Premier Holding Corp. (fka PRHL)

[Bigspirit1]

Elliott,

I know you have lost more money than I have and respect your insight that the SEC problem was more the auditors issue rather than RL. Let me share a link to the financials of another RL company that just went public.

https://www.sec.gov/Archives/edgar/data/1616788/000121390018002420/0001213900-18-002420-index.htm


First thing to note is that it is the same auditors. I suggest that they may work together through a number of different ventures. Wouldn't you have changed auditors if they were the problem? RL resigned as CEO and Chairman of this venture in December after his SEC problems surfaced. The stock for both ventures, and a couple of others is being marketed through what some would describe as a boiler room operation. Potential investors are called and given a lot of BS. In fact you might want to think of the operation as BS's boiler room. The financials are a joke. Expenses rise in concert with fundraising. Equipment expenses are outrageous for a skeleton staff. RL pays himself a fee for advising himself. Sound familiar?

These are two examples in a series. Since the SEC charge, he managed to launch yet another venture that is being pumped. He appears not to be creating wealth by increasing shareholder value, but increasing his own wealth through fundraising.

Please verify for yourself and let me know if you have changed your mind. Perhaps we can each send something to the SEC lawyer that was listed.