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.
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.
Sillerman's latest deals:
Temenos Residence Resorts - Bankrupt
http://online.wsj.com/article/SB126014120205579167.html
FXRE - Bankrupt
http://www.prnewswire.com/news-releases/fx-real-estate-and-entertainment-inc-announces-voluntary-delisting-of-common-stock-from-nasdaq-and-receipt-of-notice-of-initiation-of-trustee-sale-procedure-against-las-vegas-property-61816732.html
CEXE - Dead on arrival -- penny stock
http://finance.yahoo.com/q?s=CEXE
VGGL - Sucked millions of investors money down to a penny stock
http://finance.yahoo.com/q?s=VGGL
So, now there is SFXE. Already down and heading down further. This beast is already losing tens of millions per year.
Past in prologue. Sillerman has lost it.
Pro
Regardless of your pump&hype, the markets have spoken. Once the pump and dump PR stock agents sell out (just like VGGL), this baby will plummet. That being said, the markets are have already spoken, closed down today!
For the love of god, read my past posts, I've lost big with this loser Sillerman. This will crumple shortly.
Pro
How about FXRE, which he drove straight into bankruptcy. This is a polished turd, Sillerman special. It's already losing $60m a year.
Pro
This is another Sillerman turd. Just look at his last IPO, VGGL.
Pro
3.1 Closing Deliveries by the Huff Funds. At the Closing, the Huff Funds shall deliver or cause to be delivered to the Purchaser:
(i) Stock transfer powers with respect to all of the Common Shares, duly executed in blank by the applicable Huff Fund;
(ii) The original certificate representing the $0.07 Warrants, together with warrant transfer powers with respect to the $0.07 Warrants duly executed in blank by the applicable Huff Fund;
(iii) The original certificate representing the $0.08 Warrants, together with warrant transfer powers with respect to the $0.08 Warrants duly executed in blank by the applicable Huff Fund;
(iv) The original stock certificate representing the Special Preferred Share, together with a stock transfer power with respect to the Special Preferred Share duly executed in blank by the applicable Huff Fund; and
(v) the resignation of Bryan Bloom as a director of Circle Entertainment, effective immediately upon delivery.
3.2 Closing Deliveries by the Purchaser. At the Closing, the Purchaser shall deliver or cause to be delivered to the Huff Funds:
(i) The Aggregate Price (which equals $200,009.39) by two wire transfers of immediately available funds to the separate bank accounts of the Huff Funds as specified on Exhibit A attached hereto.
Fishing for info? I've been adrift in this shitbox for 3 years. I'm not buying, nor can I sell. (No one has a more vested interest on the open market than my position.)
Fishing for info? What on gods green earth good would it do if I hadn't any real and relevant information. There is no volume, no demand, no interests and no value to the shell.
The only option for me is a sense of humor and to be patient.
Pro
I'm vested and without control, so there is really nothing more that i can do then hope for a bang or bust. With a bang, I'm out, with a bust (bankruptcy) I'm writing if off and out...
That is pretty funny. What a tricky bunch.
Circle Entertainment Major Shareholder Brett Torino Purchases 7,781,209 Shares (CEXE)
Posted by Tammy Falkenburg on Oct 2nd, 2013 // No Comments
Circle Entertainment (NASDAQ:CEXE) major shareholder Brett Torino acquired 7,781,209 shares of Circle Entertainment stock on the open market in a transaction that occurred on Monday, September 30th. The shares were purchased at an average cost of $0.03 per share, for a total transaction of $233,436.27. Following the completion of the acquisition, the insider now directly owns 176,238 shares of the company’s stock, valued at approximately $5,287. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Circle Entertainment (NASDAQ:CEXE) remained flat at $0.035 during trading on Tuesday. Circle Entertainment has a 1-year low of $0.02 and a 1-year high of $0.14. The stock’s 50-day moving average is $0.03 and its 200-day moving average is $0.03. The company’s market cap is $2.3 million.
Circle Entertainment Inc is engaged in the development and commercialization of its location-based entertainment line of business.
As I have constantly said over the last 4 years I've owned this stock, they will do something with it. Just to maintain compliance, auditing and filings alone on a OTCBB is time consuming and costs real money. I don't buy the notion that they only do it to pay themselves handsomely, simple because to date, there is no revenue and they are writing IOU's to themselves while funding out of pocket.
Let me be clear in my opinion:
1) They will drop assets into the shell and inflate the value.
2) They will pay themselves handsomely for their efforts.
3) They will pump and dump this stock.
4) They have no regard for creating long term shareholder value for anyone.
That being said, every single stock Sillerman (and co.) has been affiliated with has rocketed up, and then always free falls downward. Expect this, plan this, ride your risk and sell soon.
Pro
I assume Brett knows more than we...
I'm watching intently. : )
I ask myself the same question. It's in a coma, on a respiratory, but it's still alive.
As long as you two are willing to pay for the wedding. Lost all my cash in CEXE...
Pro
Indeed Ben!
The less busywork I need to worry about as a shareholder, the better. I needn't worry about management salaries, fees, endless transaction reviews, revision and new ratifications. That is their job. I just get to sit back, relax and enjoy my profits made on my $250K investment into CEXE stock.
Curses!
Pro
Ben:
Take solace in the fact that these highly experience B.O.D. electees are focused on making CEXE a long-term, sustainable endeavor that will be highly profitable for its shareholders. Much like FXRE, VGGL, etc.
Lets count on them to do whats best for our interests.
Pro
Ben. Completely agree.
I'm hoping SFXE will flop like VGGL. (That's a personal vendetta) All I can do is hope that CEXE goes bankrupt so I can write the loss off...
Pro
Stepped into the shadows is more appropriate. Like cancer, he tends to return when you least want or expect it.
Pro
Sillerman's SFX IPO will be D.O.A.
http://www.youredm.com/2013/09/04/economic-impact-electric-zoo-tragedy/
Bet Sillerman is wishing he invested a little more time into the wheel project about now.
Pro
I really don't expect anything until late 2014, once the facility and wheel are complete, and even then who knows...
Time will tell. Nothing I can do except hold and monitor.
Maybe some speculation that once the leases draw in capital, then they'll advanced into the shell.
Pure, wild speculation on my part. No need for a new diatribe from Ben.
Pro
Thick as thieves.
Maybe Chuck Whittall can sell his Challenger 300 to help pay the bill. After all, its just a $25 million dollar airplane "that helps create thousands of jobs..."
http://www.eliteaironline.com/pdfs/Spring_2013.pdf
My point exactly. 1900 shares at $.03 per share. A $57 dollar transaction? This to keep the CEXE shell reporting, filing, legal, expenses, etc.
Why do Sillerman, Kanavos, Torino and company even bother...
Pro
Who's buying? There is zero volume or demand.
Why go through the effort at all? They could have shuttered this POS on many occasions. There are no assets, no land, no property income, only debt.
Why continue?
Girls, girls. You can stop fighting, you're both pretty. Now can we move the board back on topic now?
Pro
Sold out to whom? Who's buying...
Ring in New Year's Eve 2014 at I-Drive Live?
http://www.cfnews13.com/content/news/cfnews13/on-the-town/article.html/content/news/articles/cfn/2013/7/26/ring_in_news_year_s_.html
One Titanic was enough for me.
Scratch that. The Titanic was actually built!
Sillerman's next IPO - CEXE screwed again...
http://www.hollywoodreporter.com/news/robert-sillermans-sfx-entertainment-files-576407
Odds on building?
What news? There is nothing to report. Until Sillerman decides he wants to do something with this raped shell, nothing will happen. And why do something with CEXE when he can buy a new reporting shell for next to nothing.
If they went bankrupt at least I could write it off...
Pro
Nothing to report, so who cares...
Nothing will take place until after these options expire. CEXE will keep them underwater so Kitchen doesnt execute. That will be in Sept. 2015.
SCHEDULE C
Designees
FXRE Shareholder List
http:/
EXHIBIT A
LICENSEE WARRANT
COMMON STOCK PURCHASE WARRANT
NEITHER THE WARRANT REPRESENTED BY THIS CERTIFICATE NOR THE SHARES ISSUABLE UPON EXERCISE HEREOF HAVE BEEN REGISTERED WITH THE SECURITIES AND EXCHANGE COMMISSION OR THE SECURITIES COMMISSION OF ANY STATE IN RELIANCE UPON AN EXEMPTION FROM REGISTRATION UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”), OR ANY APPLICABLE STATE SECURITIES LAWS AND, ACCORDINGLY, MAY NOT BE OFFERED OR SOLD EXCEPT PURSUANT TO AN EFFECTIVE REGISTRATION STATEMENT UNDER THE SECURITIES ACT OR PURSUANT TO AN AVAILABLE EXEMPTION FROM, OR IN A TRANSACTION NOT SUBJECT TO, THE REGISTRATION REQUIREMENTS OF THE SECURITIES ACT AND IN COMPLIANCE WITH APPLICABLE STATE SECURITIES LAWS OR BLUE SKY LAWS.
FX REAL ESTATE AND ENTERTAINMENT INC.
No. [ ] [ ] Shares
THIS CERTIFIES that, for value received, William J. Kitchen [and/or the Designees specified in the License Agreement] (the “Holder”), is entitled to subscribe for and purchase from FX Real Estate and Entertainment Inc., a Delaware corporation (the “Company”), upon the terms and conditions set forth herein, at any time after the date hereof (the “Initial Issue Date”), and before 5:00 p.m., New York City time, on September , 2015 (the “Exercise Period”) up to Three Million Seven Hundred Fifty Thousand (3,750,000) shares, $0.01 par value, of the Company (“Common Stock”), at an exercise price of $0.20 per share (the “Exercise Price”). As used herein the term “this Warrant” shall mean and include this Warrant and any Warrant or Warrants hereafter issued as a consequence of the exercise or transfer of this Warrant in whole or in part. All capitalized terms used in this Warrant but not otherwise defined herein shall have the meanings ascribed to them in the License Agreement (as defined below).
Right now, I'm considerably in the hole between the transaction fees and the Avg. per share price. time will tell.
Not sure where I sit on the totem pole. All I know is that its "immaterial". Between myself and a few others, we're at least 2 million of the float.
Pro