Premier Holding Corp. (fka PRHL)

[Elliot09]

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.