Comments on July CEO Letter

My two week vacation from Prime is over.

I have added some shares at these low levels for the purpose of taking a little off the table when we get a bounce. To those who are shocked by this strategy please go back and read your own posts....

A quick look through the couple of hundred posts (on Raging Bul) from the last two weeks is interesting. Still mostly bickering.

RF4C (RB Handle)- I spent about 2 hours on the phone with the SEC about 3 months ago. They have taken a cursory look into Prime and find the company's practices lacking but find no evidence that it is a scam or that any crimes have been committed. If you have anything new to add that is specific please feel free.

The new deal is encouraging but as always we really do not know enough of the details to talk with intelligence about its implications.

Two things to watch out for:

1) If this becomes a de facto reverse split i.e. 100 pmhj shares = 1 share in New Horizons Telco

2) If we get another name and ticker change quickly. This would indicate that they are trying to get lost, in order to, attract new "investors." Look at a company that used to be called Eagle Worldwide Marketing for a classic application of this strategy.

I am also concerned that there are no June numbers yet and this move is another excuse for not obtaining funding. Tom just bought himself another couple of months. Only time will tell and no one really knows- do they?

If these scenarios are avoided and we get funding from this move than us longs still have a chance to prosper. I am still hopeful and remain optimistic but would strongly recommend booking some profits from the coming bounce just in case it turns out to be a dead cat bounce.

May you glass always be full.....