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PELE was totally silent for over a year.
Recently Pro Elite Was part of a 40 million dollar offer to Purchase strikeforce....
http://mmajunkie.com/news/22812/sources-...
The IR person on her facebook has also said news will come once the details are together http://investorshub.advfn.com/boards/rea...
Several board posters have contacted Paul Feller for info. Confirming News will come when its ready.
The stock still has a 59 million OS and 250 mill auth... Not changed in over 3 years.....float is super, super low and tight This was a 18 dollar stock that held a solid $2-5 range
This stock fell from a bankrupcy scare, that never happened 3 years ago. PELE never bounced due to company not holding events but they sold off assets that did not work and cleared debt. This article Bridges the gap between first ceo and current owners http://sportsillustrated.cnn.com/2009/wr...
CBS/Showtime 20% Shareholders in PELE!
Must Watch*****Dana White "All these guys come out and raise money and say they are going to compete with me" CBS WILL TRY IT AGAIN !!!
it is 1/2 way in the video 2:11min he knows something and he let it slip !! Pro Raised money and CBS is a shareholder. Sounds like pro is back on CBS!
http://prommanow.com/index.php/2011/03/2...
BROCK LESNAR DEATH CLUTCH "DEMONS" MMA T-SHIRT SMALL
Learn to Fight and Win with Frank Shamrock - Power Striking
Important*****Frank Shamrock still a shareholder! This seems to say that he knows share price will recover.
"Shamrock acknowledged that he was, and still is, a shareholder in ProElite, EliteXC’s parent company"
https://www.fightlegendsclothing.com/blo...
In March of 2011 Pro Elite was rumored to be the unsuccessful second bidder against the UFC in an attempt to acquire rival MMA promotion Strikefore. The offer was said to exceed 40 million dollars. Principals at Pro Elte immediately confirmed the companies intention to re enter the MMA live event promotional business as they had with the record breaking Kimbo Slice events on CBS. Rumors immediately began circulating that Pro Elite was targeted as a strategic acquisition by either the UFC or an unidentified third party investor wishing to enter the MMA promotional space. PELE.PK stock jumped from .01 per share to more then .20 per share in two days as investors realized the stock routinely traded at $15 per share while Pro Elite was promoting live events.
http://en.wikipedia.org/wiki/ProElite
Old Showtime Elite XC Website still up
http://www.sho.com/site/elitexc/home.do
http://www.sho.com/site/about.do
http://www.sho.com/site/sports/flash.do#...
It seems that showtime/cbs knew pele was going to comeback so they left the old website up
Updated PELE Pro Elite DD
PELE was totally silent for over a year.
Recently Pro Elite Was part of a 40 million dollar offer to Purchase strikeforce....
http://mmajunkie.com/news/22812/sources-ufcs-strikeforce-purchase-likely-hastened-by-other-interested-buyer.mma
The IR person on her facebook has also said news will come once the details are together http://investorshub.advfn.com/boards/read_msg.aspx?message_id=60942856
Several board posters have contacted Paul Feller for info. Confirming News will come when its ready.
The stock still has a 59 million OS and 250 mill auth... Not changed in over 3 years.....float is super, super low and tight This was a 18 dollar stock that held a solid $2-5 range
This stock fell from a bankrupcy scare, that never happened 3 years ago. PELE never bounced due to company not holding events but they sold off assets that did not work and cleared debt. This article Bridges the gap between first ceo and current owners http://sportsillustrated.cnn.com/2009/writers/josh_gross/02/06/chuck.champion/index.html
CBS/Showtime 20% Shareholders in PELE!
Must Watch*****Dana White "All these guys come out and raise money and say they are going to compete with me" CBS WILL TRY IT AGAIN !!!
it is 1/2 way in the video 2:11min he knows something and he let it slip !! Pro Raised money and CBS is a shareholder. Sounds like pro is back on CBS!
http://prommanow.com/index.php/2011/03/24/strikeforce-done-working-with-camo/
Important*****Frank Shamrock still a shareholder! This seems to say that he knows share price will recover.
"Shamrock acknowledged that he was, and still is, a shareholder in ProElite, EliteXC’s parent company"
https://www.fightlegendsclothing.com/blogs/?p=471
In March of 2011 Pro Elite was rumored to be the unsuccessful second bidder against the UFC in an attempt to acquire rival MMA promotion Strikefore. The offer was said to exceed 40 million dollars. Principals at Pro Elte immediately confirmed the companies intention to re enter the MMA live event promotional business as they had with the record breaking Kimbo Slice events on CBS. Rumors immediately began circulating that Pro Elite was targeted as a strategic acquisition by either the UFC or an unidentified third party investor wishing to enter the MMA promotional space. PELE.PK stock jumped from .01 per share to more then .20 per share in two days as investors realized the stock routinely traded at $15 per share while Pro Elite was promoting live events.
http://en.wikipedia.org/wiki/ProElite
Old Showtime Elite XC Website still up
http://www.sho.com/site/elitexc/home.do
http://www.sho.com/site/about.do
http://www.sho.com/site/sports/flash.do#/site/sports/sxc.do
It seems that showtime/cbs knew pele was going to comeback so they left the old website up
ProElite to Rise Again? Good Read!
When news broke of the UFC purchasing Strikeforce last week, one of the interesting aspects was the mention of ProElite (PELE.PK) as a bidder for Strikeforce. Other than a few minor press releases after the organization had been purchased by Stratus Media Group, the company had been totally silent. However, it now seems apparent that the company had been making moves behind the scenes during this “quiet” period.
When Stratus purchased ProElite in early 2010, the first announced actions taken were the hiring of certain key personnel from “old” Pro elite. These were largely the management from the old company that were responsible for the positive achievements the company had made.
Douglas DeLuca was appointed to the board of directors. His bio on the ProElite.com website highlights his achievements of having “negotiated and closed deals for ProElite with a number of media entities including Showtime Networks, CBS Television, Mark Burnett Productions, IMG, and Fox Sports Net.” He is also cited as having numerous accomplishments in the production of a variety of TV series, specials, and feature films. Mr. DeLuca can be a major asset in ProElite getting new television deals due to his prior experience within the industry
Glenn Golenberg was also added as a board member. His accomplishments include his involvement in “…the financial services industry since 1966 and been involved in transactions that have historically included mergers and acquisitions, initial public offerings (IPO’s), financial restructurings, venture capital financings, and leveraged buyouts (LBO’s).” Mr. Golenberg is likely one of the key players for ProElite in negotiating with Strikeforce and other potential acquisitions.
Keith Walner was hired as Senior Counsel/Vice President of Business & Legal Affairs. His experience includes “20 years of experience as an attorney and a business & legal affairs executive within the entertainment industry handling a wide range of matters for live sports and entertainment events, as well as media distribution for major network broadcast television, premium cable, satellite television, and pay-per-view distribution.” Among his duties for the company, “Mr. Walner oversees all company legal matters, including production, distribution, censorship, advertising, and rights clearance. He handles all content acquisition and licensing for all domestic and international events and distribution and manages the organization’s intellectual property rights.” Mr. Walner's expertise would seem to be essential in negotiating the legal aspects of new TV deals and other intellectual properties for the company.
Obviously, these individuals were brought on board for their specific skills and experience. This would seem to indicate that ProElite has some pretty high aspirations for the company.
Paul Feller (CEO of Stratus Media and Chairman of the Board for ProElite) has previously indicated his desire to produce international events. The company still owns rights to the Cage Rage and Spirit MC brands along with the EliteXC brand. Cage Rage produced quality fight cards in Great Britain for many years. Spirit MC had produced numerous event in S. Korea featuring mostly Asian talent. It will be interesting to see if ProElite revives these brands, goes with the old EliteXC brand, or starts a new brand.
ProElite was able to become debt free before the purchase by Stratus and produces revenue thanks to deals made by the old CEO Chuck Champion. When Strikeforce bought some certain assets of ProElite, part of the deal was that ProElite would get payments from Strikeforce for each event produced until as late as 2013. Mr. Champion also made an agreement with Terry Trebilcock to allow King of the Cage to become an independent organization once again. As part of the arrangement, KOTC would make payments to ProElite for a specific period of time.
It is known that CBS/Showtime had been a shareholder in ProElite as part of an arrangement with the old company and there hasn't been any indication that CBS ever sold their shares. Whether CBS has any influence with the new owners remains to be seen.
Stock Investing Simplified
Since recent reports of ProElite attempting to purchase Strikeforce have indicated the company made offers for the purchase of Strikeforce of up to $40 million in value (cash and equity), it appears the company has access to the funding needed to relaunch the once major organization. The negotiations to purchase Strikeforce also explain the silent period after Stratus purchased ProElite since the company would have to be very careful about any information that could be released during that time due to SEC regulations and such.
There seems to be a huge opportunity in the world of Mixed Martial Arts now as the UFC's number one competitor (Strikeforce) is now under their control. At this point in time, there is no clear cut number two organization. If ProElite can relaunch with the kind of funding and expertise they seem to have available, it's possible they could once again become the major competitor to the UFC.
ProElite is based in Los Angeles, California. According to their website, the company's mission statement is: “To empower the MMA community by rebuilding and strengthening ProElite to earn the respect of fighters and fans alike, while ensuring thrilling live events that showcase the world’s leading fighters.”
ProElite to Rise Again? Good Read!
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