CKX Stock Begins Trading March 1
Robert Sillerman wore Elvis glasses and a TCB tie at the NASDAQ stock exchange!
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"We are extremely excited to be listed on the Nasdaq National Market," aid Mr. Sillerman. "We believe this listing makes tremendous sense, as Nasdaq is home to some of the most creative and innovative companies in the world."
The Company is engaged in the ownership, development and commercial utilization of entertainment content and plans to make strategic acquisitions of, or partner or align with, individuals or companies that control various forms of pre-existing content, whether or not such content has been fully developed or all revenue streams have been fully explored. The Company recently completed the acquisition of an 85% interest in entities which own the name, image and likeness of Elvis Presley and own or have the right to use and benefit from assets and revenue streams associated with the Presley name and assets.
The Company is presently conducting business under the name "CKX" and intends to seek shareholder approval to change its name to "CKX, Inc."
Elvis Presley stock makes big leap from over-the-counter trade
By Michael Lollar, Commercial Appeal
Massachusetts Elvis fan Kathleen Bernegger, a retired
teacher, shopped for Elvis Presley souvenirs at Graceland Plaza Tuesday as one
of roughly 600,000 fans who visit the city each year, turning Elvis into a
literal commodity.
The company that now owns 85 percent of Elvis Presley Enterprises moved
Monday from an over-the-counter stock offering to a full-fledged member of a
major stock exchange, NASDAQ.
"I haven't even bought a T-shirt yet. I'll have to work up to the stock," said Bernegger, whose husband, building contractor Lloyd Bernegger, said he will have to study the stock offering before deciding whether to invest.
Elvis Presley has been traded publicly since Dec. 17 when 85 percent of Elvis Presley Enterprises was acquired by New York media mogul and producer Robert F. X. Sillerman. He acquired the company through an inactive corporation, Sports Entertainment Enterprises Inc., which had traded under the name SPEA. As word of his Elvis acquisition spread, the stock price climbed from a 52-week low of 6 cents a share to as high as $23.40 a share.
The rising volume qualified the company to join NASDAQ, where it debuted Tuesday under the ticker symbol CKXE. The stock, which closed Monday at $16.75 a share, closed Tuesday at $18.48 a share.
At EPE, chief executive officer Jack Soden said, "We're excited and delighted. It's just one more step. NASDAQ has some of the most creative and exciting stocks in the world."
For Elvis fans Errol and Grace Fitzell of Portage La Prairie, Manitoba, Canada, the stock offering was a hopeful sign of increased profits for a business in which they already believe.
Grace Fitzell, who owns four Elvis purses, says she buys Elvis trinkets, not stock.
But she hopes others invest heavily in the stock in hopes "they will use the profits to reopen the Elvis Presley restaurant (Elvis Presley's Memphis) on Beale Street."
Sillerman said the financial security the deal provides means "the estate can be run with a somewhat more risk-oriented and expansive approach. ... One can invest in tomorrow."
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Tupelo's Own Elvis Presley DVD
Never before have we seen an Elvis Presley concert from the 1950's with sound. Until Now! The DVD Contains recently discovered unreleased film of Elvis performing 6 songs, including Heartbreak Hotel and Don't Be Cruel, live in Tupelo Mississippi 1956. Included we see a live performance of the elusive Long Tall Sally seen here for the first time ever. + Plus Bonus DVD Audio.
This is an excellent release no fan should be without it.
The 'parade' footage is good to see as it puts you in the right context with color and b&w footage. The interviews of Elvis' Parents are well worth hearing too. The afternoon show footage is wonderful and electrifying : Here is Elvis in his prime rocking and rolling in front of 11.000 people. Highly recommended.
Tupelo's Own Elvis Presley DVD Video with Sound.
