gaonmymind:
Most of those are difficult to research - it would take a lot of time to pick through all the related filings.
SPEA though I'm familiar with. By the time that announcement was made, Sillerman had already bought about 98% of the stock at $0.10. Only at most 1 million shares remained in the float, if that.
So the extraordinary rise in the stock price amounted to at most about $6mm in market cap in publicly held stock. And that's with a company that had real underlying value coming to it - the Presley properties. Also, Sillerman brought to it a highly regarded reputation and plenty of capital backing - verifiably.
In the FHAL case we're talking about approximately a $100 million rise in market cap of publicly held stock with, in my opinion, no underlying assets and no history of success.
"The funds for the purchase by RFX of (i) 34,320,124 shares of
SPEA's Common Stock at an aggregate price of $3,432,012.40; (ii) 2,240,397
shares of SPEA's Common Stock at an aggregate price of $224,039.70; (iii)
8,689,599 shares of SPEA's Common Stock underlying warrants to purchase common
stock at a price of $1.00 per share (or an aggregate price of $8,689,599); (iv)
8,689,599 shares of SPEA's Common Stock underlying warrants to purchase common
stock at a price of $1.50 per share (or an aggregate price of $13,034,398.50);
and (v) 8,689,599 shares of SPEA's Common Stock underlying warrants to purchase
common stock at a price of $2.00 per share (or an aggregate price of
$17,379,198), will be obtained by RFX from a capital contribution provided by
Sillerman, its managing member, and its other members."
News 
Market Data 
Discover 
