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The prs and the current volume just proves my previous point. The boy who cried wolf. Stop announcing and start doing. Will THAT happen this week next week? Who knows. eom
Tender Offer
A tender offer is a broad solicitation by a company or a third party to purchase a substantial percentage of a company’s shares or units for a limited period of time. The offer is at a fixed price, usually at a premium over the current market price, and is contingent on shareholders tendering a fixed number of their shares or units. Under the Securities Exchange Act of 1934, parties who will own more than five percent of a class of the company’s securities after making a tender offer for securities registered under the Exchange Act must file a Schedule TO with the SEC. The SEC also requires any person acquiring more than five percent of a company’s securities directly or by tender offer to file a Schedule 13D.
The filings required by Section 14(d) of the Exchange Act and Regulation 14D provide information to the public about the person making the tender offer. The company that is the subject of the takeover must file with the SEC its response to the tender offer. The rules also set time limits for the tender offer and provide other protections to shareholders.
Except for the anti-fraud and a few other provisions of Regulation 14E, the SEC’s tender offer rules generally do not apply to tender offers that result in ownership of less than five percent—also known as "mini-tender offers." You can learn more about the risks of mini-tender offers by reading our
LOL I press the submit button and then see cmgibubba post with the new pr. Okay DAN now let the buying begin, it is all up to you. You have to make the first move. eom
Reading all the post to catch up today and I see all the same players on the board pro and con. You know what? It doesn't make any difference what any one on this board says. At this point I don't think any news they release will make a difference. What WILL make a difference is movement in PPS.. The PPS has not moved in two years and people don't want to sit on dead money. If it takes Dan himself or institutions or private investors or a combination of all to move the PPS, it has to be done for the average trader to jump in. Some will argue the message board is a place to attract new investors and I say not with SMMW. Why? Because people have had it on thier watch list for almost two years and it has done nothing PPS wise. Will the audit do it or the ascension to the bigger board?
I doubt it, unless Dan and friends take it upon themselves to move the pps. I know the company has announced a buy back up to 4 billion shares and that's great. The question is how many of the 4 billion will it take to get the PPS going? People talk about private investment groups jumping in and moving this stock onward and upward. My question is if they are so sure of the out come with SMMW, why haven't they jumped in yet? They want to see the PPS move first imo because they certainly don't want to sit on dead money. So when Dan releases the numbers and assuming they are good, he better follow through with massive buying to get us going because the average investors won't jump in until then. I love the company, but my question was all along, why hasn't Dan taken upon himself to move the PPS in the beginning of the pr blitz this year. IMO all the prs would just keep the momo going. Now? Well who knows how it will play out. Those with a source may know, but the rest can only go by what they see. I am long and strong, but I still have an opinion. jmo eom
Any one see Jesup & Lamont Securities on that list? My eyes aren't what they use to be so maybe I missed it. eom
That probably has a lot to do with 6 MM's on the ask. Buying back the short shares. :>) eom
I knew it. Didn't you read my next to last line. lol eom
Dans way ahead of Microsoft when they started. They worked out of a garage. I wonder how many shareholders visiting them in the garage when they started would ever belief they would be where they are now. LOL NOW don't start saying I am comparing the two. Hmmmmmm, who knows where Summus might end up. eom
I'm frustrated with the wait. If I were Dan I would put share holders at the top of his list of things to do. Maybe he has to learn to delegate some of his work load. That said I will hold for more than a double. I think he has been doing a heck of a job building a real company. eom
Helps me to. lol A lot of longs are starting to vent. Personally I think Dan sucks on the public relation front. eom
He has every right to be frustrated, as do I. We use to share our frustration with each other. lol I miss bobky. eom
I can almost guarantee he did from past pms I have had with him. He has been extremely frustrated with the wait. Every time Dan delays some thing else it just adds to it. eom
gorbec1 wait? We all have a PHD in waiting. lol I have mastered the art of waiting. I can wait, but how long can my little friends below wait? lol eom
Gorbec "well somebody has to say it it gets better every day being a smmw share holder and enough said" I agree.
well somebody has to say it, it gets worse every day on SMMW Level II and enough said. I agree with that to.
My niece was on my computer last night and when I tried getting on this morning it was all screwed up. I'm rushing to restore the system thinking we might see some fireworks today with our little gem. Took me two hours to straighten the mess out. When I finally get on and look at todays performance thus far, well I should have just gone back to bed.
It will truly get better every day being an SMMW share holder when the pps starts to move. Right now? It sucks. eom
I ONLY HAVE ONE QUESTION. WHEN IS THE PPS GOING TO MOVE?
Yup, it gets cold in the mountains. eom
Ya and I'm flying to see Dan right now. eom
Note to Dan. Just a reminder. People who have been sitting on the sidelines will not buy this stock until they see it can move. The pps hasn't budged in almost 2 years and people will not sit on dead money. All the pr's are great and we can see your building something here, but your going to have to get the ball rolling. You announced a buy back today, so start buying. WE NEED YOU TO FOLLOW THROUGH NOW DAN. You get this thing moving and I can see momo going big time. Your call Dan. eom
whatshisname, I'll be a little more objective. I can see this is not your typical pink stock. It's obvious to me they are building the company the right way. I see they reduced the A/S by 20%. I see they are doing what is needed to become transparent. I see according to Feb. 7 release our CEO was buying shares out of his own pocket. I see they have retired shares already. I see that they announced today the company itself will buy back 4 billion shares. I see the bashers are either blind or running scared. jmo. eom
Remember how excited we got for that brief moment. lol eom
I wonder if SMMW comes out swinging this morning with some big buys. eom
Yup, it's in there. eom
FEB. 7
PRRM -- Prime Rate Investors, Inc.
Com (No Par)
COMPANY NEWS AND PRESS RELEASES FROM OTHER SOURCES:
Prime Rate Investors, Inc. Statement on Share Price
STOWE, Vt., Feb 07, 2006 (BUSINESS WIRE) -- 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.
CONTACT: Prime Rate Investors, Inc.
Dan Burgess, 802-253-0199
dan@highanglemedia.com
www.primerateinvestors.com
Copyright Business Wire 2006
Well to me this day is the actual first day of the push. This PR pushed them into 2nd gear. Tomorrows interview ought to be interesting imo .eom
GORB, this is the first time I've seen anything about the company itself buying back. eom
I read it. I guess the truth is in the liitle details. Huh. eom
Take a look at our info board people. What struck me, was we don't have a bunch of gray beards running our little gem. We have young up and comers. Guys with a lot of energy and are out to accomplish great things for our company. People who are looking to make a name for themselves in the industry.They ARE HUNGRY That bodes well for Summus Works and us shareholders. imo eom
Crash OverRide thank you and MTM for getting me that picture for our board. :>) eom
Is this Gorbadamus again?lol I wonder what this week will bring us. eom
RJ Trotts, Done. Near top under Summus description. eom
Iron Maiden, do it in signature box. eom
RJ Trotts, No problem. Glad I could assist.:>) eom
Try this for help http://www.investorshub.com/boards/faqh2post.asp eom
Just read through several of retiredcoach previous post. Whenever I get frustrated waiting I read his post and get an instant pick me up.lol eom
China what's up? What do you think about todays volume? eom
Anyone know where I can get a picture of Nate Pickens or even if one exist? lol Need it for the info board. eom
Highway, When will we get a news release concerning insider holdings or some thing to that effect? I was simply stating what I think we need. I may have worded it wrong.
Shares tied up or shares held by insiders has been mentioned on this board several times by others. :>) eom
Is it to early to say maybe next week? We need that insider holding release pronto. eom
All I was doing is to try and get to the bottom of one of his post. eom
"is he friends with dan now muggs how would i know that" Could you ask Gorbadamus for me. lol I see they are mentioning NECN over on that board. I'm not sure what the connection, but if there was one I would have little birds in high places flying all around me. eom