Announces Placement of an Additional $1,000,000 to Revolving Line of Credit
Wednesday July 7, 8:01 am ET


ST. PETERSBURG, Fla.--(BUSINESS WIRE)--July 7, 2004--Tampa Bay Mortgage Services, Inc, a wholly owned subsidiary of Prime Rate Investors, Inc. (Pink Sheets:PRRM - News) 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 - News), 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

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http://stockcharts.com/def/servlet/SC.web?c=prrm,uu[m,a]daclyyay[pb50!b20][vc60][iUb14!La12,26,9]&pref=G

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You Must Adapt To Your Opportunities And Weaknesses. You Can Use A Variety Of Approaches And Still Have A Consistant Result. - Sun Tzu, "The Art Of War"

Do Da Due.....But Be Damn Quick About It. - Dardadog, "Da Art Of Daytrading"


DaDog


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rickpic
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Nice job gathering up all the PR Dardadog. Im still sitting on 47.8 million here.

Rick


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PRRM closed @.0001 on last friday and even though the tape was painted red and that was the only trade @.0001 all afternoon on the stock! Lets use that as the basis for figuring the market cap on PRRM. As of Wednesday the CEO Richard Astrom quoted the O/S as 2 billion shares and that would leave a market cap of $200.000.00 . Now lets look at what the company has been doing lately. First of all, back on 6/9/04 a 504 was filed that authorizes $1m in shares to be issued. Thats three months ago, and 7+ billion shares have traded back and forth since then. Given this information, I would have to guess that a large amount of the $1m in shares has been issued if not all of them! For the sake of argument I going to use 50% as the amount issued at this time. That equals $400k if all of those shares were sold @.0002 . Lets step back and look at the trading history since 6/9/04! From 6/9 thru 6/21 traded 9.8m shares all above .02 or $196k how much of that went to the 504? Then from 6/22 thru 6/24 PRRM traded 27m shares all over .01 or $270k more, how much of this was 504 shares? From that point on PRRM has traded below .01, but from 6/25 thru 7/13 traded 77m shares all above .005 or $385K how many of these were 504 shares? That a minimum of $851K in shares traded from 6/9 thru 7/13 half or better I would guess were sold as 504 shares and applied to the $1m 504 filing or $424K paid to PRRM! After this point the volume goes up huge and the PPS falls all the way to .0001 on this past Friday!
mm WIEN has total control over the issueing of these 504 shares to raise the $1m so that PRRM can fill incoming requests for hard money loans from within @18% interest. Some 6.9+ billion shares have traded all at below .005 and most at below .0004 since 7/13 and that my friends is where the MM fun begins. WIEN has been flippin those shares over and over again, in an attempt to run the PPS all the way to .0001! Why? I have watched this stock daily and followed the volume since it was .01 and almost ever single day 50% of the volume sells at one price and then 50% of the days volume trades at one click lower or higher depending on how the early trading was and weather it was high or low! I went as far as to start calling the amount of shares that needed to trade before the MMs would shift and I have called that many times withing 1-2m of the shift! The manipulation by WIEN and his sometimes cohort NITE is as plain as the nose on my face!
Now lets look at what the company has done over the last 3 months!
They acquired a Tampa based Hard Money Brocker.
They have closed on $3.2m in loans at 18% plus closing costs of 4-8 points.
They have hired a well known firm in NYC to help procure another acquisition of yet another Hard Money Broker.
They have announced plans to possibly acquire a Vermont based Hard Money Broker.
They have issued a 10 F/S dividend to all shareholders of record on 9/1!
They have $7m in solid leads towards furture loan closing!
Last but not least I have personaly spent 2 hrs on the phone with the CEO Richard Astrom and I trust that he is not letting grass grow under his feet in the attempt to agressivly persue many, many more 15-18% Hard Money Loan Closings in the near future!

Whats my stake and why am I following this stock so closely? I own 48 million shares and plan on holding all of them till the market sees the potential here


Just add up the interest on the $3.2m and add $1m to that from the 504 and see what you give PRRM as a base value! Is it still a market cap of 200K?

Do your own DD and call the CEO so that you can form your own opinion here.

Good Luck
Rick

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If you hold 10m plus shares of PRRM please LMK I will be requesting a cert call from all large holders of PRRM stock, and Im hoping that it can be done by all large holders at the same time! I have 48 million shares to request a cert on at any given time!

Thanks
Rick

go to RB PRRM thread for contact info Post #2156


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CERT CALL! Request your certs on PRRM!

2 billion O/S and 7+ billion traded over 1 1/2 months, who do the MMs and brokers think they are fooling here!

If you have a margin account your certs are sellable at any time and forward them later and if you don't its just a matter of a bank stamp and an overnight envelope to get them back to market if you choose!

Rick


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this is a must read if you wish to understand my reasoning for a cert call!
http://tinyurl.com/4lwpz

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Prime Rate Invs Inc     (OTHER OTC: PRRM) Last Update: 7:53:00 AM ET Sep 7, 2004  
 
Prime Rate Investors Inc -PRRM- Hurricane Disaster Loan Program Initiated; Applications Being Reviewed

CORAL GABLES, Fla., Sep 7, 2004 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (Pink Sheets:PRRM) announces that it has initiated a Hurricane disaster loan-mortgage program for business owners whose businesses have been interrupted by Hurricane Frances. Hurricane Frances is said to be the largest hurricane to ever hit the State of Florida. Tampa Bay Mortgage Solutions Inc, a wholly owned subsidiary of Prime Rate, is based in Tampa, Florida. After the storm passes the company will look for businesses and companies that need quick, "Hassle free equity loans". Richard Astrom, President of Prime Rate said: "The plan is to give financing to bridge the gap between the disaster and the insurance funding, or to fund the underinsured business." Applications are being processed by fax at 305 666 3994.

Recently the company has: funded the Royal Arkansas Hotel and Suites; retained Windsor Capital, located in New York City, to find a merger candidate in the Northeast U.S.; funded a $200,000 Mortgage in Stowe, Vt.; The company is in discussions to acquire a mortgage company in the Stowe-Burlington, Vt. area.

A forward stock split (owners of 10 shares get 1 share extra) has been approved by the board of directors and was effective September 1, 2004 and the stock issuances are being processed by the transfer agent.

Prime Rate typically lends thru its subsidiary Tampa Bay Mortgage Solutions, Inc. and lends 70 percent of the value of property at rates of 15 percent per year, plus points. Typically term is 1 to 2 years. The company specialty is acquisition financing, construction loans, and lines of credit for builders and investors. The specialty of the company is "hassle free hard equity loans".

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 company has a web site http://www.prrm.us


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bloodynri
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does anyone know why the volume just shot up by more than 100 million?


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legal1082
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If I had to take a guess, I would attribute the rise to the article on the front page of the Wall Street Journal. It talks about the insurance companys not wanting to keep insuraning and also trying to bail on their coverage of people after these two storms in Florida. Since this is a Tampa based company....
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qnique
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Ok I just bought 1 mill shares of this. What are u guys opinions on what this stock might do in the short-term future
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.0003 NOW THAT's WHAT I'M TALKIN ABOUT!!! call it whatcha will, but at least it has movement GO PRRM!!!
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mike7131_99
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All this volume and I cannot get 10 Million filled @.0001 I see trades going through at that price but I must be last in line.
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bloodynri
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i have a question. If i execute a market order when the price shows 0.0001 what price would the order be made?
i remember once CMKX showing 0.0001 and i sold on market order and it sold at 0.000075.

(this was in the days when CMKX was notriously hard to get rid of)


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mike7131_99
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If possible never ever place a market order in penny land. Say for instance PRRM which right now is trading @.0001 if you would put in a market order to buy your order would probably go through at .0003 and if you sold with a market order it would probably go through at .00008 or something around there. You just have to watch out because the MM's like to play games with us investors. Good Luck
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legal1082
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The beginning of the Wall Street Journal Articles. I thought it was very relevant to this stock and the PR's they have been putting out since the hurricanes.

Florida Faces New Insurance Reality

As Floridians begin picking up the pieces from another devastating hurricane, many are also discovering the effects of a decade of maneuvering by insurance companies and state officials that has dramatically reduced the obligations of private insurers to pay for the impact of catastrophic storms.


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Anyone doughting a short here, can try and find anyone who bouht @.0001 today as 500 million shares traded at that PPS! Im reading 8 different boards and not one person has stepped up to say that they got even one share @ .0001!
If your holdin a large position here order up your certs and hang in there!

Rick


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