Pro Elite makes Deal with Showtime and CBS

[edman5555]

They have stock. It looks like it is publicly traded. I would like to buy some but I am too dumb to figure this out. I found it at 47 cents a share but I find quotes on it at Thestreet.com

Scientist, you know the most about this shit. I am trying to read about this. It looks like they could definetly make a comeback and at 47 cents a share it is worth buying some. Can you figure out what exchange it is on? DJIA?? With this big crash it might even lose more value. We can quite possibly get a good deal on this.

[edman5555]

Shit. They are denying a deal. Damnit. I have no idea what to think.

[edman5555]

Apparently Cage Potatoe is reporting this.

[edman5555]

http://www.investinmma.com/proelite-stock-ready-for-a-comeback/

[poopoo333]

I read that they were 0.0075 a stock or something this year...now it is up to 0.47.

[edman5555]

yeah really. i wish i bought it then

[edman5555]

I wonder if Nate Marquardt will end up going to pro elite? Apparently Bellator turned him down. I guess Kendall Grove and Andre Arlovski are there now.

[edman5555]

Viacom also owns a stake in this company..

[edman5555]

well i just signed up for an etrade account.

[MMA_scientist]

It is s pink sheet. It is not traded on the major indices. The DJIA is not an actual index BTW.

You can but PELE on etrade right now for .47. This was at $10 a share a couple years ago, it spiked to $50 for like 5 minutes. It could definitely come back. It might be worth a roll of the dice at .47.

If you throw $200 bucks on it, you can get 425 shares. If it goes back to even $4, you will have $1700. Of course, it could easily lose its value as well.


All of that said, the news of the deal has already been incorporated into the value of the stock. It was at .03 last week. So it did a 10 bagger this week. You are basically expecting it to do another 10.

Anyway, logo on to etrade, go to the Trading and Portfolios tab, then click the Trade tab. Then type in PELE. Order type = Buy, Price type = Market Order, number of shares = total you want to spend / .47. Don't forget it costs $10 to place an order and $10 to sell.

[MMA_scientist]

I took a screenshot for you.

[edman5555]

Well I was thinking about dropping 1-2k on it. It would really be worth it if the stock dropped a little bit. Down to 30 cents or so. Who really knows if they will make a deal though.

So far I have read that both Viacom and Stratus Group own stock in this company. There was some talk that pro elite was in talks with showtime/cbs and was close to a deal. Viacom owns CBS as far as I know.

Strikeforce is disbanding most of its roster. Overeem is fired, Nick Diaz is coming to the ufc, Fedor is gone, Mayhem miller is in the ufc, Hendo could leave...I don't know how much time strikeforce has left on its contract with Showtime though. I would have to look that up. I don't know if Showtime would do both at the same time.

There are new people running pro elite now though, it's not the same guys. They also signed Kendall Grove, some olympic wrestler, and Andre Arlovski. They are apparently doing a show in Hawaii. I kinda want to wait for it to drop a little bit. Who knows if it will though. Maybe it will shoot up. I have no idea. I might buy a little now and see. Maybe buy some more.

[MMA_scientist]

My main concern is that the information is already incorporated into the price, as I said, it went from .03 to .47 in a week. Last week would have been the time to buy. That said, no one else is following this stock and no one is going to have the insight into the MMA market like you do. Guys over at Merrill Lynch are not thinking about the fact that Fedor and Alistair are free agents now. So you are right, it could definitely take off if they get a TV deal signed. That said, if the TV deal falls through, I would expect to see it at .03 again, in which case you will be wiped out. Penny stocks are more like gambling than investing. You buy Walgreens and you know it is not ever going to go to .03. There is limited downside. But with a stock like this, it is more like taking a +1000 bet. It could lose, but it could win 10x your money.

[poopoo333]

$200 for 425 shares...what does that mean? Say it goes up to $1...how much would it sell for?

[MMA_scientist]

1 share is .47 cents. So if you had $200, you could buy 425 shares (200 / .47 = 425)

If it goes to $1, it would be worth $425 (425 shares at $1 each).


Shares price = market capitalization divided by outstanding shares. So if there are 1 million shares at .47. Then ProElite is "worth" $470,000. But it is much more complicated than that, but that is the rudimentary basics of what a stock is. Stock is ownership in a company, all of the ownership equals the market cap of the company.