I'm surprised with the claim that there is a large short here.
The SHO list does not show any shorting of PRRM. The volume only seems to jump when PR's are released by the company and the increase in volume per PR is little. I would think that a company with outstanding shares in the tens of billions would, if shorted be on the SHO list daily.
This leads me to believe that the claims of a large short position on this stock are false and misleading.
The PR released by the company claiming to have paid off the mortgage for Stowe tv seems incomplete. There is no address of a property in that PR and all information to this point seems to show that PRRM was a tenant and not a property holder. Until they post an address, this is one PR that is certainly in question.
We keep hearing about funding coming. Where is it? I guess the best way to finalize that funding is by attending trade shows, if what has been posted here is to be believed.
I took 2 sheets of paper and attempted to write the positive and negatives about this company and why I would consider either investing again in this company or funding it if I was in that business.
I filled both sides of my negative sheet, and have sat looking at a blank positive sheet.
When you open or expand a business and have limited funds, you take small steps to grow. This company has issued LOI's that indicate the will to grow, but has fail to complete them. They have failed to keep investors up to date, and it seems are using a select few posters to release some important information .
I personally believe none of the info that has been posted here regarding funding...buybacks...shorting and bigger companies.
This company is at this time, just as it looks. Failing, and poorly. With the OS this high, I expect the company to do a massive reverse split ( The 2 PR's saying no reverse mean nothing ) and start financing itself by dilution again. No Financial Institution in it's right mind would fund this company unless they received a high interest rate or a chattel guarantee.
I find little proof that PRRM has much in assets to put up against a loan but I could be wrong.
I guess all that some can do here is wait, and hope that the posters that claim to be in the know are correct. No new money is being placed here and shareholders seem stuck.
Good luck to all...your in need of some.
All JMHO....except the good luck part...I know you need that.
AI
