Author Topic: PRXI - Premier Exhibitions  (Read 34088 times)

ItsAValueTrap

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Re: PRXI - Premier Exhibitions
« Reply #20 on: October 10, 2013, 12:37:51 PM »
Am I the only person who shorted this?  (In hindsight I covered too early.)

Obviously they've been trying to sell these artifacts and haven't been able to get an offer that's close to $180M.  Presumably they got out of the Guernsey auction because the reserve price wasn't met.
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luck

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Re: PRXI - Premier Exhibitions
« Reply #21 on: October 10, 2013, 01:56:00 PM »
wow.  what an incompetent management team.  the viagra pharmacy question was the funniest thing i've come across in the last few days.  andrew shapiro is a top-notch activist.  hopefully, he and others can light a fire & make some changes.  at that point, might be worth looking into.
« Last Edit: October 10, 2013, 02:00:57 PM by luck »

OracleofCarolina

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Re: PRXI - Premier Exhibitions
« Reply #22 on: November 07, 2013, 06:06:22 PM »
Noticed in a 8-k a couple if weeks ago, they added a new exhibit in conjunction with the Newseum in DC about the FBI and solving crimes...PRXI did not even bother to put out a press release...

OracleofCarolina

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Re: PRXI - Premier Exhibitions
« Reply #23 on: November 20, 2013, 03:29:42 PM »
http://finance.yahoo.com/news/premier-exhibitions-inc-adopts-compensation-210100367.html

It's about time they reduce some of the compensation expenses!


APG12

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Re: PRXI - Premier Exhibitions
« Reply #24 on: March 05, 2014, 06:43:22 AM »
PRXI is down another ~30% since the last post here. Has everyone left this thing for dead? I absolutely refuse to sell any of my stock until they offload the Titanic. Unfortunately, I keep getting these visions of me as an old man gifting the stock to my great grandchildren.  :P

DTEJD1997

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Re: PRXI - Premier Exhibitions
« Reply #25 on: March 05, 2014, 07:07:56 AM »
I take a peek at it every few days...

I am surprised it is trading as high as $.90/share!

I don't think I've ever seen a clearer case of poor management whose interest works against shareholders.

The restrictions on the Titanic artifacts clearly impair their value. 

They've got competition...

They get paid big kash...

Barring some type of sudden interest in the artifacts from a huge money source (China?), I just don't see how this ends well for shareholders.

SFValue

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Re: PRXI - Premier Exhibitions
« Reply #26 on: March 05, 2014, 07:23:25 AM »
can the artifacts be sold as is?

so far the answer is no....

if management is the problem that could be solved with activism, i suppose.

ItsAValueTrap

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Re: PRXI - Premier Exhibitions
« Reply #27 on: March 05, 2014, 08:21:41 AM »
if management is the problem that could be solved with activism, i suppose.

That's how current management got there!  (And apparently the team before them.)

LOL
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ItsAValueTrap

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Re: PRXI - Premier Exhibitions
« Reply #28 on: March 05, 2014, 08:26:05 AM »
During the Arnie Geller era, Premier's lawyers fought tooth and nail to get permission to sell off pieces of the Titanic collection.  The judge denied them and actually hated Premier's lawyers for constantly trying to get permission to do that.  One of the VIC (valueinvestorsclub.com) writeups link to a court document where all of that is described.

Of course I never thought that Premier was a good long and shorted it for a small profit.
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OracleofCarolina

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Re: PRXI - Premier Exhibitions
« Reply #29 on: March 10, 2014, 03:59:17 PM »
http://www.sec.gov/Archives/edgar/data/796764/000117184314001184/newsrelease.htm

for the peeps still clinging to PRXI, should be an interesting call

cheers!