Replies to post #5882 on ProElite, Inc. (fka PELE)

[ncj167]

IMO SMDI will make the books look good real soon!


The Company intends to use the net proceeds ($465,000) to fund its immediate obligations and provide interim funding to PEI pursuant to the Amendment, (see Item 1.01) and for working capital for the Company.
On February 23, 2010, the Company issued a press release relating to its assumption of control of the board of directors and management of PEI

http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7084899

[jacktrades]

This is true. When it all comes down to it the books rule the stock market. Both Pro Elite and the IFL had books with 30 million or more debt....and yet they both still had multi dollar price tags. Both stocks had highs of $13+ and had respectable time periods of $3 to $8. With that said both companys over spent money. Pro has eliminated the waste and knows what works and what does not.

PELE has a fresh new start with new owners. Should be only one place to go and thats up

[ncj167]

Wow.. 103 .. :)

PELE = $$$$$$$$

[whateva77]

I think $7 to $8 is more like end of year once they announce deals in the works at this time if they have them going on which I personally believe they do.jmo

[Sims84]

And I'll take the $5 to $7 range by the end of the year :) one of us will be right and all of us will be wealthy :)

We haven't even scratched the surface with the potential yet. I think we will surpass that $15 a share mark when it's all said and done.

Before the November fight, we will a TV deal in place, that will be huge!

I can't wait! Go PELE