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Post by stevpot99 on Oct 14, 2004 21:49:03 GMT -5
Prime Rate Investors, Inc. Launches National Syndication of Backcountry TV STOWE, Vt., Oct 14, 2004 (BUSINESS WIRE) -- (BusinessWire) Prime Rate Investors, Inc. (OTC.PK: PRRM) announced the national syndication of the first two episodes of the original series, Backcountry TV. "Chamonix: the Cradle of Alpinism" and "Altai: Siberia's Hidden Peaks" have been selected as part of New Visions Syndications' 2004/05 Mountain Top Ski and Snowboard Series airing to 196 million total viewers nationwide throughout the winter season on major broadcast network affiliates including, among others, ABC, CBS, Fox Sports, and NBC. Additionally, both episodes of Backcountry TV are currently airing on all US Airways flights to Europe. The series of half hour cultural and historical presenter-led documentaries chronicle stories of outdoor adventures around the globe. Produced by Stowe TV-10 in association with High Angle Media, Inc., the series is written and directed by Ian Lamphere and Adam DesLauriers, and hosted by Sam Von Trapp. A schedule of airings will be available at the website www.stowetv10.com. 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. About Stowe TV-10: Stowe TV-10 is a cable broadcast channel that carries RSN national and locally produced resort-sports programming to the Stowe, Mount Mansfield and Smuggler's Notch regions of Vermont - the most unique and historic hub of skiing in the Eastern United States. From its studio in the village of Stowe, Stowe TV-10 reaches nearly a million people a year. For more information, visit the company's website www.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. SOURCE: Prime Rate Investors, Inc. Stowe TV-10 Dan Burgess, 802-253-0199 FAX: 888-607-9495 www.prrm.us E-mail: info@stowetv10.com
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Post by stevpot99 on Oct 15, 2004 1:01:36 GMT -5
warren did you notice that prrm 's a/s has seemed to have doubled to 40 billion is there a 2-1 stock split coming www.pinksheets.com/quote/company_profile.jsp?symbol=PRRMthats the proof on the pink sheets and now on the pr from sept. 15 says CORAL GABLES, Fla.--(BUSINESS WIRE)--Sept. 15, 2004--Prime Rate Investors, Inc. (Pink Sheets:PRRM) announces the number of shares outstanding as of September 13, 2004. Free trading shares not restricted 5,218,991,476; Restricted shares owned by management and shares issued in forward split: 9,400,226,802; Authorized shares 20,000,000,000. |
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Post by Warren on Oct 15, 2004 1:14:17 GMT -5
Hi steve, just reading the PR now. I seen the A/S and O/S jump when they made the desision to buy the tv stations. They are dilluting a little. I also beleive they used stock to buy the stations and those that received stock are selling it. I think they are about done dilluting. Did you see the letters I got from Ian. He stated they have no intensions of a R/S at all. Tomorow we get the mortgage divi. I think we are sitting good specially if we pick up the NY station.
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Post by stevpot99 on Oct 15, 2004 1:21:48 GMT -5
I myself also think the divy is going to be very nice in the long run but I have seen the amount of trading going on and was wondering what was going on since with the pr the o/s was around 9 billion and I believe they gave 15 billion for the tv station
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Post by stevpot99 on Oct 15, 2004 1:24:15 GMT -5
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Post by stevpot99 on Oct 15, 2004 1:26:22 GMT -5
So my question is:
is the 15 billion that was given out for the tv station included in the o/s of 20 billion and there is only 5 billion freetrading shares
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Post by Warren on Oct 15, 2004 1:29:53 GMT -5
Alot of those 15 billion have been sold plus I have a feeling we are going to ge that NY station as well. I am planning a trip about the second weekend in November to go up and visit them. I think we are going to stay at 1 for a bit and then spike on news of profits. These stations are almost pure advertising and I can not see them not being profitable.
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Post by Warren on Oct 15, 2004 1:33:52 GMT -5
PRRM letter from VP « Thread started on: Oct 7th, 2004, 1:44pm » <br> -------------------------------------------------------------------------------- Warren: thank you for your questions and for being a shareholder. Firstly, we have no plans to do a reverse split. We understand that this is a repeated concern, and we want to reassure you that a R/S is not in our plan. Our O/S and A/S has been updated on the www.pinksheets.com We will be increasing the A/S to facilitate mergers and acquisitions. Also, we are compiling a database of shareholders interested in receiving company updates, so if you give us your contact information we will gladly add you. Thank you for your patience. Best Regards, Ian Lamphere Vice President PRRM Stowe TV-10 145 S. Main St. Stowe, VT 05672 (802)253-0199 info@stowetv10.com Did you see this letter from Ian. It states what has been going on. I like their way of doing things and honesty. |
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Post by Warren on Oct 15, 2004 1:41:39 GMT -5
Outstanding Shares: 20,619,218,278 as of 2004-09-29
Estimated Market Cap: 2.061M as of 2004-10-13 (based on Outstanding Shares as of 2004-09-29)
Authorized Shares: 40,000,000,000
I beleve their are no restrickted shares. How ever for the board and officers to keep control I figure they have between them at least 1/3 of the O/S comftorbly stashed. I figure some execs from tv10 were kept. I think we might of given some more shares away to aquire the production companny and I am sure we might be given some away for the NY tv station. How ever, these guys are up front and honest about it to the share holders. This is what I really like. They updated Pinks on their own, remember pinks you do not have to. They did and have earned my trust so far.
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