**ON TOPIC** Got a phone call from PRWT management today. It wasn't John, and niether will I mention his name. Management has been baraged w/pnone calls,and e-mail, and the poor secretary seemed to be at wits end trying to handle all the calls. "Mr X" as I will call him asked me not to even post the info, becouse of all the rumors that get started, but if someone else got communications, I would hope that they would do the same. So I'll leave his name out, and only hope I did not jeopordize any future communications, by posting this.
First of all, the info was not earth shatering, but did help to clear the air on some subjects, however, I did not get all the info I was hoping to get. Lets just say, I'm a hopefull skeptic that has been pacified untill the middle of Sept.
BELIZE: All funds are supposed to be in place to start mortgaging. Belize gov't/PRWT relations are still unknown to me, except that politics were alluded to being the culprit. An e-mail from Giovanni Smith the other day didn't tell me anything else either, except that PanAm was still schedualed to show homes at the grand opening of Lagoon Estates. Houses being built will apparently be marketed towards Belize nationals living in America, Belize gov't employees, AND, Intel is reported to be starting operations in Belize, for which American employees will be needing places to live.
REALTY MONEY CENTER: NRPI did get their commitment from our Realty Money Center. There was no PR from PRWT, becouse it was considered a nonevent. I mean really, 2 1/2 mill is a drop in the bucket to the reported 500 mill in buisiness it did last year. The Realty Money Center is the same one that Dave Williams started in '88, and was aquired in whole by PRWT. No name changes, no new co.'s started and then aquired. Whatever the sales were that was mentioned in the PR will be added to 10Q that will be reported. I forget what the actual # was, 300mil seems to strike my mind. Now thats the profits they got for placing and serviceing 300 mill in loans.
INSIDER TRADING: MrX was very enthused about the possible revs that IT could bring. He would not, or did not know exact percentage takes from commisions, but there seems to be some confusion on the thread about what the comisions are. $21.95 for all except BB stocks, plus a little bit more depending how the trader routes his orders. BB stocks are $30.00. Check IT's web page. CNBC ads are forth comming, no exact date was given, and no other formal (newspapers, magazines, etc...) means of advertising are in the works as of now. IMO, they better get hopping if they want to see a good subscriber base soon. I would suppose that there would also be revs from the monthly fee for the level II service, but that would pale in comparison to what trading commisions could be, if marketing was done well.
PURE WATER SCIENCE: Plans are being made to resurect the old business. No details, or dates were given.
FUTURE BUSINESS/PR'S: While nothing specific was told me, John has apparently been very busy with new developments which will be taking him to Pittsburg, Pa. in a couple of days, and then off to somewheres else ( I didn't cath the name of the last city. I was trying to hit as many subjects as possible in the little time I had.) There are no new deals finalized to make a press release on at this time. And, PRWT will not make a PR, just to make one, to increase share price. Mr. X conveyed to me that although he, as with the rest of management and us, are are looking forward to increased share value, John will not do it on the wings of flash in the pan news releases, so short term traders can pump it and dump it. They are more interested in increasing value through earnings. In fact, Mr. X said he really didn't expect to see much of an increase untill 10Q's are posted. Half of me hopes he is wrong, the other half hopes he is right for stability's sake. Speaking of 10Q's, I'm not sure where the 15th of this month was brought up, but Mr. X said he doesn't expect them out till the middle of Sept.
He left me with these words of wisdom: Be patient. the undertakings of John, and the rest of mangement and staff are working full bore to acomplish as much as possible in as little time as possible. They can not possibly answer hundreds of e-mails, and phone calls they get a day. Let them do there work. When the next accomplishment is finalized, it will announced. Thats about all I have to say.
Oh, BTW, Mr. X wanted to commend Top Dog, and a fellow with the handle "t.rex" for their mature handling of stressful situations, and feed back to inquisitive, and impatient investors.(which probably included me). He reads SI, and Raging Bull often, and being a trader himself, understands the anxiousness we all hold, but if you want to belive, you'll just have to be patient. Otherwise, sell, and find happiness elseware. (last sentence mine) He also said he followed many SI investors into USPX. OUCH!
Got to go now.
alan |
