Premier Holding Corp. (fka PRHL)

[Elliot09]

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.