According to an SEC filing (a public companies' financial statement or other formal document submitted to the US Securities and Exchange Commission) by ProElite, Inc. on Thursday, the company is refusing to close its doors without a fight.

On October 31, the company received a notice from Showtime Networks announcing the sale of ProElite assets at a public auction. On November 4, the cable network made an SEC filing announcing the sale and placed ads on several MMA websites advertising it. Showtime's Senior Vice President of Sports and Event Programming, Ken Hershman, also sits on ProElite's board of directors.

In line with a recent letter to fighter managers promising a return in early 2009, ProElite said it would do everything in its power to stay off the auctioning block.

"The Company plans to take all appropriate measures to prevent the sale from occurring," the filing states. "Such measures may include raising additional financing, filing a lawsuit enjoining the sale, filing a bankruptcy petition or negotiating a settlement with Showtime. There can be no assurances that the company will be successful in any of these actions."

According to some sources, ProElite's first tactic may be to sue CBS Networks over gate revenue produced by its third show, "Heat". The embattled company could argue the network forced them into default on a one million dollar loan from Showtime by misrouting the funds from the Sunrise, Florida, show.

A condition of Showtime's loan, dated June 18, said ProElite's assets could be sold or taken over if it did not maintain $550,000 in cash reserves.

"CBS took the gate revenue directly from Miami, and it was contracted to go through ProElite first," a source said. "If that had happened at the time that (Showtime) called in the note, there would have been enough money that they couldn't have called in the note. So there's a legal argument there."

"ProElite's claim would be that they could have raised the money in that time, but once Showtime called in that note, publicly, it ruined any chances of raising money."

An SEC filing on December 9 detailed an agreement between CBS and ProElite where CBS would cover all costs associated with the show, and "receive" all revenue from the event, though details on how that would occur were not specified.

The question now is whether ProElite can afford to go to battle with CBS in a civil court.

Requests to CBS and ProElite representatives asking for comment were not immediately returned.

The auction, however, could possibly determine the futures of fighters like Kimbo Slice, Gina Carano, Jake Shields, Robbie Lawler, Frank Shamrock, Nick Diaz, Cristiane Santos, Yves Edwards, Wilson Reis and many others.

Yves Edwards will get his chance to finally get a championship belt around his waist this Saturday night. Edwards, the former "uncrowned" UFC lightweight champion, has fought some of the best guys in the business and has beaten a good majority of them. He's known for his lethal hands, kicks, and knees as well as his excellent submission prowess. He'll get the opportunity to utilize all his skills at EliteXC's "Return of the King" on Saturday night when faces defending 160-pound champion KJ Noons.

The event will be taking place in Hawaii, which can be a gift and a curse for any athlete. As beautiful as Hawaii is, Edwards doesn't want to let the beauty distract him from his main focus. "I don't want to get distracted," he explained. "It's just another fight. I'm going to enjoy it after the fight."

The fight with Noons has a lot of potential for Edwards. After all, this will be the biggest fight up to this point in his career and he knows it. "It's big. I really appreciate it. I feel like it put me back on the map, you know? I got a lot of guys backing me. I have a really strong team. I'm really excited about this fight."

With the CBS deal in EliteXC's hands, a big win will surely propel Edwards to the top of list of fighters in the upcoming events for CBS. However, he is just as happy fighting on Showtime. "Showtime is a big network. There will be a lot of people watching the fight. I'm really excited to be fighting on a major network on cable. There are just so many opportunities right now and I plan on using them all."

EliteXC has established their weight classes differently than many of the other organizations. While this fight is at lightweight, the actual weight will be 160 pounds. Not that Edwards would ever have problem making weight, considering he once weighed in at a UFC event eating a cheeseburger. Due to the increased weight, he has tried to become a little bit larger than he was previously. "I've got a little bit bigger because the weight class is higher. I'm just focused on this fight right now."

An impressive part of Edwards' game is his versatility. He's as dangerous as they come at almost every position. "It's just like every other fight," he commented. "I'm not uncomfortable anywhere in a fight. You can't be one dimensional. That's the biggest part of me being at American Top Team."

Some of his versatility showed in his last fight when he had a highlight reel knockout over Edson Berto. Berto was working a single leg takedown when Edwards, seemingly out of nowhere, jumped with his pivot foot and kneed Berto right on the button to lay him out. "I've practiced that in the gym," he laughed. "There's a lot more where that came from. A whole lot more."

Noons is not an opponent to be taken lightly, which is why Edwards has watched all the fights he could on the champion. "I watched a lot of fights," said Edwards. "I see quite a few places I can capitalize on. The question is, 'will he be the same guy?' I am going to look for all the openings I've seen on tape. I saw a few things that may work out well for me."

Being that this fight is for the championship belt, Edwards is well prepared to go five rounds. "It's always a possibility so you've got to be prepared for it. I feel comfortable going to that distance. I want a finish for the fans. But, I'm going to take advantage of it, if not."

The main factor that Edwards will have on Noons will be his experience. Edwards has been in the cage with some of the best in the business. Having that experience can only help the challenger. However, he isn't expecting that to have any impact on the champion. "It's a possibility, but it's not something I game plan on. He's got fight experience and he has the desire to win. That's what I'm expecting to fight. Anyone less than that, they're going to get their ass whooped."

For Yves Edwards, this is a pivotal fight in his storied career. A win over Noons will propel him to the exposure and notoriety that many other EliteXC fighters such as Kimbo Slice, Joey Villasenor, and Gina Carano have experienced.

Edwards feel he is prepared to defeat Noons and take home another win. His prediction for the fight is simple: "Just to get in there and destroy whatever is in front of me. To walk out of that cage with a W, and my hand held high and a big smile on my face."