I read that the asking price for the IFL was between $750,000 to $1 million. Pretty inexpensive for a sports company.

so that means paris hilton can buy the IFL...or britney spears...

Underboss MMAfia

Head of the West Coast Family
2x Ultimate Challenge Champion

thats worth it just to own all the contracts, in my opinion

Yeah, no kidding. Man Pramit, I've always been a blue chip investor, but now that you've gotten me started with the whole gambling thing it's hard to just sit back and watch the IFL's stock bounce up and down 200-300% in a day. Kinda makes me think, if I could just get in and out of there fast enough I might make a whole pile of money. I'm sure there are plenty of other people that are doing that, though, looking at the trading volume, so it would probably be just as easy to lose a pile too...

I feel bad for all those folks who bought IFL stock right after that 60 Minutes piece, not realizing that MSM has no clue about MMA...

How do you introduce people to MMA and use the IFL as your example?

Yeah, I was sorely tempted to buy right after watching that piece as well, but was smart enough to do my due diligence and read their quarterlies. If you look at the charts, the 60 minutes segment aired on Dec. 10th, and then their shares spiked at $14.45 on Dec. 15th. Definitely not a coincidence--although I think they might have done a reverse share split around that time as well.

Sanitys,

How is Pro Elite, Inc. stock doing? Was there any boost post-May 31?

Looks as if they've stayed pretty flat, not a whole lot of volume being traded at all. Since they're just on the OTC BB and very low vol. I was only able to find a chart on their website:

http://www.proeliteinc.com/phoenix.zhtml?c=84499&p=irol-stockChart

Man, it looks like there was a rise to about $8 right before the event and it's down to $4 since. Interesting. Thanks for digging that up.

I really wonder what Zuffa stock would look like if the company ever went public...It doesn't look like investors are that big on MMA companies...Of course, Zuffa isn't just any ordinary MMA company...

Also, according to their 8-K report on June 18th, it looks like Pro Elite borrowed another $3.5m from Showtime. That brings the total they owe Showtime now to a little over $5.3m. BTW no trades of their shares took place on May 31st.

Yeah I really wonder about Zuffa's financials as well. Supposedly they're very secretive about it, but they have to disclose enough to the S&P to get a credit rating so they can borrow money, so we get to find out a little that way. I'm pretty sure they lost money last year because of their efforts to expand their business into the UK, check out this article from MMA payout:

http://www.mmapayout.com/2008/07/zuffa-llc-bb-rating-outlook-revised-to-...

AAA+ is the highest credit rating from S&P and Zuffa is sitting at BB- right now. Here are the actual S&P articles, although it looks like if you want to read all of them you have to register and pay:

http://www2.standardandpoors.com/portal/site/sp/en/us/page.search/search...

Looks like they took out $25m in revolving credit and a $325m term loan last year, which White and the Fertita brothers used to pay themselves a bonus, among other things. Here's an article on the whole thing from Sherdog:

http://www.sherdog.com/news/articles/behind-the-curtain-zuffas-finances-...

It's definitely a tough business. If the top company in the sport gets a BB- it's easy to see why most companies can't survive beyond a couple of years...