Beautifully engraved SPECIMEN certificate from Planet Hollywood International, Inc
. This historic document was printed by the United States Banknote Corporation and has a
block border with a vignette of the company logo. This item has the printed signatures of the Company's Chairman of the Board and President along with Demi Moore, Governor Arnold Schwarzenegger, Sylvester Stallone and Bruce Willis. This was the first certificate issued after the company went public.
On October 11, 1999, Planet Hollywood International, Inc. announced that it would file petitions under Chapter 11 of the United States Bankruptcy Code in Delaware on October 12, 1999. On October 12, 1999, the Company and twenty-five of its operating subsidiaries filed voluntary petitions commencing cases under Chapter 11 of the United States Bankruptcy Code with the United States Bankruptcy Court for the District of Delaware. The cases are being jointly administered under the case name IN RE: PLANET HOLLYWOOD INTERNATIONAL, INC., et. al., Case No. 99-3612 (JJF). The Company and its subsidiaries continue to operate their businesses as debtors-in-possession in such cases. A copy of the voluntary petition for Planet Hollywood International, Inc. is filed as Exhibit 2.1 herewith and incorporated herein by reference. The Honorable Joseph J. Farnan, Jr., United States District Judge, will preside over the cases.
On January 27, 2000 Arnold Schwarzenegger said he is ending his five-year contract with Planet Hollywood International. As an investor, the actor was the public face of the troubled restaurant chain, along with fellow box office heavyweights Bruce Willis, Demi Moore and Sylvester Stallone. The actor said he has sold his interest in the Orlando-based company. "It was lots of fun and very challenging to come up with and develop the celebrity restaurant concept on an international level," he said in a statement. "Of course, I am disappointed that the company did not continue with the success I had expected and hoped for."
Specimen Certificates are actual certificates that have never been issued. They were usually kept by the printers in their permanent archives as their only example of a particular certificate. Sometimes you will see a hand stamp on the certificate that says "Do not remove from file".
Specimens were also used to show prospective clients different types of certificate designs that were available. Specimen certificates are usually much scarcer than issued certificates. In fact, many times they are the only way to get a certificate for a particular company because the issued certificates were redeemed and destroyed. In a few instances, Specimen certificates were made for a company but were never used because a different design was chosen by the company.
These certificates are normally stamped "Specimen" or they have small holes spelling the word specimen. Most of the time they don't have a serial number, or they have a serial number of 00000. This is an exciting sector of the hobby that has grown in popularity over the past several years.