Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I agree completely, but I am far from the loudest with my 15 posts a day... definitely one of the smartest. I behave like your President for a reason. If the point you're making is noise.....Tim Sykes is one of the loudest out there...hint hint. watch and learn!!! if you were smart you'd be playing my plays and making real good $$$
For those of you that still care.... here is a little info on what Bruce Scambler has been up to:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=88958724
DEAD WEEEEEEEEEEEEEEEEEEEE
DEAD DEAD DEAD DEAD DEAD..............
that's to bad you should keep a eye on them tho
you are so right with that and from my understandi the pumper that trashed this stock are in jail ? but pro is a totally different come over to that board and read the DD
Not so sure....you didnt do to well here looks like
come over to PELE no scam there
So many scams so little time.
Everywhere you look on the OTC/Pink shits it's one scam after another.
When is the SEC gonna close this cesspool market down for good.
Been almost 2 months with no updates, no news and no movement. I have tried to get in touch with folks and get no response. What about anyone else?
Is this a case of no news is good news?
Did you try the info in the ibox ?
There is something going on between the SEC and SUNR. The SEC could not elaborate on exactly what is going on though. I got this info from the SEC. They said I should write the company to find out more information; but I am not even sure how to get a hold of SUNR anymore.
it is but it's not trading we were told last year or so that they were going to try and get every thing in order (for the pinks)to start trading again ..still waiting there is a phone number in the ibox if you want to call...
Mr. Bruce Scambler,
405-608-2700
if you find any thing out please share
...is this company still in business?
I dont see any bid or ask on it....anyone know whats up with this company these days?
Thanks
they put great fights on with good numbers it will be interesting to see how Monson holds up in the ufc fight card
Pedro Rizzo Vs Jeff Monson Art Of War Fight Video
Posted By: Bruno Published in Fight Results
Sun Sports Entertainment’s Art Of War fight card provided plenty of good fights and a great finally between Pedro Rizzo and Jeff Monson.
The larger than expected turnout of over 7,500 Texans saw steady action between Rizzo and Monson for most of the fight. Monson usually likes to take it to the ground early but instead decided to keep the fight standing.
Early into the first round Rizzo’s right eye began to swell from Monson’s punches getting through and eventually started bleeding steadily. Near the end of the round Monson finely went for a take down but Rizzo avoided it and rolled Monson to his back.
Monson looked to be in control the first half of the second round. As the round progressed things changed as Rizzo started getting in more leg kicks and was backing Monson up. A frustrated Monson went for a few take downs but each one was fended off by Rizzo.
In the beginning of the third round Rizzo started finding his range and was popping Monson with hard leg kicks and good head shot from strait away. The worn out Monson got caught with a hard one-two combo that knocked one of his teeth out and dropped him to the canvas. Rizzo pounced on Monson but the referee pushed him off and the fight was over.
Rizzo looked really good in the fight and showed that he still has that power that he possessed in his early days of fighting.
http://www.mmatko.com/pedro-rizzo-vs-jeff-monson-art-of-war-fight-video/
ART OF WAR 3 PAY-PER VIEW
Edwin Figueroa who is another Sun Sports Fighter is doing very well for himself but it does go to show the company had done very well at some at some points and in some regards.
http://www.bloodyelbow.com/2011/5/19/2179361/jason-reinhardt-vs-edwin-figueroa-set-for-ufc-on-versus-5
SUN Announces "MANO A MANO" Fight Card
http://www.marketwire.com/press-release/sun-announces-mano-a-mano-fight-card-1221057.htm
thanks,we'll wait~~~
m1999
what is going on here,any info.?
m1999
I'm wondering if sunr is new on the L2 for LKEN ? SUNR was getting into finance and am wondering if they are the same
Quote:
--------------------------------------------------------------------------------
This expansion will require forming additional subsidiaries, including SUN Investment & Finance Inc
--------------------------------------------------------------------------------
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=41473268
or if it a coincidence for the SUNR ??
can any one find out ?
I have not heard any thing and I have not made any calls either
if and when any happens I'll post it but no email alerts yet
Any new news about SUNR??!
Don't know for sure RDog.
I doubt it though. Too many hotter paths ta follow associated with those caught in the sting. I don't think steven Humphries had anythin ta do with Sun but he could have. Humphries is tellin his story in order ta stay outta prison. He'll likely answer whatever they ask. Sun is probably a low priority.
I think both would be worth the call! I am sure they both will have something to say.
calling the lawyers or sun
I think it worth calling and may let us know where things are at!
Thanks pdgood are they looking into sun ?
so do you think we should call !!! I still have my shares like a dummy
That is the sting that nabbed Epstein and Humphries. Now they are piecin tagether the team. You'll find that the tenecles reach out a long way in various directions.
Read the NIR board messages. Focus is on Epsteins partner Steven Humphries. Both had cooperation clauses with the Feds to reduce their sentences. Epstein lied about sellin shares and went to prison within days. Humphries has been free and talkin ever sence. No word yet on the case being developed against NIR as well as several others associated with the group. Seems a US Senator may be involved. Some of you may recognize the name David Walters. He was associated through NIR and appointed Humphries as CEO of one of the involved companies. His wife is Senator from Cal. Mimi Walters.
I think this may be what they are talking about! Sounds pretty big!
Penny Stock Promoters Charged by SEC in Series of Kickback Schemes
Thursday, October 7th, 2010
Washington, D.C., —On October 7, 2010, the (SEC) Securities and Exchange Commission charged more than a dozen penny stock promoters and their companies with securities fraud for their roles in various illicit kickback schemes to manipulate the volume and price of microcap stocks and illegally generate stock sales. One of the schemes was perpetrated by an actor who starred as a police officer on the long-running television show CHiPs.
SEC worked closely with the U.S. Attorney’s Office for the Southern District of Florida and the Federal Bureau of Investigation as the separate schemes were uncovered through FBI undercover operations conducted in such a way that no investors suffered harm. The U.S. Attorney today announced criminal charges against some of the same individuals facing SEC civil charges.
In the SEC’s complaints filed in U.S. District Court for the Southern District of Florida, the schemes generally involved the payment of kickbacks to purportedly corrupt pension fund managers or stockbrokers, who would use their clients’ accounts to purchase the publicly traded stock of microcap issuers controlled or promoted by the individuals and companies charged today. What the promoters and insiders did not know was that the people with whom they arranged these illegal transactions were actually undercover FBI agents or confidential sources participating in undercover operations.
“These corrupt promoters meticulously planned their schemes down to the last detail, except for the possibility that they were walking into an undercover operation,” said Robert Khuzami, Director of the SEC’s Division of Enforcement. “This joint law enforcement effort is a stark warning to those who embark on securities fraud schemes that we may be listening and we may be watching.”
Eric I. Bustillo, Director of the SEC’s Miami Regional Office, added, “These penny stock promoters paid illicit kickbacks to people who they thought would help them profit at the expense of unsuspecting investors by manipulating the price of their stock or fraudulently selling their shares.”
The SEC’s complaints allege the following individuals and companies perpetrated various kickback schemes:
* Larry Wilcox, who lives in West Hills, Calif., and played Officer Jonathan “Jon” Baker on CHiPs, perpetrated interrelated kickback schemes with two other penny stock company executives. Anthony Mellone, who lives in Fort Lauderdale and was CEO of Tri-Star Holdings Inc., began the process by paying an illegal kickback to a purported employee pension fund trustee who was to purchase 40 million restricted shares of Tri-Star stock. Days later, Mellone paid another kickback for a purchase of 50 million restricted shares of stock. Unbeknownst to Mellone, the corrupt trustee and the trustee’s business associate were undercover FBI agents, and another middleman was an FBI cooperating witness. Mellone, satisfied how the deal worked for his own company, sought to implement the same fraud with others. He informed Wilcox and Alex Parsinia of Calabasas, Calif., about the purportedly corrupt trustee, and both agreed to replicate the scheme for their own companies. Mellone demanded and received a $1,000 kickback from the witness for each completed restricted stock transaction he initiated. In each instance, the three attempted to conceal the kickback by entering into a consulting agreement with a phony company the trustee purportedly created to receive the kickback. Parsinia’s company is Zcom Networks Inc. and Wilcox’s company is The UC Hub Group.
* Jean R. Charbit and Tzemach David Netzer Korem engaged in a fraudulent kickback scheme to manipulate the stock of a microcap company so they could then sell their own shares at an artificially inflated price. Charbit, a stock promoter, paid an illegal kickback to a purported corrupt stock broker (actually an undercover FBI agent) to induce him to purchase $300,000 worth of stock in the microcap company for his clients’ discretionary accounts. Korem drafted press releases for the penny stock company and served as its transfer agent through his company, First Public Securities Transfer. Korem, as the penny stock company’s transfer agent, issued the stock certificate for the kickback. Charbit is a French citizen with a residence in Miami. Korem is believed to reside in Los Altos, Calif., and has several aliases. He also created a fictitious country, the Dominion of Melchizedek, which claims “ecclesiastical sovereignty” on an island in the South Pacific and has been the subject of criminal prosecutions in several countries.
* Scott R. Sand, the CEO and Chairman of Ingen Technologies, paid illegal kickbacks to an FBI undercover agent portraying an employee pension fund manager and to a cooperating witness portraying the manager’s associate. The kickbacks were to induce the employee pension fund manager and his associate to purchase millions of restricted shares of Ingen stock. Sand also issued millions of shares of Ingen stock to the associate in exchange for acting as a middleman in the scheme. Sand told the purported manager and associate that he was trying to generate the appearance of market interest in his company, induce public purchases of its stock, and ultimately increase the stock’s trading price. Sand lives in Calimesa, Calif.
* Jeffrey Galpern, a stock promoter who lives in Boca Raton, Fla., told a cooperating FBI witness that he held four million shares of stock in a Las Vegas-based microcap company and wanted to increase its value. Once the price spiked, Galpern planned to sell his own shares of the stock. He offered to promote the stock through a promotional website, and indicated that properly-timed press releases would sufficiently disguise any spike in trading volume by making it appear they were the reason behind it. Galpern intended to repeat the scheme at larger volumes and told the cooperating witness they could “continuously make money” through such a fraud.
* Bruce Palmer and his company AccessKey IP Inc. paid an illegal kickback of 30 million shares of restricted AccessKey stock to a purported corrupt stock broker (who was actually an undercover FBI agent) so he would purchase 90 million shares of AccessKey stock in order to generate the appearance of market interest in Palmer’s company. Palmer attempted to conceal the kickback by issuing the shares to the broker’s girlfriend and drafting three AccessKey press releases to provide a reason for the anticipated higher-than-normal trading volume created by the large purchase. Palmer did not know the broker’s girlfriend was a fictional character created by the FBI. Palmer resides in Placitas, N.M.
* A pair of executives at Texas-based penny stock companies Earthworks Entertainment Inc. and The Fight Zone Inc. paid illegal kickbacks to a purported trustee of an employee pension fund so the trustee would purchase 40 million restricted shares of Earthworks and 200 million restricted shares of Fight Zone stock. John “Buckeye” Epstein and Steven E. Humphries attempted to conceal the kickback by entering into a consulting agreement with a phony company the trustee purportedly created solely for the fraud. However, the corrupt fund trustee and the trustee’s friend who helped arrange the deal were actually undercover FBI agents. The company was actually a fictional entity created by the FBI for the sting operation. Epstein resides in Addison, Texas, and Humphries lives in Plano, Texas.
SEC alleges that the promoters in some of these schemes understood that they needed to disguise the kickbacks as payments to phony consulting companies, which they knew would perform no actual work. In other instances, they knew that the purported corrupt fund managers and brokers would be violating their fiduciary duties to their clients by taking part in the kickback schemes.
These SEC’s complaints allege the defendants violated Section 17(a) of the Securities Act of 1933, and Section 10(b) and Rule 10b-5 of the Securities Exchange Act of 1934. The SEC is seeking permanent injunctions and financial penalties against all defendants; disgorgement plus prejudgment interest against defendants that received ill-gotten gains; officer-and-director bars against the individuals who served as officers or directors of the microcap companies involved; and penny stock bars against all individual defendants.
This information was obtained from the SEC’s website.
If you feel you are a victim of these alleged fraudulent schemes of these individuals or companies, call a Securities arbitration lawyer for a free consultation on how to recover your losses. To speak with an attorney, call 888-760-6552, or visit www.stockmarketlawsuit.com. Soreide Law Group, PLLC., representing investors nationwide before FINRA the Financial Industry Regulatory Authority.
http://stockmarketlawsuit.com/securitiesfraudlawyer/?tag=john-buckeye-epstein
post it or the links
Much more to the Buckeye Epstein and partners story goin down right now. Much more involved than ya might imagine.
Hahaha!!!!! That's great....the system still works....
Investing in MMA
http://www.suite101.com/content/how-to-invest-in-mma-a357114
this just came up today ....I'm sure it's old.. but it has the sun link on it
http://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=28367563
http://investing.businessweek.com/research/stocks/private/people.asp?privcapId=28367563
SUN Management Group, Inc. operates as a sponsorship and marketing company in Texas. It plans, produces, and supplies special events to represent athletes, television and movie stars, keynote speakers, and other related industries. The company also provides corporate clients direct access to a database of various personalities for branding, spokesperson, appearance, and image/likeness needs. In addition, SUN offers tickets and hospitality to events, corporate destination, and theme cruises. The company primarily serves sports and entertainment industry. SUN Management was founded in 2005 and is based in Addison, Texas.
http://www.linkedin.com/company/sun-sports-and-entertainment
I don't have any thing & from the sound of it I don't want to know ..it's bad enough my self and every one on here lost cash and we are sitting on useless shares
OK so what do ya have on the guys I asked about?
I assume you know somethin about the players, their pasts and their links to each other.
you can ask any questions you want about sun but when you use words like you and your You make it sound like we had a part in something ???
and it sounds like you know more about sun than any one here on this board...&
sounds like the sh** is hitting the fan as well as it should !! there are a lot of people that lost boat loads of money with sun
What's the connection between CJ Comu and NIR Group?
Also between Comu, Steven Humphries and Buckeye Epstein?
NIR funded Comu's ventures even though they were in court against each other several times for non payment of Convertable Notes.
Bucheye Epstein was the president of SUNR until Comu fired him. He then hooked up with Humphries who also got funded on a regular basis by NIR. They also started another company with Michael Gelmon who has been named in several articles and posts as NIR's stock shorting associate.
This company SUNR was associated with all of the above. In fact there is a court case involving NIR right now that contains an email from Humphries to NIR asking about the SUNR Shareholderts List he was to receive from Corey Ribotsky of NIR.
I'd say these questions are about as ON Topic as it gets in regard to SUNR even though some might not want them asked on a public stock board.
Followers
|
42
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
6388
|
Created
|
03/13/07
|
Type
|
Free
|
Moderators |
"We've have reserved the names and hope this month to incorporate and capitalize SUN Sports Inc., SUN Entertainment Inc. and SUN Investment & Finance Inc., each to be wholly-owned by SUN Sports and Entertainment Inc.," said Mr. Scambler. |
http://www.sunorganization.com/
In recent years medical tourism has greatly expanded. Destinations include: spa centers, anti-aging treatments, diets, treatment of obesity. Our organization can offer package tours: accommodation, transportation and car rental in Romania. All package holidays offered by our company are carefully selected to promote with link directory eco-tourism and environmental preservation.
Travel packages for our clients including: airfares, hotels with healthy meals and car hire
Adventure, Mountain Tours, Exotic Seas, Luxury Resorts with vegetarian meals
We promote Eco-Travel all over the world with respect for the Nature and Environment
THE one stop for ALL your World Championship Sports & Entertainment Events. ( SUNR)
Sports & Entertainment, Inc. (OTCPK: SUNR)
Sports & Entertainment, Inc. is a Professional Mixed Martial Arts Event Production and Promotion Company specializing in concept-driven MMA events. SUN is a Certified and Licensed Combative Sports Promoter that produces World Class MMA Events under the brand, Art of War.
SUNR is a professional Sports and Entertainment company dedicated to delivering high energy combative mixed martial arts and boxing events to the millions of fans world wide. Today, SUNR has planned for multiple events scheduled to be produced and showcased in select cities - internationally . SUN events can be seen on HD Net, Pay Per View or on DVD. We encourage you to "Tune in - Turn on" and enjoy the show.
Event Productions
SUN produces, promotes and operates world class international combat sports events in Mixed Martial Arts (MMA) to capitalize on (according to Newsweek Magazine "the fastest growing sport in America"). SUN produces its brand under the banner of “Art of War” that showcases pound for pound fighters from around the world that compete for the coveted World Championship Belt. SUN produces events that are rated and sanctioned by the International Fighters Association (IFA) a non-profit organization incorporated under the laws of Luxembourg. SUN will also be involved in the production and promotion of World Championship Boxing Events, showcasing some of the nations top tier fighters, former Champions and up and coming new breed of fighters. SUN events are shot on High Definition (HD) and broadcast on HDNet. SUN will also showcase certain of its events on Pay Per View which is negotiated on an event by event basis.
SUN License Opportunity
SUN is seeking strategic relations for the expansion of its global business model. If you are an individual or organization that is interested in hosting and or co-producing a Mixed Martial Arts (MMA) or Professional Boxing Event in your local or foreign market - we welcome your inquiry . SUN has a complete turnkey plan that can deliver a total package to include; Fighters, Media, Sponsors, Merchandise, Broadcast Rights and other residual income opportunities. If you ever dreamed of becoming a fight promoter, producing fights or owning a fight - SUN wants to meet you.
Market Opportunity
Mixed martial arts is one of the world’s fastest-growing combat sports entertainments. The sport is extremely popular with males between the ages of 18 and 34 and is a preferred entertainment of the high tech generation. Because of the audience demographics, the sport is attracting a growing number of advertisers interested in reaching this elusive target audience. Industry sources estimate the potential market for mixed martial arts events currently approaches $1 billion. The sport is presently dominated by privately-owned Ultimate Fight Championship.
Aggressive International Expansion
SUNR is rapidly expanding its global footprint through strategic partnerships and licensing agreements with groups interested in becoming part of one of the world’s fastest-growing sporting events. The Company offers business concepts for hosting events or works with partners to jointly produce mixed martial arts or professional boxing events both nationally and internationally. In addition, SUNR offers event package deals, which include top-ranked fighters, large-scale media coverage, assistance merchandizing the Company’s branded product at the event, broadcasting rights and associated revenue-generating services. SUNR may also form alliances with broadcasting companies to air their events on a Pay-Per-View basis.
Investment Considerations
• Mixed Martial Arts is one of the fastest growing sport in the world
• SUNR owns two fight labels, Art of War and MANO-A-MANO
• Art of War is a non-demographic specific label and has produced 4 successful PPV events
• MANO-A-MANO is a label targeted at the Hispanic demographic
• The Hispanic demographic is the largest in the world and the fastest growing in the U.S.
• The globalization of sports has expanded the potential audience and introduced cross border popularity.
• Newsweek Magazine deemed mixed martial arts as “the fastest growing sport in America.”
• SUN management has been involved in the sports and entertainment business for more than 25 years, and has developed events for Major League Baseball, the NFL, the NHL, the NBA, the PGA, and World Cup Soccer.
• SUN has produced events that have been featured on NBC, ESPN, HBO, Fox, and Showtime.
• The nationwide MMA market is estimated to be $1 Billion with one primary player in the space, which is privately held and controlled by UFC (Ultimate Fighting Championship).
http://fights-mma-mixed-martial-arts-art-of-war.com/
===========================================================================================================================
Sun Sports & Entertainment On ValueRich TV
http://www.wallstreethdtv.com/watch.php?vid=45&ppt
www.wallstreethdtv.com/watch.php
===========================================================================================================================
Company to Add Two Additional Directors, Engage Independent CPA Firm, Move Office and File Financial Statements in Effort to Renew Listing on Pinksheets
OKLAHOMA CITY--(BUSINESS WIRE)--SUN Sports & Entertainment Inc. (OTC: SUNR - News), a Mixed Martial Arts (MMA) event promotion company, announced today that the 10-day trading suspension imposed on the Company last month on October 21, 2009, has expired.
Last Friday, Bruce Scambler, a Company Director and spokesman, said, “We have provided FINRA and the SEC with the information requested and I’m happy to report that the suspension has been lifted, however the Company will trade on Grey Market until we file the appropriate application with FINRA for relisting on Pinksheets. In the interim we have continued to take strategic steps to further our plan of restructuring to transform the Company into a sports and entertainment holding company, as announced in our September 14, 2009, Press Release. We now have two new Directors who have agreed to join me on the Board, Mr. Fred Graves Luke and Mr. Donald Lake, neither of whom has had any prior involvement with the Company or business relationships with any of the former officers and Directors of the Company, and we intend to engage the independent CPA firm to prepare unaudited 2008 and 2009 financial statements in accordance with GAAP before posting them with Pinksheets.
“We’ve have reserved the names and hope this month to incorporate and capitalize SUN Sports Inc., SUN Entertainment Inc. and SUN Investment & Finance Inc., each to be wholly-owned by SUN Sports and Entertainment Inc.,” said Mr. Scambler. “The SUN Sports Inc. subsidiary, once the Sports Promotion License can be transferred, will attempt to resume its Mixed Martial Arts promotion activities, SUN Entertainment Inc. will hold the Company’s Film Library and Trademarks and pursue Licensing opportunities, and the SUN Investment & Finance Inc. subsidiary will initially focus on action sports investments and financing opportunities.”
According to Mr. Scambler, the formation of the SUN Holdings Inc. subsidiary, intended to serve as the vehicle for the Company’s planned expansion of its Mixed Martial Arts fight promotion activities into foreign markets, is on hold. “Going into foreign markets at this time, with everything else that we are dealing with right now, is premature,” said Mr. Scambler. “Our immediate attention needs to be on the completion of updated financial statements, the re-listing on the Pinksheets and the relocation of its new subsidiary in organization, SUN Sports Inc., in the Dallas area, and the Company and the other subsidiaries in organization, to new offices in Nevada, California and here in Oklahoma. In the interim SUN Sports and Entertainment Inc. will continue to maintain its principal office at 1300 N. Penn. Avenue, Suite 150, Oklahoma City, Oklahoma 73120.”
Commenting on the recent suspension of trading in the Company’s stock, Mr. Scambler said, “The apparent reason for the 10-day suspension seems to the result of increased public interest and trading in the Company’s stock following announcements made over the last twelve months. I also believe that certain events over the last year relating to litigation and disputes involving the Company, which could have an adverse impact on the Company’s financial condition, need to be addressed now to put an end to the rumors and possible investor confusion. First, last July, the Company did not get its expected dismissal of the 2008 lawsuit between the Company, as Defendant, and Mr. Buckeye Epstein, as Plaintiff, over a $16,000 Employment Agreement dispute as it was continued is now set for Trial in February 2010. Secondly, the Company is currently attempting to settle a $500,000 loan made to the Company related to the Art of War 3 - USA vs. Brazil fight. Lastly, there are two recent disputes which do not yet involve the Company in litigation: first, a Notice to Vacate issued to the Lessee of the office space in Addison, Texas, which the Company formerly sub-leased as its principal office, and secondly, a recent dispute with a private equity investment firm over an agreement which allegedly closed in November 2008, resulting in the Company issuing shares of its Series A Convertible Preferred Stock and $1,450,000 of 14% Convertible Promissory Notes in exchange for a $5,000,000 equity investment which the Company never received.”
Commenting further Mr. Scambler said, “In addition, the Company may have an issue relating to an agreement with Dish Network for the purpose of re-broadcasting the Company’s Film Library using its wholly-owned subsidiary, Sports Radio Event Network, Inc., which may now have to be terminated unless Sports Radio can obtain the necessary working capital. And, as a point of clarification, in the September 14, 2009 press release the firm of Tatum LLC was reported as being ‘terminated’ when it actually resigned from its engagement for lack of payment.
“As previously stated in the September 14, 2009 press release, our restructuring plan is very ambitious,” said Mr. Scambler, “but achievable provided we have the support of our vendors and lenders, and the required working capital financing. To date however we have not been able to attract sufficient working capital to pursue the whole of our planned activities as aggressively as we had hoped. As a result I would like to forewarn those who may be considering buying the Company’s shares in the future: an investment in the Company’s shares at this point in time must be considered highly speculative.”
http://finance.yahoo.com/news/SUN-Sports-and-Entertainment-bw-2284769683.html?x=0&.v=1
SUN Sports & Entertainment to Restructure for Expansion
As of 3:28 PM ET 9/14/09
SUN Sports & Entertainment Inc. (PINKSHEETS: SUNR), following the July 31, 2009 resignation announcement of CEO CJ Comu, the company has moved quickly to effect a restructuring to allow for an aggressive expansion plan created by Director Bruce Scambler (a British and American dual national) and Global Market Advisors Inc., an independent Newport Beach, CA advisory firm specializing in multi-national mergers and growth strategy for established businesses in the Hospitality, Entertainment and Gaming Management industries.
Last month, in rebuilding the company's Board and management team, Mr. Gentry, who was President and Chairman, together with Mr. Coe, Chief Operating Officer and Director of SUN, announced they would be stepping aside in favor of the new Board and management team which is being assembled by Mr. Scambler, SUN's remaining Director and officer. Mr. Scambler reported that the new Board will be bringing more international experience to the management team. "We are now at the beginning of the end of the restructuring," said Mr. Scambler. "This plan is ambitious, I must admit, but achievable provided we have the support of our shareholders and lenders, and the required working capital financing."
According to Mr. Scambler, the company intends to restructure so that SUN Sports & Entertainment Inc. will continue as a publicly held holding company with industry-specific U.S. subsidiaries, SUN Sports Inc. -- holding the U.S. license to the SUN brands, "Art of War" and "Mano-a-Mano," will focus on the branding, franchise and sponsorship aspects of the company's historical Mixed Martial Arts (MMA) and UFC-type fight MMA promotional activities. SUN Entertainment Inc. -- (assuming the role of placement agent and distributor of all SUN managed events) will leverage the company's extensive relationships expanding a proposed company owned on-line "Pay Per View" format, video games and merchandizing. Additionally, according to Mr. Scambler, the company is in the process of expanding the business scope to include combination events linking together the best integrated entertainment events spanning hospitality, event entertainment and gaming management. This expansion will require forming additional subsidiaries, including SUN Investment & Finance Inc., which will cover casino and gaming expansion and a foreign subsidiary -- Sun International Holdings Inc. -- which Mr. Scambler envisions holding the company's interest in its planned expansion into the U.K., Western to Eastern Europe, China, South Korea and other Australasian Markets. Mr. Scambler, who has extensive experience working in the U.K. and Europe, explained that the U.K. is one of the largest UFC and MMA fight markets in the world and offers SUN the opportunity to gain significant market share in this exciting and growing market.
Mr. Scambler, a CPA in the US and a Chartered Management Accountant in the U.K., as part of the restructuring ended the external CFO role being provided by Tatum LLC. Our focus, explained Mr. Scambler, needs to be more on the future Global opportunity, not the historical local market. Global Market Advisors Inc., which joined the company earlier this month, will provide just that spark and efficient systemic approach to enable us to proactively secure these international opportunities. According to Mr. Scambler, the company has been able to formulate and is commencing implementation of what it believes will be a successful domestic export and international growth strategy which should rebuild shareholder value and establish the company as a leader in the international expansion of this new and fast growing MMA and UFC fight industry.
http://finance.yahoo.com/news/SUN-Sports-amp-Entertainment-iw-168458889.html?x=0
SUN Sports & Entertainment Inc. (SUNR) is professionally sports and entertainment company that produces Mixed Martial Arts (MMA) Events. SUN owns the following MMA Brands; Art of War (www.artofwarLIVE.com) Underground Cage Fighting(www.undergroundCAGEfighting.com) USA Mens National Team (www.teamUSAmma.com), Steele Cage Promotions (www.steelecage.com) and the International Fighting Organization. SUN also formed the International Fighters Association (www.ifapro.com) a non profit that ranks and rates professional MMA fighters based out of Luxenburgh. SUN events are broadcast to millions viewers across the globe via cable and satellite televisio
|
pinksheets.com/pink/quote/quote.jsp
www.sunorganization.com/news.html
http://www.pinksheets.com/otciq/ajax/showFinancialReportById?id=12830
http://pinksheets.com/otciq/ajax/showFinancialReportById?id=11353
Regarding Share Structure as Posted at www.Pinksheets.com -
Transfer Agent
Routh Stock Transfer,
5700 Plano Parkway
Suite 1000
Plano, TX 75093
Tel 972-381.2782
Fax 972-381.2783
6860 N Dallas Pkwy.
Suite 200
Plano, Texas 75024
jfreeman@routhtransfer.com
http://www.routhtransfer.com/index.html
Auditor/Accountant
PETERSON & COMPANY, LLP
Certified Public Accountants
13455 Noel Road, Suite 1475
Galleria Tower Two
Dallas, Texas 75240
(972) 628-4000 Main
(972) 628-4010 Fax
dan@petersonandcompany.net
http://www.sunorganization.com/
http://www.artofwarlive.com/
http://www.ifapro.com/
________________________________________________________________________________________________________________________________
________________________________________________________________________________________________________________________________
FOR SEC FILINGS:
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001398968&owner=include&count=40
_______________________________________________________________________________________________________________________________
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |