$$$ ProElite/EliteXC Stock Jumps 220% from $2 to $8 !!! $$$

[Steve4192]

Originally Posted by me>you

By buying out all of the major B-level promotions (except Strikeforce), Elite XC has basically accomplished what UFC could never have dreamed possible of doing — potentially killing off an entire farm system of promotions for building new MMA fighters. Essentially put, if Pro Elite goes out of business soon then it can be fairly stated that the company negatively impacted the business by paying off so many upstarts and not doing anything with those promoters they paid off. Remember — promoters like Terry Trebilcock signed multi-year deals, so they will be on the sidelines in the foreseeable future if Pro Elite tanks and goes out of business.

Actually, I see guys like Trebilcock, TJ Thompson, and JD Penn making out like bandits if ProElite goes out of business. Trebilcock/Thompson/Penn got a nice chunk of cash when they sold KOTC/ICON/ROTR to ProElite, and are in good position to reacquire those assets for pennies on the dollar if ProElite goes out of business and is forced to liquidate in order to pay off their creditors.

Not only will those three promotions survive, they'll probably be better than ever thanks to the cash infusion provided by ProElite.

[mightymike86]

lol with shaw out the company can only go up!

[elmo_1968]

I'm just pleased that I got in 4 pages late and still get to point out that from 2 to 8 is %400, not %220.

[drawp]

doesn't mean much

[4faces]

This means that perhaps ppl think Proelite is going to be purchased by another company

[Thepumaman]

According to 5 oz pain, the cause is a single investor buying 5,300 shares at once. It could be someone at EXC or CBS trying to make it look like nothing is wrong and distract them from all the bad news.

Apparently EXC is such a small stock its asking price has little to do with its actual value.

5 Oz. Feature: Breaking down ProElite’s current situation :Five Ounces of Pain

[member0091/2]

100.00 wont make you much, but with a stock being low like that (2$) thats where you buy 10,000.00 worth 5,000.00 worth or more. that's where u make the good profits. i'm glad you did make SOME profit, but low stocks like that you gotta pay a lot to make a lot.

[member0091/2]

Originally Posted by Thepumaman

According to 5 oz pain, the cause is a single investor buying 5,300 shares at once. It could be someone at EXC or CBS trying to make it look like nothing is wrong and distract them from all the bad news.

Apparently EXC is such a small stock its asking price has little to do with its actual value.

5 Oz. Feature: Breaking down ProElite’s current situation :Five Ounces of Pain

they're right, this happens a lot on the trading block. one investor can make almost ANY stock jump high, as long as that investor has enough. i've seen one investor purchase a stock and put over 22 mil in it and automatically make a few mil off it. Because it jumped so high after he bought it people started buying thinking something was going on. Nothing was...he just needed to buy something. it's crazy..

[lefthook449]

Originally Posted by elmo_1968

I'm just pleased that I got in 4 pages late and still get to point out that from 2 to 8 is %400, not %220.

since you started the math snobbery, it's only right that you get called out on your stupidity.

8-2.50=5.50

5.50 is 220% of 2.50 (5.50/2.50=2.2)

So when a stock that costs 2.50 goes up 5.50, it increases by 220%

[sepp2323]

Originally Posted by Dogma_Fury
HAHAHAHAHAH. 8 bucks for a stock. Please don't tell me any of you are planning on investing with that


yes what so bad about buying a 8 dollar stock? i think we found sherdogs own version of Jim Cramer!