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Premier Exhibitions Inc. Message Board

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  • Reply to

    buy whole company

    by tjmocky Jul 28, 2014 6:46 PM

    The problem is it's only worth what someone will pay for it...the $75 or $175 # is just make believe. It doesn't generate cash. It can't be valued like a normal asset. It's like rare art but w/ serious restrictions.

  • Nobody is going to buy the artefacts if they can buy the entire company for probably $75 million at this point. Current mkt cap $31 million. Don't do a raise of capital. Get the company sold for $75-$100 million. Nobody is owning this company for it operations. The business is going nowhere. There has to be someone that is willing to pay close to $100 million for an asset that is worth close to $175 million. I would personally take $75 million right now because these guys in charge can't get anything done.

  • Reply to

    Still no Transcript?

    by big.potts Jul 25, 2014 9:56 AM

    Its on seekingalpha, prxi ticker, transcripts

  • I can't find the latest transcript. Were they berated such that they don't even publish the transcripts anymore? LOL!

  • Reply to

    Titantic Artifacts

    by lhofthd Jul 16, 2014 11:50 AM

    That's true.

    But it seems fairly clear that we are going to be diluted in connection with any financing.

    They don't even appear to be shopping around for the best deal.

    So I fear they are going to end up paying 16-18% interest with a convertible kicker at maybe $1.

    And I don't have a whole lot of confidence that even with the extra financing that everything will be great on the operations side.

    The new valuation may or may not be made public and its meaningless without willing & qualified bidders.

    So its a crapshoot with a board who couldn't look more incompetent if they tried.

    Kicking myself for not selling over $2 when I had the chance.
    Its probably worth a chance for newbies.

    200-300% potential upside compared to maybe 50% downside.

    Either that or the entire thing is a scam & they've been selling shares out the back door for years !

    LOL

  • Reply to

    Titantic Artifacts

    by lhofthd Jul 16, 2014 11:50 AM

    Really? I didn't see that specifically in the court ruling. I guess that makes warrants or other equity dilution a more probable event. Either way, this situation is really deteriorating without clarity on financing.

    Sentiment: Sell

  • Reply to

    Titantic Artifacts

    by lhofthd Jul 16, 2014 11:50 AM

    The Titanic artifacts are not able to be used as collateral and must stay unencumbered due to the court ruling.

  • Reply to

    Titantic Artifacts

    by lhofthd Jul 16, 2014 11:50 AM

    A lot of folks got in this pig because of write-ups touting the Titantic Artifiacts, I guess the creditors will decide what they are worth, LOL

    Sentiment: Strong Sell

  • It's likely that the Titanic Artifacts and any other assets will be used as collateral in negotiating financing. If that's the case, equity holders could get wiped out quickly if the exhibition business continues to deteroriate. Caveat Emptor.

    Sentiment: Sell

  • Reply to

    Revenue

    by a_wild_willy Jul 15, 2014 11:08 AM

    Agreed, the quarterly trend is concerning.

  • Reply to

    Revenue

    by a_wild_willy Jul 15, 2014 11:08 AM

    I see you've made your attempt at putting lipstick on a pig.

    As most investors know, when we look at comparables, especially for companies that have businesses which are extremely seasonally sensitive, we look at year over year comparables of the same quarter, not sequential. Obviously sequential revenue would be up over the 4th quarter, as it was winter and attendance would surely be down at most venues. So, we focus on year over year comparables, and as the press release indicated, it was bad.

    "Total revenue decreased 16.2% to $7.5 million compared to $8.9 million in the first quarter of fiscal 2014. Exhibition revenue was negatively impacted by a decrease in admissions revenue as a result of fewer touring exhibitions achieving profit share participation despite comparable average attendance per day."

  • Nothing on their website.

    The level of incompetence from this board of directors is mindboggling.

  • Total revenue was up 1.3 million over the 4th quarter.

  • Share price likely to continue deteriorating as well.

    Revenues down
    Stating they still have to secure "growth funding" to be able to complete/open NYC location
    Legacy venues weakening - require refresh and thus more funding
    Was there any good news in the press release?

    This thing has no value aside from the Titanic artifacts. There is no earnings power and at best will simply straddle breakeven while management and the board collect paychecks.

    They keep the unwary complacent hanging the Titanic artifact/valuation as a carrot...one that is simply an asset that is not making money for the company and will ultimately drain it financially.

    I fail to see the investment thesis/attraction.

  • Reply to

    Buy the whole company

    by tjmocky Apr 17, 2014 9:13 AM

    My email to the chairman of the board addressing your concerns has thus far gone unanswered. No surprise I guess.

  • Reply to

    Buy the whole company

    by tjmocky Apr 17, 2014 9:13 AM

    Before I invest, I look at much more than numbers and message boards. I have been doing this for more than 30 years and if you really want to know how a company is doing, all you have to do is spend a little time with its employees. The executives are paid to snow and blow prospective investors but front line employees are not. I travel a lot and have been fortunate enough to visit several of their venues. Across the board, their employees believe that the company has lost its hospitality focus. Yes, increasing shareholder value is always a priority, but in their line of business, being hospitality, taking care of employees and customers should be their main focus. If it was/is, shareholder value will, by default, increase. Elementary.

  • Reply to

    Buy the whole company

    by tjmocky Apr 17, 2014 9:13 AM

    What is your source of information for your operational analysis of PRXI? Have you talked with employees and venue managers?

  • Reply to

    Buy the whole company

    by tjmocky Apr 17, 2014 9:13 AM

    Visit one of their venues. They treat their employees like trash. They have cut everyone down to minimum wage. Their venue managers are terribly overworked, severely underpaid, and kicked in the nuts every day by a ruthless VP of Operations. They keep bragging about their operational cuts and how much leaner they are, but there are costs associated with those cuts.

    They are in the entertainment/hospitality business and unfortunately, have lost that focus.

    In all seriousness, visit a venue. That alone will answer your question.

  • When will this company clean house? Since 2007, we have seen Geller, Eskowitz, Geller (again), Davino and now Weiser all get tossed as CEOs. When will the board go one level deeper and toss the other executives? All of their failures revolve around #$%$-poor operations. The exhibitions are sub-standard at best. The executives have beaten down their venue management and staffs to the point that nobody on the front line cares about their job, their customers, or the company anymore. This was once a great company. Perhaps the VP of Operations should be the next? She obviously is not tending to business and we're all losing our #$%$!

PRXI
0.7029-0.0071(-1.00%)Aug 19 4:00 PMEDT

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