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Premier Exhibitions Inc. Message Board

  • klein1028 klein1028 Apr 23, 2012 10:27 PM Flag

    NEW ACQUISITION

    Obviously they plan to continue to operate and expand after the sale. This is making no sense to me but there seems to be some method to their madness. Go figure!

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    • No money down with the seller just taking a guaranteed profit in exchange for no downside risk.

      Not sure I like this. Shouldnt they be selling that piece of crap money losing business ?

      Now they are going to have a larger money losing business.

      • 1 Reply to smaycs4
      • You guys dont seem to get it. They are buying a small piece of a GIANT business. The seller obviously doesnt care about it and PRXI is taking advantage of it. Its brilliant and makes PRXI worth more, totally separate from the Titanic stuff. The p/r almost literally tells us the Titanic sale is imminent from the wording, read it carefully. it also totally implies the Titanic business is going to be sold completely separately, which is quite interesting in itself. Meaning the "leftover" would be PRXI which is now instantly more valuable. I guarantee you this business they are acquiring does NOT lose $, we will soon see. Meanwhile I am guessing it has revenues over $20mm. AEG (the parent company) is gigantic and owned by a guy worth $10 billion (Philip Anschultz, he owns a chunk of the Lakers and owns Staples Center!) so I doubt this is an important transaction for him. Hell, perhaps he wants the Titanic assets. Who knows. No way to view this as anything but positive since the company is not expending any cash, and they are only giving 10% of the Management biz to them and 0% of the separate Titanic assets. Absolutely genius.

 
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