posted
Well Ric, considering that I started this thread, I suppose you are calling me a paid pumper. Good one. Tool.
I have never claimed this is the best stock in the world, over and over I have warned people to be cautious and have suggested that, if you are willing to take a chance, PRRM might be worth investing a small amount in. NEVER have I suggested this, or any other stock, is a sure winner. My investing style is generally pretty contrarian. I like to invest in down on their luck companies that every one else has cast off because they, like you, think they know everything, and stay away from it. Every stock has some "value" attached with it and I still think .0001 for PRRM is low, and all your dilution talk will not change things. The truth of the matter is that almost every growing company engages in some form of dilution because, as a growing company, they have no other way to raise money. Sometimes, as with THTHF, they are never able to dig out of the hole, but the company is not looking to screw its shareholders.
posted
if true-we are set- PRRM-fox bears and bulls-must read and link inside---- Re: [PRRM2] PRRM mentioned on Fox News Show "Bulls and Bears"
I am not kidding........I recorded it (Thank God for TIVO)....and I saw it this morning and almost choked on my bacon and eggs when I heard him say it.
His exact words were
"Brenda, they are all gonna think I'm crazy but Prime Rate Investors is primed for a breakout really soon...they are making some smart moves to acuire revenue through aquistion and my guess is within a couple of months were are looking at something really great."
It was the greatest 30 second segment of my life.......
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posted
I am not accusing RIC of being a basher, I truly think he does not believe in this stock--which is fine, he is entitled to his opinion--and there is a reason why he feels that way. Here are two links to help everyone understand why this (and other stocks) can go so high and then so low, on no news, and why my so-called "pumping" of this stock does not make sense (because pumpers pump when the stock is doing well--and do so in groups--then leave it for dead, just as they have turned to shorting the stock and creating fear for people to cut their losses)
Thanks to Justplayin who posted these links in a different thread.
posted
Nope, I am not. I think your a pretty good guy there.
quote:Originally posted by Cashmaker: Well Ric, considering that I started this thread, I suppose you are calling me a paid pumper. Good one. Tool.
I have never claimed this is the best stock in the world, over and over I have warned people to be cautious and have suggested that, if you are willing to take a chance, PRRM might be worth investing a small amount in. NEVER have I suggested this, or any other stock, is a sure winner. My investing style is generally pretty contrarian. I like to invest in down on their luck companies that every one else has cast off because they, like you, think they know everything, and stay away from it. Every stock has some "value" attached with it and I still think .0001 for PRRM is low, and all your dilution talk will not change things. The truth of the matter is that almost every growing company engages in some form of dilution because, as a growing company, they have no other way to raise money. Sometimes, as with THTHF, they are never able to dig out of the hole, but the company is not looking to screw its shareholders.
-------------------- Invest with your brain not with your heart.
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posted
Cash, I have some close friends that I talk to in IM's about investing. They were lured into this back when it ran last summer only to flood the market with shares as so many others have done. One of them did the cardinal mistake of putting in more money then he could afford to lose. That is his fault but still even after it was dropping the same poster keep the dream alive. I have even been attacked be a few people that thought that I was him and they have lost thousands of dollars. Still its your money and your fault for not doing dd. But the problem here is that its seems to be a good company except that it has a huge dilution problem. If you can give me one company besides cmkx, which dropped like a rock as quick, that moved with over 25 billion in float while still diluting. I might change my feeling about it running. The only good thing I see here is that cmkx may fail and if it does there might be a huge influx at once that could move this but until the float is addressed it will go back to .0001. Good luck and I hope that influx happens. I know many that really need this to happen.
Ric
-------------------- Invest with your brain not with your heart.
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Like I said before, you are entitled to your opinion, and it does make sense, but, if this company can become profitable, the share price will move. I'll get back to you with some examples, but I am busy pretending to do my day job.
posted
There is no proof right now of this Bulls & Bears rumor. If you go to foxnews.com , you can get a transcript of the show from this weekend. NOWHERE does any guest mention PRRM in the transcript.
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I can't find a good way to search both number of shares outstanding, shares authorized, and pps, in an efficient manner. So, for now, I will assume you are correct that it is indeed a rare phenomena that a company with 45 billion shares (and 100 billion authorized) will make a run.
Nonetheless, I still don't see the problem with taking a chance ($50-$250 bucks) on this stock, if you can get in at .0001 (depending on the commissions you usually pay).
Why?
Assuming 100,000,000,000 total shares (the authorized amount and the WORST case scenario for maximum dilution) the market cap would still only be 1 million dollars, which is a reasonable total value for this company. Also, if it doesn't pan out, you could still sell your shares for what you bought them for (.0001) and you are only out whatever your commision would be (in my case 8.95 x 2). In the mean time I will reevaluate this company, and if it looks like the new mangement is full of it, and is not committed to increasing shareholder value, then I got hoodwinked out of $17.90. This, in my opinion, is not that bad of a downside, and is a hell of a lot better than buying an overinflated stock that you get suckered into and end up losing 95% of what you paid for it. If, by chance, this ends up making any type of run, the upside is huge.
posted
By: R.J.Trotts 14 Mar 2005, 02:55 PM EST Msg. 30148 of 30161 Jump to msg. # Ok I talked to Dan this morning. We talked about the dilution. And he said that the selling is about done. It should be all completed by the time the share structure announcement gets out. And that the dilution would not take much longer at all. The problem is when Dan bought this shell PRRM...it had some debt, that debt was converted into stock to sell, and that is where the dilution is from. This is NOT the company selling, but the OLD owners of this shell. IMO ONCE this dilution is done, the MM will be forced to move the bid and ask up. Dan hoped that the conversion would be done at a HIGHER rate, but it is done here at present level...0001, so that is why the o/s has grown over the past several months!! And another point he made...is that the revenues will be nice, but the property is counted as assets. This company is growing at a very rapid pace. Another thing he said is that the LOI's are coming together very nice. No time frame on the completion of any of them. But he was very sure they would close each of them. The magazine does about $200K for your information. And the skiershop real estate, is a nice peice of property. The stockli location, is also in a prime location. So as far as revenues, we should expect $3-4M, and the property is worth about half of that. So with those numbers in mind, times a mulitple of 20...well you do the math...we have a higher PPS. And one other point Dan said...this is Pink Land, and the valuation of a company USUALLY grows out of control, and PPS rises to UNseen before prices. This is pinkland, anything is VERY possible!! - - - - - View Replies »
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quote:Originally posted by eddy: if true-we are set- PRRM-fox bears and bulls-must read and link inside---- Re: [PRRM2] PRRM mentioned on Fox News Show "Bulls and Bears"
I am not kidding........I recorded it (Thank God for TIVO)....and I saw it this morning and almost choked on my bacon and eggs when I heard him say it.
His exact words were
"Brenda, they are all gonna think I'm crazy but Prime Rate Investors is primed for a breakout really soon...they are making some smart moves to acuire revenue through aquistion and my guess is within a couple of months were are looking at something really great."
It was the greatest 30 second segment of my life.......
quote:Originally posted by eddy: if true-we are set- PRRM-fox bears and bulls-must read and link inside---- Re: [PRRM2] PRRM mentioned on Fox News Show "Bulls and Bears"
I am not kidding........I recorded it (Thank God for TIVO)....and I saw it this morning and almost choked on my bacon and eggs when I heard him say it.
His exact words were
"Brenda, they are all gonna think I'm crazy but Prime Rate Investors is primed for a breakout really soon...they are making some smart moves to acuire revenue through aquistion and my guess is within a couple of months were are looking at something really great."
It was the greatest 30 second segment of my life.......
From: ivalerio31 Date: Mon Mar 14, 2005 9:27 pm Subject: Re: [PRRM2] Re: PRRM mentioned on Fox News Show "Bulls and Bears"
I read the transcript too. It was at the end of the show...like the last minute..it was like she had a minute to kill and she asked what people were watching and looking out for in the near future.
It was just a quick comment about it like I said before. There wasn't a total discussion about the company or stock like they did with the others throughout the program.
Will wrote:
Could you at least clarify where in the recap you would place that comment? They haven't transcript it...
quote:Originally posted by eddy: thoughts?-this was on the yahoo board------- Date: Mon Mar 14, 2005 9:07 am Subject: PRRM mentioned on Fox News Show "Bulls and Bears"
In the closing arguments on the show "Bulls and Bears" on Fox News Channel, this past saturday, host Brenda Buttner ask the guest for any predictions and one of the guest mentions PRRM for a potential breakout within the coming months.
Just thought you would all want to know.....
Could not find any evidence of this on FOXNEWS.com
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posted
Dan has said all along that the outstanding should be around 55 bil. to 65 bil.counting the float and restricted, after phase one is done, which phase one is almost done. when I called last week, there were 25.2 bil. float and 32.9 bil.restricted for 1- 2 years. And we have done over 2.5 billion since then-so if it has to go to the max of 65 billion, we are almost there. Since Dan has told me time after time the company was not selling shares, imo it has to old debt they are having to convert and pay from when they bought PRRM from prior management. this is just my opinion. when we get the conversion done, this will take off really big-jmho so my thought is we are getting close to the 65 bil. max.
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posted
imho I would not even think of investing in this company unless they were to retire a min of one half to three quarters of their os.With this many shares outstanding there is no way that the shareholders will ever see any real rise in price without a major pump program
posted
by the way fox does not ever mention any micro caps never mind sub pennies i watch it every week they claim that there is to much risk compared to large caps and they never advcoate investing in pinks myself on the other hand lve the pinks
good luck and remember huge os means sharing profit with too many holders, profits are spread tooooooooo thin
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news today- not one station, the press says, broadcast TV stations in Colorado. So, are they looking for more than one station?-------------------------------------------------------------------------------Press Release Source: Prime Rate Investors, Inc.
Prime Rate Investors, Inc. in Discussion to Launch Colorado Based TV Stations Thursday March 17, 10:10 am ET
STOWE, Vt.--(BUSINESS WIRE)--March 17, 2005--Prime Rate Investors, Inc. (OTC.PK: PRRM) announced it has entered discussions with Comcast Corporation to establish RSN affiliate broadcast TV stations in Colorado. Colorado was coined "the Switzerland of America" and "playground for the whole republic" by President Theodore Roosevelt. The state accounts for twenty percent of all U.S. skier days and boasts seven of the nation's ten most visited ski resorts. "The RSN brand is very strong in Colorado; per capita it has the most RSN affiliates of any state. The combination of this visibility, high visitor rate and attractive market place provide the ideal opportunity for the growth of Prime Rate Investors' network of affiliates," said Prime Rate Investors President 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. 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.
RSN is a national television network that specializes in creating and distributing outdoor content for America's premier resorts, including more than 100 mountain and beach destinations across the country.
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.
-------------------------------------------------------------------------------- Contact: Prime Rate Investors Dan Burgess, 802-253-0199 Fax: 888-607-9495 http://www.prrm.us E-mail: info@stowetv10.com
-------------------------------------------------------------------------------- Source: Prime Rate Investors, Inc.
posted
More good news, but at the same time, it shows how this is a growth stock....it just needs time to grow. If they stay true to the no RS and minimize dilution, this will be a great long for me, and for all you others who bought in at .0001 and just stuck it out.
posted
I'm sorry to burst your bubble, but honestly, this thing really could not ever reach .05 or even .01. A more realistic (even if still unlikely) goal would be to hit .005 or .001, but even that will take a loooong time. If you want to take a chance at turning something into $30,000 from $300, you need to look at something with a little more risk (not that PRRM is not risky, but at .0001 it has kind of bottomed out) which will carry with it more of a potential reward without waiting for your social security checks to come in the mail. Look for something trading in the .001 range, then you are much more likely to reach .10 (but also more likely to go flat bust.
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made the Denver business journal!--The Denver Business Journal - 12:22 PM MST Thursday Investors plan new TV stations Prime Rate Investors Inc. entered discussions with Comcast Corp. to bring two RSN original programming TV stations to ski resorts in Colorado.
Prime Rate Investors (OTC BB: PRRM) is a holding company with interests in outdoor sports, online and traditional retail, print, web, television and film.
Its wholly owned subsidiaries include RSN cable broadcast companies throughout the country. RSN is a national television network that creates and distributes outdoor programming for vacation resorts, including more than 100 mountain and beach locations across the country.
There are already 20 RSN affiliates in Colorado that broadcast nationally syndicated programs. This new investment would create two new TV stations that would broadcast live shows from a Colorado studio and produce some taped shows in Colorado as well. The two new RSN networks would also run some of the nationally syndicated programs.
A Prime Rate Investors spokesman declined to name the two resort towns in Colorado for competitive reasons.
"The RSN brand is very strong in Colorado; per capita it has the most RSN affiliates of any state," Prime Rate Investors president Dan Burgess said in a statement. "The combination of this visibility, high visitor rate and attractive market place provide the ideal opportunity for the growth of Prime Rate Investors' network of affiliates."
I have to agree with most of what you say but I find it hard to believe it can even move off of .0001. I really don't think people understand the magnatude of 58 billion or more in outstanding shares. This is the exact same speech people gave on cmkx last year. But love of stock takes over and making excuses for it sets in. And to believe a pink sheet will really consider shareholders feelings and do something about the share structure is dreaming a little. There are so many good stocks being posted everyday on this board to choose from. Why a 58 billion, .0001 stock that has very little chance of moving?
-------------------- Learn the hard way with pennies
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posted
Hey guys, when they say "comcast corp" is that the same cable giant that's huge in the Washington, DC area? I don't know how this will move with a os of 58 billion, but they sure can put out some good news. It seems, if any company would have a chance of moving with that large of an os it could be this one. At this point, it's a hurry up and wait for me.
-------------------- Legal
"I know not with what weapons World War III will be fought, but World War IV will be fought with sticks and stones." -- Albert Einstein
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DD I agree, I was just trying to keep their dreams alive. Over the long long term, it might move to .0002 or .0003, but were talking years not months.
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By the way, for any of you "dreamers" out there, I suggest you check out the AXAI thread for a more realistic "dream." If you invest $300 in AXAI, there is a much greater probability that it could be worth $100 next week but there is also a much greater probability that it could be worth $3000. As with most stocks, the market seems to be fairly accurate with both of these stocks. Whenever you consider buying a sub-penny stock, you should always ask yourself why the price is so low and why you are interested in the company. If you want to "take a chance" to try and get rich quick, you need to buy a stock that no one is talking about, because if the stock is getting a lot of attention like PRRM is, then you need to ask yourself the question why it has not moved. If AXAI had this type of news it would probably be baclk to .01, where it was less than a month ago.
I know you are not trying to be a dik but it is a little condescending to try and teach us how to invest in stocks. Nonetheless, I'll play your game.
I bought PRRM as a "safe" stock, thinking what the hell I'll put $500 bucks on it and if nothing happens in six months then i'll get out and forfeit my 20 bucks in commissions.
I bought AXAI because I see a serious buying opportunity, and honestly I have lost over 40% of my investment so far. I know the potential risk/reward of both of these: a balanced portfolio should have both of these type investments, not to mention I only invest about 5% of my money in pennystocks anyway.
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HOLD FOLKS HOLD!!! patience will pay off in this one just my utmost humble opinion.good luck to all.
