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Whatever way one interprets the tweet, Mark needs to file an 8K.
Either he was referring to Barton leaving (in a messed up way) OR he was referring to Diprima leaving.
BOTH require an 8K.
There is none.
If Mark is referring to Diprima as his CPA…and he left, that also REQUIRES an 8K within four days of his departure.
He hasn’t filed an 8K for anything.
Mark doesn’t have separate CPA and auditor. They are the same entity. That entity was Barton.
MIKP’s “books” are about as complicated as a 10 year old’s lemonade stand.
DiPrima probably keeps them on an excel spreadsheet.
Mark’s tweet just demonstrates he is making shit up as an excuse for no filing.
People who don’t understand how this works naturally fall for it.
They are going to run out of space to store all the unsold vehicles.
The CPA they had WAS the auditor.
Look at Barton’s letter in the From 10 and count how many times “CPA” shows up in it.
Y’all need to pay closer attention.
In the case of MIKP it is the same thing. Barton was their CPA/auditor.
You are making a distinction without a difference.
I am not surprised.
Even if the only thing that has happened is Barton is no longer their CPA (either by them leaving or Mark firing them)….how hard is it to file an 8K about that? They don’t need to wait until they have found a new one.
In fact it may help him in the future provide some formal/filed explanation of the delay.
More likely though is that no change has actually occurred and Mark simply has not funded them to do the 10K…and he will simply drag the excuses out.
This certainly isn’t going to help with FINRA.
I guess we will see at some point.
“I think Mark knows what he is doing“
The last dozen+ years suggests otherwise.
They still need to file an 8K for change of accountant. It’s one of the REQUIRED 8K’s. The likely reason he hasn’t disclosed it is there is no new accountant.
“That would mean an April 2023 shareholder was diluted by 80% in one year. “
Actually they were diluted over 2000% since April 2023.
He is suppose to file an 8K if there is a change in accountant/auditor….
Where is it?
Only morons have “invested” in this stock.
Mark is a loser.
LOLOLOL!
Another Mark screw up, as usual.
Michery is not going to prison, Lets get real. He has made the required disclosures and has been able to skirt this line. eg. He was pretty much silent during the Hardge debacle...and the SEC filings contain the necessary risk disclosures,
Is he a scammer? 100%!!!!
But he can't be sent to jail because his IGNORANT believers IGNORE the risk factors well laid out in the SEC filings and still buy his stock.
smh
All time low close.
Ignorance of the regs and rules…
It happens a lot in trip zero land
You obviously have not read my sig… 😉
Besides that, it not that often you get a ring side seat to someone that has continually screwed stuff up for over a decade.
The ignorance here is astounding.
No the company is encouraging people to buy their stock in the absence of an offering. And to top it off they are doing so on some highly speculative notion of a film hitting a “big screen”.
Learn the regs.
Mark continues to demonstrate he hasn’t.
It’s not absurd for those that understand securities regs.
That looks a lot like a solicitation. There are rules around that…which, of course, Mark seems to have completely ignored.
This isn’t some third party saying “you should invest in MIKP”…it is the company based on a highly speculative assertion.
This type of nonsense is what got him suspended a decade ago.
Looks like the cash crunch is starting to take effect. They appear to need to slash their spending significantly.
This is usually the beginning of the end especially for a business that is still at the point of needing significant capital to get the business to some level of function.
Companies that go bankrupt usually pass through this “streamline” gate on their way to Chap. 11/7.
Which is now even more unlikely to happen.
I wonder if Michery is cutting his salary?
Mark had better be careful. That looks like a solicitation.
That is a no no.
But then he always knows how to take a wrong step at the wrong time.
August 5
…new all time low.
I always chuckle at charts/TA analysis on a stock that is being diluted to shit.
Even if there was something to it, it can only be based on an unchanging OS/float.
With what money? LOL.
Same bullshit we have been hearing from Mark for the last dozen years.
Yup…Rory decided that the equity financing post 12/31 alleviates that “concern” when his auditors have expressed no opinion beyond 12/31.
And the auditors, if they were to express an opinion post 12/31, would look at more than the cash in the bank.
Rory still has a business with little revenue, substantial costs, an operating deficit and sole reliance on equity sales to fund operations.
That, by definition, warrants the “concern”.
He is going to have to do it BEFORE the stock goes below $1…because once it does and if it stays below $1 for 30 days they will go straight to delisting…there will be NO 180 day grace period.
And 30 days will not be enough to get a split done.
He is going to have to start the process, in my opinion before it goes below $2 because the stock price will drop once he has to announce it.
WTF is Rory talking about? It does have a going concern warning. Read the auditors letter dated April 1, 2024.
“These matters raise substantial doubt about the Company’s ability to continue as a going concern”
They go right back to the beginning…and that might be the problem given how long this was dormant.
I will tell you one thing with certainty. Mark knows exactly what the holdup is with FINRA.
And he is silent.
…that should tell you something.
One possible, and perhaps likely, explanation of FINRA’s reluctance to process the corporate actions is that Mark has been unable to provide the necessary backup justifying every share issuance that has occurred. And FINRA is going to want that to ensure they were all legal.
More than a few shells have been tripped up in getting a corporate action approved because they simply couldn’t provide that documentation.
And given the history of this stock and its dormancies Mark probably can’t pull it together and he certainly can’t just recreate it.
It’s been that way for well over a decade. This is only the latest iteration.
But people keep falling for it.
It’s Lucy and the football.
He filed an NT-10K. That gives him 15 more days.
It’s Mark Newbauer. Nothing has changed with him for more than a decade. Why anyone would have thought he would just change his spots is beyond me.
Oh well
Hope springs eternal doesn’t it…LMAO.
If history is any indicator this will be on its way back down Monday.
This happens pretty regularly after a sustained drop. Funny part is folks are all excited it is in the 5’s. LMAO. I remember when 6’s were dreaded.
The dilution will start back up soon enough.
Good flip for some that are purely trading the stock.
Buy Verb for $10? That sounds about right
No dilution today and this couldn’t move. That doesn’t bode well….