Prime Rate Investors Inc. (fka PRRM)

[asterix]

IS it allready been posted,i don't know,won't hurt :

IMPORTANT PRRM UPDATE! real stuff direct from management

This is the most up to date information I received from Management(I spoke with Ian) as of 1/7/05, Friday evening:

1. Yes, Dan has been in Colorado this week. The reason being is that they just locked up an acquisition over there and they can begin building Monday.

2. The resort they are working on in Colorado is bigger than I imagined. When I asked him what scale they were looking at, his reply was roughly: "we think this could be the biggest ski resort in the country."

3. THEY WANT OFF THE PINKS! Ian was very clear and forward with me that management very much wants to get PRRM off of the Pink Sheets. It got even better. He says they are FULLY audited and can basically move onto the OTCBB as soon as possible. He couldn't tell me whether or not they had been buying shares recently ornot. This would be due to their efforts on getting onto the OTCBB - insider buying restrictions. They are currently restricted to buy or sell any shares and said they would like to begin retiring shares as soon as possible. He said to me with an almost agitated tone in his voice that there is just no need for there to be that many shares out there. I agree . They also are working on releasing the updated share structure. Prepare for big news next week he told me. Hmmmmmmm

4. They plan on "sitting down" with the MM's on Tuesday. They are tired and fed up with the BS that is going on with the stock. They are finally taking the right course of action and dealing with them personally. And since he mentioned the OTC, they might be working on making a market for PRRM there as well. The latter part is just my own personal thought.

5. NO R/S! Just like before, he reassures me there will be NO r/s. I didn't have to ask him. He wanted to make it clear on his won that they understand an r/s will do the company no good and that he would rather see the PPS where it is now longer if need be rather than reverse split. I'm sure I'll get some basher jokes on that one. He understands that an r/s will be devestating for the company in the long run.

6. They have $4 million liquid right now. He says getting on the OTCBB will require only about $250,000 so the financing is not a problem whatsoever. Again, after telling me this, he says to prepare for big news next week. Again, hmmmmmmm

And then we discussed other minor details and chatted a little about the recent activity of both the stock and the company. Ian couldn't stress enough how hard they are working. They are working day and night, 7 days a week. This wasn't just some BS spiel that you'll over and over again. He has been contacting investors all day and night in efforts to answer any questions they had before next week rolls around. I could tell from the tone of his voice that he was exhausted and very agitated, lol. This isn't a scammer type Pink Sheet company. They are very forward with ANYTHING you ask them(barring that it's legal for them to answer, lol) and are going out of their way today and officially putting their reputation on the line. Now some of this may be a refresher for some of you and all of it may be completely new for others. What ever the case, I hope this information is useful. I can't tell you how excited I was throughout the entire conversation. We chatted for about 20 minutes and the entire conversation was filled with great news.

Ian concluded our session with yet more reassurance that big news is on the way - prepare for it next week.

Raging Bull post 20242

Asterix.

When NITE leaves the ask ,be prepared ,fasten your seatbelts ,after $0.0003 ,RALLYYYYY ON,It's gonna run like a Gazelle

PS:Is a Lion faster then a Gazelle

Asterix..