ProElite, Inc. (fka PELE)

[236T568]

geesh, we are debating how, as per PELE's SEC filings, no matter what, SMDI, once it converts the preferred stock of SMDI that it owns, is going to own 95% of the common stock and current stockholders other than Blech are going to own about 1%, getting diluted 100 to 1 from current holdings and you post a resume of of a Director to prove that current stockholders will not get diluted 100 to 1?


ok....

Actually you are completely wrong! Fancy math again! lol! Here is what I believe!

ProElite Inc. Names Jerold Rubinstein, Former Co-Owner of United Artists Records, as Chairman of the Board and Chief Executive Officer

Renowned Entertainment Executive Brings Proven Record of Business Leadership to ProElite

Mr. Rubinstein has been a member of the board of directors of Stratus since March 2011 and has been chairman of the audit committee since that time. He is a member of the board of directors and the chairman of the audit committee of CKE Restaurants, the parent company of Carl’s Jr. Restaurants and Hardee’s Restaurants, which had $1.3 billion in revenues in 2011. He also serves as the non-executive chairman of U.S. Global Investors Inc., a mutual fund advisory company which had $42 million of revenues in 2011 and $2.6 billion of assets under management. Mr. Rubinstein has created and sold numerous companies during his career, including Bel Air Savings and Loan and DMX, a cable and satellite music distribution company. Mr. Rubinstein started and sold XTRA Music Ltd., a satellite and cable music distribution company in Europe. Most recently Mr. Rubinstein consults with, and serves on, 3 early stage development companies. Mr. Rubinstein is both a CPA and attorney.

Go ProElite!