Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Unlike yesterday, the market opened up with 100,000 shares on the sell side. Finally, 20,000 shares bot. PRHL lost most of its gain from yesterday so we will have to wait and see where this is all going. It is strange why PRHL trades down here at level below the value of the dividend itself. Then there is in addition, the residual of the shares of PRHL which is looking for an acquisition and if it finds one, all this trading at these prices looks foolish. Who knows what the future holds. We shall see.
Finally we get an announcement re-stating the terms of the sale of the subsidiaries TPC and AIC. Number of shares PRHL is receive from AOTS is 19,250,000 which is to be distributed to the PRHL shareholders. The record date has not yet been determined but is expected soon. AOTS has already acquired RESCOM an energy supplier and AER and advanced lighting green company. This is a dynamic combination of acquisitions because of the rapid growth in asset values and earnings. Today's announcement restates the information in the 8K with slightly more details. Shareholders appreciated the announcement with increased volume of buying raising the price of PRHL to near .019. That is almost a 70% increase in share value.
In my estimation, that price is well below the potential for PRHL since it is now poised to find an acquisition that has both revenues and profits. If this dream comes true, the shareholders will have potential from two angles, PRHL itself and AOTS which is to change its name to TPC and be listed on NASDAQ. Maybe all the waiting will turn out to be worth it. We shall see.
All quiet again. Waiting for the dividend record date announcement. The 3 delinquent 10Qs are still not filed. For a shareholder, it is discouraging not hearing anything just when all seemed completed. The stock has died on the volume and there has been no further selling so at least that is a positive fact.
Stauf, I read the last half dozen posts with amazement and humor.
First of all, PRHL filed a recent 8K stating that TPC has been sold to AOTS42 and the deal is completed. PRHL shareholders are to receive 100% of the 19.2 million shares of AOTS42 which will change its name to TPC and get listed on NASDAQ with an S-1 filing. AOTS has already acquired Rescom and AER Lighting. The combination of TPC, an energy distributor and Rescom an energy provider is absolutely a block buster. Every contract TPC sells is worth $300 on the books of Rescom. One million dollars a month increase in assets alone is easily do able. The profits are huge in these transactions. AER Lighting, a green company, is huge and profitable. Pending is the announcement by PRHL of the record date for the dividend stock the shareholders are to receive. Yes this has been too slow for my own satisfaction but it has gotten where the CEO said he wanted it. There were pot holes on the way but what business doesn't have failures while growing. I have several questions myself but the answers won't be available until the 10Qs are filed and the 10K is filed. I have heard rumored that PRHL is looking for an acquisition to fill the gap of TPC and AIC. If that happens,we shareholders will see a double barrel windfall.
FINALLY: This AM PRHL filed an 8-K announcing the completion of the sale of its subsidiaries TPC and AIC to AOTS. The next event should be the announcement of the RECORD DATE of the dividend distribution.
All the negative talk in prior posts claiming PRHL is a total sham owe an apology to PRHL and to the readers of this board. The result of this sale produces a company with a brilliant future. TPC and Rescom together constitute a utility and the revenues and profits should be huge. The name AOTS is going to be changed to THE POWER COMPANY, TPC, and is destined to be listed on NASDAQ when an S-1 registration is carried out by WestPark Securities. All very positive events. It will be interesting to see what happens when the RECORD DATE for the dividend is announced.
sejohnson1: PRHL announced it sold TPC and its other subsidiary to a private company (AOTS)and will received shares in AOTS as payment. Those shares of AOTS are to be distributed to the shareholders of PRHL. AOTS also acquired Rescom and AER an energy savings company. The 3 companies AOTS owns makes it a real synergistic company that is projected to make excellent profits. AOTS will do an S-1 Registration to raise capital and this will be managed by WestPark Capital and the name AOTS will be changed to The Power Company (TPC) and will be listed on NASDAQ. Now all that is not small change and it took a long time in production. Very soon you should be able to read the 8-K announcing PRHL's sale of TPC to AOTS and shortly thereafter you should see an announcement giving the record date for the PRHL shareholders regarding the dividend distribution.
All the criticism posted on this message board is not worth addressing and time will tell who is right and who is full of it.
I own a large block of PRHL and hence watch it closely and my cost is way up there too but there is no benefit crying about it. I expect the final results will be good and remember, PRHL shares still belong to the shareholders so if management is able to acquire a profitable company additional value will come from their shares.
My guess is we should see all of this announced within a short time.
Very disturbing behavior on Level II today where buy orders were intercepted by a market maker and partial orders were filled at the limit price of .018 and the remainder of the order filled at a lower price of .0171. This occurred three times consecutively minutes apart. CDEL was the enabler (market maker)and this pattern has occurred previously numerous times. This should be brought to the attention of the SEC for market manipulation at is worst. It is of no value to report this behavior to FINRA since I personally have filed 15 violations in the past to no avail. Anybody with any advice would be appreciated.
With the 14-C filed, now hopefully we will get a closing of the TPC transaction by the 15th. Then we should learn the record date for the PRHL shareholders to get their dividend. AOTS is poised to become a major force in the deregulated energy arena and will be classified as a utility. NASDAQ listing and change of name to The Power Company (TPC) will finish this long process. Then the next project starts, namely, finding an acquisition for PRHL. If that gets accomplished, PRHL shareholders will have hit the holy grail.
TPC should appreciate in price as business grows and the value of the PRHL shares will grow to who knows where. 2019 could be a bonanza year with any luck whatsoever.
Finally, This AM PRHL filed the 14-C. Now AOTS has to finalize the acquisition of TPC and it will own, TPC, RESCOM, and AER. This combination is a huge profitable combination and since AOTS owns both an energy Provider and Distributor, it is classified as a utility. That brings on a different class of investors and appraisers.
Last Friday PRHL traded 200,000 plus shares, all buys and PRHL closed at .02. This is either short covering or someone who thinks PRHL is a bargain at these prices. Once we see the amended 14-c we will have a record date for the dividend and the TPC transaction will close. Then AOTS-42 will own AER , RESCON, and TPC. That combo is a dynamic money maker. WestPark will raise some money for AOTS and then do an S-1 Registration for AOTS, change the name to The Power Company, TPC, and list it on NASDAQ. At this point, PRHL shareholders own shares in a NASDAQ company and still own their original PRHL shares. PRHL will activity search for an acquisition and that would be a huge winner for PRHL. Just think what the value of PRHL shares are today considering all of the above.
Time goes on and still no announcement that the 14-C Amended has been filed or soon to be filed. It can't be much longer and it seems to me, the sooner it is filed, the chances are that this version of the 14-C will be final. This document should yield a lot of information and the most important one to me would be the record date for the dividend. It should be a very important date for those short PRHL. It will be interesting to see if shorters cover their shorts or try some other maneuver. The short position for PRHL currently is huge no matter how you compute it. Five years I have followed PRHL closely and I see the same characters shorting the life out of PRHL, looking for it to go out of business so the shorters can cash in. Doesn't look like PRHL is going anywhere and with the sale of its 2 subsidiaries, that leaves the Company poised to make a large profitable acquisition. No debt and only the future to look for that Company that wants to be public. Those holding PRHL shares now, stand to get the dividend from the sale of the subsidiaries and still hold their PRHL shares. How could it get any better.
Sudden change in trading volume hard to understand.
We had huge volumes last week for 3 days and then suddenly there was zero volume trading in PRHL. There has been no trading for the past five sessions and it almost eerie. At least we don't see short selling yet. Maybe this is the calm before the storm. If management makes an announcement and files the amended 14-C, that should change things since a record date would be announced and that is huge. I still don't see a filing of the 3 delinquent 10Qs, but I am expecting them to be filed shortly. Until those are filed, the 14-C Amended can't be announced or filed. I think we shareholders have been patient and waited long enough. Time to get on with it.
Stef07: I don't understand your point and what DTC reports are you talking about? I am referring to the buildup of the short position over 5-6 years and the DTC size in the PRHL shareholder records parallels the growth in the short number over these 5-6 years. The one possibility that would be good for PRHL is that when the dividend record date is announced that the brokerage firms notify their short positions that they must cover their shorts. Even this issue is not adhered to by the brokerage firms except for the large discount online firms. The SHO regulation is also supposed to control the shorts and if the brokerage firms adhere to the SHO regulations, that will put pressure of the shorts to cover. In summary,I don't think there has been any significant short covering yet. I am expecting PRHL to announce the completion of the amended 14-C this coming week or next week. This long delay is not pleasant and has lots of shareholders on edge not knowing what to believe.
Stauf: Every point you make is valid. However, the short position issue is important because if there is 50-70 million shares short, those same shares (counterfeit shares) stand to receive the dividend and that is bad for you and me. The first 3 days of this week had huge trading volumes and I thought that was the start of the short buy backs. Then the volume suddenly dropped (no trades Friday) My take on this is that the first 3 days was a phony show by the shorts trying to make it look like shareholders were liquidating. Come to find out how wrong they were. This short issue is huge and we shall see how it plays out. The 14-C Amended, is nearly completed and it wasn't the CEO holding things up. Legal and accounting issues had to be resolved and they are near completion. AOTS will get done.
I believe Randy will be gone after the AOTS transaction is completed.
Stef07: If your imagination came true today, that would spell disaster for PRHL with the AOTS transaction still pending. Once the 14-C is amended and the record date for the dividend announced, then the departure of the CEO would make sense. Not, now for sure.
What do you make of the crazy trading volumes for the past three days? If shareholders stopped liquidating, I would expect higher valuation of the stock. Let's see what the next few weeks produces. If this is short covering, we are looking at many weeks of high volume trading. I estimated in the past that there were 50-70 million share short position. One million already covered in 3 trading days.
Stef07, I can't blame you for being impatient and without releases from PRHL it is even more difficult. I am a little closer to the situation and I can tell you for certain, that management is working hard to get the transaction done. AOTS has completed two acquisitions and is waiting for its 3rd and final acquisition (TPC) to issue its shares as dividend to the PRHL shareholders. The big delay occurred when the SEC issued Comments on the preliminary 14-C.
The Response to those comments took a lot of time and work in order to Respond in an acceptable fashion. One of the Comments required financials from the 2 acquisitions in AOTS. This gets delayed waiting for other companies to submit their financials. Do you see the point I'm making for that involves attorneys and accounts in separate companies. It is getting done for sure. On a separate subject, I was pleased to see how buyers stepped in an picked up the tax loss selling that occurred year end. That should give you confidence that PRHL's dividend is valuable on its own. If and when PRHL finds a profitable company for acquisition and puts some meat on the bones of PRHL, there should be some value there in addition to the dividend.
Today, 12/28/2018, PRHL has traded 175,000 shares in the first 3 hours of trading and the price of PRHL has dropped from .009 down to .0066 offered. I happen to know the buyers of the 173,000 shares and yet the stock has dropped with every buy order. If that isn't a violation of trading I don't know what is. Yet, SEC and FINRA don't give a hoot. Very frustrating and no matter what PRHL does or accomplishes, the price of the shares drop. Again, I keep harping on the size of naked shorts in PRHL but unless the authorities look into this situation, nothing is going to get done about it. No amount of buying can overcome the unlimited naked shorting that exists in this stock. It took me a long time to understand and believe what I was told and what I observed myself and now I am a believer. If PRHL withholds the dividend and makes the shareholders prove the authenticity of their shares through their brokers, that might be one way to straighten this mess up. Any suggestions would be appreciated.
Today, 12/27/18, I believe is the last day for tax loss selling.
PRHL had a good share of tax loss selling but managed to hold its price at these levels. I have not heard any changes with the dividend and I am waiting for an announcement of the record date. I still haven't seen any short covering of the stock and I wonder what happens when the dividend record date is announced. If anyone knows the regulations and what is supposed to happen, please post them. If a record date is announced and a 50 to 70 million naked short position exists, there will have to be some reconciling to be done.
Stef07: Usually companies stay away from announcing between the holidays. Too many people are away so my best guess will be January sometime. Again, today's trading showed nothing but buyers.
I was curious about yesterday's trading and I asked Tom Ronk to supply me with the shorting that went on yesterday. The numbers were as follows: Total volume traded: 377,600
Total volume shorted: 71,200
That leaves the remainder of the volume due to real tax loss selling over 300,000 shares.
I knew there was tax loss selling but I didn't know how much.
When the shorters see selling, they pile on real fast and that was the case yesterday. Today was all buying and probably some of that volume is attributable to short selling. When and if the squeeze trigger price is surpassed and held for 3 days, all hell should break loose. The squeeze trigger price is .076 now so that shouldn't be impossible to breach.
Stef07: I doubt it. There can be tax loss selling until the 27th but I'm not sure of that date. I can't understand why someone would sell at such low prices when a substantial dividend is forthcoming. Maybe they don't believe the story and just want out. One interesting observation is the size of the bids. This AM there are two bids with a 100,000 share size. At least two people believe in PRHL and AOTS. Another couple weeks and this tax loss selling period will be up.
PRHL Share Price rebounded nicely after the tax loss selling, and that's even in light of the major exchanges were down significantly. My read is that everything is on course with PRHL and the AOTS transaction. I'm hoping for some sort of announcement soon so we can learn the record date for the dividend.
The selling on Tuesday, 12/4/2018 looks like tax loss selling.
More importantly, what happens on 12/6/2018 will tell whether PRHL is still on course with its AOTS transaction or if there has developed other problems. Investors know when to step in and pick up cheap stock. The dividend from the AOTS transaction pays for the price of PRHL at these levels many times over. Trading on 12/6/2018 should be very interesting and informative. The market is no fool and it very often tells a more complete story.
It is my understanding that when all the business with AOTS is completed and dividend shares sent to PRHL shareholders, that the CEO will step aside. He has stated this fact several times and I think he will stand by that decision. This 14-C Response is a lot more complicated than originally reported but it is near its completion and Company Counsel will file it with the SEC. Can't be soon enough for me. The next important thing is to find a profitable large company to merge into PRHL so that PRHL can report earnings. That will have an effect on the stock price.
I have closely observed the trading pattern on Level II for PRHL for over four and one half years. I have come to some astounding conclusions and I am willing to stand up to any agency to describe what I have observed. Namely, PRHL investors are getting ripped off by illegal naked shorting and the total amount of money the illegal naked shorts have garnered is between 6 an 8 million dollars over four and one half years. The SEC cites manipulators but I don't see any action with blatant illegal naked shorting. I have filed 15 complaints with FINRA giving specific examples of my claims. Not a single response from FINRA. FINRA owns the Bulletin Board so what would you expect. Someone has to alert the SEC and refer them to me to explain my findings. PRHL has 50 to 70 million share short position currently and every time the ticker price goes up, the offer is slammed and offer price lowered below the previous sale. No wonder PRHL has gone from 1.25 straight down to 0.0135 today. PRHL's upcoming dividend is worth more than .10 per share yet the share price does not reflect it. Go figure. I would like to hear what others suggest we shareholders do to remedy this situation.
Protrader201: AOTS was a new private corporation (shell) WestPark Capital formed this shell and acquired AER Lighting which is in energy savings business (LED Lights etc), and Rescom, an energy supplier, and TPC (an energy distributor). TPC, The Power Company belonged to PRHL. The three companies make up a very synergistic mix and earnings projections are excellent because a supplier and distributor are considered a utility. WestPark is going to do an S-1 to raise the money for Rescom to buy energy for TPC. I think the amount is 18 million dollars. The name AOTS is going to be changed to TPC and it is to be listed on NASDAQ. PRHL shareholders are to receive a dividend of the NASDAQ Company. The value of the dividend share should be well over .10 per share depending on whether TPC starts trading for $3 or $4 dollars on NASDAQ. The PRHL shareholders still own their PRHL shares and management is working on finding an adequate acquisition. To me that isn't bad. I don't like the delays but completing the SEC Comments on the 14-C is taking longer than anticipated. The SEC is examining the CEO and hopefully that will curb huge expenditures as in the past.
Kber: With the investment I have in PRHL, I have to stay on top of every step PRHL takes and I don't like the delays I am seeing with the filing of the Definitive 14-C. The AOTS is not a piece of s---. AOTS currently has RESCOM and AER Lighting in it and is waiting for TPC to join. This final step will occur after PRHL files a definitive 14-C WestPark is a respectable firm and will take AOTS to a major listing via an S-1 filing and it will raise capital for RESCOM, an energy provider, to buy energy for the customers of TPC a distributor. The projections are superb and it is this plan I am hoping to see accomplished. AOTS will change its name to TPC with the listing on NASDAQ. PRHL shareholders still retain their shares and hopefully a good merger candidate can be found to bring PRHL some value. The AOTS dividend that the PRHL will receive will have good value and trade on NASDAQ. As for Randy, hopefully he will resign or leave due to SEC constraints. At this stage, tearing down PRHL does no good and I'm working as hard as I can to keep this ship on course.
The most impressive article explaining naked short shares and counterfeit shares is this;
http://counterfeitingstock.com/CounterfeitingStock.html
Kber: I read all of your posts and I read nothing new that was not public previoously. Unfortunately, you have a hatred for Randle Letcavage but you are going about displaying your hatred in the wrong way. You are not accurate enough to be taken seriously. eg. You state the currnet short position is 5900 shares far smaller than I have been claiming. You are absolutely right regarding QUALIFIED SHORTS, but I am reporting on unqualified naked shorts and that is an entirely different story.
Much has been written about UNQUALIFIED NAKED SHORTS which result in counterfeit shares of a company. PRHL has 70 million unqualified naked shorts and in other words 70 million counterfeit shares in the I an O. The reason that is important is soon PRHL will announce a record date for the AOTS dividend shares that the PRHL shareholders are to receive and that means 70 million shares will get credit for the dividend. This fact is not acceptable and I travelled to PRHL and received permssion to work on this horrible problem. Frankly, I don't have much hope because of the market circumstances and how the shorts handle impending short squeezes. I challange you to work with me to get this problem solved. I am now VP. of PRHL and a Director so you see I am serious about my goals. Don't ask because my salary is ZERO. I am working on that aspect of PRHL now and I was satisfied that everything is being done to reduce operating costs until a suitable acuisitiion is found. The money in PRHL is earmarked for purchase of an acquisition and that is what I was told. If you are serious about getting things done, join my team and let's see what we can do. Finally, read the articles on Counterfeit
Stock and you will get an education on illegal naked shorting.
I would like to see shareholders get together and put forth their wishes and observations and work together to try bolster PRHL. I am now a Director and Vice President of PRHL and now I have closer access to PRHL and can make myself heard. A group of shareholders including myself met with Randy and heard first hand what his goals were and we were satisfied that he has accomplished the AOTS deal and now he is looking for a good acquisition for the shell, PRHL. PRHL has money in the bank and no debt. The biggest problem PRHL has is the current existing short position in the market and I computed that there is about 70 million shares short currently. The shorted shares stand to receive the dividend if something isn't done by the time the record date is announced. During our meeting with Randy, he appointed me to work on this terrible problem and I am probably the most qualified person since I have tracked PRHL for 5 years on a daily basis and I have been in touch with the most knowledgeable people in the field. A solution does not look good but I am looking into every facet that I can. If we could get 1500 PRHL shareholders behind the stock and buy a little every day, that would show that interest exists in PRHL.
Mickey 2000: No question Randy has looked out for Randy however criticism of his work without substance is not productive. With my holdings in PRHL I have a lot to lose but I have studied every bit of the material available and I call it as I see it. The AOTS deal seems like a huge winner to me. The brokerage firm handling this transaction is reputable and the end result should be AOTS ends up on NASDQ with its name changed to The Power Company. An S-1 registration will raise the capital to buy the energy that Recom will buy for TPC to distribute. AOTS-TPC is a true utility at this stage because it has both an energy Provider (RESOM) and enegy distributor TPC. Soon I expect the record date for PRHL shareholders to be announced and that is when 19 million shares of AOTS-TPC will be distributed. Record date announcement establishes which PRHL shareholders get the dividend. Then some time later the certificates will be distributed. One huge problem exists and that is the short position of PRHL. I calculate that there is a 70 million share short position in PRHL and those shares right now stand to receive a dividend. I am actively working to Correct this huge problem. Send me any ideas you have for a solution. Mean time PRHL is looking for an acquisition and that would be an added asset to see PRHL trading at higher prices. Now you own a NASDAQ company, TPC, and your PRHL shares. This is my goal.
Keber: You are bouncing around from topic to topic without any sense or explanation. Yes I am a director and I have the shareholders held in first place including myself. I am not totally happy with the way PRHL has been managed however the recent 14-C that was filed explains the entire AOTS transaction and it is a positive for the PRHL shareholders. Now what do we do with the PRHL shell that has only some cash in the bank. A group of investors met with Randy the CEO and it was clear to us that he has one thing in mind and that is to find an acquisition for PRHL. The PRHL operation has been trimmed to the bare bones and costs are minimal. One person on the payroll and that is the secretary that is needed to continue doing the essentials of accounting and SEC filings etc. Rent has been 3000 per month and is being worked on to cancel any rent. I don't know how your criticizing is going to be beneficial to the shareholders and if you have any specific gripes, go after the source of your gripe. Your Posts are not constructive and only destructive. The SEC suit is ongoing so if there has been any wrongdoing, the SEC will find it. If you call the AOTS a scam, you are accusing the Brokerage firm handling that matter a scam and if they see your accusation, you will find yourself in court pronto.
Stef07; I didn't like the results of operations ever and thank goodness that's behind us. Right now PRHL has only the dividend to look for from AOTS and that won't be tomorrow. The outlook for AOTS- TPC is phenomenal. I would like to someday direct traffic for PRHL to acquire operating assets that are profitable and there will have to be a new (different) CEO for that to happen. We are in transition right now and how it turns out will depend on the changes that are instituted at PRHL management. How did you determine that Randy's pay dropped? With no operating subsidiaries now, the options are many and have to be looked into.
Step07; Where are you getting these ideas. There is an explanation why TPC revenues went down but that has nothing to do with the transaction with AOTS. PRHL is receiving 19,200,000 shares of AOTS and those shares are to be distributed to PRHL shareholders. Don't you read the 14-C filing? It fully explains the whole transaction including the other 3 companies acquired by AOTS, Rescom and AER.
I just reviewed some data on AOTS which is to be listed on NASDAQ and change its name to TPC. I am excited for the future and totally pleased with this deal. If you are short PRHL, I would advise you to immediately cover your shorts because the brokerage firms will be notifying their clients of the dividend that if they are short PRHL the shorter must cover their short or plan on producing the AOTS dividend shares. My latest projection for PRHL current short position is 50-70 million shares. Those shorts will have to cover some day.
Stef07: True, but AOTS has now 3 subsidiaries, TPC, Rescom, and AER. In other words, these are an energy distributor, energy provider, and a clean energy technology company. Together, this is a money making machine. It is a full blown utility. Now WestPark is the brokerage firm that will do an S-1 SEC registration to raise capital to buy the energy. When the S-1 is accomplished, the name of the company will be changed to TPC (The Power Company) and it will be listed on NASDAQ. PRHL is getting 19,200,000 shares of this NASDAQ company and those shares will be distributed to the shareholders. You still own PRHL shares and the market will decide what they are worth. So, your investment will include the TPC shares and PRHL shares. The TPC shares should start trading on NASDAQ around 4 dollars. Your PRHL shares will be worth what management can do with the company eg acquisitions. There will be another announcement describing the record date and the conversion factor to figure out how many shares dividend you will get depending on your current holding in PRHL. One big issue I have right now is how is the huge current short position going to react when the record date for the dividend is announced. I estimate the short position at 50-70 million shares. I am going to explore with company counsel if a law suit should be filed to threaten the brokerages handling the shorts. Stay tuned, this could get interesting if the short have to cover.
PRHL has filed its 10K
PRHL has filed a 14-C
I think all the negative accusers owe PRHL an apology.
The complexity of the 14-C demonstrates why we have had such a delay.
The content of the 14C also demonstrates what a fantastic deal this is for all parties.
PRHL shareholders are to receive 19 million shares of the company that is ultimately to be listed on NASDAQ and will be called The Power Company. Currently the company is private and is called AOTS.
AOTS now owns TPC, Rescom, and AER an efficiency company.
TPC is an energy distributor.
Rescom is an energy provider.
That combination is dynamic and can produce huge profits
Congratulations to the management of PRHL
One final note: I was recently appointed as V.P. of PRHL and Director.
My goal is to rebuild PRHL like it has never seen and make it profitable.
PRHL has filed a 10K
I am guessing a 14C is close behind
Its been a long wait but PRHL promised a 10K and delivered
The 14C should be a blockbuster announcement if prior announcements hold true.
The next couple of months should be exciting to see how the shorts behave.
It is my understanding that TPC has been sold to AOTS along with two other companies and the paper work is being completed soon. I also understand that the delinquent 10K and 10Qs are to be filed soon. The 14C is to be filed soon and that will complete the transaction with AOTS. The final act will come when shares of AOTS (name to be changed to THE POWER COMPANY)are distributed to the PRHL shareholders. This has all taken a very long time but it is getting done according to the rumor mill. I also understand that AOTS (TPC) is to be listed on NASDAQ or NYSE and that is no minor fete. This has all been directed by Westpark Capital, the brokerage firm handling this entire matter. PRHL shareholders retain their shares, but that leaves PRHL with no assets until management finds a suitable acquisition and starts rebuilding PRHL. It has not been easy waiting for all this to happen but the nature of this complex transaction is such that a lot of people are involved and that is time consuming. One issue I have not seen discussed is the status of the short position for PRHL. I have followed this issue for 5 years and I estimate that there is a huge short position in PRHL and I have not seen any short covering. What happens when PRHL distributes the shares to its shareholders of the AOTS-TPC shares it receives for the sale of TPC and AIC to AOTS? Big question in my mind.
Step07: With the increase in volume of trading in PRHL and with the price hitting .03 this AM, I am predicting some sort of an announcement within the next week. If this doesn't happen, I will lose faith in my ability to read the tape, but I doubt I am wrong.
Stef07 From what I hear via the rumor route, we are close to hearing a lot of information regarding all the activity I posted so many times. My only question now is learning the conversion factor. In other words, how many shares will my PRHL portfolio receive in the AOTS company which will ultimately be listed on NASDAQ. I am guessing but probably shortly after the 4th of July, I am hoping for a significant announcement. We shall see. I hear all is well and progressing smoothly. Those huge bids in the 100,000, 200,000 size certainly support the rumor mill. I read the postings of Kber and I think that poor soul needs help. He is all over the place with unrelated statements and stating them as fact. He certainly hasn't had much experience with level II quotes, that much is evident.
Stef07: Long ago I heard that everything would be done and reported by the end of June. I will wait till then before I become negative.
I expect the reporting to be brought up to date and I expect the Newco deal to be completed and announced and I expect the dividend to be announced. Now that's a lot of expecting but let's give this puppy a chance. Let's make June 30th the deadline for PRHL to make its promises come come true.