Circle Entertainment Inc (CEXE)

[profundshare]

This is all I've heard.

1) The lawyers we spoke with opine that its best to wait until they make the first move. The longer they wait, the more devastating to the investor, and the worse it looks.

2) Chuck and Unicorp are heavily entrenched and were planning to use I-Drive 360 (or whatever the name now) as one of the crowns jewels in a potential rollup and public offering. At least that was shopped around some houses in NYC.

3) Unicorp and Circle are fed up with the big steaming pile of "O" wheel that they purchased from Intamin for a bargain basement price of around $22million. They went ultra cheap, and they are getting ultra cheap. 8 months late already! Expect lawsuits shortly.

All in all, completely FUBAR...

PRO