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Sooooooo,
Capital raise for "newco"? Where's the money? How much and where's the evidence? Who's in charge?
PRHL has to announce a record date? couldn't they just stall? Who's in charge?
And the biggest question, when?
I'll believe it when I see it. Still holding shares, begrudgingly.
Oh, and the SEC? Are they REALLY doing anything? The SEC is typically more ignorant and impotent than the companies they purport to scrutinize.
Thank you Jack
Nothing to lose, eventually
Nother question:
Why is there so much buy interest at 14 and 15 cents? usually means insider information (I know its illegal but lets get real)
seems interesting to me
Jack,
You said, "I also happen to know, that all seems to be going well with the roll-up project. "
I sense you have a perch on prhl developments. A simple question: Are you capturing opinion or information? and I guess another question: Do you suspect whomever your source is, is it possible they are trying to keep you at arms length? (hope not)
I ask these questions to cut through any accusations coming your way here. Of particular interest to me is timing. thx
kber, the evidence is in your favor until proven otherwise. call me a wishful thinker currently with a bunch of worthless shares as of today with no liquidity. what else am I gonna do?
Yeah it does give me some comfort Jack but not enough to back up the truck and buy a million shares here for a pittance. It vexes me that I and all of us are being held at arms length by school girls answering the phone. Your original estimate was 041618. How much longer from here is reasonable do you think?
called Meghan at 949-260-8070 3 days ago and yesterday. She was in a meeting again. Really? 4 people in company. The secy said Mark Ross was still there. His old number doesn't answer. Was told I would get a call back from Meghan or Mark Ross. So far, no call. hmmmmmmmm.
Jack,
I'm interested in what would be YOUR questions and desired answers?
very tight range today 1.12 to 1.15 on 800k volume so far today suggests solid support at 1.12 (let's see at end of day) and once weak hands leave the room, there will be a buying party. yeah, I'm long
XOM news title this am "Permian land rush over, leaving big players to gobble smaller ones". I believe TRCH is consolidating here for near term run to yesterday's high and beyond. Call this "Weak Hands Day". Honestly, we don't need them.
I appreciate that Jack. Perhaps if we extend your combined thoughts of 041618 announcements and the current short position which, I take it, is undeniable, perhaps there's manipulation here to obtain cheap shares, which wouldn't surprise me for a pleasant change in sentiment for PRHL after tax day. but then perhaps i'm just a wishful thinker
"Investors" dumping shares today to the bid. Is this by those who know things the rest of us don't (as is usually the case) or not?
Jack,
I like Bigspirit's proposal you become a board member. Since he is younger with, what I can see here, a useful perspective, have you considered transferring your proxy vote for your large share position, effectively combining it with him and letting Bigspirit carry out his recommendation to get on the board? At 86, this would be a good move for you. The two of you may be the last hope for the rest of us languishing with this stock. Just an idea
Elliot, disclosure is exactly what is conspicuously missing. Anything less is speculation. As far as reorganization, who, what, when? Oh yeah, that's communication to shareholders. Why hide that?
Hey, I'm not a short seller, but gradually performing at the ask to ditch this poor little stock that had a great story but some great stumbles. Time to move on. Yes, I have a glimmer of hope for PRHL because I still own shares, but this is not, imho, an investor friendly company. Time to move on. I will continue to observe however until my shares are gone.
Wishful thinking and blind speculation is a fool's premise for both buying and/or holding a stock. We don't really know anything most probably because there is really nothing there, except Randall's entrails.
Elliot,
I very much appreciate the mind dump, as well as your history of knowledge about this company. I believe there's little any of us can do but wait at this point, and that could be for quite a while from here before they draw back the curtain. Best of luck to you
Elliot you are right about the trading. But my question is who is buying? and, why are they buying? Are there institutional buyers that have information we don't? (I think unlikely). Or, are there retail speculators that also think bitcoin is an investment? Seriously though, the abject absence of news or company information makes this risky speculation. It is also true that without substantive information about any resolution to "Randall's Folly", there is no clear reason to hold this stock. A new and good CEO would understand this completely and draw back the curtain. anything else is another twisted version of the wizard of oz
To your post Elliot, you continue to hold hope that it is not over. Certainly there is at least scant interest at 3 cents so there are others that also feel that way that are actually buying, albeit only $100 at a time. My guess is randall is avoiding all shareholder contact as he enjoys the doghouse he now lives in. As I have also said, my key hope is an announcement of a new CEO, but, I think I will sell that "spike"
Nate, I think Elliot has egg on his face and a lot less money in his pocket. He gave it the great pump. Is there hope for this POS from here? Randall is fighting back against the SEC on misreporting. I don't find much hope there unless there's a new CEO news release. HOw likely do you think that is? Is there a story moving forward where the less than honest Randall (ref kber) miraculously resurrects PRHL? the question answers itself. move on
kber, Kudos to you for exposing Randall.
PRHL is NOT going to revert to their already horrendously low mean price without a compensatory improvement in value. I think the unscrupulous Randall is the real problem here as HE allowed the unscrupulous auditing firm in. There's something else underneath the covers here. And now for the big question: WHERE IS VALUE DEFINED FROM HERE?
appreciate the update. please keep the news coming.
Thanks Elliot
Nother 5 days I guess
Elliot, you have much better information than I do. I had no idea there was a 5 day delay. Yes, they SHOULD issue a press release but typically rats don't come out in the light of day. I get the sense that they have enjoyed our money and now want to throw us on the bag holder heap. I think, especially after starting this blog, and despite it not fitting your original expectations, that you should continue to post anything you hear or perceive, whether it be positive or negative. I'd also like to know your concept of the probability percentage of success. 2%, 5%?
There's no 10Q
http://quicktake.morningstar.com/stocknet/secdocuments.aspx?symbol=prhl
Is there a company?
OK, it's 111517. There is no news release.
Thanks Elliot for the mind dump. It is useful for me to understand the threads that hold your shares in your account. I will trust this till 11/15/17 to give PRHL one last chance before tax loss selling season urges me to pull the golden plunger. This is something I didn't have before this exchange, namely hope for the short term. Thanks again.
kber - I feel the same way and thankful you have done some due diligence, but would like some links to view it myself.
Elliot - This is your blog and has been setup to sway investor perception?
Continued promises, forecasts and speculations, at some point need to be backed up. The simplest, most cost effective and accountable means involves news releases. Where there is no IR manifested in communication to shareholders, there is typically ignorance, incompetence, hiding, greed, invisibility and likely manipulation. I believe this is indisputable, but expect some here to actually dispute it. Bring it on.
kber,
This concerns me too, even though it is simply authorizing the shares from 450 million to 1.4 billion. Why?
I'm surprised they'd even be given permission to do so
Unless, maybe, their current treasury share count couldn't support a stock deal with a vertical player? But I'm just guessing at this point.
At this point, my trust in Randall has diminished due to his lack of visibility. there is no PR
Well, if the 10K allows us to price this higher, watch the shorts cover and vault us to 20 cents in relatively little time. This will effectively reduce the reverse split multiple, which would be in everyone's interest I believe. News of a schedule for listing would infer their financials are a candidate for such a move and if you trust the news (people suspect pumps), could be the pivot we are looking for. Shorts follow this board. Perhaps hysterical and sophomoric rants (typical) will presage this path toward covering.
Elliot,
This is typical of new companies, and very profitable for shorts. My view is that management is trying to paint the picture, but until they start using numbers like improvement in sales volume and impact on gross margins and projected earnings, they will continue to attract short investors like flies. Without metrics, news triggered trading volume will similarly be anemic (<1mil shares) and attract shorts.
These PR pieces are good and attract ok volume. Put metrics into the PR and watch 2 or 3 million shares trade and the shorts must cover.
Does this company know what it's doing? I always assume the worse and then WHEN I see positives, jump in. There's a lot of folks like me out there I believe.