Waddell investment down to the last 82M? OUT of (521M)

[bigdunny1]

Ok, I have read all 30+ pages, and one thing many people don't understand is that stakeholders' expectations are already embedded into the market value of the company in the amount of $82m. Let me show you some examples.

1. For instance, the company initially had $400+m and invested $200m into the time buys for 3 years. This will be an intangible asset of $200m amortised over a period of 3 years less impairment, if any. So each year the asset would decrease by 200/3=($67m) recorded as an expense. The initial assessment is that this intansible asset would result in future benefit in temrs of networks buying PBC fights. Something is off as the market value decreased. This means that the investors don't believe the networks will pay money for the brand, and thus the brand value is most likely impaired, which results in the decreased market value.

2. Another thing is top rank and gbp lawsuits. Those can be possibly not recorded in the books of the company as liabilities because treated as contingencies. However, contingencies are reflected in the market value of the company. In other words, if top rank case is for $100m, and there is some probability of it being succsesful, it would result in the market value lower that the balance sheet net position. So the comapny may still have net assets of $82+~$50m, but it is still lower than $400m.

3. High salaries/purses paid to boxers are straight recorded as expense. Considering that the market value has decreased, it indicated that the retained earnings (revenues less expenses) are not positive, i.e. they decrease the net asset position. This may indicate that they will try to cut costs in the future, i.e. salaries might decrease, if they are here for a long time.

To conclude, the investment doesn't show good prospects, and we shall keep an eye on it.

You have to be a special kind of dumb to not realize what is going on with the investors money is a bad thing for PBC. Most of the die hard PBC fans admit this. It's only a few losers who are in damage control mode acting like this is not a negative. Actually making the case that PBC paid millions for air time on networks which right now they either can't use because they are losing too much money thats why currently their schedule is so thin or are using paid air time but letting another premium network pay the fighters and lose the right to call the show PBC. These are the type of drastic moves a company does when they are losing too much money and in risk of folding.

[original zero]

OMG, OUR CUTE LITTLE OSTRICH IS ON FIRE!

he's STILL insisting that haymon will "lose the right to call the show PBC."

even though the fight is listed on the PBC site, PBC was on the banner at the media event for the fight, and showtime told ESPN that the fight is presented by PBC.

but those darn facts just don't stop our ostrich now do they.

this is hilarious.

[bigdunny1]

Really that's the best you got in a chat room where Dan Said "Showtime told me it is a hybrid, whatever that means. But the announcers will be the Showtime guys, according to Showtime but it will "have elements" of PBC cards, whatever that means."

So even Dan has no clue. Sorry still not buying it. People Said the same thing with PBC airing on showtime when the time buys were released and there were vague comments like this and fan boys saying that PBC brand would air a number of cards on showtime premium channel but last year all the haymon cards that were bought and produced by showtime had no PBC logos not one. Sorry still not good enough and explains why Dan has not updated any of his articles, not tweeted anything about this being PBC brand and why ESPN scheduled makes no mention of PBC. Because he doesnt buy it either. Sounds like damage control for PBC.

[IMDAZED]

So Dunny says Raphael never said that.

Dunny says what's on the PBC site is old, even though it was released a week ago.

Dunny says they added old info to the release (after the fact) although that makes no sense.

Each domino has fallen. A long painful year, my friends. So many posters on this thread who secretly wish that PBC would fail because they have some ****** alliance to a network or promoter and hate the fact that 1-2 million more people get to follow boxing. Be proud of yourselves, guys. You're the same losers who thought Showtime would lose money on the Mayweather deal. And you'll be wrong again as long as your head remains up your ass.

[IMDAZED]

Really that's the best you got in a chat room where Dan Said "Showtime told me it is a hybrid, whatever that means. But the announcers will be the Showtime guys, according to Showtime but it will "have elements" of PBC cards, whatever that means."

So even Dan has no clue. Sorry still not buying it. People Said the same thing with PBC airing on showtime when the time buys were released and there were vague comments like this but last year all the haymon cards that were bought and produced by showtime had no PBC logos not one. Sorry still not good enough and explains why Dan has not updated any of his articles, not tweeted anything about this being PBC brand and why ESPN scheduled makes no mention of PBC. Because he doesnt buy it either. Sounds like damage control by showtime and PBC.

No Dan has a clue. He said: "Showtime Boxing on CBS Presented by PBC."

Anything else?

[original zero]

oh wow, our little ostrich is more resilient than anybody could have ever imagined.

showtime tells ESPN: "Showtime Boxing on CBS Presented by PBC."

and ostrich says he's not buying it and that ESPN doesn't have a clue . . . which is hilarious because he was JUST quoting ESPN when he thought it supported his argument. then when he finds out ESPN issued a correction, suddenly they are not to be believed.

i wonder what dunce is like in real life. it's fascinating to watch his mind at work. it's like someone staring at a clear blue sky and insisting it's orange.

[bigdunny1]

No Dan has a clue. He said: "Showtime Boxing on CBS Presented by PBC."

Anything else?

Then why did he only give this nugget of info in a chat room and not tweet it out or put it on ESPN website? It's not like Dan is shy dude is an attention wh ore who updates articles constantly and tweets excessively yet not one of those outlets he does he choose to go out and say it will be PBC? And not a single tweet or press release from showtime head saying it will be presented by PBC. EVERYTHING officially released says only showtime on cbs. Sorry not buying it. Heard the same thing last year with the CBS time buy where people said PBC would air cards on showtime yet it never happened.

[IMDAZED]

Then why did he only give this nugget of info in a chat room and not tweet it out or put it on ESPN website? It's not Dan is shy dude is an attention wh ore who updates articles constantly and tweets excessively yet not one of those outlets he does he choose to go out and say it will be PBC? And not a single tweet or press release from showtime head saying it will be presented by PBC. EVERYTHING officially released says only showtime. Sorry not buying it. Heard the same thing last year with the CBS time buy where people said PBC would air cards on showtime yet it never happened.

Doesn't matter. He said it.

"Showtime Boxing on CBS Presented by PBC."

Anything else?

[bigdunny1]

Doesn't matter. He said it.

"Showtime Boxing on CBS Presented by PBC."

Anything else?

It does matter what he writes on ESPN and tweets out hold more weight then a vague comment on a chat room where he says whatever that means at the end almost dismissing it. If that's what Dan believed and wanted to report he would be screaming it from roof tops and not burying it in a chat room. Sorry not buying it LMAO.

[IMDAZED]

It does matter what he writes on ESPN and tweets out hold more weight then a vague comment on a chat room where he says whatever that means at the end almost dismissing it. If that's what Dan believed and wanted to report he would be screaming it from roof tops and not burying it in a chat room. Sorry not buying it LMAO.

Nothing vague about it at all.

"Showtime Boxing on CBS Presented by PBC."

Hurts doesn't it?

No one asked you what you're buying. You think I'm making these posts for you? Silly boy.