Premier Holding Corp. (fka PRHL)

[Elliot09]

Continued buying keeps PRHL mired at .599 range and the order sizes have been of good size. Rumor is that an update was given by the CEO and a dividend will result if and when the sale of TPC is completed. Supposedly, TPC was sold to a blind pool which will be of such a size as to qualify for the NYSE. So in my mind I am lead to believe that I should receive as a dividend, shares in a NYSE company. If all this comes to fruition, I will be one happy camper. Now the question is logistics. How much did PRHL get for TPC? I am assuming that I keep all of my PRHL shares. Next question is how in the heck are the shorters going to cover if a NYSE stock is given out to the PRHL shareholders. This could get real messy real fast.
There are a lot of questions to be answered and I'm sure the next Press Release will begin to clarify the economics involved in the TPC sale. Could you imagine if PRHL makes an acquisition with earnings and no longer owns TPC which was the money drain for PRHL.
I'm smelling roses and I can't wait for the next new release.