Digital Domain Media Group Inc. (fka DDMGQ)

[jamesnames]

Yesterday Reuters article.

Ulbrich testified that he has talked to eight or 10 buyers in recent days and the company's chief restructuring officer, Michael Katzenstein, told the court 20 parties had signed confidentiality agreements.

Reuters on Tuesday reported that Prime Focus World, which created the special effects for the blockbuster "Avatar," was contemplating a bid, according to a person with knowledge of its interest.


I also remember an article from an industry trade magazine yesterday that stated it would likely for for much more than the intitial bid, and then it listed the reasons why.


Then you have the original founder of Digital Domain, who had been tweeting about this for a while, state that he won't be tweeting, as he signed and Non-Disclosure agreement. He stated earlier that he was raising money for a bid.

https://twitter.com/DrScottRoss

Scott Ross ?@DrScottRoss

Might not hear from me for awhile... The N and D stand for Non and Disclosure... I guess that means no sharing for a bit...


So, this has a great chance to spike once bids are announced. It will be over 15 million for sure, and likely far over it. Shorts will have to cover, and that will be tough with the tiny float, as they will be competing with those chasing the spike in price.


Fireworks will be going off soon. There are so many people who are going to contest this, that eventually, unsecured's MAY be in the discussions for getting something, as the senior lenders and DDMG management pulled some shady moves. There is just no way that this BK doesn't take a long long time, and that means there will be a number of spikes. The city got tricked into deeding over very valuable land to Digital Domain. It is property of the BK estate now, and all heck will be breaking loose.

http://www.palmbeachpost.com/news/news/digital-domain-tried-to-sell-prime-west-palm-beach/nR99Z/