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The audit has apparently taken about 10 years longer than expected, no?
Is there some point at which we should all just confront Eric on his BS? Or do you think it is for the best to just continue as if the decade of missed deadlines was all just some random sequence of events that all, just by chance, happened to work against HHSE?
Can't quite bring myself to jump in here. Lots of hand-wringing by pundits, and yet the S&P 500 is still over 6,000. I think we'll drop below 4,000, but the question is when. Might not be until 2026 that the wheels start to fall off, and I don't want to hold this that long. Maybe I should start trading this. Chance of small gains as well as chances of being in this if and when the market collapses.
You stated: "it looks like it's facing revocation proceedings"
What exactly are you looking at that would be proof of such proceedings? I think you are greatly overstating things.
But I 100% agree with you that trying to uplist without having a real company to uplist with is foolish. Bad for the company, which hasn't been able to issue any shares, and bad for shareholders, who lost current info status and who are staring at a price of 0.0001 on a stock most of us can't even sell.
The simple path would be to
1) get to OTC current info and probably even back to compliance with SEC (pay the auditor).
2) rescind the RS and merger
3) wait for shares to get up to 1c or 0.5c and then try to issue some restricted shares on discount.
4) use the small amount of capital raised to move one of the projects forward, while considering selling one of the other projects to raise even more $$
5) create a partly-owned subsidiary to focus on Wish and to bring in outside investors in that project
6) wait for the PPS to go up
7) then do RS and merger to get to OTCQB
IMHO the RS, with its associated massive increase in the AS, was a really bad idea. Mark's head got turned by a bunch of folks who haven't actually been willing to support him. I don't know if that was you? Whoever convinced him to uplist failed to consider that Mark can keep issuing shares and reversing, but until he has people wanting to buy his shares, he won't maintain the OTCQB minimum bid price. Case in point: 50:1 applied to $0.0001 falls short -- and I suspect we fall below $0.0050 if Mark proceeds with his plan.
Really sad to see what has happened here. But good to see Mark tweeting so optimistically.
How's that writ coming? You know, the one that was going to result in some guy taking everything down to the last coffee-maker from HHSE...
There have been so many BS claims over the years from the entertainment-only watchers.
The fact is that the chart is looking good. Also, EP has never done a reverse split, and he has carefully managed share increases. Has he been hitting the ball out of the park? No, obviously not. But the guy keeps swinging, and if he ever connects I believe that 1c shares will pay off very, very handsomely.
For folks who are new to this board, there are a TON of posts about "CEO dress up", by which the bashers are referring to the CEO's minor acting gigs. Why people feel the need to post about that -- sometimes multiple times a day -- is something we'll never know. The board reads a lot better if you block everyone who feels compelled to post this over and over again.
Oh, and most of the shares here are held by a small number of investors. You'll want to act quickly if you are hoping to amass a solid position at these prices.
Let's get this over $0.02! All we need is one of these movies to come through, and the rest of the plans fall into place. We are likely past any tax-loss selling. And the chart is showing a golden cross. Let's keep the uptrend going!
Golden Cross! HHSE's 50-day moving average just crossed its 200-day moving average (yesterday). This is a classic bullish technical indicator.
So, do you think I should sell?
(Note: I can't, because I live in the US.)
Seriously, what do you want me to do? I don't understand what you are suggesting.
The chart shows that this has been building for quite some time. I think this new movie looks promising. And I think more generally that EP has been keeping up with his filings, not getting into new lawsuits, no more writs, and many irons in the fire. I am hugely critical of the guy. But no reason the stock can't keep moving up. The 10-year holders aren't going to sell.
What a bizarre obsession you have. You might want to keep that sort of thing a bit more private? No?
Meanwhile, stock is showing some signs of life...
I have urged him to stop tweeting anything with the word "soon" or with unrealistic or vague timelines, like "coming weeks". Especially if nobody is buying or selling, the only effect of such tweets is to alienate shareholders and undermine their trust in MIKP. Maybe teaser tweets play a role for a stock that is OTC current, but not now for MIKP.
This seems quite interesting and potentially promising.
Then again, I'm still waiting for the August 2020 launch of MyFlix. So, what do I know?
Agreed.
The good news is I think Mark is now getting it that he took several wrong steps.
It has been a long slog, but maybe things will turn around in 2025.
And for those who are going to pile on to scoff at my optimism, here's the thing. I took a flyer, buying some shares in an OTC pinksheet. It hasn't worked out, and now it has been many years since I have been able to sell them (I got messed up with the TDA/Schwab transition, or I probably would have sold some when we got back to current info). So, no need to ridicule me for holding for such a long time. The simple fact is that I couldn't sell.
I understand that some people won't be able to grasp why I would keep holding simply because I can't sell. Seems simple to me, but others struggle with that concept. So, I know that I'm setting myself up for ridicule for posting this. But I see very clearly what has gone wrong here, and I think there is maybe a 50-50 chance or even better that it will be fixed in 2025. Should you buy a bunch of shares based on me saying this? Heck no. I'm just telling long-term holders that there are, to me, reasons for optimism. And part of my reason for optimism is that I believe Mark is embracing the fact that mistakes were made.
Whoever sold shares a few months ago at 0.0025 must be kicking themselves now. I wonder if someone knows something. We could use a bit more volume, but chart is looking good.
HHSE looking very good from a technicals perspective. Today it broke through a major resistance point (around 0.007). Looking great!
It seems to have gotten you excited. And it prompted a flurry of those idiotic posts from your followers about the CEO playing dress-up.
As for me, I think it is good that this pinksheet is communicating with shareholders, but I doubt this book will affect HHSE's bottom line.
It is so strange to pop in here from time to time and see people posting nearly the same thing every day. I don't think I've ever seen anything like this. I would suspect that some of these folks are bots, but I have interacted with some of them and even seen some switch from long to short. This is just some bizarre habit they have formed.
I think what is likely is that Mark underestimated the $$ required to provide all the legal details and to hire the sort of people who can successfully navigate FINRA. So, he is moving slowly. I haven't given up -- though I have given up worrying about whether this ever happens or not. The IP is incredible.
Imagine if MIKP was sitting at 0.005, no R/S, and with long-time shareholders selling shares and buying restricted shares from MIKP at a discount? Mark could be funding these projects and turning MIKP into a real company!
Instead, he got persuaded to go for some quick fix that was pitched by some blowhard who couldn't deliver what he'd promised.
The R/S was a really bad idea. As was the whole FINRA effort. MIKP is sitting on the expert market now. So frustrating that Mark took such bad advice! I tried to warn him, but he didn't listen. What's the plan now to fix this mess?
Welcome to MIKP. Are you here to try to prove that there's at least one CEO who is worse than Parkinson? LOL, maybe you win on that one.
Why would you spend your life this way?
You should read the post again. The words you are interpreting as statements of fact are actually that guy asking you questions.
I happen to believe that Mark did indeed submit the changes to FINRA. Why there is no answer yet, I don't know. I keep emailing Mark that I really think he should get MIKP current with its filings. I would imagine that being delinquent on SEC filings cannot be helping MIKP's case with FINRA -- though I don't know for certain that this is true.
Any writ sightings, Beverly? Could it be that me ribbing you about that might explain some of your rancor?
I traded this stock for years, but then, yes, I got caught holding shares too long and became a stuckholder. That's my reason for being here. What's yours?
As for all your tough-gal sex talk, that sounds to me like projection. Perhaps that's the real reason you're here?
Wadi
Have any of your predictions about HHSE ever come true? How can you be so smug when you've always been wrong -- especially regarding the back-channel stuff about how EP is saying this or that? I don't get it. Wave to a clue -- your predictions never turn out to be correct.
Why does this matter? Well, you are among a group of people who could perhaps talk some sense into EP, but y'all never confront him. You just believe everything the guy says and praise him for his amazing stories of what will happen soooooon. What is the point? If EP were to lose his circle of supporters and be forced to be honest about things, maybe he and his supporters would be able to figure out a way forward.
Based on your ad hominem, you've got nothing good to say about HHSE. So, EP hasn't even managed to float a half-way decent summer rumor? Oh well. Maybe next year?
So, what's this summer's rumor? Form 10 filing in August? I've chosen to stop receiving the boiler room emails, so I'm no longer hearing all of that nonsense. Glad not to have the constantly-shifting goalposts, and yet when I'd tell the emailers that it was all BS, that back and forth gave me something to argue about other than politics. Plus, now I only see posts from the HHSE is in a coffee shop and HHSE has a writ crowd. Any juicy rumors? Perhaps more A-listers?
Any thoughts on why that buyer filed a 13G/A for his tiny (0.2%) position in POLA? Why would someone do that?
I used to think the CEO of POLA would sell/merge the company. It never got up to scale -- even though it has a technological edge as far as I can tell. So, I figured a larger company would buy them up -- a company in the military or EV sector. As the CEO gets older, I guess that will eventually make sense, but I'm glad I only have a small position.
Considering buying some more, but what a downward slide...
I was just trying to cut through to what you were making up and what the facts are.
Am I happy we are back to double black diamonds? No. Should this have been done already? Yes.
But I'm not going to fault Mark for failing to file an 8-k over DiPrima leaving if I don't have any idea that DiPrima has left. And same with Barton. Why jump to the conclusion as some have that Barton left? People are citing the tweet as evidence, but they maybe didn't even read the tweet, because it suggests that Barton is still the auditor.
But folks can make up whatever they want to make up -- and I see that Mark sort of enables folks to make stuff up because of the information vacuum.
You would be incorrect in imagining DiPrima sitting in MIKP offices, staring off into space. My guess is he has had very little involvement with MIKP, that involvement was likely remote, and he is dialing even that down now. Yes, at some point here there should be an 8-k, when he officially leaves.
My guess is that DiPrima is on his way out. I don't think an 8-k is needed until he has officially left.
If he was doing the books, but now isn't, I for one would prefer Mark not take that on himself. So, you can scoff at bringing someone in to help on that, but I'm glad Mark is doing so.
To summarize, the tweet refers to 2 different people -- the CPA doing MIKP's books and the CPA who is MIKP's auditor (Barton). Probably this bookkeeping work is being farmed out to someone who is at most a part-time employee or perhaps a contractor or so. If DiPrima was doing this and now someone else is, no 8-k is needed over who is handling the books. But I agree that if and when DiPrima leaves MIKP's management team, then an 8-k is needed.
As for why Mark is late, I think it is safe to say that Mark's strength is coming up with amazing IP -- not with filing forms and navigating bureaucracy. I do think he is getting better at it, but the whole FINRA/reorg/split/SEC bureaucratic challenge is a lot. If I could be buying 0.0002s, I would.
We don't know if DiPrima has officially left, do we? You are making that assumption and then inflating it into an SEC violation. I don't know why you do this stuff, but it is not based on facts.
What if DiPrima was doing the books and now someone else is doing the books -- would that require an 8-k?
I'm sure you know the answer...
Again, the relevant part of the tweet:
"We have secured CPA who is now working with auditor..."
Are you confused about this sentence referring to two different people?
And/or are you surprised that Barton (the "auditor" in the quotation) is a CPA?
My guess is that you are correct that DiPrima was doing the books. And, yes, they probably are not super complicated -- indeed probably downright simple.
Now they have someone else performing that function -- and it seem likely DiPrima is either stepping down from his role as bookkeeper or leaving entirely.
You immediately assumed they had lost Barton and failed to post an 8-k about it. But I think you were wrong.
LOL.
It seems bizarre to me that folks are looking at the tweet and failing to understand that MIKP has someone doing the books AS WELL AS an auditor (who is a CPA). The person they had doing the books (DiPrima?) left or is in the process of leaving, so they got someone else to do the books and to interface with the auditor. The tweet doesn't list names, but the meaning seems quite clear.
If DiPrima has left or is leaving, then I suspect we will see an 8-k when that is official. But if it is just someone working for MIKP who was preparing the books for the auditor, then I don't think that needs an 8-k.
Hopefully people are just misreading the tweet and not deliberately misconstruing it to try to hurt the company.
There is nothing in the statement you quoted that says Barton left or that MIKP needs to issue an 8-K about Barton leaving.
Is it just me? Or are folks making stuff up here?
Are you saying you know that Barton left? The tweet clearly says that the new CPA is working with the auditor. I don't get how you know from this that they are the same people. If you were CPA and auditor at a company would you say Tenkay the CPA is working with Tenkay the auditor?
I think they are different people. The CPA left and has been replaced with a new CPA, who is now working with Barton the auditor.
You gotta admit that my explanation is less of a leap than yours...
Thanks. I'm asking Tenkay why he is assuming something different from what was tweeted. The tweet clearly states that the new CPA is working with the auditor. Does hiring a new CPA require an 8-K?
I'm confused. What evidence do you have that Barton is their CPA, rather than their auditor? He was their auditor back when they file 10-12g.
That sure is some breaking news you got there...
...not!
SSOF has yet another fake business? Another suspect merger?
Wow.
Is Ken Bland still in the background, controlling the preferreds? Or some new guy?
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