Premier Holding Corp. (fka PRHL)

[Elliot09]

I read all 27 pages of the SEC Complaint and I summarize that the SEC wants the CEO out of the public market management (barred from serving as an officer or director of a public company) and barring him from participating in any stock offering. I expect the CEO to resign and let someone else take over as CEO. As to the future of PRHL, that is now a work in progress and let's see where that goes.
The SEC cited numerous violations but I see nothing where anyone benefited from outright fraud. All the cited activity dates back to 2014 and valuation of a note which the SEC was over stated in value.
As to the stock trading, the volume is over 1.5 million shares and buying has stepped in and recovered some of the loss. If PRHL survives this event, these prices are a bargain.