Circle Entertainment Inc (CEXE)

[form4_what]

RE: Deutsche Bank

Looks like collateral


The information below might have changed since the filings


CEXE 10-K 4/14/10

13,783,250 of the shares of (CEXE) Common Stock beneficially owned by Sillerman have been pledged to Deutsche Bank Trust Company Americas, together with certain other collateral, to secure a $50 million personal loan to Sillerman

http://sec.gov/Archives/edgar/data/1410402/000135448810001180/fxre_10k.htm

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CKXE

"....Sillerman owns 19.2 million CKX shares, or 21 percent of the company’s stock, according to an April regulatory filing. He pledged about 15.6 million of those shares as collateral against a $50 million personal loan from Deutsche Bank AG, according to filings. A closing price below $3 on any day when the August 2011 loan is outstanding, or below $4 after April 26, may trigger default, the filing shows."

http://www.businessweek.com/news/2010-05-07/ckx-ceo-sillerman-resigns-may-try-to-buy-company-update2-.html