Check
the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
o
Written communications
pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the
Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item
8.01 Other Items
On
June12, 2008, Platinum Studios, Inc. (the “Company”) received a valuation of its
intellectual property which consists of a library of comic characters. The
valuation provides that the fair market value of a 100% equity interest in
the
intellectual property held and controlled by the Company under a going-concern
premise is $150,038,000. The valuation was conducted by Sanli Pastore &
Hill, Inc. (“SP&H”) at the request of the Company. In performing the
valuation SP&H used the American Society of Appraisers definition of fair
market value. A copy of the valuation is attached hereto as Exhibit 99.1.
Item
9.01 Financial Statements and Exhibits.
(c)
Exhibits.
Exhibit
Number
Description
99.1
Valuation
Report by Sanli Pastore &
Hill dated June 12,2008
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant
has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.