PHSL owns interest in Penthouse Media Group? from businesswire 2004 "We are pleased that we have been able to resolve all the issues with PHSL and its controlling shareholder, Dr. Molina, to enable the PENTHOUSE(TM) Magazine and related media businesses to go forward as a financially viable enterprise. We have high expectations for its future," commented Marc H. Bell, Managing Partner of Marc Bell Capital Partners LLC.
Dr. Molina said, "WE ARE ASLO PLEASED WITH THIS RESOLUTION WHICH WILL GIVE PHSL AND IT'S STOCKHOLDERS AN ONGOING EQUITY INTEREST IN PENTHOUSE MEDIA GROUP AND AN OPPORTUNITY TO BUILD THE BRAND IN CERTAIN FOREIGN MARKETS, INCLUDING MEXICO."
So that would mean that Penthouse Media Group's $500 Million acquisition is BIG news for PHSL! I woonder how much the equity interest is, and what PHSL is worth now? Does anyone have evidence to the contrary, or are we getting ready to take off?
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