is...
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Highly doubt it. These are necessary hoops to jump through.
He's said what the hold up is, FINRA is taking it's sweet ass time. I've heard from others in similar situations that FINRA has a massive backlog and all you can do is grin and bear it. Not sure what else you expect Mark to say.
I asked AI and it said it wasn't unusual and likely part of the process of them filing/transitioning over to DE. Cornerstone also said via DM that they are absolutely still reincorporating in DE. Waiting on FINRA.
Maybe it has nothing to do with FINRA's delays but it's part of the process of moving their incorporation to WY I believe.
$MIKP recently got their business license reactivated. This is probably part of the holdup with FINRA. One step closer, hopefully the reorganization comes soon.https://t.co/Amidx3mYTK pic.twitter.com/OvyCIOSdDQ
— Professor Brainiac (@ChartDiligence) March 19, 2024
HOD close, impressive after gaining over 500%.
How much do you want to wager the delays are on Finra's end and not Mark's? It's infinitely more likely that if they ask Mark a question, he answer immediately and they take forever to reply. To put it plainly, institutions like Finra are far from efficient. I've learned in almost 2 decades of trading these things always always always take longer than advertised, and the villagers always get restless and pessimistic. Then the merger goes through because eventually Finra gets it together, and then suddenly the market has a whole new paradigm it needs to process and begin to price in. IMO I couldn't ask for a better scenario than what we have here. The strong chart + intriguing story + IP market + the fed up sentiment is possibly the perfect blend for a bull market from hell. Cheers.
At this point I just want to see them file, get off the EM, and announce any merger.
Heck of an update, here are the key takeaways. IMO the bottom is in, great time to add or buy in.
I just watched the interview with the $DFCO CEO, here are the highlights. It actually was quite informative and incredibly promising.
— Professor Brainiac (@ChartDiligence) March 5, 2024
🔑No convertible debt on the books! Everything has been converted into preferred shares and are held by insiders/related parties who believe in…
I'd wager it's Finra just taking forever, nothing new there. That said, until it goes through people are going to assume the worst.
Young Ju Kim (buyer of $NOUV and $OCLG) with a list of corporations he's registered, patents applied for and trademarks applied for:https://t.co/HB5yZXvvSohttps://t.co/DnEnpGjumHhttps://t.co/TayU5TzXyp
— Professor Brainiac (@ChartDiligence) March 3, 2024
Thinking out loud here, but I wonder if the Darling Capital issue is forcing Kim to call an audible and pivot from merging DNAgo with $OCLG and the old Oncologix I.P.
minix.ai is Kim's property and he applied for the trademark registration the same month that he registered the SeniorGo corporation ($NOUV merger), and has since added minixhome.com and minixRV.com. Maybe he's pivoting and using the $OCLG vehicle for that business instead? I wouldn't be mad, those sites look slick and quite promising. I'm going to assume he wants to go public with it and he only owns two shells.
$NOUV he's managed to stay current on but $OCLG seems to have fallen off about the same time Darling Capital became an issue. Very curious if minix.ai is his pivot. $OCLG is a valuable vehicle for going public, just a matter of getting everything cleared and ready for operating and then we'll see if the biotech is still in play or this minix.ai is the new target.
Obviously nothing happens until they're off of the EM, so none of this really matters until then. That said, the moment this gets off the EM I could see a massive market repricing back to .01+.
As I sit back and wait for $OCLG to one day get off of the EM, all I can do is dig and try to find any signs of life or make sense of what the hell Young Ju Kim (buyer of both $OCLG and $NOUV) is doing in the background.
— Professor Brainiac (@ChartDiligence) March 3, 2024
I just discovered a trio of nice looking websites which…
Finra loves taking their sweet ass time.
The company has been trying to monetize their media I.P. for over a decade now, to no avail to date. Reasons to be optimistic here, imo include: a 12 year beautiful base setting up to breakout from and an IP market exponentially more favorable than in years past, thanks to streaming services sucking up as much IP to create content for an insatiable customer base.
The company is setting up for a reorganization which will include a 50 for 1 reverse split, which the market sold off on because retail almost always tends to get screwed on reverse splits in the OTC. My argument is this one is very different for a number of reason, including the post split o/s being a perfectly liquid 50 million range of shares, the chart being a dynamo and welcoming a massive breakout, and ultimately the company using the share restructuring to help them uplist to a better exchange. The pps was .0006 x .0007 when the r/s news hit and then came the selloff. We're almost back to that range now and that is the market's way of say oopsie daisies, we may have misjudged the news. Mark my words, this I believe is an absolute powder keg staring everyone in the face right here and now. By late spring I think we're at minimum testing .001 - .002 and gearing up for the takeoff from a 12 year base, which is essentially unheard of in the OTC.
The market knows the split is coming and the selling is getting drier and drier. Read the writing on the walls, this reorganization is mucho bullish for the stock. Honestly find it entertaining to see the bullish slow melt up take place and have people not connect the dots that it's BECAUSE of the reorganization, not a sign that the split is being canceled. Silly billies.
Normally when there's some sort of major PR or update which is widely known and everyone is waiting on, there's all this unbridled enthusiasm about the fact that when X happens, it's going to be an automatic moonshot. What tends to overwhelmingly happen is the news which is long been telegraphed gets priced into the trading and then when it finally happens, there's an initial blip of buying but then the selloff takes over and it crashes from there. Back in the day everyone used to call it a BORSON effect, ie buy on rumor sell on news.
One of the reasons I'm especially interested here is how the market is treating this known news event, but instead of pricing in upside the front running into the event has been a correction from .001s down to .0003 and now settling where we are. The idea that this massive selloff is going to manifest after it's made official is just as out of touch as thinking that a stock will go for a moonshot when news comes out that was already priced in a loooong time ago. This is the same situation in reverse. Everyone that wanted to sell on the R/S news is long gone, minus maybe a handful that will bail on the move to .001 thinking that will be all she wrote.
Whether or not you believe the hype behind the IP updates, which imo in this IP market is very easy to do (and almost foolish to doubt), what I do know for certain is this chart is the largest sideways base I've ever seen in the OTC and it's over a 100% move away from current levels. And the resistance is getting that much thinner by the tick. Once the market takes the pps to trade above the level it was at when it sold off on the R/S news, that will be an indication that the reaction was the wrong reaction. And thus begins the repricing, the 180 shift in sentiment and the triggering of the biggest base I've come across in 18 years of trading the OTC.
Holy crap, look at the pattern from each price level. 0003s had lots of shares traded, 0004s, had much much less supply and now the .0005s are proving to be even thinner than the 0004s!? Look how little resistance is separating us from a 12 year breakout.. insanity!
This is literally the biggest base I've ever seen in the OTC, 12 years highs staring the market right in the face. You can feel it in the air, we're about to see a humdinger of a breakout here.
I am not privy to knowing what is going on behind closed doors, but two elements that I can see for myself here have me convinced that this time is quite different for the company and their immediate prospects. The idea of them cashing in on their I.P. sounded nice 10+ years ago, but the market and competition for IP wasn't even remotely as favorable as it is now. On top of that, the chart is infinitely more promising than it was a decade or so ago. These factors are paradigm shifting elements which imo have the company in an almost unprecedented situation. Finra taking their sweet ass time is nothing new, but that's just part of the game.
$MIKP shareholders- thank you for your patience-- FINRA comments going smoothly and we anticipate corporate action approval for name/ticker change any day now! As well, some exciting #vampirella news on the way!!! pic.twitter.com/moVxSYX4GY
— Mike the Pike Entertainment (@MTPPRODS) February 20, 2024
That would be hilarious if Mark is over here playing 4D chess.
You may be right, but when they inevitably have to split to uplist it would weigh heavily and would likely help kill the momentum. Getting it done now opens the door not only for us to still go to .01 (.50 post split), but to have much much better staying power because the reorganization was already taken care of and cleaned up the path.
I get it, a quick pop to .01 is hard to argue with, but ultimately I firmly believe it's heading there either way and doing it this way allows them to squeeze this into levels even more absurd than a penny. My trading is probably 90% chart based and this is about as good of a bet as it gets in my system. Since 2019 MIKP has quietly put in 3 secular higher highs in a row, and is now sitting on a launchpad bigger than even I probably appreciate. I'm not betting on Mark's word, I'm betting on what I believe is a high probability chart setup with ludicrous upside potential. The series of higher highs is a level of long term confirmation you would normally only get after a stock had gone into orbit and went nuts. This is a case where you have a long term buy signal, but the split is offering you a short term discount that otherwise wouldn't be there. The most toxic r/s will bring the o/s to incredibly illiquid levels, but these guys did it right and are going to have it in the 50 - 60 million range. Plenty liquid and plenty of room to grow.
I have no clue but I asked Grok about possible explanations, here's what it responded with.
For the people holding out hope that the R/S will get canceled, that last one gives you a ray of hope. If they thought it was the best route then I'm all for it, but on the surface moving the o/s to the 50 million range is the goldilocks zone in terms of liquidity imo. If they cut the o/s down to a million shares or less, that would be hugely troublesome in my view. This truly looks like a rare example where they split it to become a vehicle for actual organic growth. I'll be all for them canceling if that's their conclusion, but I think the split is happening and I think it's going to trade 100x better than some of the people here realize.
Cancel the R/S, watch it go to .002, then watch it fizzle out because they can't uplist and execute on their grand plan. I can't wait to see how well this trades post split and for the naysayers to zip it. If there's a knee jerk reaction to the split initially, I'm saving some powder to take advantage. A 50 million o/s post split is going to trade waaaay better than most here realize, especially with pieces of the puzzle all coming together.
No, that website was put up in late 2022 after the merger was announced. It went largely unnoticed because there was no PR and the company never PRed anything or made any formal announcements whatsoever. I even heard people say it was a fake website which is obviously false for a number of reasons.
IMO the merger went through in 2022 but the company wasn't and still isn't ready to make any official push towards going public and raising capital. When they are they will file their reports with the OTC and we'll get a very long awaited PR. There are numerous signs that they're doing something in the background, including that 'new' site they made, the supplemental filing in April 2023 which goes into some detail about what they're doing, and their most recent sign of life was them updating their officer list in late Nov 23. Once they get off the EM I expect this will gap to .003-.004 range and take off as we learn more.
He has no link, he's literally basing that on the fact that the volume has died off. The split is going to happen imo, and with a 50+ million share o/s it's going to trade way better than the naysayers here realize.
Honestly if you're looking at 2011 and this split as being on par with one another, you're vision lacks any sort of nuance or you're playing the part. What was the o/s post split in 2011? What will it be this time? What sort of financial backing did he have back then compared to now? What sort of connections did Mark have vs now? How close to deals and production was he then vs now? Possibly the biggest question to ask yourself is, what was the I.P. market back then vs now?! What was the chart looking like then vs now?
The knee jerk reaction to sell off on the reverse split is going to prove to be very short sighted but one hell of a buying opportunity before the show begins. The best opportunities in the OTC don't stem from situations where the peanut gallery is all bullish and in perfect agreement. The fact that there is so much skepticism at this stage is even more bullish confirmation in my book. But don't forget, if I end up being 100% right here Imolia says I'm just lucky and not any good at this.
That's yours (and other's) opinion only. A 50 for 1 reverse split is not a 5k for 1 r/s. This is not 2011. The new O/S will be in the sweet spot in terms of liquidity, you have no idea how easy this will be to pop to 12+ year breakout levels post split. The people who think Mark is going to bypass the opportunity to send this into outer space have no idea what's going on. You people seriously have no idea how monumentally wrong your bearish stance is right now, this is nothing like 2011. This is the precipice for a face melting breakout.
I will say this, I am so thankful for the pessimism and short shortsightedness that has been on display in recent months. I've bought up all I can afford and never would have gotten such a large position if it wasn't for the sentiment being what it was/is. "Past performance is no guarantee of future results" has never rang more true.
Sorry to be the bearer of bad news but it's important that the truth is spread as much as possible. I'm actually a big bull on these old Frank tickers, I think they're going to be used for mergers still and some will be quite successful. That said, their purpose will be to raise capital and the best ones will want to uplist, so that means dilution and reverse splits. That will send many of the retail traders away buy my prediction is that there will be some successful mergers who actual do proper splits and are able to grow faster than they dilute, and there will be lots of upside even for the ones that needed to clean up their share structures.
I don't think the retail market is ready to have this conversation, but imo the best shells will be sneaky good buys on the sell offs when the A/S are raised and the splits are announced. The key will be getting the o/s somewhere in the 50 million - 100 million range, so for a ticker like this I'd actually like to see a 50 for 1 split. It would cause a sell off but smart money would buy it up imo and then you'd have a clean vehicle for the merger and uplisting. Again, I don't think retail is ready for this conversation because most are too short term of thinkers, but this is a very interesting time in the OTC for these shell plays. 2024 I think will shock people.
I believe that's the wrong company. $ILST is a NV corp and it looks like they in fact did raise their A/S to 6B if you look it up on the SoS.
https://esos.nv.gov/EntitySearch/OnlineEntitySearch
Sexy volume today and Friday. Looking damn good, I think we're on the verge of busting out hard.
When we've moved up, it usually looks something like this. The stock is bone dry and does nothing, then buyers come in and push it up a notch or two and then the volume dies off again. It either goes up on buying or stays sideways on very little volume, and that plays out until the phase is over. It sure looks like that's what about to play out here. 500 shares traded today and I'll bet we don't see much more volume until buyers show up and take out .20.
I'm thinking this will be a strong week.
And I see things differently. I've made a living finding diamonds in the rough in the OTC and buying plays I think the market is overpricing in risk and underpricing it's upside potential. I look for certain elements and I see them in spades here. Debate what you believe will happen all you want, not sure what you are trying to accomplish. My only point was correcting when you implied I was ignoring the risks. I'm simply telling you I think this is a calculated gamble the likes of which I have rarely seen and based on my criteria and methodology, I'm all in figuratively speaking. Every single one of my biggest winners were unpopular when I was in my loading phase. If the board here was unanimously bullish, I wouldn't be here. Cheers.
I hear ya. We all need to trust our scales and trade them. The differing of perspectives is what makes the market so intriguing and potentially lucrative (or the opposite).
Not sure how you got that out of my reply, but that's definitely not the case. If I assigned a 1 to 100 score for my criteria for what I look for in my 'calculated gambles', this would be about a 99 out of 100 here. Once it's above .001 it's a 100 out of 100. That doesn't mean it's a sure thing, there are no sure things in life let alone the market. What it means is it's a trade I take every time it presents itself and I bet as much as I can afford to lose on any one play. Simple as that. Make no mistakes, I'm figuratively all in on $MIKP.
Who said I'm not acknowledging the risks? I said I see more good than bad and that for all of the risks involved, my personal perceived upside and the clues I deem meaningful tell me this is a calculated gamble worth taking and leveraging. I said I believe this is a very good bet at these current levels, factoring what I believe is the risks/reward against what I believe the probabilities are, but I never said it wasn't without it's risks. At this market cap and level, of course the market is saying there are risks. The market is saying there's nothing but risk! I'm saying the market has severely overpriced the risks, but I'm not failing to acknowledge that there are risks. Trading/Investing is all about calculated gambles. I'm saying $MIKP right now at this stage is underpriced at $1 million market cap. It could end up being a total dud but still worth $10 million. I also just so happen to think it's likely going to be valued at $100+ million at some point in time, but again, I never said there are no risks.
A buddy of mine is bidding some 3s. If those fill I may bid some too but they're definitely way thinner than a month or two ago.
The asks just keep getting thinner and thinner. The market seems to be hinting that things aren't nearly as glum as some believe them to be. Getting .0002s filled now seems like a pipe dream for me, which is fine with me, but even .0003s and .0004s are down to scraps. I imagine .0004s will fill if you're patient enough, but the trend is thinner and thinner for these asks. .001s the trading will turn explosive as the bears come to realize they were wrong. All imo.
We'll see. I understand the risks and concerns being addressed, but imo they pale in comparison to the potential of this chart and the value of the I.P./content market these days. The price line that marks (no pun intended) the border of the market believing the hype and not buying the hype is much much closer than people realize.