Following and Finding Hollywood's Top Performing Stocks.
Starting Coverage on Platinum Studios (PDOS) $0.15.
==================================================
Hollywood Stock Review Online, Tuesday 5/20/2008.
Chicago 42...57F. Blue Enough.
Los Angeles 55...67F. Fair. (200)
==================================================
Table Of Contents:
1. Starting Coverage on Platinum Studios (PDOS) $0.15.
2. T Boone Pickens Buys 10 Million Shares of Yahoo (YHOO).
3. Disclaimer.
To suscribe, click here:
join-internetstockreview@sparklist.com
mailto:join-internetstockreview@laser.sparklist.com
Contact us: roland@internetstockreview.com
==================================================
1. Starting Coverage on Platinum Studios (PDOS) $0.15.
It's been a week since we've been back from Beverly Hills, where we went to meet the management at Platinum Studios (PDOS) $0.15.
The first thing we have to say is: "Don't let the cover price fool you." It had us fooled -- inasmuch as we had no idea how large this company actually was -- nor did we know how serious their intent is, on becoming a very big player. And we figured that out, within 15 minutes after being in their office.
Oh by the way, before we go any further, we have set up a "Network" for the Hollywood Stock Review as a way to collect Entertainment related investment ideas. When we were in LA we came across three new ideas, none of which we would have found surfing the net. It brought the importance to mind, how you can find great ideas - by simply being in Hollywood. So if you are in the industry, please visit the site, register and pop your ideas there in the blog, which open to everyone. Visit: http://hollywoodstockreview.ning.com/
So....we have been in and out of nearly every situation imaginable in Hollywood. Our claim to fame was back in the late 90's when we discovered Kushner-Locke (KLOC), which developed and produced for the theatrical, made-for-video and pay cable motion picture markets (and which later went bust), but in the interim, went on to trade from under $1.00 to over $20 (and gave us the opportunity to meet Keifer Sutherland, Robert Altman, James Galdofini, Resse Witherspoon and Gregory Cascante) !
We fully understand that a lot of what one runs into in Hollywood, is Wannabes. Like a guy sells his software company to Oracle, banks $30 million and then sinks $10 million of it into forming "Latest Wannabee Victim With a Large Target Drawn on His Back Studios." What happens after that, is rather predictable:
Former software guy meets a lot of actresses, former software guy buys house in Hollywood Hills, former software guy wines and dines on Sunset Blvd., former software guy opens high rent office and staffs with Coes (Co-producers, co-writers, co-executive producers, co-associate producers) and a bevy of attractive assistants -- as even assistants have assistantships vying for internships.
You kind of get the picture. Then there is meeting after meeting and deal after deal that could lead to deals and then the $10 million dollars is gone -- and with some luck, maybe one movie was produced. In fact, there is quite an impressive infrastructure in Hollywood, which seems to have been set up to part the wealthy -- who likes to watch movies and now wants to produce them -- with their money ! All good fun (and somewhat innocent) mind you -- as long they mostly have fun, during the wealth par-tation process. And this is even if you have $100 million. They are ready and waiting for you to get off the plane...
Still -- there are those success stories -- and we feel confident, that Platinum Studios and the experienced rough and tumble team they have put together, are going to come out on top.
In our upcoming report we will go onto great detail about who is working there (the most important thing) and the three divisions they have, any one of, which could knock the ball out of the park.
The divisions in brief are Filmed Entertainment; where they try (and are) bringing animated characters or stories to the big screen by partnering with the major (and we do mean major) movie studios (like the Chairman did with "Men In Black"). The Print Publishing Division, which has already secured agreements with HarperCollins (“Cowboys and Aliens”) and Random House. And the Digital Division, which we sometimes think is there true hidden or secret weapon -- it's ALL Internet related and could be a stand alone monster money maker on its own.
In any event, we are officially on board as today's press release states.
Platinum Studios to Receive Ongoing Coverage in the Hollywood Stock Review.
Tuesday May 20, 6:00 am ET
LOS ANGELES--(BUSINESS WIRE)--Platinum Studios Inc. (OTCBB: PDOS - News) announced today that it has engaged Institutional Analyst Inc. (IAI) to provide ongoing coverage of the company, to be distributed to its database of institutional investors specializing in investments within the Entertainment sector. IAI is an independent research and financial relations consulting firm. Coverage will be delivered via "The Hollywood Stock Review" (HSR) newsletter, which provides coverage for publicly-traded entertainment companies. Established in 1995, the Hollywood Stock Review is a wholly owned publication of IAI. The universe of entertainment stocks which IAI analyzes includes large cap companies such as Disney (DIS), Marvel (MVL) and Viacom (VIA) and additionally encompasses small cap companies stocks such as Lions Gate (LGF) National CineMedia (NCMI) and Stereo Vision (SVSN).
"With the recent announcement of our fifth property being optioned, three of which are with a major movie studio, and this being only our fourth month of being a publicly traded entity, we felt this was the opportune time to initiate a relationship with Institutional Analyst Inc," stated Scott Mitchell Rosenberg, Platinum Studios' Chairman and CEO.
"Platinum Studios is a small entertainment company with big plans and great ambitions," stated Roland Perry, editor of the HSR. "Despite its low share price and small-cap market valuation, Platinum Studios, in our opinion, has quickly assembled one of the most impressive, focused and powerful teams of entertainment industry executives we have come across. During the 13 years we have been covering companies in the entertainment business, we have come to understand that despite the 'creative element,' companies have to be rough and tough in Hollywood to survive. After meeting with management in Los Angeles, it is our impression that they are well positioned to emerge as one of the front-runners in the creation of new content across all media platforms around the world. As part of their plan for achieving this, they have set a goal of creating a library valued north of $250 million. The company has built and continues to build its intellectual property portfolio, which currently contains more than 5,600 characters spanning a full range of genres and styles and which we believe is a gold mine of unexploited properties."
"Equally impressive has been the ability of the company’s Filmed Entertainment division to navigate treacherous Hollywood waters and enter into agreements with heavy hitters such as Disney and DreamWorks Studios, in partnership with Universal Pictures and Imagine Entertainment, as well as the producing team of Kurtzman/Orci (“Transformers”). Additionally, they are forging a parallel path with independently financed films, partnering with Ashok Amritraj’s Hyde Park Entertainment (“Street Fighter”) and Arclight Films (“The Bank Job”). Also noteworthy, is the company’s nascent Print Publishing Division which has already secured agreements with HarperCollins (“Cowboys and Aliens”) and Random House a division of Bertelsmann, AG (“Unique”)," he added. "Finally, in light of all the foregoing, with a market valuation under $30 million, and with the example of Marvel’s ‘Iron Man’ grossing $350 million in its first 10 days, the upside for this company’s stock is understandably attractive for aggressive investors."
Brian Altounian, President and COO of Platinum Studios stated, "Platinum employed an alterative method of 'going public' by utilizing the direct registration process after raising $5 million in a private equity offering. While these types of corporate financings are gaining in popularity, they do not possess the same level of publicity and build up of momentum associated with traditional IPOs, thereby resulting in significantly lighter trading activity post effectiveness. Independent research firms such as Institutional Analyst were formed to bridge this market 'awareness gap' by proactively contacting institutional investors -- and in our case, those investors who currently own shares in other entertainment related companies."
"While Platinum hasn't yet gained the attention of Wall Street, it has received considerable coverage in the press from industry sources such as The Hollywood Reporter, Weekly Variety and Daily Variety to full articles in mainstream media including The Los Angeles Times and the New York Times to televised coverage on EXTRA! and CNBC," continued Mr. Perry. "We are in the process of preparing a detailed research report on Platinum Studios covering its various operating divisions including Filmed Entertainment, Print Publishing, Digital Publishing and Merchandising, which will include detailed information on its impressive management team and their goals and aspirations. Platinum's business model does not require it to own every property it represents, only to control the rights to develop it in other media. With the surging wave of worldwide interest in comic books and graphic novels as source material for new content – as evidenced by Iron Man's $200 million worldwide debut weekend for Marvel Entertainment – and the fact that Platinum's CEO Rosenberg was instrumental in bringing the billion-dollar film and television franchise 'Men in Black' to Hollywood, we do not anticipate having any difficulty in attracting a large audience, to begin following the progress of Platinum, as it continues to monetize its current library and build on its considerable intellectual property portfolio."
Investors wishing to be added to the Hollywood Stock Review mailing list can subscribe at http://www.hollywoodstockreview.com or at the Hollywood Stock Review Network site at http://hollywoodstockreview.ning.com/.
About the Hollywood Stock Review:
The Hollywood Stock Review is part of the Industry Stock Review family of Industry specific newsletters covering the top performing companies within Technology, Biotech, Solar, Entertainment, industries. The Internet Stock Review, its flagship letter which was launched in December of 1998, is one of the oldest investment newsletters specializing in the companies which derive benefits from Internet related technologies.
News Links to Platinum Studios:
La Repubblica (Italy): http://www.platinumstudios.com/news/article.php?article=202
Screen International Daily: http://www.platinumstudios.com/news/article.php?article=203
Variety: http://www.platinumstudios.com/news/article.php?article=202
Screen International Daily: http://www.platinumstudios.com/news/article.php?article=202
Variety: http://www.platinumstudios.com/news/article.php?article=201
The Hollywood Reporter http://www.platinumstudios.com/news/article.php?article=201
CNBC: http://www.platinumstudios.com/video/cnbc/
EXTRA: http://www.platinumstudios.com/video/extraKISS/
New York Times: http://www.platinumstudios.com/news/article.php?article=157
New York Times: http://www.platinumstudios.com/images/news/142_142_large.jpg
Los Angeles Business Journal: http://www.platinumstudios.com/news/article.php?article=186
Archive of All News Coverage:
http://www.platinumstudios.com/news/archive.php
About Platinum Studios, Inc.
Platinum Studios (OTCBB:PDOS - News) is an entertainment company that controls an international library of comic book characters from all over the world, which it adapts, produces and licenses for all forms of media including print, film, online, mobile/wireless, gaming, and merchandising. Platinum Studios' library contains more than 5,600 characters spanning a full range of genres and styles, and also includes properties such as www.DrunkDuck.com, the industry's preeminent webcomics community. Working with leading companies in the entertainment and new media sectors, Platinum believes it is well positioned to emerge as one of the front-runners in the creation of new content across all media platforms.
To learn more about the company and to sign up for our newsletter, please visit our website at http://www.platinumstudios.com/news/index.php.
Platinum Studios Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Although expected, actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of Platinum Studios and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting Platinum Studios and its operations; its markets, products, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently, and other factors detailed in reports filed by Platinum Studios with the SEC.
Contact:
Platinum Studios, Inc.
Media Requests:
Randy Greenberg, 310-807-8140
Randy.Greenberg@platinumstudios.com
or
Investor Requests:
Thomas Becker, 702-478-7363
investors@platinumstudios.com
Source: Platinum Studios Inc.
==================================================
2. T Boone Pickens Buys 10 Million Shares of Yahoo (YHOO).
A lot of what we do, with regards to investing is for fun. It's the same with quite a lot of other people to.
But we've never seen anything like this, a $280 million bet -- which we could just read in his face, when he was being interviewed by CNBC this morning -- was totally done for fun. It was like, "Hey, why not. If Carl (Ichan) is buying, so am I." This is from a guy who we're told doesn't even have an e-mail account. You just had to see his expression, we thought he was going to break out in a laugh.
This is how the pros do it. We saw it also reported on by Dow Jones News Wires.
=====
DJ Boone Pickens: Bought 10 Mln Yahoo Shrs After Icahn Move-CNBC
Tuesday , May 20, 2008 08:41ET
NEW YORK, May 20, 2008 (Dow Jones Commodities News Select via Comtex) -- Texas oilman T. Boone Pickens said he had bought 10 million shares of Yahoo Inc. (YHOO) after billionaire investor Carl Icahn moved to force the company to reconsider a bid from Microsoft Corp. (MSFT).
Icahn last week filed a proxy slate to unseat Yahoo Inc.'s board, accusing its directors of acting "irrationally" after they rejected a Microsoft bid, setting the stage for what could be a battle for control of the Internet company. Icahn's move was preceded by his purchase of roughly 10 million Yahoo shares and options to acquire 49 million more. Microsoft has since said it has resumed talks with Yahoo.
"Because of Carl Icahn, I'm a shareholder in Yahoo too," Boone Pickens said in an interview on CNBC, adding that he had bought 10 million shares. "I'll jump in with Carl. He goes in first, I jump in behind him."
(END) Dow Jones Newswires
=====
And then there's Carl:
From Silicon Alley Advisor:
http://www.alleyinsider.com/
Ain't it just grand to be a corporate raider? The Yahoo fight hasn't even started yet, and already Carl Icahn has made more than $120 million.
How? By starting to buy Yahoo's stock the moment Microsoft withdrew its bid--when Wall Street analysts were frantically downgrading the stock and experts (yours truly) were predicting it would fall to the low $20s. Which it did. Which is where Carl Icahn hoovered up his first 15 million shares. And then he snapped up another 15 million or so the next day, when it was trading at about $24-$25.
(Carl acquired a lot of these shares via options, of course, so he could keep buying hand over fist before everyone sussed out what he was up to and drove the price up to its current "Carl Icahn takeover premium.")
Over the next week, as Yahoo bounced around $25-$26, Carl kept buying, right up until the time he (or or one of his agents) leaked the news that he might launch a proxy fight, at which point the stock immediately spiked about $2.
Add all those timely purchases up, and we estimate that Carl Icahn has a cost basis of about $25 for his 59 million Yahoo shares. Which means that, at this writing, he's about $120 million to the good.
==================================================
Disclaimer: PDOS, Matters discussed in this press release and newsletter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Although expected, actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of Platinum Studios and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting Platinum Studios and its operations; its markets, products, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently, and other factors detailed in reports filed by Platinum Studios with the SEC. Client, we have been reatined for ten thousand dollars and three-hundred thousand shares.
OTC Bulletin Board have factors which create an
uncertainty about the their ability to continue as a going concern. These
concerns are typically related to financing (or lack of), competitive
environments, lack of operating history and operating at loss levels which
is typical of most start-ups.
These statement can usually be found in their most recent 10Q filings and
typically you don't have to dig to far down past the financial tables. We
like to use http://www.pinksheets.com for quick and easy access to SEC
filings. We think it would be wise for most investors to assume that all
companies listed on the OTC Bulletin Board (and many on NASDAQ) have going
concern issues.
================================================
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Hollywood Stock Review Online, Tuesday 5/20/2008.
Chicago 42...57F. Blue Enough.
Los Angeles 55...67F. Fair. (200)
==================================================
Table Of Contents:
1. Starting Coverage on Platinum Studios (PDOS) $0.15.
2. T Boone Pickens Buys 10 Million Shares of Yahoo (YHOO).
3. Disclaimer.
To suscribe, click here:
join-internetstockreview@sparklist.com
mailto:join-internetstockreview@laser.sparklist.com
Contact us: roland@internetstockreview.com
==================================================
1. Starting Coverage on Platinum Studios (PDOS) $0.15.
It's been a week since we've been back from Beverly Hills, where we went to meet the management at Platinum Studios (PDOS) $0.15.
The first thing we have to say is: "Don't let the cover price fool you." It had us fooled -- inasmuch as we had no idea how large this company actually was -- nor did we know how serious their intent is, on becoming a very big player. And we figured that out, within 15 minutes after being in their office.
Oh by the way, before we go any further, we have set up a "Network" for the Hollywood Stock Review as a way to collect Entertainment related investment ideas. When we were in LA we came across three new ideas, none of which we would have found surfing the net. It brought the importance to mind, how you can find great ideas - by simply being in Hollywood. So if you are in the industry, please visit the site, register and pop your ideas there in the blog, which open to everyone. Visit: http://hollywoodstockreview.ning.com/
So....we have been in and out of nearly every situation imaginable in Hollywood. Our claim to fame was back in the late 90's when we discovered Kushner-Locke (KLOC), which developed and produced for the theatrical, made-for-video and pay cable motion picture markets (and which later went bust), but in the interim, went on to trade from under $1.00 to over $20 (and gave us the opportunity to meet Keifer Sutherland, Robert Altman, James Galdofini, Resse Witherspoon and Gregory Cascante) !
We fully understand that a lot of what one runs into in Hollywood, is Wannabes. Like a guy sells his software company to Oracle, banks $30 million and then sinks $10 million of it into forming "Latest Wannabee Victim With a Large Target Drawn on His Back Studios." What happens after that, is rather predictable:
Former software guy meets a lot of actresses, former software guy buys house in Hollywood Hills, former software guy wines and dines on Sunset Blvd., former software guy opens high rent office and staffs with Coes (Co-producers, co-writers, co-executive producers, co-associate producers) and a bevy of attractive assistants -- as even assistants have assistantships vying for internships.
You kind of get the picture. Then there is meeting after meeting and deal after deal that could lead to deals and then the $10 million dollars is gone -- and with some luck, maybe one movie was produced. In fact, there is quite an impressive infrastructure in Hollywood, which seems to have been set up to part the wealthy -- who likes to watch movies and now wants to produce them -- with their money ! All good fun (and somewhat innocent) mind you -- as long they mostly have fun, during the wealth par-tation process. And this is even if you have $100 million. They are ready and waiting for you to get off the plane...
Still -- there are those success stories -- and we feel confident, that Platinum Studios and the experienced rough and tumble team they have put together, are going to come out on top.
In our upcoming report we will go onto great detail about who is working there (the most important thing) and the three divisions they have, any one of, which could knock the ball out of the park.
The divisions in brief are Filmed Entertainment; where they try (and are) bringing animated characters or stories to the big screen by partnering with the major (and we do mean major) movie studios (like the Chairman did with "Men In Black"). The Print Publishing Division, which has already secured agreements with HarperCollins (“Cowboys and Aliens”) and Random House. And the Digital Division, which we sometimes think is there true hidden or secret weapon -- it's ALL Internet related and could be a stand alone monster money maker on its own.
In any event, we are officially on board as today's press release states.
Platinum Studios to Receive Ongoing Coverage in the Hollywood Stock Review.
Tuesday May 20, 6:00 am ET
LOS ANGELES--(BUSINESS WIRE)--Platinum Studios Inc. (OTCBB: PDOS - News) announced today that it has engaged Institutional Analyst Inc. (IAI) to provide ongoing coverage of the company, to be distributed to its database of institutional investors specializing in investments within the Entertainment sector. IAI is an independent research and financial relations consulting firm. Coverage will be delivered via "The Hollywood Stock Review" (HSR) newsletter, which provides coverage for publicly-traded entertainment companies. Established in 1995, the Hollywood Stock Review is a wholly owned publication of IAI. The universe of entertainment stocks which IAI analyzes includes large cap companies such as Disney (DIS), Marvel (MVL) and Viacom (VIA) and additionally encompasses small cap companies stocks such as Lions Gate (LGF) National CineMedia (NCMI) and Stereo Vision (SVSN).
"With the recent announcement of our fifth property being optioned, three of which are with a major movie studio, and this being only our fourth month of being a publicly traded entity, we felt this was the opportune time to initiate a relationship with Institutional Analyst Inc," stated Scott Mitchell Rosenberg, Platinum Studios' Chairman and CEO.
"Platinum Studios is a small entertainment company with big plans and great ambitions," stated Roland Perry, editor of the HSR. "Despite its low share price and small-cap market valuation, Platinum Studios, in our opinion, has quickly assembled one of the most impressive, focused and powerful teams of entertainment industry executives we have come across. During the 13 years we have been covering companies in the entertainment business, we have come to understand that despite the 'creative element,' companies have to be rough and tough in Hollywood to survive. After meeting with management in Los Angeles, it is our impression that they are well positioned to emerge as one of the front-runners in the creation of new content across all media platforms around the world. As part of their plan for achieving this, they have set a goal of creating a library valued north of $250 million. The company has built and continues to build its intellectual property portfolio, which currently contains more than 5,600 characters spanning a full range of genres and styles and which we believe is a gold mine of unexploited properties."
"Equally impressive has been the ability of the company’s Filmed Entertainment division to navigate treacherous Hollywood waters and enter into agreements with heavy hitters such as Disney and DreamWorks Studios, in partnership with Universal Pictures and Imagine Entertainment, as well as the producing team of Kurtzman/Orci (“Transformers”). Additionally, they are forging a parallel path with independently financed films, partnering with Ashok Amritraj’s Hyde Park Entertainment (“Street Fighter”) and Arclight Films (“The Bank Job”). Also noteworthy, is the company’s nascent Print Publishing Division which has already secured agreements with HarperCollins (“Cowboys and Aliens”) and Random House a division of Bertelsmann, AG (“Unique”)," he added. "Finally, in light of all the foregoing, with a market valuation under $30 million, and with the example of Marvel’s ‘Iron Man’ grossing $350 million in its first 10 days, the upside for this company’s stock is understandably attractive for aggressive investors."
Brian Altounian, President and COO of Platinum Studios stated, "Platinum employed an alterative method of 'going public' by utilizing the direct registration process after raising $5 million in a private equity offering. While these types of corporate financings are gaining in popularity, they do not possess the same level of publicity and build up of momentum associated with traditional IPOs, thereby resulting in significantly lighter trading activity post effectiveness. Independent research firms such as Institutional Analyst were formed to bridge this market 'awareness gap' by proactively contacting institutional investors -- and in our case, those investors who currently own shares in other entertainment related companies."
"While Platinum hasn't yet gained the attention of Wall Street, it has received considerable coverage in the press from industry sources such as The Hollywood Reporter, Weekly Variety and Daily Variety to full articles in mainstream media including The Los Angeles Times and the New York Times to televised coverage on EXTRA! and CNBC," continued Mr. Perry. "We are in the process of preparing a detailed research report on Platinum Studios covering its various operating divisions including Filmed Entertainment, Print Publishing, Digital Publishing and Merchandising, which will include detailed information on its impressive management team and their goals and aspirations. Platinum's business model does not require it to own every property it represents, only to control the rights to develop it in other media. With the surging wave of worldwide interest in comic books and graphic novels as source material for new content – as evidenced by Iron Man's $200 million worldwide debut weekend for Marvel Entertainment – and the fact that Platinum's CEO Rosenberg was instrumental in bringing the billion-dollar film and television franchise 'Men in Black' to Hollywood, we do not anticipate having any difficulty in attracting a large audience, to begin following the progress of Platinum, as it continues to monetize its current library and build on its considerable intellectual property portfolio."
Investors wishing to be added to the Hollywood Stock Review mailing list can subscribe at http://www.hollywoodstockreview.com or at the Hollywood Stock Review Network site at http://hollywoodstockreview.ning.com/.
About the Hollywood Stock Review:
The Hollywood Stock Review is part of the Industry Stock Review family of Industry specific newsletters covering the top performing companies within Technology, Biotech, Solar, Entertainment, industries. The Internet Stock Review, its flagship letter which was launched in December of 1998, is one of the oldest investment newsletters specializing in the companies which derive benefits from Internet related technologies.
News Links to Platinum Studios:
La Repubblica (Italy): http://www.platinumstudios.com/news/article.php?article=202
Screen International Daily: http://www.platinumstudios.com/news/article.php?article=203
Variety: http://www.platinumstudios.com/news/article.php?article=202
Screen International Daily: http://www.platinumstudios.com/news/article.php?article=202
Variety: http://www.platinumstudios.com/news/article.php?article=201
The Hollywood Reporter http://www.platinumstudios.com/news/article.php?article=201
CNBC: http://www.platinumstudios.com/video/cnbc/
EXTRA: http://www.platinumstudios.com/video/extraKISS/
New York Times: http://www.platinumstudios.com/news/article.php?article=157
New York Times: http://www.platinumstudios.com/images/news/142_142_large.jpg
Los Angeles Business Journal: http://www.platinumstudios.com/news/article.php?article=186
Archive of All News Coverage:
http://www.platinumstudios.com/news/archive.php
About Platinum Studios, Inc.
Platinum Studios (OTCBB:PDOS - News) is an entertainment company that controls an international library of comic book characters from all over the world, which it adapts, produces and licenses for all forms of media including print, film, online, mobile/wireless, gaming, and merchandising. Platinum Studios' library contains more than 5,600 characters spanning a full range of genres and styles, and also includes properties such as www.DrunkDuck.com, the industry's preeminent webcomics community. Working with leading companies in the entertainment and new media sectors, Platinum believes it is well positioned to emerge as one of the front-runners in the creation of new content across all media platforms.
To learn more about the company and to sign up for our newsletter, please visit our website at http://www.platinumstudios.com/news/index.php.
Platinum Studios Safe Harbor Statement
Matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Although expected, actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of Platinum Studios and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting Platinum Studios and its operations; its markets, products, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently, and other factors detailed in reports filed by Platinum Studios with the SEC.
Contact:
Platinum Studios, Inc.
Media Requests:
Randy Greenberg, 310-807-8140
Randy.Greenberg@platinumstudios.com
or
Investor Requests:
Thomas Becker, 702-478-7363
investors@platinumstudios.com
Source: Platinum Studios Inc.
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2. T Boone Pickens Buys 10 Million Shares of Yahoo (YHOO).
A lot of what we do, with regards to investing is for fun. It's the same with quite a lot of other people to.
But we've never seen anything like this, a $280 million bet -- which we could just read in his face, when he was being interviewed by CNBC this morning -- was totally done for fun. It was like, "Hey, why not. If Carl (Ichan) is buying, so am I." This is from a guy who we're told doesn't even have an e-mail account. You just had to see his expression, we thought he was going to break out in a laugh.
This is how the pros do it. We saw it also reported on by Dow Jones News Wires.
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DJ Boone Pickens: Bought 10 Mln Yahoo Shrs After Icahn Move-CNBC
Tuesday , May 20, 2008 08:41ET
NEW YORK, May 20, 2008 (Dow Jones Commodities News Select via Comtex) -- Texas oilman T. Boone Pickens said he had bought 10 million shares of Yahoo Inc. (YHOO) after billionaire investor Carl Icahn moved to force the company to reconsider a bid from Microsoft Corp. (MSFT).
Icahn last week filed a proxy slate to unseat Yahoo Inc.'s board, accusing its directors of acting "irrationally" after they rejected a Microsoft bid, setting the stage for what could be a battle for control of the Internet company. Icahn's move was preceded by his purchase of roughly 10 million Yahoo shares and options to acquire 49 million more. Microsoft has since said it has resumed talks with Yahoo.
"Because of Carl Icahn, I'm a shareholder in Yahoo too," Boone Pickens said in an interview on CNBC, adding that he had bought 10 million shares. "I'll jump in with Carl. He goes in first, I jump in behind him."
(END) Dow Jones Newswires
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And then there's Carl:
From Silicon Alley Advisor:
http://www.alleyinsider.com/
Ain't it just grand to be a corporate raider? The Yahoo fight hasn't even started yet, and already Carl Icahn has made more than $120 million.
How? By starting to buy Yahoo's stock the moment Microsoft withdrew its bid--when Wall Street analysts were frantically downgrading the stock and experts (yours truly) were predicting it would fall to the low $20s. Which it did. Which is where Carl Icahn hoovered up his first 15 million shares. And then he snapped up another 15 million or so the next day, when it was trading at about $24-$25.
(Carl acquired a lot of these shares via options, of course, so he could keep buying hand over fist before everyone sussed out what he was up to and drove the price up to its current "Carl Icahn takeover premium.")
Over the next week, as Yahoo bounced around $25-$26, Carl kept buying, right up until the time he (or or one of his agents) leaked the news that he might launch a proxy fight, at which point the stock immediately spiked about $2.
Add all those timely purchases up, and we estimate that Carl Icahn has a cost basis of about $25 for his 59 million Yahoo shares. Which means that, at this writing, he's about $120 million to the good.
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Disclaimer: PDOS, Matters discussed in this press release and newsletter contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "intend," "expect" and similar expressions identify such forward-looking statements. Although expected, actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of Platinum Studios and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: the impact of economic, competitive and other factors affecting Platinum Studios and its operations; its markets, products, and distributor performance, the impact on the national and local economies resulting from terrorist actions, and U.S. actions subsequently, and other factors detailed in reports filed by Platinum Studios with the SEC. Client, we have been reatined for ten thousand dollars and three-hundred thousand shares.
OTC Bulletin Board have factors which create an
uncertainty about the their ability to continue as a going concern. These
concerns are typically related to financing (or lack of), competitive
environments, lack of operating history and operating at loss levels which
is typical of most start-ups.
These statement can usually be found in their most recent 10Q filings and
typically you don't have to dig to far down past the financial tables. We
like to use http://www.pinksheets.com for quick and easy access to SEC
filings. We think it would be wise for most investors to assume that all
companies listed on the OTC Bulletin Board (and many on NASDAQ) have going
concern issues.
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