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Exactly. I have a feeling it will drop like a rock.
You will also notice the previous tickers on this shell. Many of which were trucking companies that had something to do with semis and transportation. That is also a little shady. We do know thru filings the new company novacab will betaking on SBRHDs debt. So they will be starting with a debt of at least $270,000. There website is also funny I wonder how long ago it was built. http://www.novacab.ca/. You will notice at the top of the page on there website it says some words they are "savings", "CONFORT" I think they mean "COMFORT. But they are french canada so I will give them some slack on using the french word. The novacab climate control system is a luxury many truck drivers have a system that is much less money already installed. So there system would be considered an upgrade to a stock semi. There is a massive installation fee also because they have to go back over the existing system and replace wires and knobs.
That just is not true. There are often sell offs with reverse mergers. First of all everyones shares were cut to nothing. The major thing we have no clue what type of success the Novacab company has. It is a headache often for a private company to go public and deal with shareholders. So why are they going public? Most likely because they need money. So the only way to do this is dilution or using shares to acquire financing. So once the OS is diluted back to billions via the huge AS the PPS will follow with it lower and lower. Novacab has major competition and is a very small player in the USA and Canada. So I would not expect to get rich. Until we see actual financials and revenues we have no clue what type of market cap to put on this company. They may have no cash flow and a small profit margin so who knows yet what this market cap could be. But one for sure thing every share diluted devalues PPS.If the shell was clean and there were not Pump and Dump promoters previously involved the outcome might be more optimistic.
LOL don't be fooled I would wait till financials and all that jazz come. Reverse Mergers happen all the time in pennyland. There was a reverse split so the 5 billion AS should have dropped down 1 to 1000 making the 5 billion, 5 million. There is a major reason existing companies go public. If the company actually generates revenue then they can use shares for all sorts of reasons. But companies go public to gain leverage in the finances. Say a company wants to grow yet they don't want to take on debt or maybe no institution would lend them money so they go public and have investors finance them via shares. I could name many many penny stock reverse mergers that went real bad. I would pay very close attention to the 5 billion AS. This shell company was a very inexpensive one so the new company moving in paid a very small price for it. Meaning they did not want to spend a lot of money going public. They started at the very bottom in pinksheets. Also giving reason to proceed with caution. From what I am seeing right now there is a very strong chance of massive dilution and a massive PPS drop due to that. This is how they do it reverse split, then ticker change, then dump shares. If you go on otcmarkets.com you will see this shell has changed tickers many times and they have done a reverse split with each ticker change. Of those many times this shell changed tickers I am sure a few of those were reverse mergers. So no guarantee of any run. From my experience it will drop hard. The original owners of this shell Mark Newbauer and Brian Kistler are known Pump and Dump kings. It is obvious that Mark lawyer found the body to fill this shell because Marks lawyer is currently CEO of this shell. So there is still a lot of answered shady history here to cause major caution. I would bet this drops down to .0001 prices again within a couple months after major dilution.
With (MIKP) Mark Newbauer, Brian Kistler and a securities lawyer from New York owning most of this company there should be an exciting ride ahead without a doubt! Can't wait to see the PR on the new clothing company. There are at least 2 billion shares that need to be dumped before the next possible Reverse Split.
Who knows maybe MIKP will do well off the ADCS P&D. I guess a lot has happened in the past year of course we would never know because the only news we get for MIKP is on some blog somewhere.
It gets deeper much deeper. So MIKP owns majority shares in ADCS. Well ADCS is getting ready to do a P&D with Kistler. They are going to flaunt a new business model which is D&J fashion previous owned by Jake Slater. Well Jake is a very young kid he used to do some nonsense work for MIKP way back in 2009 and early 2010. Jake was actually one of the kids that helped run the Fort Wayne Talent Show. Man this scam just does not stop.
There is so much unknown here at MIKP. For instance MIKP owns 590,000,000 million common shares of ADCS and 110,000 preferred shares of ADCS and is controlling share holder. Last we knew from PRs MIKP and ADCS cut business with each other even defaulting on payment for servenation. But recent financials of ADCS because they are getting ready to go on a pump and dump shows MIKP is controlling owner of ADCS. Also the second controlling shareholder is New Opportunity Business Solutions they own 360,000,000 millions shares of ADCS and 35,000 preferred shares of ADCS. Of course we know Brian Kistler owns and operates New Opportunity Business Solutions. As New Opportunity Business Solutions was also involved with EESO. Man the story gets better even but I will refrain from posting the rest.
I hope you are not implying they don't have to submit financials with there 211 is that what you are saying?
Did you notice MIKP has been in operation as a company for many years and if they file a 15c211 regardless of pinksheet or any color sheet they have to provide financials of recent and past company operations. There are no ifs ands or butts about it.
Your own words describe Mark as a penny pincher that does not like to waste company money. Well somehow we have $700K debt with no product. CEO is blogging about diluting to pay for whatever. CEO is blogging about taking half of everyones shares as soon as he can a locking them up as preferred shares instead of reverse split. Shoot be honest if he had a real business plan I would take the reverse split. But then he would just dilute it back to all hell so I see why he wants to go the preferred share route. I mean what a strange dude. He is already making plans to screw all the shareholders if they let him. Worse part is a bunch of shareholders just sit and stare at him in awe like he is a guru saving them. I just don't get it.
I recognize a lot of things. One thing is this if MIKP is a real company continuing operation and making money why would they not stay up to date with there investors on financials especially when you are trying to prove to FINRA you are a real company? There are grey sheet securities that do report and they have never had there financials listed as inactive. Again MIKP has no money and no revenue therefore they have nothing to show. The only thing MIKP can show is dilution a reverse split and no revenue producing product after millions of $ in shares sold. As a matter of fact MIKP has some $700,000 of debt.
LOL. MIKP has no financials at all on the OTC info page. It would make absolutely no sense to not put financials up on the otc website if they had them in hand. There are 4 stocks suspended on the same day as MIKP that never stopped posting financials nor were there old financials taken down from OTC. If MIKP is so poor they can't even afford to put financials on OTC info page then I don't want to see those financials.
Good dig up. That exactly describes the CEO. He is a proven liar over and over again. The added insult part is exactly why I would never talk to that guy on the phone. I mean there are much more ethical ways to conduct business. But this is how CEOs of don't have a business operate. They don't like being questioned because they can't remember the last lie they may have said. Obviously he is not as smart as he thinks he is because he has been caught numerous times being deceptive.
By the way my AON order for 1 million has been sitting there for a few days now so maybe you might want to call that order in! My MM is ETMM.
But of course since all MIKP financials have been removed we know that MIKP had issues with there financial statements. It without a doubt had something to do with the $2 million dollar asset they were trying report. This thing is done. So much against it, it is ridiculous. Not sure what game Mark and the supposed MM are playing.
Below is the process and requirements for the 15c211. I bolded the parts needed to require an approval. You will notice a history of past and recent financials is required. However for some reason all of MIKPs financials has been removed altogether and as of yet I have seen no financials on the OTC. So please tell me how did they submit the 15c211 without the required financials? You will notice this statement below:
For all reporting company listings on the OTCBB, please provide audited financial statements.
For non-reporting company listings on the Pink Sheets, please provide audited or non-audited financial statements. Provide the last 2 fiscal years, if applicable, for the issuer or any predecessor.
Auditor inquiry response letters (legal letters) of the Company received during the last three (3) years.
Again I see no financials on OTC were are they?
FINRA Form 15c2-11 Filings
Securities and Exchange Commission Rule 15c2-11 promulgated under the Securities Exchange Act of 1934 prescribes certain categories of issuer information that a broker-dealer must have in its possession before posting a quotation for the issuing company's stock. The information is submitted by the sponsoring broker-dealer to FINRA on Form 211. Below is a typical list of information requested by a sponsoring broker-dealer firm. Some broker-dealers may require more information.
Requirements for Initial Review of 15C2-11
How to Organize a 211 application:
1. Provide 2 sets of due diligence documents in 3 ring binders as required for a 15c211 application.
2. Due diligence package and included information should include a Table of Contents with the use of tab sheet dividers for organizational purposes.
3. Each due diligence package should be divided in the order of the questions and information requested.
4. For all answers such as provided herein and/or attachments, list the title of the section that the information can be found and also state the page and paragraph number where it can be located.
Items required for all 211 applications:
Detailed description of the issuer's business, products/services offered, and source of revenue.
Description of facilities (location, square footage, type of space (office/factory/etc), and whether owned or leased.
Name of current Chief Executive Officer and members of the Board of Directors.
CUSIP number: _______________________
To apply for a CUSIP number contact the Cusip Bureau at: http://www.cusip.com/ or US +1 2124386500.
Certificate of Incorporation with amendments
By-Laws
Free-trading sample certificate photocopy (front & back)
Do you report on Edgar? If so, are you current with your filings. Provide copies of the Issuers last 10K and all 10Q's filed since the fiscal year end.
Current transfer agent generated shareholder list, indicating name and address of each shareholder, amount of shares owned, date of share ownership, and whether the shares are restricted, control, or free trading.
The shareholder list should contain a legend containing: total shareholders, total issued/outstanding shares, total restricted and total free-trading shares.
Describe how the issuer acquired its free-trading shareholder base, including a description of any exemptions from securities laws that may apply.
Any agreements creating restrictions, liens or encumbrances on or relating to the transfer or voting of shares of the Company and/or each of its subsidiaries.
Agreements evidencing stock rights, warrants or options relating to the company and/or each of its subsidiaries.
All stock purchase or asset purchase agreements pursuant to which any division of the Company or its subsidiaries were acquired or disposed of since the last five (5) years.
Has the issuer entered into any discussions or negotiations concerning a potential merger or acquisition candidate? If so, describe in detail the discussions and provide any related documentation.
Merger and/or consolidation agreements involving the Company and/or each of its subsidiaries.
Partnership and/or joint venture agreements involving the Company and/or any of its subsidiaries.
Required financial statements: All financials must be prepared in accordance with GAAP.
For all reporting company listings on the OTCBB, please provide audited financial statements.
For non-reporting company listings on the Pink Sheets, please provide audited or non-audited financial statements. Provide the last 2 fiscal years, if applicable, for the issuer or any predecessor.
Auditor inquiry response letters (legal letters) of the Company received during the last three (3) years.
Notice of Effectiveness for Registration Statement, together with name and number of the SEC examiner who reviewed the filing. If the notice is verbal, please provide the date and time of notification of effectiveness or notification that the registration statement has reached the no-comment phase, together with the name and number of the SEC examiner who contacted you.
Please provide copies of all SEC comment letters and company responses.
For any private placements (past year or since inception) provide the details of the private offering including who solicited investors, how they were known to the solicitor, and how many individuals were solicited whom did not purchase.
Provide one full copy of the subscription agreement. Also provide the signature pages of all subscription agreements subscribed by each investor and any other pages that have writing on them indicating the dollar amount and number of shares subscribed in the subscription agreement. Include copies of all checks by the subscribers. If there were more than one offering memorandum/circular used, provide the same information requested herein.
Include any additional Form D's filed with the SEC.
The following items are needed when available:
Date the offering closed:
Number of shares sold:
Final offering price:
The date the certificates will be or where delivered to shareholders:
Provide a spreadsheet showing all relationships among and between every shareholder and the issuer and its predecessor, its present and prior officers and directors, and other shareholders.
Provide the identity of the individuals who are officers, directors, and principal shareholders of any entities on the shareholder list. In addition, confirm that no officer or director of the Issuer is also an officer, director or principal shareholder of any corporation on the Issuer's shareholder list, except as disclosed.
List any and all companies in which the officers & directors of the issuer are officers, directors, and principal shareholders. In addition, advise which of these companies are quoted or attempting to be quoted on either the OTCBB or Pink Sheets.
Please provide a statement indicating whether any person or entity has control, written or otherwise, of the sale, transfer, disposition, voting or any other aspect of the shares listed on the shareholders list other than the person or entity identified as the shareholder. The statement should include any past, present or future arrangements.
Has any officer or director of the Issuer had any regulatory action against him/her by the SEC, NASD, NYSE or other securities-related regulatory agency? Has any officer or director of the Issuer been convicted of any felony charges?
Provide a specific business plan, which includes a chronological detailed explanation of each and every step taken by the issuer since inception in furtherance of its stated objective.
Provide a description of the steps the Company plans to take during the next year in furtherance of its business plan. This description should include, but not be limited to, the activity the Company plans to conduct, the names of the persons who will conduct these activities, and the expected dates of these activities.
Provide a description of any future financing plans, a description of the financing, and the name of any broker-dealers or other person(s) that the Issuer has contacted or intends to contact regarding its financing plans.
In the event the company has undergone one or more mergers, provide a schematic diagram that depicts how the Issuer came to its current state. The diagram should include, but is not limited to, dates of mergers, name changes and any transaction involving the issuance of shares. In addition, provide the staff with a copy of any document prepared with respect to any mergers or share issuances.
Any agreements or letters of intent entered into by the Company or any of its subsidiaries relating to any acquisition or merger or sale and purchase of substantial assets.
Schedule of all material patents, trademarks, trade names, service marks, and copyrights owned or used by the Company or any of its subsidiaries and all registrations thereof, pending applications therefore, licenses in respect thereof, and legal opinions relating thereto.
In the event of a recent change of control, provide details related to how, when and from whom the control persons of the issuer gained control of the issuer. Please indicate all parties involved, how they were introduced, the nature of their involvement, and any consideration paid.
Is the Issuer working with any consultants or public relations firms? If yes, provide compensation exchanged (to date and future), dates of service, services provided, and any services that are expected to be provided by the in the future.
Provide any consulting and /or secrecy agreements.
Copies of all correspondence, reports and notices relating to any tax disputes or assessments with the Internal Revenue Service, or any state taxing authorities, relating to the Company or any of its subsidiaries since the last three (3) years.
Provide the name and phone number for the Issuers attorney and accountant. Are they in good standing? Are you aware of any sanctions issued against them by their association or governing board, if so, please provide details.
Employee contracts (including any termination or other agreements pursuant to which any officers or directors may be paid as a result of a change of control).
PINK SHEET LISTINGS: In order to make securities eligible at DTC, they require an opinion from company counsel to be addressed and delivered to DTC's Underwriting Department. DTC will require original signatures on the legal opinion in accordance with DTC's current signature policy. Please contact us for specific requirements
Each officer, director and shareholder owning 10% or more of the issued and outstanding shares must provide a credit check from Equifax. Please contact them at http://www.equifax.com/ or call US +1 8006851111 Call and request this information and then provide the report issued by them to us.
Each Issuer, officer, director and shareholder owning 10% or more of the issued and outstanding shares must provide a security violations check from ChoicePoint, Inc. You will be billed $20.00 per name. Please provide the report issued by them to us.
Sorry! So you are actually saying MIKP be put to greys is because the SEC is corrupt I got it. That still never crossed my mind really. I think MIKP got put down because the CEO is corrupt.
To answer your question 2 billion AS says an awful lot. So when I added the AS and OS together it really made no difference. The AS is there to DILUTE. Since the other company you mentioned had a tiny AS they were not looking to get rich off of shares or devalue the company shares by diluting them. As a matter of fact the other company you mentioned is seeking a tier change to a higher platform requiring them to have a higher per share price to trade on that tier so it would not be in there interest to dilute because there goal would not be achievable. I am not sure what is so hard to understand the difference between to two?
Also if you look at my messages I already addressed the sale of servenation to ADCS and I already pointed out ADCS was controlled by Mark at that time too so you stated nothing new if you go back and look I brought that point up.
However there was a second sale of servenation outside of the first sale to ADCS. But some how supposedly MIKP still owns servenation. So you are saying serenation was sold twice? Once to ADCS and once to a private investor and now some how MIKP owns it back? We were never PRed on a default of the second sale. As a matter of fact we were led to believe the the second purchaser of servenation also financed us for nearly 4 million $. So what happened?
Thinking about it a pinksheet stock is not much different then having a really nice website. That may be the future we will dub them "Couch CEOS" the next generation of CEO. We could do a a whole news article on it. How the future is running a public traded company from home. Very low stress, no clothing restrictions, chill out, have a few drinks, smoke a few, put out a few PRs here and there. You know some real moving and shaking goin on!
Do you know why Mark has not submitted financials? Because he thinks FINRA is going to approve him first then he will file. Because he knows FINRA is not going to approve him so he won't spend the cash on the financials. Why won't he spend the money on PRs and financials? Because MIKP has no revenue or product to generate money. So when Mark can't sell shares then MIKP has no money right? Maybe he should line up financing for financials before he lines up financing for a movie!
His rant starts with "At least I hope that’s the case". Then goes on to say "My hopes are". Then he says " If that’s the case". Then he says " I can’t promise or proclaim anything". Then he says "if another scenario goes our way". Those are all major words of confidence! Gives me major confidence to read that!
http://blog.mtpprods.com/
I did not read the confident part from Mark can you post that. Yes PRs do cost money and so do audited financials the form 15c211 can not be submitted without financials. Even the other ticker you mentioned coming off greys submitted financials. There are actually 4 companies suspended at the same time as MIKP that never stopped submitting financials and never stopped putting out PRs. So were are the financials at. MIKP can not be reinstated without them. I have not seen any OTC financial fillings have you? So how is this 15c211 going to be approved without the paper work being complete?
Beyond funny. I am actually even surprised that would have been posted. But I am assuming he meant to be amusing.
Grey sheets are no excuse to have a supposed major movie in post production for 2 years. That is a joke. Especially when Mark PRed many times massive financing. Soon it will be in post production for 3 years. I guess the movie could be used as long lost footage if any of the actors in White Space ever get famous.
Just as I stated MIKP has over 4 billion shares AS and OS. Not sure why this was posted in response. The other company you spoke of had 400 million AS and OS and the OS was under 200 million. That is a huge share structure difference. Because it does not symbolize a massive pump and dump waiting to happen.
Also again I ask how did Mark pay for St James Films then? Also how come White Space is not complete. There were so many PRs of financing, film interest and even as far as PRing hiring a marketing team to market White Space and its possible future products. Why would you jump the gun so much on a non complete movie. If Marks financing dried up how come we were never informed? Just because this is a non voting company does not mean that shareholders should have no clue what is really happening? I mean do you actually have a clue what might come next from MIKP? Seems every week it is something new. I can easily see how Mark pulled lots of wool over lots of peoples eyes and those people praise him as a guru. What has he accomplished? Company is still in massive debt. There is no foreseen revenue stream from anywhere. When Mark was on his PR blitz he kept saying they made there money back from the St james Films. Where is this money?
I wish you to prove me wrong because when you do you will prove Mark is a pump and dump scammer. I have no clue what is to be achieved here by an MIKP supporter?
Yes that is pretty funny! Nice try at least someone stepped up to try and defend it!
Sorry blogs are not official PRs with forward looking statements. My 13 year old has a wordpress blog not sure what your point is there.
Old facts? Is this not a stock being investigated by FINRA for what you call "old facts"? I am not sure what you are talking about. Even if you could put my address down here what is that going to achieve? I guess you could show everyone my lovely home on google satellite! last post have a lovely day everyone. Now I will get 100 replys asking this and that and I will have to reply to them tomorrow. Sometimes I feel like one of Tom Sawyers friends painting the white fence. All that reverse psychology.
Before March of 2012 it would have been nearly impossible for most companies to remove there DTCC chill. The SEC stepped in pretty much ordering DTCC to offer a dispute department and in March of 2012 DTCC made available a dispute department. So after March of 2012 there were many companies that had the DTCC chill removed MIKP did not have theres removed till august so there were about 5 months of many companies chill lifted. Prior to March of 2012 if MIKP got a chill lifted then it would have been amazing but after that date it is just no big deal. I have 4 post left today who wants to reason on the MIKP suspension!
I have followed your investments. You are aware that all your messages are recorded by Ihub for members to go back an read right? You have made over $115,000 a year investing in stocks? I am for now on just going to follow you around!
So you are suggesting that suspension of MIKP was part of some huge corrupt conspiracy involving JP Morgan. Interesting concept I had not considered that one!
Also forgot that the CEO of MIKP is outsourcing charity money on kickstarter to complete a project that you stated many times is MIKPs. I guess when you can't sell shares then charity fund raising is were its at. I hope Mark does not commit fraud and pocket any of that spokefish money. But I guess he could just claim himself as the cash investor for the project. So we could even see a loss from the creation of that back. Kind of curious to see what they did with that kickstarter money and there new project. Since so many of you speak with Mark on the phone so often how come no real questions are ever asked? Or when on the phone does Mark do all the talking? In the PR below I saw no mention of getting funding via charitable donation.
GRAPHIC NOVELS- Mike The Pike Productions is partnered with Spoke Lane Entertainment (www.harbor-moon.com) to publish three books this year including mind-bending thriller 'R.E.M'., fantasy 'Bulderlyns' and twisted murder mystery, 'Chasing Rabbits'. Spoke Lane's Ryan Colucci is overseeing the projects and updates on the books can be found frequently on Colucci's website http://ryancolucci.wordpress.com/ or the MTP blog. The books are aimed at both profitability and source material for feature film development and/or film rights sales.
30 PRs, no product, no revenues, 4 billion shares AS and OS and a boat load of debt. I guess we can add SEC suspended and grey sheet status also to that list. That sums up MIKP! Sounds like a awesome investment opportunity to me!
With 30 PRs in 2011 there is an awful lot to go over about what might be fact and false. Truthfully I guess only Mark knows what of those PRs is real. Looking back It is truly incredible he was not SEC suspended sooner
Motive? Posting factual evidence about a company and its SEC suspension requires motive? I would have already left this board if people stopped responding to me. Or do you just expect to respond to me and me not respond back? I am not sure what you mean. You will see just about every message I have put down is in response to a question I received and as of yet I am sorry to say the supporters here have yet to build a sound case of why this would be brought to pink. As a matter of fact it seems most supporting MIKP are not even aware of the actual facts and they are saying for sure this will return to pink. MIKP would make history if FINRA were to approve them. If FINRA would approve them I would agree w somes conspiracy theory that FINRA is inadequate. If MIKP does not get the 211 approved then in my opinion FINRA did a good job.
So was servenation sold or not? Do you know?
You will also notice the very next PR after servenation sale was the acquisition of St. James Films. Mark himself said he used servenation money to buy St. James Films. So if we still own it that would be another lie PR. You will notice St james was acquired about 2 weeks after servenation sale.
http://ih.advfn.com/p.php?pid=nmona&article=50510987
Mike The Pike Productions, Inc. Finalizes Terms to Acquire Profitable Film Production Company with Active Worldwide Revenue S...
Mike The Pike Productions, Inc. (GM CE) (USOTC:MIKP)
Mike the Pike Productions, Inc. (Pink Sheets: MIKP) has signed off on final terms to acquire a film company and its library of feature films as a wholly owned subsidiary. The seller produces low-budget genre films for the global marketplace that have proven particularly attractive to buyers in international markets.
The company’s founders have extensive experience in production, sales, distribution and investment banking; creating content with longstanding relationships to buyers worldwide and with presence at major film markets around the world, including the AFM, Berlinale and Cannes.
MIKP CEO, Mark B. Newbauer states, “The acquisition is a no-brainer in terms of an asset acquisition with active accounts receivables. All of the films produced thus far by the seller have included pre-sales to foreign territories in excess of their original budgets, giving Mike the Pike Productions a proven business model for consistent cash-money revenues.”
Mike The Pike expects to sign the final Sale and Purchase Agreement in the coming days at which point the company and its executives, properties, etc. will be announced.
Meanwhile, MTP works to complete post-production for its effects-driven sci-fi thriller White Space and packaging its werewolf mystery/thriller, George R.R. Martin’s The Skin Trade.
As well, MIKP has secured www.dtcchill.com to work on its behalf to restore DTC eligibility, expanding its availability to prospective shareholders. E-Trade, among several others, is currently accepting purchase of MIKP.
Want more than press? Check out the MIKP BLOG
LIKE MIKE THE PIKE: MIKP on Facebook
Enter White Space
'Like' and 'Share' if you Dare: GEORGE R.R. MARTIN'S THE SKIN TRADE on Facebook …based on the novella by the New York Times Bestselling author behind HBO’s Game of Thr