SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion. -- Ignore unavailable to you. Want to Upgrade?


To: Ga Bard who wrote (5810)7/31/1999 2:55:00 PM
From: joepcf  Read Replies (1) | Respond to of 150070
 
I think we all need to take a real close look at PRIM. I'm going to repost the PR from the other day. Pay close attention to the 3rd paragraph sounds like we have some deals soon to be announced. Bishop also stated after talking with the company we can possibly expect 2prs this week. We could take off from here.....

Wednesday July 28, 7:02 am Eastern Time
Company Press Release
SOURCE: PrimeHoldings.com, Inc.
PrimeSource Changes Name to PrimeHoldings.com and Stock Symbol To OTC Bulletin Board: PRIM to Better Reflect Strategic Direction
SALT LAKE CITY, July 28 /PRNewswire/ -- PrimeSource Communications Holdings, Inc. (OTC Bulletin Board: PSCM - news), today announced that the Company's name and stock symbol are changing to PrimeHoldings.com, Inc. and OTC Bulletin Board: PRIM, respectively, to better reflect the company's strategic direction as a holding group for high-growth, Internet-related technology companies. The change is effective Wednesday, July 28, 1999.

In a recent letter to shareholders, Company President and CEO Thomas E. Aliprandi said, ''With the proliferation of the Internet and the vast number of small cap public companies in general, there has been a great deal of confusion in the marketplace and a lack of brand identity with our previous name. Additionally, the word 'Communications' in the old name vastly limited the perceived scope of our current and future business operations and activities.''

In making the announcement, Aliprandi also said, ''We continue to seek out and acquire an interest in Internet-related technology companies that complement our focus on business intelligence and electronic commerce. Much like CMGI, SoftBank Corp. and others, our intent is to acquire and manage a diverse portfolio of Internet-related companies that will yield an outstanding return on shareholder investment. A recent noteworthy example is our acquisition of bCard.net, a leader in smart card technology, which is one of several acquisitions that we expect to announce this year.''

Recently the Company also announced that the Standard and Poor's Editorial Board has approved the Company for a full description in Standard and Poor's Corporation Records and that its full description was published in Standard and Poor's Daily News Section on Monday, June 14, 1999. (See company announcement dated June 23, 1999.) Standard and Poor's has also begun financial coverage of the company as part of the S&P Market Access Program. PrimeHoldings.com's company coverage is now available on Standard and Poor's Internet Site, www.advisorinsight.com, as well as S&P Marketscope and the S&P Stock Guide databases.

About PrimeHoldings.com, Inc.

PrimeHoldings.com, Inc. (OTC Bulletin Board: PRIM - news) develops and operates Internet-related technology companies that together form a community focused on business intelligence and electronic commerce. Current PrimeHoldings.com companies include: bCard.net, a leader in smart card technologies; PrimeSourceNet, a leader in automated forms processing services; eROI, a cutting-edge provider of technology for evaluating hard-to-measure business processes such as training; and UniQuest Communications, a top agency of telecommunications reseller UniDial, Inc. For more information call 801-562-1444 or visit www.primeholdings.com.

This news release may include statements which constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Please be cautioned that any such forward-looking statements are not guarantees of future performance and involve significant risks and uncertainties, and that actual results may vary materially from those in the forward-looking statements as a result of any number of factors, including the risk factors contained in the Company's disclosure documents.

SOURCE: PrimeHoldings.com, Inc.

--------------------------------------------------------------------------------
More Quotes
and News: PRIM - news
PrimeSource Communications Holdings Inc (OTC BB:PSCM - news)

Related News Categories: internet



To: Ga Bard who wrote (5810)7/31/1999 3:49:00 PM
From: Bob B.  Read Replies (1) | Respond to of 150070
 
Your post wasn't very clear to me. I don't understand your points. If you are trying to make the point that there would be a defense against a legal action that it true and obvious. There had better be. Not many would just give up in a legal case. But remember that in civil cases that you only have to be certain beyond a reasonable doubt. In a criminal case you have to be certain without a doubt.

If a shareholder can prove in court that a company had misinformed them with the ill INTENT of manipulating share price price, then not only is the company liable, but individuals associated with the company could also be liable. It will not matter what disclaimers are made. There is a fine line of what a disclaimer can do especially in court.

If I put a sign in front of my house that said "Beware of Ice On the Steps, enter at your own risk", but proceeded to spray the steps with water everyday so it would freeze, knowing that eventually my step mother would come over and trip. Do you think that the disclaimer would save me.

If a company publicly claims that another company (McGladrey Network" has audited their financials, and it is not true, then there could certainly be a legal claim against the company.

If a company leads people to believe false financial information and uses an auditing services name to support them up without permission, then once again there could be legal action taken. That would certainly be defamation of character and name.

As far as my example went, that is all it was, so I really don't understand what point you are trying to make.

My point in the previous post was that there was probably some serious pressure put on them from many direction. I'm not so sure that the company would have issued the statement without it. And I doubt very much that it had anything to do with the "Kindness of their Hearts".

Let me ask you another question, with this great PR the company released the stock value should have been over $2. Why then after the big accumulation that took place From July 23 through the time of the press release did the major accumulation start to end. Don't you think that there would have been even more accumulation after the release since the average shareholder had no idea of the EPS that was reported. Why was there so much dumping of the stock on Thursday? The william's%r even hit bottom Friday morning (before the news) at the -100 level. The charts so it.

209.67.221.61

Without a doubt in my mind there were people who new when to buy and knew when to sell this stock.

I understand that you are not interested in the stock and don't intend to be, I am only responding to your previous post. I'm also not trying to start an argument with you.

Regards
Bob B.