Prime Rate Investors Inc. (fka PRRM)

[rctrader2]

PRRM Co. turnaround..just getting started..Overview/DD..

By: goldeneye2005
30 Oct 2004, 10:27 AM EDT
Msg. 7160 of 7260
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also must read this investor update from about a week ago-to sign up, e-mail the company with your e-mail and telephone number--- Dear Shareholders:



This is our first company update issued only to opt-in shareholders. We make no promises regarding the regularity of such updates, but whenever appropriate we will attempt to disseminate, reiterate, and clarify information through these updates in conjunction with press releases.



Many shareholders have emailed or called regarding the company’s strategy, acquisitions, PPS, the status of NHGP, and a R/S. Accordingly:



· We acquired Prime Rate Investors, Inc. on September 24, 2004. It has only been a little over three weeks, during which we have implemented the beginning of our aggressive growth strategy that we believe will translate into positive shareholder value. M&A targets have positive cash flow, established customer base, and human resources that parallel our strategy in our industries. By this plan we will build infrastructure for a network of multi-media and wholly owned subsidiaries within associated industries. If we use, for example, $1 million of restricted stock to acquire a private company that is worth say $2 million in a public vehicle - not to mention adds value through its strategic placement, existing relationships, expanded customer base, and the benefits of economies of scale - then the overall value of our company and hence the price per share will increase.



This week we closed on the acquisition of High Angle Media, Inc.. This is in line with our model of growth.


We currently await information from NHGP’s securities attorney(ies). When we receive the details we will issue a press release delineating the specifics.


A R/S is not in our plan. While we can identify instances that would necessitate a reverse split, none apply to our current plan: value-added financing in line with a specific PPS, or a move-up, for example.


In consideration of the question of moving to the OTC.BB: again it has only been 26 days. We are busy with daily operations and future acquisitions and as we explore this option we will communicate with shareholders.




Shareholder Quote of the Day: “Shareholders make the company, not just management”



Lastly, we were shocked to receive the following and thought we would share the question(?) and our response:



“Sorry,



But this is looking more and more like a stock selling scam to make the

directors of the company rich. Day after day, dump after dump. Why you keep

killing every attempt that this stock tries to run is beyond me.. I'm so

fking sick and tired of watching this type of #### go on! Please don't try

and ######## me, its painfully obvious that you people are dumping the stock

at .0001 ever freakin chance you get!!!



Still a shareholder but its not looking good at all.. So much for

shareholders value, that seems to have went into the companies directors

pockets.. I'm sure you will all have a great winter and enjoy x-mas this

year on out cash...



I don't expect a response being that I never got any responses in any other

e-mails asking about the dilution..”







“Thank you for your concern, ******, however brash. We acquired Prime Rate Investors a little over three weeks ago. We have stated our plans for growth many times over this short period of time. Furthermore, we are working extremely hard to keep the extensive shareholder base - which we consequently acquired - informed.



Obviously, officers of the company received restricted stock from the acquisition of PRRM and this cannot be sold immediately. Typically restricted stock has a one to two year waiting period - and even then there are limits as to how much can be sold.



Jim, it has been three weeks; we are just getting started.



If you have further concerns, please do not hesitate to email, call, or better yet, come visit our facilities and meet our sizable crew in person to lay these worries to rest.



By the way, you've emailed us three times; we've responded twice now. “







Thank you all for your continued patience and support. We are proud to comprise the management of Prime Rate Investors, Inc.. We are confident that the strategies we are pursuing will yield increased shareholder value over time.





Sincerely,



Dan Burgess

Prime Rate Investors, Inc.

145 S. Main St.

Stowe, VT 05672

[phone]

[e-mail]





This notice may include forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involve risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic and business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.



CONFIDENTIALITY NOTICE



ALL INFORMATION, INCLUDING BUT NOT LIMITED TO, NAMES, DATES AND FACTS CONSTITUTING THIS ELECTRONIC TRANSMISSION CONTAIN INFORMATION FROM PRIME RATE INVESTORS, INC TO THE RECIPIENT(S) LISTED ABOVE, CERTAIN OPT-IN SHAREHOLDERS OF PRRM; COPYRIGHT 2004, PRIME RATE INVESTORS, INC. IF YOU ARE NOT THE INTENDED RECIPIENT, BE AWARE THAT ANY DISCLOSURE, COPYING, DISTRIBUTION OR USE OF THE CONTENTS OF THIS ELECTRONIC TRANSMISSION IS PROHIBITED BY THE LAWS OF THE STATE OF VERMONT AND THE UNITED STATES OF AMERICA. NO ACCIDENTAL DISCLOSURE OF THE INFORMATION CONTAINED IN THIS ELECTRONIC TRANSMISSION SHALL IMPAIR THE CONFIDENTIALITY OF THE INFORMATION CONTAINED HEREIN. IF YOU HAVE RECEIVED THIS TRANSMISSION IN ERROR, PLEASE NOTIFY US BY TELEPHONE IMMEDIATELY SO THAT WE CAN ARRANGE FOR THE RETRIEVAL OF THE DOCUMENTS AT NO COST TO YOU.