Originally Posted by Rollermanskunk
The big issue is that SpikeTV postponed the TV-deal/K-1 airing schedule with half a year which is a major blow for K-1. Such a huge postponement at short notice is hard to cope with.
Selling these shares for just 600 grant is only for paying the debts (which is again a long line of people) and to survive. Hopefully Superkombat can help out (still believing in the Abu Dhabi rumour)
I think it may have only been $300,000.
The problem is that K-1 didn't have a viable model to make money. Glory has the same problem. If they both united then maybe it would be possible to take on the big boys (UFC).
It may be too late though.
Lexi Investment is located in the British Virgin Islands. Seems kind of mysterious, hopefully they aren't the UFC in which case K-1 will never come back.
I had someone translate a portion of the bulletin:
Under such circumstances, we have been searching for investors that are willing to cooperate in continuing business operations under the K1 brand name, with the aim of licensing
and sutaining K-1 as a martial arts event brand name that has worldwide recognition."
"By searching for third party investors to provide increased investment, it will become possible to secure necessary operating funds to continue business operations under the K-1 brand name"