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I am amazed how resilient PRHL is when it is sold down only to be followed by buyers stepping in to lift the stock back to its original price. The Shareholders meeting this week should shed more light on the sale of TPC and AIC to a listed company. Lots going on and when all the legal work is done we will get the full scoop.
WOW: What a fun day watching the trading in PRHL.
Trading opened up at .0598 on 20,000 shares, and of course followed by selling until it reached .0525 on 100 shares. Buyers stepped in and closed the day at .0579, up 10.29% on a 700 share buy. This all occurred within 10 trades for the day. Shorters are relentless and they don't want to let PRHL get away from them. In other words, this is financial war and you have to watch the board to see just how intense it is.
Well, so much for my opinion in my last post. This AM,on the opening, before any playing around occurred, a buyer came in on the opening and bought 20,000 shares at .0598. A healthy increase of 13%. I expect that price won't last too long since the shorters don't want to show this kind of strength in PRHL. As I said before and I say it again, God help the shorts when the sale of TPC and AIC gets completed and announced. By that time it will be too late for shorts to cover. Once the dividend is sent to the PRHL shareholders, I expect PRHL to start a massive climb to what level is unknown. Remember, the PRHL shareholders not only have a NYSE listed company shares in their possession, but they still own their PRHL shares and you can bet your bottom dollar, management won't stand by and do nothing. For all I know, maybe another meaningful PRHL acquisition could take place. Wouldn't that be the Holy Grail. Where do you think PRHL would go from that point on. This is why all this time I always held out strong feelings about this company. Management's background is solid in big finance and that's what it takes to pull off action like this.
Interesting observation: In the past, short selling was always followed with buying to support the stock at the .059 to .06 range. This past week, a mega-short seller knocked the share price down to the .052 range but followed up with a 300,000 share offering in the much lower range. No way PRHL was going to recover with that play. What surprises me is this: The current real short position in PRHL is between 20 and 30 million shares and this is common knowledge. The current shorters seem to be playing for higher stakes, trying to knock the PRHL stock price down to scare in some heavy selling. Up till now, the NOBO list and DTC sheets have shown a very stable shareholder base and in fact, last month there were virtually no changes in positions. It is going to be interesting to see who wins this financial war. With an upcoming shareholder meeting and all that has been announced till now, I for one wouldn't want to be caught short one share. If the announced sale of TPC and the provider AIC is completed, the PRHL shareholders will be receiving shares from the buyer and those shares will be listed on a senior exchange in the NYSE platform. Ouch !! I wouldn't want to be faced with trying to find those shares to cover my short position. IMO, this may be a blessing from heaven for the current PRHL shareholders. It shouldn't be too long to see how this all plays out. Go Trojans, It looks like your year to shine. PRHL on the Trojan Horse.
August 11th.
With the upcoming Shareholders Meeting, I'm sure a lot of information will be discussed regarding the future of PRHL.
I'm looking forward to attending that meeting.
Increasing the authorized shares is of little importance until you see how those new shares are used. The previous Press Release was only a non-binding LOI but knowing the CEO, you can bet your bottom dollar that the CEO has a blockbuster coming up. When and what is not known but having shadowed the CEO for 5 years this is how he works. Silently until he has something to say. That's my take on this. Let's see how right or wrong I am. Not only is the CEO silent, but the stock has also gone to sleep and that isn't all too bad. Onward Trojans.
Increasing the authorized shares is of little importance until you see how those new shares are used. The previous Press Release was only a non-binding LOI but knowing the CEO you can bet your bottom dollar that the CEO has a blockbuster coming up. When and what is no known but having shadowed the CEO for 5 years and this is how he works. Silently until he has something to say. That's my take on this. Let's see how right or wrong I am. Not only is the CEO silent, but the stock has also gone to sleep and that isn't all too bad. Onward Trojans.
PRHL closed with the last trade at .06 This has been difficult in the past. Let's see if we can attain .07 now. Trading volume is adequate. More eyes on PRHL since the last Press Release.
Continued buying keeps PRHL mired at .599 range and the order sizes have been of good size. Rumor is that an update was given by the CEO and a dividend will result if and when the sale of TPC is completed. Supposedly, TPC was sold to a blind pool which will be of such a size as to qualify for the NYSE. So in my mind I am lead to believe that I should receive as a dividend, shares in a NYSE company. If all this comes to fruition, I will be one happy camper. Now the question is logistics. How much did PRHL get for TPC? I am assuming that I keep all of my PRHL shares. Next question is how in the heck are the shorters going to cover if a NYSE stock is given out to the PRHL shareholders. This could get real messy real fast.
There are a lot of questions to be answered and I'm sure the next Press Release will begin to clarify the economics involved in the TPC sale. Could you imagine if PRHL makes an acquisition with earnings and no longer owns TPC which was the money drain for PRHL.
I'm smelling roses and I can't wait for the next new release.
Sellers took PRHL all the way down to .048. Here come the buyers and they took he stock up to .0599 with good size buy orders. I still feel there is a whole lot more management has yet to tell us.
I'm patient and I'll wait for the big push to .40.
In my previous post I wrongfully stated E-3 was included in the sale of TPC to the NYSE Company. E-3 was not included in the sale making this transaction even more attractive. The option to sell E-3 to the NYSE Company at a later date does exist
AMEN !!!!! This Press Release explains why we had such a long silent period. Management was busy producing some real value for the shareholders. My understanding is that as a shareholder I am to receive shares in a new NYSE company in return for PRHL's contribution of TPC and E-3.
That leaves me still owning my PRHL shares and also NYSE company shares. This could turn out to be a BONANZA and with so much information obviously yet to come, it will be interesting to see what price PRHL sold TPC. One thing I'm relatively sure of, Management will be looking for acquisitions to rebuild the capitalization of PRHL. Lots to look forward to, and the rewards may be quiet profitable. Congratulations to management, this could be really big. The newly formed NYSE Company will obviously meet NYSE qualifications so the dividend shares PRHL will have a starting price somewhere from 4 dollars up. PRHL will be able to start building a new asset base and hopefully show good revenues and profits early on. Looks to me like this is a WIN WIN situation for PRHL shareholders.
More active buying and PRHL is up 13.4% at .054.
If this tape isn't telling a story, I don't know anything about the stock market. What the tape is telling me, hang on, there is big happenings. I hope an announcement comes soon. We patient stockholders deserve a good healthy elixir of good news. I don't have an alternative scenario of interpretation of this market action. It has to be good and it has to be big. Please please prove me right.
WOW !!! Volume today is 567,000 shares thus far.
Started with a large seller who liquidated 160,000 shares, and that took the stock down into the low .04s.
Then in came the buyers and they have steadily been buying up all the cheap stock.
With this kind of support,I am almost sure there has to be something going on. We are long overdue for some sort of news and I hope it is sooner rather than later.
Total Volume traded today was 222,404. 37% (82,404)were shorts.
The price of PRHL got down to .044 but closed at .054.
Again the buyers were picking up cheap stock. With this kind of action, I am encouraged everything will be alright in time.
OK ENOUGH IS ENOUGH !!!! Its time for management to say something.
Anything, but this silence is killing even the most patient of us.
Are you listening, MANAGEMENT. Please say something, just anything to let us know you are alive.
Waka: I don't know what planet you live on but I have the 10Q since last Monday 5/22. Please get lost since apparently you can't read English. This kind of action often leads to malicious law suits. What a loser. Since you are out of your PRHL position, why are you still posting. You don't even lie well. Get lost dummie.
Derkamfer: The 10Q came in precisely as I expected. The heavy losses stemmed from supporting TPC and it served its purpose but that too has come to and end. My strongest expectation is for management to come out with a strong plan that will change PRHL drastically. It could be a takeover, merger, subsidiary sale, who knows but I suspect it will benefit the shareholders rightfully.
As for Mr4444: Everyone of your accusations is wrong. I have not bought or sold any stock since I have such a large position, I am waiting for management to make a move. I am amazed at the support this stock has: Today, selling took PRHL down into the .04 range and buying came in and picked up all the cheap stock and closed at .06. That is support in anybodies book. The prolonged silence convinces me that PRHL is in for a big announcement, I can only imagine what management is up to. I see over 2 million dollars in the cash register so figure with the losses PRHL has sustained, what do you think is coming next. Please submit some ideas and let's see who is closest to reality. Mr.4444 sorry to see you go but I a willing to wager, your decision is wrong. Time will tell.
Yesterday, an attempted major short play to get PRHL into the .05 range was followed by strong buying. This may have added significantly to the already large short position of PRHL. Time is well overdue for some kind of news. Message to management, HOW ABOUT A NEWS RELEASE OR AT LEAST LET US KNOW YOU'RE STILL ALIVE.
PRHL apparently had a large seller, liquidation, yesterday and knocked the stock price down into the .056 range. Sure enough, buyers started picking up the cheap stock this AM. I said it before and I'll say it again, management must be cooking up something and I hope it is a good one.
BUYERS STILL SHOWING UP AND STOCK HOLDING NICELY AT .069.
WE ARE OVERDUE FOR NEWS. THERE IS A LIMIT TO PATIENCE
AND WE'VE SHOWN A LOT OF THAT.
In my previous post I used the wrong title for AIC. AIC is a Provider of energy and TPC is the Distributor. TPC now has numerous offices in different states and call boards as well as sales people on the streets. The advantage TPC has is its hand held portable device which enables immediate results for sales people. This device is the state of the art for compliance applications and information gathering for sales people before approaching a customer. AIC on the other hand, depends on available financing to buy energy. Again, management has shown it abilities in this arena and if successful in arranging financing for AIC, PRHL will be off to the races with both revenues and profits. As has been said many times, "Rome wasn't built in a day". Neither will PRHL get to prominence and size in a day, but when it happens we will see huge gains in every respect. Trust me, I studied this dude real well.
PRHL HAS AN ACTIVE SUCCESSFUL DISTRIBUTOR IN CHICAGO AND NOW IT HAS AN ACTIVE DISTRIBUTOR ALSO IN CHICAGO. NEXT STEP IS TO ARRANGE FINANCING FOR THE PURCHASE OF ENERGY AND THAT INVOLVES A WHOLE LOT OF MONEY. WE ARE TALKING ABOUT 10 MILLION DOLLARS IN THE FIRST STEP AND UP TO A 100 MILLION DOLLARS AS BUSINESS RAMPS UP. AT THAT STAGE PRHL IS DOING 100 MILLION OR MORE IN REVENUES. ALL THIS DOESN'T HAPPEN OVERNIGHT SO PULL UP YOUR BRITCHES AND BE PATIENT. PRHL IS WAY OVER YOUR HEAD AND YOU DON'T UNDERSTAND THE BUSINESS SO THAT LEADS TO A LOT OF NONSENSE TALK. TPC HAPPENS TO BE THE LEADING DISTRIBUTOR IN THE US AND IS GROWING FASTER THAN ANY OTHER DISTRIBUTORS-PROVIDER IN THE US. THIS WILL LEAD TO NUMEROUS ACQUISITIONS IN THE NEAR FUTURE.
I REMEMBER WHEN YOU SAID PRHL DID NOT BUY A DISTRIBUTOR IN AIC.
WELL FERC DISAGREES WITH YOU AND PRHL IS READY TO BUY ENERGY WHEN IT COMPLETES IT FINANCING ARRANGEMENTS.
Waka, Unless you have evidence of anything of that nature, you are treading on thin ice and close to libel. There are many positive reasons for this degree of silence and as previously announced, uplisting to NASDAQ was first on the list for PRHL. Until we hear anything different, I'm sticking with that assumption and silence is safe from people like you making unfounded remarks.
Total silence, yet buyers around.
Never saw anything like this before.
Whatever it is, it better be good.
Does anyone have any idea what is going on?
Still seeing occasional buyer stepping up to the plate.
I would like to hear what are the likely scenarios of what is transpiring.
This kind of silence can mean only one thing.
Something big is happening and the shareholders are not aware of it.
Sooner or later someone will indicate what is going on in the engine room.
We can hope its good and probably is good because all the strange
steps recently have been in the positive column. Ample cash on hand and paying off note holders to me indicates big adjustments. I can not think of any negative results that fit this situation.
Thank goodness I have patience. I see an infrequent seller and no rush to get out, so that too is encouraging.
There is nothing in the last two posts that I disagree with and that leaves me thinking all the more that management is arranging something that will utilize all the assets that PRHL has assembled the past three years. All the parts of the business plan are in place and ample cash on hand and yet we have not seen the STARTER BUTTON pushed. Nothing but quiet. My advice, be patient for management can't continue on this path for long. Do we have any other choice? Also, management paid off the bond holders. Figure that one. Whatever management has in store for us shareholders, better be good.
Skidaddy, You are so right, and today yet another Press Release with great potential, but like you said, no projections of volume or profits. I am still suspecting PRHL has something in the works with all this Press Release hype. Remember PRHL announced its intention to up-list to NASDAQ. Not with a share price down here, that won't happen. Since the 10K is due in a few days, maybe management is waiting for the 10K to announce something. I hope PRHL surprises the shareholders with stunning numbers for that's what it is going to take to break out of this price range. Removing debt from the balance sheet is to me huge news. That's a lot of money it is coming up with and there seems to be no shortage of cash. Try to make sense of all this and whatever they are doing, it better be news-worthy.
One reason PRHL isn't having success in improving its share price lies in the report I got from Tom Ronk (BuyIns.Net) which I subscribed to.
Trading Volume for 2017-03-28 was 615,311 shares
Short trading Volume for 2017-03-28 was: 247,597 shares
Percentage Short Volume was: 40.24%
Dollar Value of Short sales: $18,570
This is an alarming report and it has been the case for several years. The current real short position can only be estimated at around 20 million shares.
Management knows what it takes to correct this terrible matter and let's hope they have the answer for when and if the remedy is announced, we should see a remarkable upward increase in share price.
JFINK: My understanding is that PRHL has to be at a certain price to qualify for listing. In order to get to that price, PRHL will have to have a reverse split, eg if the stock was .08, with a 40 to 1 reverse split, would bring the price up to 3.20. If the NASADQ qualification requires a 3 dollar stock, PRHL would qualify.
Let's see what today brings with yet another Press Release.
Seems like the pot is boiling and the steam pressure building.
In my opinion, management has something brewing and only time will tell what it is. Huge increase in interest. Let's see how much follow thru there is today. This may not be the Rumble in the Jungle but it may end up being the Rumble on Wall Street. Here's hoping.
Nate5656: It is not a matter of faith when it comes to public companies. It is a matter of business sense and the direction management takes with the company eventually showing immense strength or just another bust. I predict that someday, PRHL will announce a move that will break the back of the shorters. Unfortunately, it was me who caused the huge short position initially when I bought PRHL all the way down to .048. The hook is set with the shorters and they have no way but to fight this stock every step of the way and today is a good example of that. If shorting wasn't present, PRHL would be much much higher but you can see the war between buyers and shorters. The needed announcement has yet to come and when it does we all will know it. Faith won't move this stock, massive continued buying for good reason like a significant announcement will do the job. Just for the record: PRHL cumulative short volume over the past 3-4 years is about 48 million shares and the actual current real short position is probably 16-18 million shares. Its these 16-18 million shares that will move PRHL when the squeeze trigger price is reached. Just be patient and it will happen.
Mr. 4444 I agree with you and I too am impatient. At age 85 I probably have less time to wait so I say to Management "Let's get on with it".
Per BuyIns.Net, the short volume yesterday was 86,500 shares with a total trading volume of 209,501. That translates to 41.29% shorting yesterday. Today should show some fireworks. When will the shorters learn? PRHL hasn't seen .084 in some time. Watch what happens when it reaches .12.
Thus far this AM, 209,000 shares have traded with the last sale at .084 up 5%. If the tape isn't telling a story, I will tell you what I am seeing. Big buyers with lots of money are picking up PRHL and that to me means there is something in the wind. I can only guess that it is probably something like application for NASDAQ or its equivalent. Whatever is coming, it is welcome and about time.
Quiet like we have never seen and yet buyers still picking up low hanging fruit. Something has to be brewing. The .08 mark has been strong and occasionally a large block buyer shows up. To me, that shows strength in this issue. Time will tell if I am a dreamer smoking pot or otherwise.
There is no question, revenues and earnings control the share price.
That being taken into account, the infrastructure had to be built and the parts assembled to get the wheels rolling. That takes lots of time and the Lexington matter set PRHL back over one year. Now with AIC in place, that too takes time to ramp up. It will happen, just not fast enough. Now to discuss today trading:
Per Tom Ronk's report to me:
231,688 shares were shorted equaling 35% of the total volume
474,627 shares were bought at the offer.
195,741 shares hit the bid.
There was a seller on the offer along with sellers hitting bids.
This is called tag teamed and there was no way to go higher.
Answer to all this bad behavior is massive buying and if PRHL has any kind of good news, now is the time to release it. I hope management is reading this post.
Three and one half hours of trading and the volume is 553,900 shares traded. Up 3.8% at .082. A lot more selling than I expected but it is better that the weak holders get out now rather than later. I hold to my earlier prediction that the company must have something brewing. Any suggestions? I also am interested in the volume of shorting today and I should get those figures tomorrow. I'll post them if and when I get the number.