Comments on: ProElite Purchased for $2 million http://mmapayout.com/2009/10/proelite-purchased-for-2-million/ Thu, 24 May 2012 01:32:48 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Jack http://mmapayout.com/2009/10/proelite-purchased-for-2-million/comment-page-1/#comment-810 Jack Mon, 26 Oct 2009 20:23:22 +0000 http://mmapayout.com/?p=6347#comment-810 The SEC filing states: "..Company for payment of outstanding liabilities, general working capital and other corporate purposes and repayment of all amounts due under a note of the Company with respect to advances made to the Company by SMGI of $100,000" Due to the working capital & other corporate purpose comments, it would appear that Proelite has less than $2 million in liabilites. Those liabilities will be the true cost of the acquistion since SMGI will own and control Proelite's capital & corporate spending. The SEC filing states: “..Company for payment of outstanding liabilities, general working capital and other corporate purposes and repayment of all amounts due under a note of the Company with respect to advances made to the Company by SMGI of $100,000″

Due to the working capital & other corporate purpose comments, it would appear that Proelite has less than $2 million in liabilites. Those liabilities will be the true cost of the acquistion since SMGI will own and control Proelite’s capital & corporate spending.

]]> By: Joseph http://mmapayout.com/2009/10/proelite-purchased-for-2-million/comment-page-1/#comment-809 Joseph Mon, 26 Oct 2009 18:47:06 +0000 http://mmapayout.com/?p=6347#comment-809 Well, for one, Pro Elite gets 10% I believe, or some small percentage of money, from the deal that Strikeforce signed with Showtime/CBS. Another interesting thing is that Pro Elite may still be getting something from Bully Beatdown, TV deals, and whatever KOTC is getting, though I believe they recently left Pro Elite. Very interesting indeed though. Well, for one, Pro Elite gets 10% I believe, or some small percentage of money, from the deal that Strikeforce signed with Showtime/CBS. Another interesting thing is that Pro Elite may still be getting something from Bully Beatdown, TV deals, and whatever KOTC is getting, though I believe they recently left Pro Elite. Very interesting indeed though.

]]> By: MMA-WD http://mmapayout.com/2009/10/proelite-purchased-for-2-million/comment-page-1/#comment-808 MMA-WD Mon, 26 Oct 2009 18:33:03 +0000 http://mmapayout.com/?p=6347#comment-808 It actually seems to align well with the rest of their business and business model being a Pro Sport & Entertainment Company. As for experience in the Industry, one should also ask what Dana White, Lorenzo and Frank Fertitta's know when they entered the business ? Last I heard until 2006 had lost 40 million on the UFC after also only buying it for 2 million! Only after that did they begin to make money and make money they did. It goes to show anything can happen. By available information Stratus Media Group is already a 120+ million dollar Market Cap Company. Looks like they might have something to work with and its great to competition in the MMA Industry especially with so much room it it! It actually seems to align well with the rest of their business and business model being a Pro Sport & Entertainment Company.

As for experience in the Industry, one should also ask what Dana White, Lorenzo and Frank Fertitta’s know when they entered the business ? Last I heard until 2006 had lost 40 million on the UFC after also only buying it for 2 million! Only after that did they begin to make money and make money they did.
It goes to show anything can happen.

By available information Stratus Media Group is already a 120+ million dollar Market Cap Company. Looks like they might have something to work with and its great to competition in the MMA Industry especially with so much room it it!

]]> By: mma guru http://mmapayout.com/2009/10/proelite-purchased-for-2-million/comment-page-1/#comment-807 mma guru Mon, 26 Oct 2009 15:24:55 +0000 http://mmapayout.com/?p=6347#comment-807 yeah, this is a bit odd. yeah, this is a bit odd.

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