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PRRM -- Prime Rate Investors, Inc. Com (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
CLARIFICATION of Prime Rate Investors, Inc. January 19 Press Release
STOWE, Vt., Jan 31, 2006 (BUSINESS WIRE) -- Prime Rate Investors, Inc. (Pink Sheets:PRRM) wishes to issue the following clarification to its release, BW5298, (VT-PRIME-RATE-INVESTORS) "Prime Rate Investors, Inc. Announces Mortgage Payoff" issued Thursday, January 19, 2006: Prime Rate Investors, Inc. (Pink Sheets:PRRM) issued this clarification of a press release issued by the Company on January 19, 2006 in response to subsequent inquiry. The Company had announced it had made the final scheduled payment on the mortgage for its wholly owned subsidiary cable broadcast company Stowe TV-10. The Company has further delineated that this payment has eliminated Stowe TV-10's debt related to the purchase of the lease agreement of channel 10 from its former holder and is not related to the purchase of any real estate. Under the terms of the purchase, the Company's lease of channel 10 is self renewing every 10 years, as under the previous owner. "We are excited that the mortgage has been paid on time and in full. We are looking forward to this asset appreciating greatly," said Prime Rate Investors President Dan Burgess.
About Prime Rate Investors, Inc: For information regarding Prime Rate Investors or any of 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.
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I have watched my 10,000,000 shares hovering between worthless and .0001 for some time now. Despite news that should have made it move, it is STILL at .0001!
When do you suppose this stock will get off the damn floor?
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quote:Originally posted by Thomas Mick: I have watched my 10,000,000 shares hovering between worthless and .0001 for some time now. Despite news that should have made it move, it is STILL at .0001!
When do you suppose this stock will get off the damn floor?
I held QBID for over a year at the same PPS-sometimes it takes time-G/L
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news-just now-----Prime Rate Investors, Inc. Announces Further Syndication of Original Programming Feb 2, 2006 10:10:00 AM Copyright Business Wire 2006 STOWE, Vt.--(BUSINESS WIRE)--Feb. 2, 2006--
Prime Rate Investors, Inc. (Pink Sheets:PRRM) announced the Company's subsidiary, BCTV, and Aspen, Colorado-based New Visions Syndications have partnered to syndicate two of the Company's outdoor adventure programs nationwide. Already this winter, "1st Descent: Mt. Cook, NZ" and "Artesonraju: Peruvian Heights" have each aired to nearly eight million total potential viewing households across the U.S.
As part of the Mountain Top Ski and Snowboard Series, the programs air on broadcast and cable network affiliates of major networks, including ABC, NBC, CBS, and Fox, in every major market throughout the nation. The programs are scheduled to run through April of this year. Visit local network affiliate websites for programming schedules and to make programming requests.
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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negative posters and bashers are turning positive-here is one from another board concerning press today----- PRRM Update and a VERY nice post...
By: clockwatcher10 02 Feb 2006, 01:29 PM EST Msg. 61993 of 61996 Jump to msg. # I contacted New Visions Syndication and was able to speak with someone on the phone.
In the interest of moving forward whenever possible, and to not be always negative….
I had an interesting conversation with someone at New Visions Syndication. It appears the relationship is a win-win relationship. There is a positive and an unknown to discuss.
THE POSITIVE: When I first introduced myself, I used the term Prime Rate Investors. They had never heard of Prime Rate Investors. When I said BCTV they still no clue and were ready to hang up on me, accusing me of being a solicitor. When I read the PR to the caller, I heard someone say in the background, “HAM?” I responded with, “Yes, High Angle Media.” I was then transferred to another individual.
The person on the other end spoke very highly of Dan and Ian. Yeah, that’s correct, Ian Lamphere is active with this relationship. In fact, he appears to be the key to the relationship happening in the first place. She was very complimentary concerning both Dan and Ian. She was clearly excited about the relationship between the two companies but was very wary of MY intent.
The scoop: New Visions Syndication is a type of company that offers the expertise to complete a project, offer Directors and generally provide the professional staff to complete a project professionally. In addition, New Visions Syndication acts as a distribution network.
What New Visions Syndication gets out of the deal is completed programming that meets the needs of THEIR clients. HAM produces sports related programming that serves a need of THEIR (NVS) clients. Hence the win-win relationship according to New Visions Syndication.
What do I like about this arrangement? Well, for starters, assuming everything is on the up and up, it’s the kind of plan where the work is outsourced, reducing the cost of producing content with the final product a professional result. That’s a good thing for a shoestring budget. It also means you utilize services only when needed, eliminating the need for staffing at HAM during the times there are no projects to work on.
Another thing I like is the evidence of Dan/Ian forging new relationships to get a thing done, to accomplish a goal. Again, if this is on the up and up, then it does demonstrate that Dan and company are doing more than tossing hands in the air and giving up.
THE UNKNOWN: What’s the business plan for making money on this arrangement? The person I talked with referred me to Dan and Ian for that information.
I understand the relationship but I don’t understand how HAM/PRRM will make their revenue and if so, how much will be generated to offset the cost of working with New Visions Syndication? Does distribution = revenue? How is the revenue generated? Does ABC, for example, pay for the program and the money split between PRRM and NVS?
Sorry I wasn’t able to obtain information on the most important part, the revenue path but I tried. I was also unable to obtain the status of any projects currently being discussed or in progress.
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there has been no dilution for 8 months-just some long time holders wanting to get out at .0001 so they can move on-jmo----the T/A has been the same since 06-2005
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How mm's get caught short-for example take PRRM, not saying it is going on here but possible. we have 10 mm's on the .0001 ask, and most of the time mm's know that once good news comes out and they get a lot of buying pressure, they can UT their ask and bid .0001 to cover their shares they just shorted at .0001. When they get caught is when the company they are shorting is no longer diluting like PRRM. In most cases they know they can bid .0001 and the company will dump to them while diluting and they cover at the same .0001 that they just shorted at. But sometimes when the company is not diluting, the mm's have to try to cover and compete with other buyers at the same time, which can sometimes cause a huge run on some good news---all jmho
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radar-new station open's Wednesday-from the pr.------Prime Rate Investors, Inc. (Pink Sheets: PRRM) announced the Company's newly established RSN broadcast affiliate station Steamboat TV-18 is scheduled to launch February 8, 2006. Steamboat TV-18 is based in Steamboat Springs, CO and will be carried by Comcast Cable under agreement with Comcast Corporation (NASDAQ:CMCSA) (NASDAQ:CMCSK). "We are thrilled to be announcing our on air date to the community," said Steamboat TV-18 Station Manager Nathan Pickens. Pickens brings over a decade of TV production experience, including four years of station management experience, to the company. "Nate is an extremely valuable asset to the Company and we have every confidence that he will deftly lead Steamboat TV-18," enthused Prime Rate Investors President, Dan Burgess.
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It just does'nt matter whats going to happen this week Eddie, you won't be able to sell at .0001 if you tried. Yeah, I tried upto Friday to sell, ever since Dan came out with the Jan. 10th PR. I guess I could go market and get .00005, but It's been so long (16 months) I now classify it as "hold & forget & maybe get lucky".
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quote:Originally posted by Bigrod40: It just does'nt matter whats going to happen this week Eddie, you won't be able to sell at .0001 if you tried. Yeah, I tried upto Friday to sell, ever since Dan came out with the Jan. 10th PR. I guess I could go market and get .00005, but It's been so long (16 months) I now classify it as "hold & forget & maybe get lucky".
G/L in selling. There is a lot coming that does not meet they eye on this one-jmo-holding-19 months here.
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new Colorado station is due to open wednesday-by the last pr.-if it opens on time this time-jmo-will create a lot of interest, because Dan will have done something that was promised 5 months ago--jmho--radar it
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more great news this morning-Prime Rate Investors, Inc. Statement on Share Price Feb 7, 2006 8:00:00 AM Copyright Business Wire 2006 STOWE, Vt.--(BUSINESS WIRE)--Feb. 7, 2006--
Prime Rate Investors, Inc. (Pink Sheets:PRRM) President Dan Burgess addressed shareholders in a statement regarding the Company's price per share. "Like many shareholders, I am concerned about the performance of our stock price. While the focus of my time is largely spent on increasing the value of the business, it has been hard to miss the recent negative sentiment. I realize why CEOs choose to take their companies private and avoid such headaches," he noted.
"Nonetheless, we are committed to our unique strategy, and building this multi-faceted, exciting business while striving to create shareholder value," he continued. "Along these lines, we have every confidence that the intrinsic value of our company will increase."
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.
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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quote:Originally posted by gatorhistory: you guys think this may run soon? anybody know the O/S count?
around 30 billion float. all but 10 billion is locked in friendly hands-around 40 billion restricted-I have held for 19 months and finally I think it is going to move-jmo
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there has been no dilution since June last year-the T/A is not gagged-also new colorado station opens tomorrow-so I would say we get more press about the new station also
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looking great-just 2mm's left at .0001 ask--jmo-this has such a large shareholder base like QBID has-I look for it to do the same---the larger amount of shareholders = the higher it can go and stay up a lot longer--jmo
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![[Roll Eyes]](rolleyes.gif)
Another Fluffy PR. Really got the volume moving...LOL![[Big Grin]](biggrin.gif)
Looks like the insiders are holding to thier PR, Look at that volume..191 Million in the first 25 minutes.
