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News Breaks
November 14, 2012
09:59 EDTPRXISchneider says Premier's operating company should not remain public
Greggory Schneider disclosed a 6% stake in Premier Exhibitions (PRXI) this morning and said Premier's operating company should not remain a public entity. The filing stated, "Schneider would like the company to initiate a public and formal process for monetizing the operating company so as to ensure shareholders that they are receiving maximum value. Mr. Schneider believes the market is completely ignoring the value of the operating business and also misunderstanding the tax consequences of the Titanic transaction. With the Titanic assets well on their way to being sold for an amount that far exceeds the company's current market capitalization, Mr. Schneider believes the best way to reflect the company's true value is to immediately initiate a formal process to privatize or sell the operating portion of the business."
News For PRXI From The Last 14 Days
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April 8, 2015
17:10 EDTPRXIPremier Exhibitions settles litigation with Seaventures
On April 3, RMS Titanic a subsidiary of Premier Exhibitions entered into a Full and General Mutual Release Settlement and Confidentiality Agreement with Seaventures. The Agreement settles litigation between the Company and SV in the Circuit Court for Orange Country, Florida. The Agreement requires RMST to pay SV the agreed sum of $425,000, as follows: $75,000 to SV on or before April 10; $100,000 on or before March 1, 2016; $100,000 on or before March 1, 2017; and $150,000 on or before March 1, 2018. In addition the company must stage at least two Joint Exhibitions with SV within 24 months from the date of execution of the Agreement in which SV is entitled to a portion of the net revenues or $1 per ticket sold depending on the location of the exhibition. Each of the parties to the Agreement executed mutual general releases.
April 7, 2015
16:32 EDTPRXIPremier Exhibitions to hold a conference call
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