• We’re currently investigating an issue related to the forum theme and styling that is impacting page layout and visual formatting. The problem has been identified, and we are actively working on a resolution. There is no impact to user data or functionality, this is strictly a front-end display issue. We’ll post an update once the fix has been deployed. Thanks for your patience while we get this sorted.

DAYAM, somebody's struck it rich!

As part of the contemplated transaction, RFX Acquisition will contribute $3.43 Million cash to SPEA in exchange for 34,320,124 newly issued shares of SPEA common stock. In addition to the shares received from the Company, RFX Acquisition will receive warrants to purchase 8,689,599 shares of the common stock at $1.00 per share, 8,689,599 shares of common stock at $1.50 per share, and 8,689,599 shares of common stock at $2.00 per share. Simultaneous with this exchange, RFX Acquisition will also acquire an aggregate of 2,240,397 shares of the Company's common stock directly from certain principal stockholders of the Company at the same price of $0.10 per share. Upon consummation of these transactions, RFX Acquisition and its affiliates, including Mr. Sillerman, will own approximately 94% of the outstanding capital stock of the Company (or 96% assuming exercise of the warrants).
Click to expand...
 
Originally posted by: Goosemaster
Originally posted by: MustISO
Damn, I would have loved to have invested $40,000 in that. Why didn't anyone tell me?!?
Click to expand...

You have left with a total of $98468....58grand.....hmmmmmmm
Click to expand...

Only if you could of sold it at that price. It isn't worth ah heck all if you can't unload it on someone else.

 
Originally posted by: sciencewhiz
As part of the contemplated transaction, RFX Acquisition will contribute $3.43 Million cash to SPEA in exchange for 34,320,124 newly issued shares of SPEA common stock. In addition to the shares received from the Company, RFX Acquisition will receive warrants to purchase 8,689,599 shares of the common stock at $1.00 per share, 8,689,599 shares of common stock at $1.50 per share, and 8,689,599 shares of common stock at $2.00 per share. Simultaneous with this exchange, RFX Acquisition will also acquire an aggregate of 2,240,397 shares of the Company's common stock directly from certain principal stockholders of the Company at the same price of $0.10 per share. Upon consummation of these transactions, RFX Acquisition and its affiliates, including Mr. Sillerman, will own approximately 94% of the outstanding capital stock of the Company (or 96% assuming exercise of the warrants).
Click to expand...
Click to expand...


English as to the jump?
 
English: They were an inactive corporation. A guy, who just acquired an 85% stake in Elvis's estate, has purchased 94% of their shares, and will conduct his Elvis business through this corporation. So in essence, this corporation now owns almost all of Elvis's estate, hence the jump in price.

Trevor
 
that's a pump and dump scheme.. i promise in the next day or two it will lose about a million shares.. at that high price.

I wonder if GKK is on that board of tha company.. he needs to be in jail.
 
Originally posted by: hellman69
English: They were an inactive corporation. A guy, who just acquired an 85% stake in Elvis's estate, has purchased 94% of their shares, and will conduct his Elvis business through this corporation. So in essence, this corporation now owns almost all of Elvis's estate, hence the jump in price.

Trevor
Click to expand...

thank you
 
You must log in or register to reply here.

TRENDING THREADS

Back
Top