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.
Mark is required to take a 120 day Continuing Education course from Finra in order to qualify for the 211. I wonder where he's at on that?
I recently contacted Finra via email. I will post what they message me and how I made contact as soon as I hear back.
Briefly: when Finra conducts an investigation, they will be looking closely at:
1) Mark's history of making bad choices or not.
2) Each individual bad incident if any and what ill begotten gains occurred as a result.
3) What the ill begotten gains was spent on.
Finra (specifically, the adjudicator for Finra) may or may not conclude with a unique set of disciplinary measures constucted and enforced to deter any future bad choices.
Link to Sanction Guidelines:
http://www.finra.org/web/groups/industry/@ip/@enf/@sg/documents/industry/p011038.pdf
Link to Finra's sanction guidelines (about the manner in which Finra disciplines companies depending on a number of factors). Reading pages 1-9 should help clarify the reality of the situation concerning MIKP.
http://www.finra.org/web/groups/industry/@ip/@enf/@sg/documents/industry/p011038.pdf
Good night for real this time MIKP :o :)
Did you know that if the SEC is investigating a company or firm it does not need to (and usually won't) publicly say so?
Since there's speculation about what finra will do if finra finds MIKP/the company/the execs/etc! to be guilty and in need of discipline, I'm posting a link to finra's saction guidelines to help alleviate some of the doom and gloom with knowledge. Adjudicators use the guidelines to help form disciplinary procedures for deterring companies who make bad choices. After reading at least pages 1-9 one will understand that FINRA doesn't just shut companies/stocks down unless finra we're talking a lot of money and intentional rule breaking + a general bad attitude...
http://www.finra.org/web/groups/industry/@ip/@enf/@sg/documents/industry/p011038.pdf
Aaaaaand Gooooood night MISM! :) Pretty soon the whole page is gonna' be filled with my Good mornings and Good nights. LOL! :)
Good night MIKP! :) the volume for today was definitely interesting. ta ta for now!
like I said: fishy trade tactics (or not) are for a regulatory authority like finra/sec to investigate/decide.
fishy trade tactics (or not) are for a regulatory authority like finra/sec to investigate/decide.
MIKP stock price battle is on today... We seem to be jumping between .0005 and .0003 with nothing going on at .0004. All happening (so far) on small volume. Weird. I speculate there may be some fishy tactics going on to pump up/stomp down the stock as people/someone do what they can to get on board MIKP for a relatively cheap price. Anyway... no big deal.
Good morning MISM :)
Good Morning MIKP! :)
Thanks Maronti1! That's right. :)
Good night MIKP! I'm looking forward to another productive day tomorrow... perhaps some good news about MIKP and the 211 progress? :)
Here's a must have FINRA link for all DD company research prior to investing: Happy Easter! :)
http://www.finra.org/Industry/Enforcement/DisciplinaryActions/FDAS/
Good belated morning MIKP :) Nice to read all the passionate posts today... a saturday no less. :)
Go MIKP Go Mark
Good morning MISM! :) Happy Easter :)
Good morning and Happy Easter MIKP :) and Mark :)
Good night mism! Sleep early, wake up early, work hard work smart and do it again :)
Good night mikp! :)
lol nope... I still don't understand that easter egg business but I go along with it anyway to maintain the status quo. :) I wasn't commenting about the company's recent progress personally, because I don't want to jinx it. :) Also, as glad and relieved as I am to hear the good news, I'd much rather hear about the companies progress where FINRA/the MM/the OTC is concerned. :)
MIKP Plan A (resume quotation on otcmarket pink), Plan B (to be bought out), and Plan C (to go for otcbb) per Mark via a PR dated October 10, 2012:
http://www.otcmarkets.com/stock/MIKP/news/Mike-The-Pike-Productions--Inc--Identifies-Market-Maker-to-Proceed-with-Form-15c2-11-to-Resume-Quotation--Operations-Continue-Uninterrupted-Toward-Revenues-and-Long-Term-Growth?id=53620&b=y
I think in order to file reports with the SEC/qualify for otcbb an mm and auditor will need to be hired and a form 10 must be filed.
http://www.investopedia.com/terms/s/sec-form-10.asp
otcbb qualifications require audit of financials and reports filed with the SEC while Pinks do not. (I'm sure you already know this). I"m hoping Mark is going for otcbb.
http://www.goingpublicinformation.com/Stock_Markets_and_Investor_Relations.htm
so Mark would have to file docs via a MM through the SEC. The filings can be searched here (I'm sure you know this already its' just for the sake of being thorough):
http://www.sec.gov/edgar/searchedgar/companysearch.html
Link to information/basic requirements for Issuers/MIKP
http://www.otcbb.com/issuerinformation/issuerinfo.stm
Hmm... thanks for that clarity... perhaps its' Marks' intention to list with otcbb.com instead? He did mention it before if I recall correctly...
No new updates since yesterday on the website, otcmarkets.com, or otcbb.com. It's March 28th. 90 day deadline for filing the annual report is fast approaching. An extension to file late was not applied for... yet?
We already know the annual report will most likely not be uploaded on the otcmarkets.com since we are on the grey market which doesn't require the company to report anything at all.
However, with FINRA investigating MIKP/The company/Mark, I think the annual report will have to at least be submitted to them (FINRA) by the company via the MM in order to resume quotation. Sooo... I'm thinking by the end of April? We'll hear the verdict from Mark...
And Good morning :) again. :) lol gonna do a quick check of the website and otcmarkets/bb for updates... nope no updates.
Good Morning MIKP! :0 :)
Goooood night mism! :)
Good night mikp! :)
Sounds good. Im looking forward to hearing more about it soon.
Go MIKP! Go Mark! :)
You are right. Mark can technically do whatever he wants with the company per the bylaws and Articles of Incorporation (which he can amend anytime he wants per the rights of his preferred share holdings). Mark doesn't have to make MIKP be a fully or partly reporting company. Yet, he has... and that IMO is a good sign.
Requirements for filing annual reports in the State of Wyoming:
"Other Requirements:
- An annual report will be due annually on the first day of the anniversary month of formation. If not paid within sixty (60) days from the due date, the entity will be subject to dissolution/revocation."
*Mike the Pike Productions was formed in September 2010.
Here's a link to the Articles of Incorporation in Wyoming (listed as 'inactive' on the OTC)
http://www.otcmarkets.com/financialReportViewer?symbol=MIKP&id=91608
Here's a link to the status/standing of Mike the Pike Productions as of today with Wyoming:
https://wyobiz.wy.gov/Business/FilingSearch.aspx
Link to 2010 Wyoming Articles of Incorporation (listed on the OTC as 'inactive'
http://www.otcmarkets.com/financialReportViewer?symbol=MIKP&id=41415
Link to Original Delaware Articles of Incorporation (listed on the OTC as 'active')
http://www.otcmarkets.com/financialReportViewer?symbol=MIKP&id=91608
Thank you. I read your post earlier. I know a company can increase the number of shares at any time they want.
A companies ability to increase the number of their shares anytime they want is not the same as necessarily having Authorized Shares on Reserve, (for the possible/future conversion of all issued and outstanding preferred shares).
Per the Articles of Incorporation in the State of Wyoming (listed as 'inactive' on OTC) AND Delaware (listed as 'active' on OTC), the company must have on hand at all times as Authorized Shares on Reserve an amount of common shares equal to the fully diluted/converted preferred series A shares issued and outstanding.
Thank you! :)