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I am not sure what they would even say. This “illegal trading” nonsense is just that.
I noticed he stopped talking about naked shorting. LOL.
If they have evidence of “illegal trading”…then it should go straight to FINRA.
He is going to have to make up something in a nice sounding word salad.
Flippers are loving this…that’s for sure.
Great opportunity to either book some profits or preserve some capital.
As we have repeatedly seen…it never lasts.
That ship sailed yesterday.
If this is buyback…then he has until 3:30.
If he uses the buyback in the last 30 minutes he is asking for trouble.
Unfortunately no. The minimum 10 days will be missed by one day. It needed to close above $1 yesterday to meet the 10 days…and Nasdaq could and likely would extend that to 20 days.
I suspect this letter and the buyback are being used to goose the price right now. They will not be able to “buyback” in the last 30 minutes of trading however.
He completely ignored the real culprit.
Dilution.
Not a peep about it…but he is still deflecting on the “trading” nonsense.
Probably his biggest fear about being back on the OTC is that the share structure will be visible constantly on OTC Markets and updated at each change.
Right now he can kind of hide it…for a time.
Nothing will change with this stock until he fully acknowledges the real reason the stock is where it is at and takes responsibility for it.
Otherwise how can shareholders trust anything he says?
Never saw that post. But that Reddit link is eye opening…and not in a good way.
I got that RS picture a different way so it looks like it is making the rounds.
For the original SPA/Note?
yeah he should probably have filed for it.
But then Mark has always struggled with SEC filings.
The ability of this stock to just keep going down is impressive.
I would assume they are going to waive the event of default..given it only happened 3 weeks out from the signing and has been corrected.
But I am surprised they used the term “immediately” instead of giving some small amount of time to cure the default.
Did someone else post that picture to iHub? I must have missed it.
Freudian slip…
“I don't even read your posts“
…and yet they still seem to bother you. LMAO.
Have you not read my signature? lol.
The effective conversion price for the $50,000 is $0.000294 per share when the interest and 20,000,000 share “enticement” is included.
Mark will eat up about half the $50K in the next year on professional services/filing costs.
What are you babbling about…?
There’s always a “reason”….the vendor MIA thing is a new one though.
“OTC has acknowledged receipt on their site under "Filings and Disclosure" “
Nothing gets sent to OTC. The filing is done solely to Edgar. That is where it is sent by the company.
OTC grabs it from Edgar. And if they didn’t for any reason it would not matter one bit.
Edgar is the only filing database that matters for SEC registrants.
Now you’re just talkin’ silliness….
If Michery appeals to the Hearing Panel it will stay on Nasdaq until they make a decision, might be days or weeks. But once that happens they will be delisted the next day.
Actually the short is the financiers…and they are making bank all the way down.
Filing a 10Q late is a good move? LOL.
The delinquency technically already put them into default on the note.
The bar is pretty low for Mark isn’t it…
Still doing it frequently but still intermittent.
Sometimes a page will only partly load. Sometimes it will load but then be frozen.
Isn’t happening on my windows laptop.
It will be interesting to see if they can get a lawyer to write an opinion letter that says MIKP is not a “shell company”.
Not sure how they can say that when the Form 10 itself said the company was dormant for a number of years.
I think clearing any issued stock in six months could be a challenge for Neville.
He technically is already in default because the stock became a delinquent filer yesterday.
Browser
Safari.
Is anyone else having trouble with loading iHub on an iPhone? Am not having trouble with any other websites. The screen will freeze, or not completely load. And sometimes when I access the Menu it is a greyed over screen that is not clickable.
Have tried hard reset, clearing the cache, and logging out and back in.
Nothing seems to work. And it’s not consistent. Sometimes it works.
So this wasn’t just Michery diluting the stock into the ground?
LOL.
Oh I understand the penny mind’s “rationale” for it.
It’s just…well…stupid.
“Are they diluting to raise the money for the buy backs... ???“
Please tell me you were only attempting to be funny….
Wanting a stock you own to go down is not rational…at least in the normal world.
In the mind of a penny stock “investor”…I guess that is considered “normal”.
LMAO.
There’s always a bit of Stockholm Syndrome mixed in with the Kubler-Ross 5 Stages of Grief…when a penny stock isn’t doing well.
LMAO, over time in my debate with someone, inevitably it ends up with something to the effect “keep bashing Tenkay, I want cheapies! Thanks!”
Like somehow that is going to affect my posting. 😂
You just got there sooner than most. 😉
But…anyone who owns a stock and wishes it would go lower so they can buy more…
…should be prevented from managing money by their family.
Too funny.
“keep going, tenkay!
you're working for me, now,
until my boat is full.
more power to you!“
I always LOL…when a discussion gets to this point.
Penny stock psychology would make a great PhD thesis.
“and the key bit you keep missing with _wish_
is that it is a beloved IP.”
Two words…
Skin Trade
LMFAO
Name a single piece of IP that MIKP owned that got turned into an actual production…
There is none.
Mark/MIKP/Arowana appears to have invested in someone else’s project…that still hasn’t turned a profit after 5 years.
But that’s basically it.
Maybe he needs a new “vendor”? LMAO.
Mark has no money and can’t get money.
Surely this is obvious by now.
This is, very simply, MIKP history repeating itself.
“However, it is very sad news for shareholders. You would think a CEO would really be on top of things and thankful after such a long journey back.“
I have often suspected that this trip back to “pink current” was nothing more than a play funded by a few long time shareholders looking for an exit. Indeed there is evidence that is exactly how this happened.
And when they were out this was going to go back to dark/expert market.
Whether that is what is happening now…or it is simply Mark being lazy, who knows.
MIKP did not own the White Space IP. Mark invested in a production by others.
Mark tried to raise money through Arowana and got nothing other than the $10K he put in it.
MIKP has never done anything with IT’S IP.
And it never will.
Expert Market.