I bought this one about a month ago. It has been in Chapter 11 bankrupty and the stock has been dirt cheap. Tuesday the value jumped over 60% and another 40% increase in value today. An Asian company plans to take this company over and launch Planet Hollywood ventures in Asia. Buy and hold for awhile is my recommendation on this one and buy while it is still cheap.
It is my understanding that the reorganization of the company is now complete and it should be leaving bankruptcy status and possibly will file to be traded on the NASDAQ exchange. Purchase price I payed for this stock was under $.10 per share due to the bankruptcy status. This stock has been near $30 in the past and, while I don't expect it to soar to those heights anytime in the near future, I do know that the brand name and appeal of the name "Planet Hollywood" is a good investment at this price.