posted
Best thing is to stick with the stocks that trade in the dollars. Now if I here that Warren Buffet buys into PRRM, I'm all over it !!
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quote:Originally posted by rickpic: To Whom it may concern!
Maybe someone should be pinging the IP's of the poster on this thread and seeing where they lead!
How many of the RA RA posts to this thread come from STROWE VT?
Funny that the post I made here was pasted all over the net, along with Danny's reply to a supposed SHAREHOLDER!
Read the boards guys!
Two people have taken credit for the same reply from Danny one is named Bob and the other is named Paul! Did Danny cut and paste his reply to more than one E-Mail or did he post it all over the net under the names he's been using to RA RA PRRM all along?
Timing is everything! The responce time to my post hitting my E-Mail box was in lightning speed! Has anyone ever gotten a responce from Dannyboy that fast? It was like he read it when I posted it! Hmmm?
If your gonna post this or forward it! Don't forget to add this!
Dan has no recourse against anything I post, unless he wants to drag it into court! I dream of that day Dannyboy! The day we put all our cards on the table! Bring in on! If you dare!!
no JMO or IMO needed in this post!!!!!
I will clear up who called who-I saw the post and gave Paul a call on the phone, we both shot Dan the post. Dan answered both of us back with the same e-mail-that is the truth.
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posted
news!!!!!!!!!!---------------Prime Rate Investors, Inc. Confirms No Reverse Split Feb 14, 2006 8:00:00 AM Copyright Business Wire 2006 STOWE, Vt.--(BUSINESS WIRE)--Feb. 14, 2006--
Prime Rate Investors, Inc. (Pink Sheets: PRRM) released a statement to shareholders to again assuage the concern of a reverse split of the Company's stock. "A reverse split is not in our plan," reiterated Prime Rate Investors President Dan Burgess. The statement was issued by the company in response to numerous shareholder inquiries.
Prime Rate Investors (Pink Sheets: PRRM) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.primerateinvestors.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.
Source: Prime Rate Investors, Inc.
---------------------------------------------- Prime Rate Investors Inc. Dan Burgess 802-253-0199 dan*highanglemedia.com www.primerateinvestors.com
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And looks like Clock had one hell of a restful weekend huh? And how unfortunate of course. For the rest of us that is. Always and forever blind to the truth? Just as no shortage of others? Oh and of course ever so self-benefitingly entertaining our resident bashers hmm? You think some folks will ever wake up? Company dumping? Well lol huh?
Okay so another stock block cancellation we have. Or should I say continuation? Two billion more shares. And with that said we need consider that we’re not talking about a buyback per se as such would involve an operational angle and a whole different set of mechanics and procedures than is the case relative to what we do have. With of course that being an individual in the form of a company insider i.e., company CEO directly and personally intent upon reducing the outstanding stock count. And earlier here ‘twas mentioned a Form 144 which of course doesn’t fit even slightly as related disclosure conditions haven’t been met and of course the attached dribble provision to be considered. So no cigar on that one. But what do we have? Well again and entirely directly our CEO voluntarily positively impacting our share structure overall. And does same add up? Fit and all the rest of it? The mechanics and so on? Well earlier if you recall we were told of 4b or so shares having been purchased in the open market by management. And all of same if so is of course by virtue of SEC rules/regs automatically restricted for a period of no less than six months and no greater than twenty-four months. Depending upon overall circumstances that is. And if these open market purchases did indeed take place and there has been and is a current continuation of same while market level permits re what’s sensible price-wise that is why no reflection per the T/A numbers as expected? We did hear this lately after all…
“Mr. Burgess also cited his personal commitment and continued purchases of Company stock on the open market as testament to management's firm belief in the mission and goals of the Company.”
“PRRM announced it is not in discussions to bring the Company private. To the contrary, Company President Dan Burgess reiterated that he is continuing to purchase Company stock on the open market.”
So why no reflection then as queried? Why no for example 4b or so reduction in the Regular stock count concomitant with a 4b increase in the Restricted count? Because that is indeed what’s happened, right? A 4b or so block bought in the open market and by an individual that said block relative to same SEC rules/regs as stated dictate cannot be immediately resold under any terms for profit or otherwise. After all basically what’s happened is that 4b or so shares have been transferred so to speak from the freely tradable side of the equation to the restricted side. So why indeed hasn’t the relevant paperwork been filed and the T/A formally updated? The T/A formally apprised of the fact that our CEO has purchased stock in the open market and ongoingly so apparently? And if indeed the open market purchases have continued since we first heard about the 4b or so being picked up and continue indeed as of this writing? Well what total volume involved to date? And again why no reflection per the T/A numbers? Such as for example…
36.8b Regular + 33.4b Restricted = 70.2b Total
Becoming something along the lines of…
32.8b + 37.4b = 70.2b
Or are the T/A numbers accurate as they stand? And how could they be? Well firstly with respect to insider buying we have a situation that doesn’t in and of itself affect in any way the total share count. Only the ratio of regular to restricted. And so? Well if you recall the first time we heard about the insider buying the T/A was facing a gag order. And from day one of course share structure updates from the company itself via for example e-mail (read months and months ago) were damn infrequent with if you recall Dan himself telling us of associated difficulties because of the at the time ongoing debt conversion which made ongoing share count/issuances accuracy extremely difficult and in fact amounted to that which very much if you again recall precipitated the mentioned gag order in the first place. And when all was said and done re said debt conversion things of course on the share structure and T/A numbers accuracy fronts became much more manageable. So in light of timing issues overall and the stated gag order and lack of precise detail on the amounts of stock issued re the debt conversion itself and phase one M&A activity for example we can’t say for certain that the 4b or so shares referenced above aren’t as of this writing very much reflected in the very latest T/A numbers. And given extremely obvious reasons one would very much think they would be. With of course any and all follow-up open market purchases similarly reflected with very much the tradable number being pleasingly reduced and the restricted increasing accordingly as stated. And with that said…
What we can say and most definitively so is that given we have access to updated T/A numbers ongoingly at this point keeping track of insider purchasing claims from this point forward will be a close to impossible chore no more. And as for those cancellations? The 3b in total so far? Well again Dan’s personal call is what we’re talking about. What again he personally has decided to do to reduce the issued and outstanding count. The total share count. And a sacrifice is it indeed? Well let’s consider a little something. With said something being the mentioned open market purchases vs. the restricted stock as we know it. What price(s) is Dan paying in the open market? What price(s) earlier? The 4b or so for example? And where the restricted stock priced? At an approx. .0004 average as we’ve been told? As relative to phase one M/A activity overall we were told about premium-priced restricted stock having been massively issued. Stock priced we were told from .0002 to .0005 with indeed .0004 being the approximate average. And Dan himself of course being very much personally a recipient of much of same. So premium-priced restricted stock is what we’re talking about, right? And the 3b shares recently canceled we know once belonged to Dan himself as per the PR’s. And so? So Dan has been and still is apparently purchasing in the open market at .0001 and seemingly significantly so and at the same time is arranging and implementing the cancellation of some of his personal stock holdings. And in what way(s) does this add up? If it does? Well recently we saw the restrictive legend(s) removed from a 4b block of stock. And same came at who’s request and for what purpose(s)? And relative to the restricted stock we know as stated that .0002 is the issued price minimum. And we’re not talking about a buyback again i.e., buy in the open market and cancel and retire the stock in question. We’re talking again about an individual doing the buying. An insider i.e., our CEO. Very much personally involved as stated in reducing the overall share count. The issued and outstanding stock number. And very seemingly via the removal of a restrictive legend or two and having the resulting freely tradable stock canceled and again while at the same time very seemingly we have as stated the continuation of the open market purchases. And we have this…
“Management noted that the recent cancellations are further efforts in line with the Company's aggressive "VVV" growth and awareness policy, established to increase the Company's "Visibility, Volume and Value."”
So Dan continues as stated via open market purchases to increase the Restricted stock count and reduce the Regular stock count and while having canceled very seemingly pre-existing once restricted stock. Purchases in the open market at .0001 vs. canceling stock priced at the very least at a minimum of .0002. And is this accurate? And if so is Dan having canceled in fact the restricted stock he holds that’s priced at .0005? Assuming of course he holds some of same. That which is maximally priced? Or as close as possible thereto relative to Dan’s personal holdings? Thus reducing the pain of the so-called sacrifice? Eliminate the high priced holdings and exchange same so to speak for .0001 priced stock? Stock that at the appropriate time will yield a return right out of the gate? After all in order to profit from .0002 - .0005 priced stock where must market level be? But relative indeed to .0001 issuances/holdings? Well it’s all very interesting isn’t it? Hmm? Ain’t equities fun?
And with that said is the presented argument valid? Well was the restricted stock that’s been issued over time issued in the absence of cost or is there a value associated with all of it? Well let’s say for example we’re talking about MSFT stock. Someone somewhere receives MSFT stock priced at $100 per share. And the amount of stock in question and its total value equates to the sale of let’s say a piece of real estate. And MSFT stock closed today at $26 and change. And so? Well the holder of the block of stock received full value based on $100 per share, right? And so again? So valid argument or no? And with that said…
Whatever the mechanics involved the overall share structure number improves. Issued and outstanding stock count reduced overall. With as stated over time and continued open market purchases the tradable count also reduced ongoingly. And how much more stock to be canceled? How great the so-called sacrifice? Well that of course remains to be seen. And given the issue price(s) considerations spoken of above how great indeed the actual sacrifice? It isn’t a buyback after all that we’re talking about but rather a personal financial sacrifice. But one orchestrated to be as least painful as possible? And of course significantly reducing the share structure number overall equates to much at market level. Very much equates to…
“Management noted that the recent cancellations are further efforts in line with the Company's aggressive "VVV" growth and awareness policy, established to increase the Company's "Visibility, Volume and Value."”
And visibility, volume and value indeed?
Well relative to visibility what would I for one like to see? Well a new identity of course. New company name and symbol implemented. And at the very least the mention of same. As it strikes me for one very much that with a focus on increasing company awareness/visibility and so on and aggressively so that it’d be a damn good idea and then some to do so relative to indeed our new identity and not under the PRRM banner. So it would most definitely behoove management very much to PR at least the to-be-implemented details. To tell us via PR just who it was won the relevant contest and ASAP start familiarizing people with that to come and very soon hopefully…
‘Prime Rate Investors, Inc. … announced it is deliberating the appropriateness of several corporate names as submitted by shareholders. The field has been narrowed to twenty-five submissions including Cold Star Media, Summus Media Works, Peak to Peak Media, United Mountain Media, Media Mogul Group, Edge Media, Terra Sport Group, and High Angle Group among others. The company had previously announced its intention to assume a new name, inviting shareholders to enter submissions at www.prrm.info. The company will accept suggestions on the website until June 1. The company is offering a weekend getaway to Smuggler's Notch Resort in Jeffersonville, VT to the individual whose suggestion is adopted by the company.’
Get the ball rolling on the new company identity front because with our new VVV policy in place and underway we need very obviously to escape the PRRM banner ASAP. No better time to leave the past behind after all and to cement our brand new start, approach and direction and the rest of it the right way and as stated even if the new name and symbol haven’t yet been implemented. Just get the details out into the public arena. Announce those details and even generate a little well-timed feedback. We’ve already got VVV underway as stated so let’s associate it all with the new company identity as best we can. Even if as stated not formally. Just plant the seed and so on. Let’s see the chosen name and hoped-for symbol and indeed start the necessary association while we await actual implementation. Nothing against rules/regs about it after all. So do get it out there. Show it to us. Let’s see it. Get the necessary association indeed started. In line indeed with the new VVV policy push. Aggressive after all, right? The PRRM moniker is out after all. Time to very much think and to act. To do what’s right and very much called for. And as for volume? Visibility, volume and value? Well isn’t that nice for a change? To see us routinely trading with our registered MM’s at long last ready to react to changes in order flow in ways they very much should be instead of the stagnation routine? And as for value? Visibility, volume and value? Well that’s the best part isn’t it? And there’s certainly a lot of value of course in reducing the overall share count alone. And with the Skiershop deal finally formally closed and continued M&A activity and the rest of it? Not to mention Aspen and straightening things out on the N’east front and otherwise putting phase one behind us and getting on with phase two and so on? And then of course VVV and...
“Like many shareholders, I am concerned about the performance of our stock price.”
Concerned about our share price? And so far it very much adds up doesn’t it? Everything fitting and all that? Stable higher average trading base being actively brought to fruition one step at a time so as to maximize effectiveness? And indeed so for more reasons than one?
posted
2nd pr. today-------- Prime Rate Investors, Inc. Announces Steamboat TV-18 Programming Feb 14, 2006 10:03:00 AM Copyright Business Wire 2006 STOWE, Vt.--(BUSINESS WIRE)--Feb. 14, 2006--
Prime Rate Investors, Inc. (Pink Sheets:PRRM) announced that RSN national programming has been successfully added to the programming lineup of its wholly owned subsidiary Steamboat TV-18. The RSN broadcast affiliate station, located in Steamboat Springs, CO, was successfully launched last week and RSN national programming is integral to the station's broadcast to the resort region of Colorado's Yampa Valley. RSN programming and national ads supplement Steamboat TV-18 secured content and episodes of the Company's adventure series BCTV.
PRIME RATE INVESTORS (Pink Sheets:PRRM) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.primerateinvestors.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.
Source: Prime Rate Investors, Inc.
---------------------------------------------- Prime Rate Investors Inc. Dan Burgess 802-253-0199 dan*highanglemedia.com www.primerateinvestors.com
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posted
PRRM keeps going to new lows below .0001. The direction is not instilling confidence in this trader! I now wish I could just get my initial investment back and move on!
quote:Originally posted by Thomas Mick: PRRM keeps going to new lows below .0001. The direction is not instilling confidence in this trader! I now wish I could just get my initial investment back and move on!
How long must I endure this?
put your shares up for sale with a GTC order at .0001-they will sell-G/L
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posted
Prime Rate Investors, Inc. Announces Steamboat TV-18 Programming Business Editors
STOWE, Vt.--(BUSINESS WIRE)--Feb. 14, 2006-- Prime Rate Investors, Inc. (Pink Sheets:PRRM) announced that RSN national programming has been successfully added to the programming lineup of its wholly owned subsidiary Steamboat TV-18. The RSN broadcast affiliate station, located in Steamboat Springs, CO, was successfully launched last week and RSN national programming is integral to the station's broadcast to the resort region of Colorado's Yampa Valley. RSN programming and national ads supplement Steamboat TV-18 secured content and episodes of the Company's adventure series BCTV.
PRIME RATE INVESTORS (Pink Sheets:PRRM) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit http://www.primerateinvestors.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.
KEYWORD: NORTH AMERICA COLORADO VERMONT UNITED STATES INDUSTRY KEYWORD: ENTERTAINMENT TV AND RADIO TRAVEL DESTINATIONS COMMUNICATIONS ADVERTISING SPORTS PRODUCT/SERVICE SOURCE: Prime Rate Investors, Inc.
posted
Someone is accumilating at .0001. So many 999999 sales went through in the last hour. I think something is up. Why would you spend $2500 on this stock and then sell right when things look like they maybe turning around at the same price? If you don't NEED the money, I'd suggest holding, especially when they just announced no R/S. JMO of course.
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quote:Originally posted by kilerb: Someone is accumilating at .0001. So many 999999 sales went through in the last hour. I think something is up. Why would you spend $2500 on this stock and then sell right when things look like they maybe turning around at the same price? If you don't NEED the money, I'd suggest holding, especially when they just announced no R/S. JMO of course.
I agree, so much more is coming during 2006
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posted
I do not know one single individual that has sold this stock over .0001 for over a year. Walk away from the computer for a long time, not just a few minutes. It will take real numbers/revenues (factual numbers) to move this. I'm not holding my breathe any longer. Just forget about it and walk away.
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posted
jmho-what we need more than anything is our name and symbol change. If you mention PRRM to anyone, they just ignore it, no matter what kind of news comes out. Dan could put press out saying the company was making 100 million a year, and still people ignore the symbol PRRM-jmho
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posted
I haven't been following PRRM for months. Has PRRM ever risen once above 0.0001? From the way it's performing these last few weeks, it doesn't look like it moved up at all.
-------------------- "NEVER UNDERESTIMATE THE POWER OF THE U.S./CHINA CONNECTION"
posted
great news!-------Prime Rate Investors, Inc. Announces Name Change To Summus Works, Inc. Feb 15, 2006 7:30:00 AM Copyright Business Wire 2006 STOWE, Vt.--(BUSINESS WIRE)--Feb. 15, 2006--
Prime Rate Investors, Inc. (Pink Sheets:PRRM) announced it is changing the Company's name and ticker symbol to more accurately reflect the nature of the company throughout the outdoor sports and multi-media industries. The Company had previously invited shareholder suggestions and ultimately chose "Summus Works(TM), Inc.," the submission of a shareholder who, accordingly, won a weekend ski trip from the Company. The word "summus" is the Latin root of "Summit" and means literally "the highest, uppermost, the top."
"We are excited about the name change, and the relevance and import it carries as we attain greater visibility throughout the investment world, and our industries," said President and CEO Dan Burgess.
The name and ticker symbol change will take effect upon finalization of all pertinent legal filings.
Prime Rate Investors (Pink Sheets: PRRM) is a multi-media holding company with interests in outdoor sports, retail, e-tail, print, web, television and film. For more information on the company or its outdoor sports and media subsidiaries, visit www.primerateinvestors.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.
Source: Prime Rate Investors, Inc.
---------------------------------------------- Prime Rate Investors Inc. Dan Burgess 802-253-0199 dan*highanglemedia.com www.primerateinvestors.com
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posted
todays news is great because-this will finally distance us from the Astrom name. Even though he is no longer involved with the company
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My guess is OTC coming down the road, or do I mean down the ski hill....
