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

[Thepumaman]

Originally Posted by CoachDitka

The price of a stock is generally irrelevant as there are so many other factors involved. The fact is, there are about 60million shares of ProElite outstanding, and it does an average volume of like 1,600 shares a day and trades on the pinksheets. I'm amazed someone was stupid enough to buy this stock, even more so that someone was willing to pay up to $8 for shares. Soon this stock with be worth about 1/100th of a cent and the company will BK. They burnt almost all their cash and have virtually no way of getting more other than issuing more shares or arranging a large sale. They have $2mill more coming from CBS, and have about $3m on hand, but they need closer to $9m to last the year. Doubtful, but past this year, it should be all over.

Too bad I can't short this stock.

-Coach

So, Coach Ditka.... would it be fair to say that when it comes to PELE, you agree with.....

DA BEARS!!! (?)

[BPA00]

It's showing $2.50 again for me... Hopefully you guys cashed out when it was at $8 and made some cheddah.

[CoachDitka]

Originally Posted by Thepumaman

So, Coach Ditka.... would it be fair to say that when it comes to PELE, you agree with.....

DA BEARS!!! (?)

I have to say, that was really excellent! Oh, and yes, I think the stock sucks and will BK soon. I'm going to see if I can't short a few blocks of 500 shares here and there. Right now the ask is $2.75 (500 shares). Should be fun as I really see NO way they can make it at this point.

-Coach

[Thepumaman]

Bwahaha!

[member0091/2]

Originally Posted by Thepumaman

Bwahaha!

you evil man...

[GTwrestling]

Originally Posted by nastychick313

buy IFL stock it's about to explode

thanks for the tip