Finally we get an announcement re-stating the terms of the sale of the subsidiaries TPC and AIC. Number of shares PRHL is receive from AOTS is 19,250,000 which is to be distributed to the PRHL shareholders. The record date has not yet been determined but is expected soon. AOTS has already acquired RESCOM an energy supplier and AER and advanced lighting green company. This is a dynamic combination of acquisitions because of the rapid growth in asset values and earnings. Today's announcement restates the information in the 8K with slightly more details. Shareholders appreciated the announcement with increased volume of buying raising the price of PRHL to near .019. That is almost a 70% increase in share value.
In my estimation, that price is well below the potential for PRHL since it is now poised to find an acquisition that has both revenues and profits. If this dream comes true, the shareholders will have potential from two angles, PRHL itself and AOTS which is to change its name to TPC and be listed on NASDAQ. Maybe all the waiting will turn out to be worth it. We shall see.
