5/9 vote reduce AS to 80Bil
100.2B at Pinksheets 11-11-04
Prime Rate Investors, Inc. Votes to Reduce Authorized Common Shares
Monday May 9, 11:08 am ET
STOWE, Vt.--(BUSINESS WIRE)--May 9, 2005--Prime Rate Investors, Inc.'s (OTC.PK: PRRM) board of directors announced it decided unanimously to reduce the company's authorized shares to 80 billion shares of PRRM common stock. As such, the shares are subject to all SEC and regulatory statutes. The company's share structure will be updated on and can be viewed at www.pinksheets.com.
PRRM President Dan Burgess asserted that the non-dilutive adjustment "will realize increased value to shareholders."
Pennies not a zero sum game as much as some zero game.
