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Welcome to the board. Great folks here. As for PRRM, I would be scared. They have a thread on this page you can read. It hasn't moved in a half year and it was hyped several times with billion plus in volume yet still didn't move. I think you would be best served with another choice. They went to Subway to pump this week. Usually means dilution. Best of luck.
Ric
-------------------- Invest with your brain not with your heart.
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I just called Dan. We had a long talk, He was very upbeat like always. Just a little over 22 billion float, plus the restricted.They have around 50 employes. Stockli deal to close real soon, he could not give an exact date. Expect a LOI for skiershop real soon also. I ask him about the institutions buying, and he said he had been contacted by 7 or 8 institutions that they had taken a position in PRRM. He was talking so fast, I did recognize one name that had taken a position and that was Schwab. And as always, NO REVERSE PLANS and COMPANY IS NOT SELLING SHARES. If I think of anything else I will post it.
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February 24, 2005 10:14 AM US Pacific Timezone
Prime Rate Investors, Inc. Subsidiary Contracted by Nickelodeon
WILLISTON, Vt.--(BUSINESS WIRE)--Feb. 24, 2005--Prime Rate Investors, Inc. (OTC.PK: PRRM) announced its subsidiary High Angle Media, Inc., a video production company, has been contracted to film for Nickelodeon's Game and Sports channel (Nick GAS), the only cable broadcast and Dish Network channel designated to games and sports for kids. Nick GAS will broadcast Burton Snowboards' "Burton Prorider Sweepstakes Payoff," and High Angle Media will cover the event at the Burton factory in Williston, VT, in addition to action snowboarding segments at Stowe Mountain Resort in Stowe, VT. "We are most encouraged by the fact that major networks are increasingly reliant upon High Angle Media services when creating outdoor sports related programming," said High Angle Media Production Manager Pierce Williams. For more information on Nick GAS, visit http://www.nick.com/all_nick/gas/index.jhtml.
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. Its wholly owned subsidiaries include Stowe TV-10, and Adirondack TV-33, RSN affiliated cable broadcast companies and High Angle Media, Inc., a video production company that also manages two other RSN affiliates, Sugarbush TV-12 and Smugg's TV-9.
Company contact: Dan Burgess: Telephone: 802-253-0199 FAX: 888-607-9495 http://www.prrm.us E-mail: info@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.
Contacts
Prime Rate Investors, Inc. Dan Burgess, 802-253-0199 FAX: 888-607-9495 E-mail: info@stowetv10.com
-------------------- Be Careful Of The Toes We Step On Today, They Could Be Attached To The Butt We Have To Kiss Tomorrow
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Well, considering their alreay @0001 I don't think dilution matters all that much at this point. At 0001, I think its great they have Subway to pump the stock. Subway is being paid with 0001 shares so they want to make money. As long as there are no RS plans (hopefully) then the risk is minimal, you'll just have your money tied up until it moves.
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Not even news, that joining forces with Nic. can make this move 1 friggen tick. Another 600 million sold, dont know the figures but the average over the past week has got to be over 500 million a day? The company says they are not diluting?? I am starting to become a "unbeliver" of these guys. Like I said "SOMETHING IS WRONG"
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