It is my understanding that TPC has been sold to AOTS along with two other companies and the paper work is being completed soon. I also understand that the delinquent 10K and 10Qs are to be filed soon. The 14C is to be filed soon and that will complete the transaction with AOTS. The final act will come when shares of AOTS (name to be changed to THE POWER COMPANY)are distributed to the PRHL shareholders. This has all taken a very long time but it is getting done according to the rumor mill. I also understand that AOTS (TPC) is to be listed on NASDAQ or NYSE and that is no minor fete. This has all been directed by Westpark Capital, the brokerage firm handling this entire matter. PRHL shareholders retain their shares, but that leaves PRHL with no assets until management finds a suitable acquisition and starts rebuilding PRHL. It has not been easy waiting for all this to happen but the nature of this complex transaction is such that a lot of people are involved and that is time consuming. One issue I have not seen discussed is the status of the short position for PRHL. I have followed this issue for 5 years and I estimate that there is a huge short position in PRHL and I have not seen any short covering. What happens when PRHL distributes the shares to its shareholders of the AOTS-TPC shares it receives for the sale of TPC and AIC to AOTS? Big question in my mind.
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