ProElite, Inc. (fka PELE)

[DalaiTom]

Partial Recap on the situation here:

ProElite is getting payments from Strikeforce (and King of the Cage) for each event they produce. Strikeforce is now owned by the UFC who will now be responsible for those payments.

ProElite was said to have been making offers to purchase Strikeforce for something in the neighborhood of $40 million. So obviously, ProElite has access to some serious funding.

ProElite IR person has stated news will be forthcoming.

Plus all the previous positive aspects of this stock:

no debt
low float
extremely tightly held float
$20 million tax loss carry forward (think, tax write-offs)

and more...