AI
GM! Here is a tiny rundown on PELE,
Yes it did have a major spike a few months ago, they were pretty much inactive for over a year and a once $15 per share stock was down to .0075! Then Paul Feller (CEO of Stratus Media) took over as the new CEO and brought his money with him! So PELE wanted to buy Strikeforce for $40 Million so once that news hit, on a Saturday, that Monday came and the stock ran to .06! Then on Tuesday morning, it ran to .24 and then UFC swooped in and outbid Pro Elite and bought Strikeforce for $47 mil!
UFC's owner, Dana White, wants all of the fighters, therefore buys out all of the smaller companies so not to have any competition! Smart man but Paul Feller is no dummy either
. He went and hired two "big wigs" with HUGE MMA insider experience, T. Jay Thompson and Rich Chou! T. Jay is a huge "fighter seeker". He went and snatched up the former UFC heavyweight Andrei Arlovski and immediately put him under contract. Also grabbed a few more disgruntled UFC guys and signed them. Then started looking for the "up and coming" talent and grabbed UFC's superstar B.J Penn's younger brother, Reagan!! He will put fans in the seat just off of popularity, plus he knows how to fight ;)
They put a DTC lock on the stock back in April I believe due to some manipulation with the trading of the stock back in 2006 (nothing to do with PELE's company so no worry). So PELE did their part to expedite the investigation and an insider said the lock has been lifted, it's just awaiting the brokers to get the memo. So the stock price dropped from .24 down to about .04 after UFC outbid them for Strikeforce due to non believers of the "new" Pro Elite but as you can see, has climbed back up to .325 and that is WITH the DTC lock as only Zecco and TD Waterhouse can trade it. Once the lock is lifted (latest will be August 9th as that is the date the SEC has to close their investigation), don't be surprised to see a MAJOR spike as PELE has said they are waiting for the lock to be lifted before putting out as much major news as possible!
The company is back in the right direction and getting back to being a better ran company then they were back in 2008 when they were trading at $15 per share!!
They have their August 27th relaunch fight in Hawaii and tickets already went on sale!
http://www.businesswire.com/news/home/20110722006024/en/ProElite-Fight-Tickets-Sale-Tomorrow-July-23
They have their press conference this Friday in which they will announce their official fight card!
http://www.businesswire.com/news/home/20110726005751/en/August-Fight-Card-Revealed-ProElites-Friday-Press
They are also working on getting a TV deal for their November fight which will be HUGE!!
So there is a "quick" run down PELE lol. By years end, I'm expecting to be looking at a $3-$5 per share price, maybe more as they are looking at releasing A TON of news later to include shooting for about 12 events next year!!!!
Yes it did have a major spike a few months ago, they were pretty much inactive for over a year and a once $15 per share stock was down to .0075! Then Paul Feller (CEO of Stratus Media) took over as the new CEO and brought his money with him! So PELE wanted to buy Strikeforce for $40 Million so once that news hit, on a Saturday, that Monday came and the stock ran to .06! Then on Tuesday morning, it ran to .24 and then UFC swooped in and outbid Pro Elite and bought Strikeforce for $47 mil!
UFC's owner, Dana White, wants all of the fighters, therefore buys out all of the smaller companies so not to have any competition! Smart man but Paul Feller is no dummy either
. He went and hired two "big wigs" with HUGE MMA insider experience, T. Jay Thompson and Rich Chou! T. Jay is a huge "fighter seeker". He went and snatched up the former UFC heavyweight Andrei Arlovski and immediately put him under contract. Also grabbed a few more disgruntled UFC guys and signed them. Then started looking for the "up and coming" talent and grabbed UFC's superstar B.J Penn's younger brother, Reagan!! He will put fans in the seat just off of popularity, plus he knows how to fight ;) They put a DTC lock on the stock back in April I believe due to some manipulation with the trading of the stock back in 2006 (nothing to do with PELE's company so no worry). So PELE did their part to expedite the investigation and an insider said the lock has been lifted, it's just awaiting the brokers to get the memo. So the stock price dropped from .24 down to about .04 after UFC outbid them for Strikeforce due to non believers of the "new" Pro Elite but as you can see, has climbed back up to .325 and that is WITH the DTC lock as only Zecco and TD Waterhouse can trade it. Once the lock is lifted (latest will be August 9th as that is the date the SEC has to close their investigation), don't be surprised to see a MAJOR spike as PELE has said they are waiting for the lock to be lifted before putting out as much major news as possible!
The company is back in the right direction and getting back to being a better ran company then they were back in 2008 when they were trading at $15 per share!!
They have their August 27th relaunch fight in Hawaii and tickets already went on sale!
http://www.businesswire.com/news/home/20110722006024/en/ProElite-Fight-Tickets-Sale-Tomorrow-July-23
They have their press conference this Friday in which they will announce their official fight card!
http://www.businesswire.com/news/home/20110726005751/en/August-Fight-Card-Revealed-ProElites-Friday-Press
They are also working on getting a TV deal for their November fight which will be HUGE!!
So there is a "quick" run down PELE lol. By years end, I'm expecting to be looking at a $3-$5 per share price, maybe more as they are looking at releasing A TON of news later to include shooting for about 12 events next year!!!!
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