rollermanskunk
23-11-2012, 00:47
There's been some movement over the past few days in regards to the shares held in K-1, which is a subsidiary of EMCOM.
EMCOM is no longer the majority shareholder in K-1. Yesterday, six million new shares, for six million Hong Kong dollars were issued to LEXI INVESTMENT LIMITED. Essentially, this mean's EMCOM's stake in K-1 is now 0.085%, compared to its previous 51% stake.So what does this mean? Essentially, it looks like K-1 is trying to raise some capital due to losing a lot of money and have found a third party in LEXI INVESTMENT LIMITED to allocate shares to and get an investment from.
There's also a release on EMCOM's website that details this issue, although it's in Japanese. (http://www.hd.emcom.jp/pdf/20121121_001.pdf)What I can make out is that K-1 lost a lot of money (which we already knew) and that operating costs exceeded expectations and that by performing the allocation of shares to a third party, K-1 essentially is trying to generate some new working capital to continue operations, and ultimately try and make K-1 successful enough to be able to make money and pay off its debt and the investment
Bron: http://liverkick.com
Ik hoorde eerder al berichten dat de K-1 HW WGP Final 8 (die voor 26 december stond vastgesteld) zou zijn uitgesteld naar juni 2013 (!). Spike-TV zou K-1 voorlopig niet gaan uitzenden omdat ze in het eerste half jaar van 2013 uitsluitend Bellator willen uitzenden. Door het mislopen van deze tv-deal heeft K-1 op korte termijn een financieel probleem en door de aanzienlijke doorlopende kosten heeft Emcom er voor gekozen om zsm de K-1 aandelen te verkopen.
Wat dit allemaal gaat betekenen voor de toernooien K-1 HW WGP Final (NYC) en K-1 World Max Final 8 (Athens) is nog onduidelijk waarbij de K-1 World Max Final 8 vooralsnog gewoon doorgaat.
EMCOM is no longer the majority shareholder in K-1. Yesterday, six million new shares, for six million Hong Kong dollars were issued to LEXI INVESTMENT LIMITED. Essentially, this mean's EMCOM's stake in K-1 is now 0.085%, compared to its previous 51% stake.So what does this mean? Essentially, it looks like K-1 is trying to raise some capital due to losing a lot of money and have found a third party in LEXI INVESTMENT LIMITED to allocate shares to and get an investment from.
There's also a release on EMCOM's website that details this issue, although it's in Japanese. (http://www.hd.emcom.jp/pdf/20121121_001.pdf)What I can make out is that K-1 lost a lot of money (which we already knew) and that operating costs exceeded expectations and that by performing the allocation of shares to a third party, K-1 essentially is trying to generate some new working capital to continue operations, and ultimately try and make K-1 successful enough to be able to make money and pay off its debt and the investment
Bron: http://liverkick.com
Ik hoorde eerder al berichten dat de K-1 HW WGP Final 8 (die voor 26 december stond vastgesteld) zou zijn uitgesteld naar juni 2013 (!). Spike-TV zou K-1 voorlopig niet gaan uitzenden omdat ze in het eerste half jaar van 2013 uitsluitend Bellator willen uitzenden. Door het mislopen van deze tv-deal heeft K-1 op korte termijn een financieel probleem en door de aanzienlijke doorlopende kosten heeft Emcom er voor gekozen om zsm de K-1 aandelen te verkopen.
Wat dit allemaal gaat betekenen voor de toernooien K-1 HW WGP Final (NYC) en K-1 World Max Final 8 (Athens) is nog onduidelijk waarbij de K-1 World Max Final 8 vooralsnog gewoon doorgaat.