Frank Mills increases shares controlled to 53% July 8, 2015
Announcement that Frank Mills acquired 53 thousand plus shares at $4.00 July 8, 2015. So he could sell control of this company. The book value of a PRL share is about $7.00 and that does not, most likely, include the market value of the 2.9 acre that is in excess of the carrying value of the land. IF HE AGREES TO SELL CONTROL WOULD THAT LEAD TO AN OFFER FOR ALL THE SHARES AT ONLY $4.00 ? It is very unlikely that he would sell control for anything less than full value. Soooo... this could lead to a very pleasant ending for all shareholders, and sooner than later.