Feb 7, 2016
Rukes Famous GoGo Dancer Photo!! It's an Honor in the EDM industry to be Shot by Rukes. ▶️~✌️🎶💜
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Rukes Famous GoGo Dancer Photo!! It's an Honor in the EDM industry to be Shot by Rukes. ▶️~✌️🎶💜
$SFXE Rant!! SFX Entertainment Files for Chapter 11. As a Shareholder & Long time supporter of #EDM & the EDM/Rave industry. I can't help but feel as if I have been Robbed! I do realize there are many other people that deserve the middle finger in this scenario besides just Sillerman. The SEC, Nasdaq & Wall Street should take a long hard look at the way this whole ordeal has been conducted. I don't know why they even let $SFXE be listed. They appeared to be against the company & EDM industry since the beginning. The stock did nothing but spiral down almost the entire time it was listed. After Sillerman made his 1st bid to take the company private at $5.25 a share but failed to follow thru, I expected the SEC or Nasdaq to step up & at least make a statement. Silence is expected in the OTC market but not from a Nasdaq listed company. I did see positive press come out of CNBC in July. They broadcasted Live from TomorrowLand with a Story titled "Electronic Music is Big Business at TomorrowLand 2015" Link to Video: http://youtu.be/iQb39B2mjrA Only problem is they never do mention $SFXE. CNBC is Stock & Business News. Stock is actually mentioned 1st if you google it. This story was broadcasted at a critical time for $SFXE & could of been a momentum shift. Even to this day I'm not real clear on who owns the TomorrowLand Festival. $SFXE did buy 100% of ID&T for $130 Million. ID&T is the company that puts on TomorrowLand. Both the Original TomorrowLand Festival in Boom, Belgium & TomorrowLand festival in Brazil are listed on $SFXE Earnings report as events they put on this year. I know $SFXE owns TomorrowWorld. The company & shareholders payed the bill for the mistakes that took place this year. The TomorrowWorld festival was a red flag & It signaled some major internal management issues going on with $SFXE. It displayed that ID&T was no longer in control. Duncan Stutterheim (1 of the founders of ID&T) called shenanigans back in April on $SFXE but I wanted to believe that no matter how bad things got, Duncan couldn't watch the company & industry he helped build up, go down in Flames. Under the Chapter 11 filing, SFX Entertainment made a deal with bondholders to erase $300M in debt and take the company private through the voluntary Chapter 11, hoping to be out of bankruptcy in 6 months!!! How is bankruptcy a fair way for $SFXE to take the company private?? Also No festivals will be affected & International subsidiaries aren't affected. What did I invest in? I thought I was buying a share of stock that makes me an owner of the public company??? Obama bad mouthed Wall Street during his state of the Union address & at 1st this disappointed me. I look at investing in the stock market as 1 of the blessings we have as Americans & a benefit of a strong economy. No business is successful on its own. It takes many people doing lots of things that help make a business grow. Employees working hard, business partners doing their part, customers spreading the word & loans to help a business stay competitive. The public market is a way for everyone to benefit. I'm now in agreement with Obama for calling out Wall Street. I invested in GM & was confused on how my investment in the Stock went to $0 but once the government bailed them out, the stock was back trading under the GM symbol. My portfolio never was reimbursed. What kind of message does this send to young investors. Most of our parents lost a chunk of their retirement in the stock market during the financial crisis. Throw in situations like Enron, Leman Brothers, Bernie Madoff & all the bail outs, I question whether or not working hard & conducting honest business is a smart way to go... e PLURibus unum; a phrase that is on all of the U.S. Currency. Although the PLUR part is not capitalized, I think it's a great fit b/c of the similarities that exist in the EDM/Rave Culture & the principles that our great country was built on. "Out of Many 1" is what "e PLURibus unum" means. EDM is unique b/c it allows artist to take music, instruments & sounds created from a variety of places to create a new sound that all ages & nationalities can enjoy. Technology has knocked down communication barriers & created unity & respect among people that at another time may not of existed. This is a reasons I feel SFXEntertainment should stay public & trade under the Nasdaq Free Market. EDM is a Young innovative industry that is built up by Artists & Events from all over the World. Diversity is what makes it unique. Peace, Love, Unity, Respect for all is what it's all about. I started investing in the stock market in 2008. Live Nation was 1 of the best ways to invest in EDM at the time. They were booking more & more EDM artist every year. I purchased shares at under $3 & it sells for over $20 today. $LYV is 1 of the largest concert promoters in the world & just started to show a profit for the 1st time during the 3rd quarter this year. They credited it to their ability to capitalize on content. I also believe their purchase of Insomniac & Hard events could of played a role. EDM & Social Media both played big rolls in each other exploding in popularity over the past decade. I do believe in time the music industry is going to catch up with technology & SFX Entertainment will be 1 of the companies to benefit. The shareholders that foresee this are never going to reap the benefits. The rich get richer & the poor get poorer. If things move forward & $SFXE is allowed to go private. The company will possibly still be around at the turn of the tides but private. How is this fair to shareholders that have lost $ the entire time the company was public? $LYV took years to Show a profit, Amazon did too. My last concern is how events are allowed to go on, without even skipping a beat!! Festivals are expensive & if they are supposedly out of money then who is putting up the cash to keep artist, advertising & employees paid?? Especially executive staff... If they are bankrupt, then they are bankrupt. I think I know the answer to this question. Everyone is making big $ off of $SFXE festivals. Even if there is not any profit left over for shareholders the artist, agents, management, restaurants, airports, hotels, food/beverage companies, taxi drivers & everyone involved is making big $ off of SFX Entertainments Events. In fact in an article by Forbes on the economic impact of the 2014 TomorrowWorld Festival in Atlanta Georgia $94 Million was generated thru out the state. $72 million of this can be labeled as New economic activity & $4.7 was paid in local & state taxes!! The link to the story is here: http://www.forbes.com/sites/hughmcintyre/2015/06/02/edm-festival-tomorrowworlds-massive-94-million-impact/#364d5f001a16 This is just 1 of $SFXE festivals & they host thousands of events thru out the year & all over the world. Imagine the number of jobs, tax money & economic foot print they make. I do not want to see the festivals & events stopped. Our economy needs the money circulating & we all need the escape. Especially if your an investor in Wall Street or believe that hard work & honesty pays... Wish: I want the S.E.C to step in & prevent $SFXE from being allowed to go Private thru bankruptcy. Lawsuit is not the answer, lawyers are the only ones that benefit. Link to Chapter 11 Bankruptcy News: SFX Entertainment files for Chapter 11 http://www.seekingalpha.com/news/3069036 Link to my post on 10 ways $SFXE can make $. http://feelthemusicfeelthevibe.tumblr.com/post/137247688980/since-sfxentertainment-stopped-circling-the-drain
SFX Entertainment Proposal
I am a trader/investor, EDM fan & enthusiast, and most importantly, I am a firm believer in our Free Enterprise Ecosphere! $SFX has the potential to be one of the great public companies of our generation. I’m not sure how Sillerman got in the middle of Wall Street’s #SleepingGiant, aka SFXEntertainment, nor do I know the full extent of impact his involvement has incurred; regardless, I believe that, if nothing else, the industry owes him a thanks for taking it public. However, for most of us (with the exception of a few short-sellers), the goal is to generate & maintain a strong, ethical, & profitable company, & I believe that with Sillerman gone & his purpose served, we have the chance not only to survive, but to THRIVE. EDM is an innovative concept an industry driven by young technology-driven society. EDM uses technology & talent to combine & enhance music from cultures all over the world to create a new sound. Technology has become our pen & paper, the means by which we trade, & a staple tool of our daily lives. And now, the Millennial generation uses technology/computers as an instrument-just as a guitarist strums his guitar or a pianist plays the piano-in an increasingly successful effort to combine beats & melodies that the world has never heard before. In regard to business, the industry has survived & flourished in some of the most difficult circumstances imaginable, eventually landing on Sillerman’s doorstep. Personally, I’m grateful he noticed the opportunity. This culture is in its infancy, it requires inventive & originative thinking with bold moves to get business done. How to generate the most revenue can be trial and error. Music festivals, management companies, & SFX’s life-blood, Beatport, is a good start, but I believe there are several areas with sufficient opportunity to grow & capitalize, such as equipment, clothing & merchandise. Also various sub-culture trends. Mark Cuban invested $650,000 for a 5% stake in “gloving”! If gloving has this much potential, imagine the opportunity $SFX has at $5.25! This is like paying more for one of Apple’s watch suppliers today if you could buy Apple at 2009 prices. With all that’s been said in mind, I’d like to propose an idea.
The Proposal: Unite as Fans, Artists & Investors that see opportunity in EDM to Buy SFX Entertainment $SFXE!
Restructure the Company. Logistics: I do think to have a less corporate flat structure is the way to go. I know over the past month SFX has already put in place a similar strategy. Each company that makes up SFX should have control. This is an important concept b/c innovation is a driving force behind this industry. Let the Artist be free to create his or her art. Let the parent company offer support when needed, funding & be able to help connect our companies. Networking is 1 of the important keys to surviving in this industry. Upper management needs to understand the art & be able to promote the agreed upon goals. I’m not as familiar with all of the current management in place but there is a few that I believe do bring this to the table. I do know the EDM industry is full of lawyers, accountants, marketing execs, label heads, business execs & CEO’s that wear many hats & have found the right niche of music & business. This makes them a perfect fit for this unique business. They are the reason EDM has had success up to this point & should be involved in its movement into the future. I also think artist being on the board or holding a few upper management positions is important PR. I have a list of people in mind that I can share if needed. Here is the last point for my proposal introduction: How does the deal get funded? Answer: MASS PR! We know the numbers this industry can pull. Festivals alone are getting fans to pay >10x proposed take private price of $5.25. Some events draw half a million fans to just ONE of their live festivals. If achieved, I also propose a new stock symbol of EDMC. (Electronic Dance Music Culture) Fans, investors alike need to know what it is this company is about. EDM is what Unites us all & our name needs to say so. I realize Sillerman has invested a great deal into this company. I’m not against him staying a shareholder with the opportunity of capitalizing on the business success. We appreciate his initial bet on EDM with SFXE. I think the industry has somewhere along the road divided into mainstream & underground. Which is not what the culture or industry is about at all. Peace, Love Unity & Respect for all no matter what music background, culture, Main Street, Wall Street, rich poor, young or old. Whether you are a Raver or just a EDM Festival attendee. EDM Is about coming together to enjoy good music & create lasting friendships & memories. Whether it’s at a festival with a half million or in your car with your family. EDM the Music, Events, Industry & Culture can Thrive with the right Public Company in Place Working for a Better Tomorrow! #EDMNeverSleeps 😎✊~✌️🎶💙