PELE – ProElite HUGE Potential! .20 to $1.00+

I have been following PELE for a few months now, and this stock is going to be HUGE! I am calling it here at .20, and expect it to run to $1.00 in the near future. The stock is currently being held down by DTC trading restrictions, but certain insiders claim that will be lifted within the next week or two.

ProElite is a MMA company much like the UFC (Ultimate Fighting Championship). Back in 2009 PELE had a debt obligation to Showtime that had been retired, and Showtime remained a significant shareholder, while acquiring certain EliteXC fighter contracts and a library of televised EliteXC events.

ProElite resurrected, announces Aug. 27 2011 event in Hawaii (source).

“EliteXC, the now-defunct fight promotional arm of ProElite Inc., still holds the record for the largest U.S. television audience in MMA history with 6.51 million viewers, who tuned in to watch “EliteXC: Primetime” on CBS in 2008. The main event of “Primetime” featuring Kevin “Kimbo Slice” Ferguson vs. James Thompson remains the most-watched fight in U.S. television history with 7.28 million viewers. ”
ProElite recently was part of a $40 Million offer to purchase Strikeforce (source).

The stock still has 59 million Overhead Shares and 250 million authorized shares. This has not changed in over 3 years! The float is super low and tight. This was an $18 stock that held a solid $2-5 range.

CBS and Showtime are 20% share holders in PELE.

UFC Middleweight Champion Frank Shamrock also holds shares in PELE (source)

Dana White has speculated that CBS will try to compete with the UFC with their own show (source).

The new CEO of ProElite talks about upcoming company ideas in a Q&A with SI.com (source).