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.
I would be surprised and disappointed if something isn't announced this next week.
Skidaddy, I agree with your assessment "that this is not an investor friendly company". Randy is very good at raising money but equally poor in keeping investors current. With a new CEO and after the reorganization, hopefully things will be different. I don't see how PRHL can go on much further without disclosing what it has accomplished.
Before Randy's problems appeared, an entire program was laid out including the companies that would comprise the new company that would be listed on NASDAQ. An S-1 was also proposed for a money raise. Randy was cited by the SEC but others were involved and no doubt continued the work toward listing. All these facts have been publicly discussed. I have heard nothing to the contrary that PRHL has changed course possibly some minor adjustments. Your statements brand you as a short seller and if that is true, I think you are set up for the shock of your life. Time will tell who is right. We both can't be right thats's for sure. Regarding the auditors, a change in auditors after the current 10K would be a positive move. The SEC is focused on the auditors and you know what that can lead to.
To repeat myself today is a good example of the point have been making. PRHL got beat down into the .02 area and today a buyer(s) moved it right back up to the.03 range for a 19% improvement. A stock that is not doing well or if things are not looking up, there wouldn't always be buyers ready to pick up cheap stock. I have a strong suspicion that PRHL will announce something very pleasing for the shareholders. Only a suspicion but based on a strong indicator.
BUYERS OF THE STOCK ALWAYS PRESENT
An additional thought. If in fact PRHL sells its 2 subsidiaries to a new company to be listed on NASDAQ, the NASDAQ shares would be distributed to the PRHL shareholders. That would create havoc among the shorters and we would see .30 to .40 real fast. Where would the shorts get the NASDAQ stock?
Csterner, All sorts of rumors and who knows what to believe. I feel the most reliable indicator of all is the tape itself. We have had virtually no selling in a week and in fact little or no activity. If there was any negative news to come out, we would see selling and there just hasn't been any. If the original plan announced long ago that a NASDAQ listing was the final goal, that would be a real winner. Patience is golden and certainly key in this situation.
To support my suspicion that something is brewing within PRHL, today the buying is sparse but on the up-side. Any weakness seems to be remedied with buying. If PRHL announces that it is going forward with the uplisting to NASADQ by putting 3 companies into one and then uplisting the larger company, that would really be great. Then the PRHL shareholders would get a dividend in the NASDAQ company. Man that would make my day. I don't know what that would do to the 20 million share shorts for the uplisting would result in a 20 million share dividend short. Another way to look at it is that currently there are 20 mllion counterfeit shares of PRHL in shareholders hands. All PRHL shareholders are to receive a dividend. Where are the counterfeit shares going to get the NASDAQ dividend shares (counterfeit shares) to balance the books in a sense. The attorneys will have to figure a way to clear up this situation. A similar case was settled in court and cost the shorts millions of dollars. I also understand that a block chain trading platform is being developed that would prevent naked shorting from ever happening. Time will tell where all this is going.
Bigspirit1: I have not heard that there have been any announcements. I'm sure the SEC and R.L.'s attorney are speaking.
As I reviewed the SEC complaint, I find it hard to see what the SEC was thinking. The Note in question resolved itself and no longer exists. Nobody was hurt and I find it hard anybody was deceived. As to R.L., his lifestyle is his business and I don't find that he abused company funds. It will be interesting to see what is finally agreed upon I think the primary target for the SEC is the auditors, Anton and Chia.
On a different subject, I am waiting for some sort of an announcement regarding the uplisting to NASDAQ and all the moves it takes to get it there.
No Press Release, No News, still good size blocks of stock bought
when the stock is sold down into the .02's. That indicates to me that all is still well and pointed in the right direction. Sooner or later something should be announced by management. The Eagles won so it is time for PRHL to come up to the plate and hit a home run.
Awful quiet on every front. Management should acknowledge their presence at least with a Press Release saying something, anything.
Follow up on Block Chain Trading platform: I just heard that the platform for Block Chain Trading should be ready mid February. This will bring a halt to the rampant shorting of PRHL. I requested a brief report from Tom Ronk on PRHL shorting and here is what I learned.
2018-02 35.46% of total volume shorted
2018-03 88.84% of total volume shorted
2018-04 33.33% " "
2018-05 96.33% " "
2018-09 88.24% " "
2018-16 86.61% " "
2018-18 97.54% " "
2018-22 54.02% " "
2018-25 100.00% of total volume shorted
With buyers still picking up these counterfeit shares offered by he shorter, I am waiting for some news to see what transpires thereafter. This is an education for me to learn that such high percentage of total volume can be shorted as seen above. Day of reckoning is coming.
I just received an article that attorney Aguirre and Tom Ronk are discussing and working on a new technology to bring forward onto the public trading markets. Block chain trading in the public markets would make transparent immediately all trades and would deter all the abuses that are currently infested in the market. Apparently, all the agencies and DTC are deep into study of block chain trading and ultimately deciding what will be allowed. This technology can't come fast enough for all the BB companies since naked short selling is so prevalent and abused. PRHL has about 20 million shares naked short currently and if and when this new technology is introduced the short sellers will run for the hills.
Interesting numbers I just received from my subscription of ByIns.Net.
From January 19, 2012 thru December 31, 2017:
Total Volume of PRHL Traded: 138,466,485
Total Volume Shorted: 50,950,669
Percentage Shorted: 36.80%
Squeeze Trigger Price: 0.1181
Value of Short Sales $6,017,963.00 Potential Profit for
Short Sellers.
Educated guess: 20,000,000 share short position exits currently in PRHL (no way to know exact number but this is experts number. There have been buy backs and that reduced the total shorted number down to the estimated 20,000,000.
It is going to be real fun if and when the short squeeze starts and it is going to take some very positive news to pass the squeeze trigger price of 0.1181. Good news and high volume can accomplish the job. Two and three million shares traded per day will occur when shorts start to buy back.
One final gem: PRHL attorneys are aware of these numbers and are taking steps to honor only Beneficial Shareholders if a dividend is issued.
Skidaddy: Here is my take on the whole situation and I don't have any inside information. I followed PRHL closely for years and I think that the SEC is focused on Anton and Chia as well as Randall.
The SEC Note in question does not exist and was written down to zero long ago. Nobody benefited from the Note. I believe PRHL will roll up into a company with the same Companies previously announced and will uplist onto NASDAQ with a public offering to raise money. This should take place under a new CEO. PRHL ends up with a shell company unless other acquisitions are found. This is speculation but makes a lot of sense. This approach also leaves Randy to fight the SEC if and when he chooses. Randy does not answer his messages as far as I know so I don't know what is in his mind. The attorneys, investment bankers and Companies involved in the roll up I believe are unchanged. This combination qualifies for NASDAQ listing so it has to have a minimum share price and revenues to qualify for listing. The rest of the equation is your guess as it is mine. The selling yesterday was probably tax loss selling but I don't know who bought all those shares. I researched the SEC complaint and PRHL was one of three oompanies named by the SEC and the Note in question is very weak complaint and doesn't hold much merit. It is the auditors the SEC is after. Unrelated but similar cases are being resolved for very little money so long as the offending parties step aside and stay out of the public market business. Hope I covered all your questions.
Nate and Skidaddy, To continue my thoughts why I hold a positive outlook on PRHL, look at today's trading as an example. Lots of tax loss selling but more real buying resulting in: at 11:45 AM Pacific Time, the trading volume was 242,250 shares. Last traded .0376 and that is up 34.3%. Buying outpaces the selling and to me that is not evidence of a floundering company. Patience, patience, patience and maybe we will see some real progress.
Hatchetman, I strongly advise against your suggestion, unless you are ready to spend a huge amount of time and effort with solid facts. The SEC is already on his case and has come down heavy on him. You may make it look like you are attacking him on a personal basis. An unintended consequence is that you may seriously damage PRHL with all sorts of questions and delays and then you have me and other shareholders to answer to. Don't do it unless your attorney gives you the green light. Furthermore, if Randy learns what you may do, be sure you are looking at a law suit.
Honesty is the most important factor in all of my posts.
Am I disappointed? Of course I am.
My portfolio worth a lot less. More than I like to admit.
Lost hope? No.
Reasons for my hope are this.
PRHL still has valuable assets and they are still in play.
Investment bankers still working to put the parts together for a large entity to be listed on NASDAQ
Chinese money is still invested in PRHL at higher levels.
Randal doesn't answer my calls or anyone I know. He has his hands full answering the SEC.
Do I expect an announcement? Yes I hope so.
The general framework in a previous Press Release should still be in play but I don't know who all the players are.
If this pans out with a larger company listed on NASDAQ, I don't expect Randy to be the CEO.
Finally, patience in this kind of situation is important and that is my game plan.
Please no personal comments degrading me or anyone else.
Ask legitimate questions and I will do my best to give legitimate answers.
The picture is a bit more clear now as I see the SEC initiated proceedings against Anton and Chia the independent auditors of PRHL. Three of Anton and Chia's clients were cited as examples of fraudulent accounting and PRHL was one of the three firms. The issue with PRHL centers around the valuation of a NOTE that PRHL took from another party and the SEC says the NOTE is over-valued. There is no one person profiting from this error. There was no pump and dump claimed and the over-valued NOTE was eventually written off at zero value. Nevertheless, the SEC has cited PRHL for this error and the matter will have to be resolved with the SEC. The SEC is requesting the barring of the CEO from participating in the management of a public company and barring him from raising capital from the public for public companies. PRHL took a hit in its stock price but came back off its lows to partially recover the initial shock of the SEC announcement. Today should be interesting to see if PRHL can recover its stock price to its original base.
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.
I have supported PRHL because I believed they story behind PRHL and I am an unaffiliated shareholder and a very large one at that. I read the news this AM and was shocked to read what was filed. I have called numerous people to find out what is known about this matter and what is the CEO's response. I have not yet heard from anybody but will certainly get to the bottom of this issue. I stand with a very large loss at this moment but I will hold steady until I get the full story. I have not bought or sold a single share and I do not intend to buy or sell until I get the whole story and am convinced there is not monkey business going on. In this day and age, everything is possible I would like to know who initiated this investigation by the SEC? The dates and auditor involved, I have never heard of. Lots of questions right now. No answers yet but I will keep investigating this entire issue.
10-Q was filed today. That's half of my hunch. Now let's see if PRHL has anything good to announce. USC seems to have an awesome basketball team also. To make my 2017 complete, PRHL has to hit a homerun for me. Go Trojans.
Saturday USC beat UCLA and that to me means we are going to have a lovely time with PRHL. I predict we will see a 10-Q today and some good news later on. My hunches are usually right so let's see what happens.
The information regarding an extension comes from an SEC filing by PRHL requesting the 5 day extension and the reason for the request.
That is public for anyone to read.
Regarding the percentage whether PRHL is successful, you have to understand the contents of the PRHL structure. The Power Company (TPC) has many contracts that could be sold if it wanted but PRHL agreed to contribute TPC to the Blank Check NYSE company for 27 million dollars valuation (Per the LOI announced). The definitive agreement has never been announced and that is my huge disappointment. What PRHL intends to do is a huge mystery and that is what I am waiting to hear. The CEO has lots to lose if he allows PRHL to fail and I don't see that in the cards. What would make sense is if PRHL went forward on its own and acquired companies with large revenues and profits. The structure of the Blank Check Co. was 4 companies with 50 million in revenues and huge upside growth. This never materialized, hence my disappointment. What happens from here on out is a guess and we just have to wait and see what is announced.
PRHL filed for a 5 day extension for the 10-Q. If that deadline is not met, I will be very disappointed and will not post my sentiments regarding this company. I am a significant shareholder and lots on the line for this company to fail. The last Press Release regarding the up-listing with a NYSE blank check company has not materialized and that too is disappointing. PRHL needs to make an announcement or at least that it was unable to complete the LOI.
Modest volume for PRHL but all buy orders. That is a good indication for me that something is imminent to be announced. It has been a long time since the non-commitment letter of intent to sell The Power Company was made. If in fact a definitive letter of commitment has been signed, big things should follow. Yesterday's World Series game and USC's loss to Notre Dame were both bummers so I need a pickup. Fingers crossed.
NOTHING HAS CHANGED AND THE PREVIOUSLY ANNOUNCED SALE OF THE POWER COMPANY TO THE NYSE BLANK CHECK COMPANY IS PROGRESSING NICELY. WHEN THE NEXT PRESS RELEASE IS MADE, THIS CHARACTER, HATCHETMAN WILL HOPEFULLY DISAPPEAR. HE MUST BE VERY SHORT PRHL TO MAKE SUCH WILD STATEMENTS. HE BETTER HAVE A SIZEABLE BANK ACCOUNT TO PAY FOR HIS LOSSES. MY GUESS IS THAT WE SHOULD SEE A PRESS RELEASE ANNOUNCING THE SIGNING OF THE DEFINITIVE AGREEMENT. AFTER THAT, THERE SHOULD BE A SERIES OF ANNOUNCEMENTS COMPLETING THE ACQUISITIONS (4 IN ALL)OF THE BLANK CHECK NYSE COMPANY. THE MOST INTRIGUING PART OF THIS ACTION IS WHAT PRHL COULD DO TO REBUILD ITS ASSET BASE. PROPERLY HANDLED, THAT COULD BE THE GOLDEN RING OF THIS WHOLE MATTER. THE DIVIDEND SHARES THAT THE PRHL SHAREHOLDERS WILL RECEIVE COULD START TRADING ANY WHERE FROM FOUR DOLLARS TO AS HIGH AS TEN OR TWELVE DOLLARS PER SHARE. LOTS OF IFS AND MAYBES BUT ALL VERY GOOD.
GO DODGERS
Monday AM and the PRHL Board lit up. Three hours of trading and the volume is 183,400 shares. Low of .05 and Hi of .0547. BID is .053 and the Ask is ,058
My take on this activity is this: Something must be brewing and I can only guess it has to do with The Power Company sale to the NYSE Blank Check company. If the definitive agreement is signed, it has to be announced and an 8K has to be filed. With a BID of .053 it seems the buyers are serious about this. How the shorters handle this is going to be interesting. Computer programs will turn around sooner or later and then look out.
Stay around folks, the game is just getting started.
Skidaddy: Unlike most posts people write, I stand behind every word I say and I put my money where my mouth is. I am currently probably one of the larger non affiliated shareholders of PRHL so you can see this means a lot more to me than a casual observer. The next Press Release should shed a lot of light on where PRHL is going. I hope it fares much better than the US Men's National Soccer Team. The loss to Trinidad broke my heart. A loss in PRHL will break my check book. How much more real can it get than that.
Skidaddy: OK, I will be the one to challenge your statements. Every one of them. I will lay down the line in the sand and it is this. As I said in my prior post, I expect PRHL to make a major announcement before Nov. 15, 2017. I expect that announcement to lay out the future for PRHL and the shareholders. I expect a significant dividend in the blind pool company previously announced and I expect that company to trade on a major exchange. Since PRHL sold TPC (The Power Company) to the blind pool, I expect the name of the blind pool (blank check) company to eventually be changed to The Power Company (TPC). That leaves PRHL with very little in the way of assets, but I expect management too eventually acquire or merge with a mega company with revenues and profits. Considering the dividend and share value with the merger-acquisition, the PRHL shareholders will come out pretty happy. I own a very large block of PRHL so I keep my ear to the listening board and this is what I heard or read in previous press releases. Maybe one or two weeks but it won't be after Nov. 15th. Now either I step forward and say I made a bad mistake or I expect you to do the same if I am right. I just hope you aren't a big big shorter. Current actual short is probably between 20 to 25 million shares. Can you imagine being short PRHL and PRHL announcing a dividend of a NYSE company shares. Where are they going to get those shares in a buy back situation when there is no shares to buy.
Keber: Today is Friday October 6 2017. If PRHL doesn't make a
significant announcement by November 15,2017, where PRHL shareholders end up receiving a substantial dividend, I will publicly announce that maybe you have something in your outlandish statements. We don't have long to wait, so let's sit back and see what happens. Either I have been smoking the wrong brand of smoke or you are very very short PRHL and stand to take a huge loss. It can't be anymore decisive than that. Stick around, this should be interesting.
What a difference a day makes. Today, PRHL has had 21 trades thus far and the stock is up 27.61% to .055. The trading volume is 190,614 shares. This kind of support bodes well for the future. When PRHL announces the stock dividend and the ex date, PRHL should be off to the races. Keep tuned and watch USC play Texas Saturday.
USC looks like a national championship team.
Wow !!! What a disappointing day. Trading volume was 635,354 shares. The last trade was at .0431 down a whopping 20%. Frankly, I don't really understand what's going on and maybe someone can give me some thoughts. Shareholder selling, I doubt at .0431 level. I also doubt this is straight shorting. Final result was disappointing and that is a fact. Hope things improve tomorrow.
Somebody heard PRHL's message. Yesterday's volume was over 600,000 shares and the last price was up over 8%. Let's see if we can sustain this momentum. I am waiting for the shorting report for yesterday. There could have been substantial shorting. Knowledgeable reports have PRHL with a current short position over 20 million shares and the squeeze trigger price at .11
Another good press release, now let's see if it wakes up any buyers. PRHL needs more press releases to create interest in this issue.
No word on the dividend yet, hopefully we hear something by Halloween.
Dumb Luck. I went to your Proxy site you provided and I believe you are confusing PRHL with another company which had its shareholder meeting on the same day. The agenda for the other company was what you are quoting, it was not PRHL's agenda.
I own PRHL and a lot of it. I pay close attention to PRHL's business and that is why I am very familiar with what is transpiring. With you confusing PRHL with another company shows me you are not paying close attention to your own business.
If you own PRHL, I think you are going to be pleasantly surprised soon with where it is going with its business plan. You shouldn't have long to wait.
I did not receive PRHL proxy material because none was sent out.
Management has gathered sufficient votes to pass what was presented.
I use the word shorter to identify those individuals who short PRHL stock thru their brokerage firms. Currently there are between 20 and 30 million shares of PRHL shorted.
Stay tuned, the fun is just about to get started.
Dumb Luck. I went to your Proxy site you provided and I believe you are confusing PRHL with another company which had its shareholder meeting on the same day. The agenda for the other company was what you are quoting, it was not PRHL's agenda.
I own PRHL and a lot of it. I pay close attention to PRHL's business and that is why I am very familiar with what is transpiring. With you confusing PRHL with another company shows me you are not paying close attention to your own business.
If you own PRHL, I think you are going to be pleasantly surprised soon with where it is going with its business plan. You shouldn't have long to wait.
I did not receive PRHL proxy material because none was sent out.
Management has gather sufficient votes to pass what was presented.
I use the word shorter to identify those individuals who short PRHL stock thru their brokerage firms. Currently there are between 20 and 30 million shares of PRHL shorted.
Stay tuned, the fun is just about to get started.
Dumb-Luck: Your name says it all. Your posts are all fictional and you must be another shorter. If not, you are carrying a heavy grudge. PRHL did not propose a reverse split 1 for 100 or 1 for 250. I called an spoke to a person in attendance and he said no such proposal was made or passed. Where are you getting your information or is it all fictional garbage.
I didn't believe PRHL would consider a reverse split 250 to 1 or 100 to 1 so I called PRHL and talked to a person who was present at the meeting and he said NO SUCH PROPOSAL WAS PASSSED. I don't know who Dumb Luck is but passing erroneous information like that is dangerous and illegal.
I went to Orange County but never made it to the Shareholders Meeting. What I did hear though was the following:
TPC and AIC were sold to a blank check company to be listed on the NYSE.
Three other companies have also be acquired by the blank check company to give it substantial revenues and earnings.
PRHL is to received about 27 million dollars worth of the blank check company stock for TPC and AIC
PRHL will retain E-3 until a suitable merger candidate is found to replace TPC and AIC. The merger candidate will be large enough and profitable hopefully so PRHL can uplist to NASDAQ.
PRHL will distribute the NYSE blank check company shares as a dividend to its shareholders and this will be done in 2 or 3 distributions.
PRHL shareholders will continue to own their original PRHL shares, receive their dividend and hopefully experience a healthy increase valuation in their PRHL shares when a merger candidate is found.
All of the above should be accomplished and announced in short order since numerous attorneys and filings needed to be accomplished.
My take on all this is that the PRHL shareholders are in for a healthy return on their investments. Guessing, the NYSE blank check company should start trading between $4 and $8 dollars. Since this information was second and third hand, I would use this material as a guide line and not treat it as hard facts.
WILL DO WITH FULL EXPLANATIONS