Comments on: Strange happenings for ProElite http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/ Your Destination for Insider MMA News and Opinion Sat, 26 May 2012 14:08:02 +0000 hourly 1 http://wordpress.org/?v=3.0.4 By: Cockney Rage http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44953 Cockney Rage Mon, 18 Aug 2008 11:47:32 +0000 http://fiveouncesofpain.com/?p=5461#comment-44953 Cage Wars > Cockney Rage FX3 > Cockney Rage Cage Warriors > Cockney Rage UWC > Cockney Rage etc, etc. Cage Wars > Cockney Rage
FX3 > Cockney Rage
Cage Warriors > Cockney Rage
UWC > Cockney Rage
etc, etc.

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]]> By: MMABloggen » Blog Archive » EliteXC i motvind http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44845 MMABloggen » Blog Archive » EliteXC i motvind Sun, 17 Aug 2008 11:16:29 +0000 http://fiveouncesofpain.com/?p=5461#comment-44845 [...] till att lämna in sina kvartalsrapporter, vilket kan tyckas underligt. Till sist läser jag på fiveouncesofpain att aktiebolaget knutet till ProElite noterat en aktieuppgång på 220 % i fredags, helt utan [...] [...] till att lämna in sina kvartalsrapporter, vilket kan tyckas underligt. Till sist läser jag på fiveouncesofpain att aktiebolaget knutet till ProElite noterat en aktieuppgång på 220 % i fredags, helt utan [...]

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]]> By: Echolocating http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44819 Echolocating Sun, 17 Aug 2008 02:46:49 +0000 http://fiveouncesofpain.com/?p=5461#comment-44819 Ah... thanks, Michaelthebox. We're just seeing the result of what it took to kick Gary Shaw out of his seat then, I suppose. Ah… thanks, Michaelthebox. We’re just seeing the result of what it took to kick Gary Shaw out of his seat then, I suppose.

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]]> By: dedstrk http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44814 dedstrk Sun, 17 Aug 2008 01:45:57 +0000 http://fiveouncesofpain.com/?p=5461#comment-44814 So more than likely the Shaw's and the other higherups stocks are being bought up by different higher ups in CBS and that's what caused the spike and that's how a management/ownership change could make the stock spike that much. So more than likely the Shaw’s and the other higherups stocks are being bought up by different higher ups in CBS and that’s what caused the spike and that’s how a management/ownership change could make the stock spike that much.

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]]> By: Michaelthebox http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44802 Michaelthebox Sat, 16 Aug 2008 23:38:29 +0000 http://fiveouncesofpain.com/?p=5461#comment-44802 Echolocating: it was a minor transaction, but it was a minor transaction at 8 dollars a share. Just cause that transaction took place at that price doesn't mean the stock can now be sold for that much. Next time somebody sells it, it will probably drop back down to 2.50 or whatever a reasonable price is. When a stock price is listed, it just means that is the last price it was traded for. For a commonly traded stock, that price is almost always close to the current market rate. For a rarely traded stock, any weird price, like $8 a share for Pro Elite, can sit up there for a while until the next trade takes place. Echolocating: it was a minor transaction, but it was a minor transaction at 8 dollars a share. Just cause that transaction took place at that price doesn’t mean the stock can now be sold for that much. Next time somebody sells it, it will probably drop back down to 2.50 or whatever a reasonable price is.

When a stock price is listed, it just means that is the last price it was traded for. For a commonly traded stock, that price is almost always close to the current market rate. For a rarely traded stock, any weird price, like $8 a share for Pro Elite, can sit up there for a while until the next trade takes place.

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]]> By: Echolocating http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44800 Echolocating Sat, 16 Aug 2008 22:47:55 +0000 http://fiveouncesofpain.com/?p=5461#comment-44800 Jeremy wrote: "The spike occurred because of a purchase of stock. Since the stock rarely sells, a minor transaction could cause a spike." A minor transaction? Are you sure about that? Seems awfully simple to manipulate the stock market if that's all it takes to double your investment. Then again, maybe we're seeing the beginnings of the MMA stock boom, like the dot-com boom where companies with nothing were worth millions based on pure speculation. MMA is where it's at! Buy! Buy! Buy! ;-) Jeremy wrote: “The spike occurred because of a purchase of stock. Since the stock rarely sells, a minor transaction could cause a spike.”

A minor transaction? Are you sure about that? Seems awfully simple to manipulate the stock market if that’s all it takes to double your investment.

Then again, maybe we’re seeing the beginnings of the MMA stock boom, like the dot-com boom where companies with nothing were worth millions based on pure speculation. MMA is where it’s at! Buy! Buy! Buy! ;-)

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]]> By: Jeremy http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44797 Jeremy Sat, 16 Aug 2008 22:24:29 +0000 http://fiveouncesofpain.com/?p=5461#comment-44797 The spike occured because of a purchase of stock. Since the stock rarely sells, a minor transaction could cause a spike. Elite and Affliction ARE NOT merging. The spike occured because of a purchase of stock. Since the stock rarely sells, a minor transaction could cause a spike.

Elite and Affliction ARE NOT merging.

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]]> By: Michaelthebox http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44794 Michaelthebox Sat, 16 Aug 2008 21:55:26 +0000 http://fiveouncesofpain.com/?p=5461#comment-44794 No. No.

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]]> By: dedstrk http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44788 dedstrk Sat, 16 Aug 2008 21:37:35 +0000 http://fiveouncesofpain.com/?p=5461#comment-44788 I can't see the fact that they changing ownership/management and canceling shows as a reason that their stock would jump so high. Could there be a merger of sorts in the works between Affliction and EliteXC? I can’t see the fact that they changing ownership/management and canceling shows as a reason that their stock would jump so high. Could there be a merger of sorts in the works between Affliction and EliteXC?

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]]> By: Jeremy http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44787 Jeremy Sat, 16 Aug 2008 21:36:50 +0000 http://fiveouncesofpain.com/?p=5461#comment-44787 As the payout article says, Elite stock rarely sells, so a minor transaction (such as a former employee/owner selling as he leaves) could cause such a change. I have been following the Elite quarterly reports (and usually posting summaries on the forums of MMAWeekly) and can say that this upcoming one will show the company losing money yet again. Elite pretty much is limping from quarter to quarter. The initial signing with CBS gave them a solid cash infusion, but they are in need to more cash to continue. While they should have enough to run the Oct 4th show, they would likely be broke at that point. If they are able to secure further financing, they would be in a better position to stay active after that high profile show. I will post a summary when Elite releases the second quarter report. It should be an interesting one since it will contain the first CBS show. As the payout article says, Elite stock rarely sells, so a minor transaction (such as a former employee/owner selling as he leaves) could cause such a change.

I have been following the Elite quarterly reports (and usually posting summaries on the forums of MMAWeekly) and can say that this upcoming one will show the company losing money yet again.

Elite pretty much is limping from quarter to quarter. The initial signing with CBS gave them a solid cash infusion, but they are in need to more cash to continue.

While they should have enough to run the Oct 4th show, they would likely be broke at that point.

If they are able to secure further financing, they would be in a better position to stay active after that high profile show.

I will post a summary when Elite releases the second quarter report. It should be an interesting one since it will contain the first CBS show.

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]]> By: Toad http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44782 Toad Sat, 16 Aug 2008 20:52:28 +0000 http://fiveouncesofpain.com/?p=5461#comment-44782 Proelite is dead, long live Affliction!! Proelite is dead, long live Affliction!!

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]]> By: Jeremy http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44775 Jeremy Sat, 16 Aug 2008 18:24:11 +0000 http://fiveouncesofpain.com/?p=5461#comment-44775 There is a couple articles on this topic at mmapayout.com that explain it much better then I could: http://www.mmapayout.com/2008/08/more-on-proelite/ There is a couple articles on this topic at mmapayout.com that explain it much better then I could:

http://www.mmapayout.com/2008/08/more-on-proelite/

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]]> By: ProElite Cancels Another Event; Financial Woes Continue http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44773 ProElite Cancels Another Event; Financial Woes Continue Sat, 16 Aug 2008 18:07:02 +0000 http://fiveouncesofpain.com/?p=5461#comment-44773 [...] “Contenders 11″ event in the UK which was scheduled to take place later today. According to the report from Five Oz., Cage Rage now has just three full-time employees. All signs point to the ProElite’s [...] [...] “Contenders 11″ event in the UK which was scheduled to take place later today. According to the report from Five Oz., Cage Rage now has just three full-time employees. All signs point to the ProElite’s [...]

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]]> By: Michael http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44772 Michael Sat, 16 Aug 2008 18:05:18 +0000 http://fiveouncesofpain.com/?p=5461#comment-44772 If it is a CBS buy out It is'nt a good idea.These suit and tie guys don't know what their doing when it comes to mma.See for instance how they pressured Elite XC to hold another Saturday Night Fights Event (Unfinished Buisness)right on the heels of"PrimeTime"and we all knew it was too soon, but those corp smart guys new better.They could'nt sell the Stockton arena out which is unbelieveable and the ratings were pure shit.They are going to have to get someone in charge that understands the sport and knows that you can't have events as often as zuffa does when your star power revolves around an ageing street fighter and a female fighter (actually i think Gina would kick Kimbo's ass)There i've vented THE END ps if u think Carano kicking Kimbo's ass is over the top how about Cris Cyborg i know she could. If it is a CBS buy out It is’nt a good idea.These suit and tie guys don’t know what their doing when it comes to mma.See for instance how they pressured Elite XC to hold another Saturday Night Fights Event (Unfinished Buisness)right on the heels of”PrimeTime”and we all knew it was too soon, but those corp smart guys new better.They could’nt sell the Stockton arena out which is unbelieveable and the ratings were pure shit.They are going to have to get someone in charge that understands the sport and knows that you can’t have events as often as zuffa does when your star power revolves around an ageing street fighter and a female fighter (actually i think Gina would kick Kimbo’s ass)There i’ve vented THE END ps if u think Carano kicking Kimbo’s ass is over the top how about Cris Cyborg i know she could.

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]]> By: biggmoney21 http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44769 biggmoney21 Sat, 16 Aug 2008 17:23:08 +0000 http://fiveouncesofpain.com/?p=5461#comment-44769 I wouldn't get too excited about the stock price jumping as it did. Because this happened on very low volume (5,300 shares out of about 55,000,000 outstanding shares...it normally doesn't trade at all!), it doesn't really mean all that much. The next time somebody wants to sell 2 shares, the price will come right back down. Also, the ".pk" means that it trades on the pink sheets - a.k.a. the wild west of stocks. Just a little caveat if you're thinking about buying this stock (or any pink sheet stock, for that matter): be prepared to lose all your money. I wouldn’t get too excited about the stock price jumping as it did. Because this happened on very low volume (5,300 shares out of about 55,000,000 outstanding shares…it normally doesn’t trade at all!), it doesn’t really mean all that much. The next time somebody wants to sell 2 shares, the price will come right back down. Also, the “.pk” means that it trades on the pink sheets – a.k.a. the wild west of stocks. Just a little caveat if you’re thinking about buying this stock (or any pink sheet stock, for that matter): be prepared to lose all your money.

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]]> By: Sam Caplan http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44767 Sam Caplan Sat, 16 Aug 2008 16:59:22 +0000 http://fiveouncesofpain.com/?p=5461#comment-44767 William, thanks for that post. Losing Freitas is definitely significant. He was a key player with ICON. William, thanks for that post. Losing Freitas is definitely significant. He was a key player with ICON.

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]]> By: darkmetal http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44765 darkmetal Sat, 16 Aug 2008 16:35:32 +0000 http://fiveouncesofpain.com/?p=5461#comment-44765 Hmm, well generally such a spike in stock value only happens on a buyout rumor, not on a simple switch of management. Such a situation would occur, say, if Zuffa made an offer on the company. While such insider information is illegal, movements like that mean somebody is in the know. Or it could be CBS that wants to buy them out. I also have to wonder on the cancellation of events, which would not ordinarily be a good thing. Perhaps Proelite/EliteXC are bailing out and searching for an escape hatch? Hmm, well generally such a spike in stock value only happens on a buyout rumor, not on a simple switch of management. Such a situation would occur, say, if Zuffa made an offer on the company. While such insider information is illegal, movements like that mean somebody is in the know.
Or it could be CBS that wants to buy them out.

I also have to wonder on the cancellation of events, which would not ordinarily be a good thing. Perhaps Proelite/EliteXC are bailing out and searching for an escape hatch?

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]]> By: DocWagner http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44760 DocWagner Sat, 16 Aug 2008 15:52:47 +0000 http://fiveouncesofpain.com/?p=5461#comment-44760 IFL stock is a good example. IFL stock is a good example.

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]]> By: DocWagner http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44759 DocWagner Sat, 16 Aug 2008 15:52:02 +0000 http://fiveouncesofpain.com/?p=5461#comment-44759 It would jump if stable ownership/big name ownership has purchased them. It would go down if they are failing or are bankrupt. It would jump if stable ownership/big name ownership has purchased them. It would go down if they are failing or are bankrupt.

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]]> By: William W. http://fiveouncesofpain.com/2008/08/16/strange-happenings-for-proelite/comment-page-1/#comment-44758 William W. Sat, 16 Aug 2008 15:35:02 +0000 http://fiveouncesofpain.com/?p=5461#comment-44758 I don't know if it means anything, but MMA Hawaii posted a small new item about long time Proelite employee Patrick Freitas leaving as well. http://www.mmahawaii.com/content/view/719/30/ I don’t know if it means anything, but MMA Hawaii posted a small new item about long time Proelite employee Patrick Freitas leaving as well.

http://www.mmahawaii.com/content/view/719/30/

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