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There's not a successful CEO that I know who has the time to sit and chat about a pink sheet stock on a message board all day.
FWIW - For what it's worth
We do know the process doesn't usually end well for the company and its shareholders
That's true. Hopefully his first PR is that on March 1 MIKP will resume trading on the Pinks and that Post production has begun on Skin Trade with Angelina Jolie playing the lead role.
At least from here on out if Mark puts out a press release we know its legit and not fluff.
I agree I think MIKP has potential to be a true penny stock who knows we could have very well been close to that had we not been suspended. I still do not believe a RM is in the cards if we are not reinstated only because like some have stated why would FINRA say no to being reinstated and yes to a RM it's the same thing in a sense. So we would have to be purchased
Doesn't look like rocket science. I do agree with you on how will the shareholders "really" know if Mark hasn't already be declined from FINRA. I do believe if FINRA say no no such Plan B really exist as far as reverse merging into anther shell. If that was possible the hundreds or thousands of other suspended companies that are now revoked would have done the same thing. That's just a pipe dream. The only other alternative is for a company to buy us outright which is fine with me if we're going to be made whole. I doubt that will happen so our only real chance is that if Mark and the MM can get us reinstated. If we don't were screwed without a doubt.
Exactly. We're not talking Enron here. There's a few employees. If there gonna say no just say it its not that hard. I'm sure we're not the only company that have tried to get back to the pinks and from what I've researched it's been a no each time. I don't know why we have a process for suspended companies if 100% of the time it's declined. Seems to me like its a waste of time on both ends. I'm sure FINRA has a stack of companies like MIKP and when a sufficient enough time has passed that makes it appear as if they've looked at the paperwork they stamp a declined on the form which what it's going to be from the beginning. I looked back 3 years and almost every company that's been suspended is now revoked. Im praying for a miracle.
Could very well be, but that doesn't constitute fraud or that can be proven to be fraud. He may very well be one of the biggest crooks this side of the pink sheets but if it can't be proven it has to be chalked up to just a bad investment. Hopefully not. I really believe in MIKP more so because of Skin Trade and its potential. Mark I don't know. I don't know him personally so I can't judge his character but what cN be judge is his action and so far he has a D+. If he can make us whole again somehow then he'll get a C. If he gets us back to pink with out RS us back into oblivion the A+ I'm my book.
If the limitations a year. 6 months waiting on FINRA another 6 months to see if we can reverse merge into another company and a year is already gone. It will cost us nothing to get a lawyer to see if we have a legitimate claim. I really hope Mark did not intentionally commit fraud against shareholders. I really do not think he did, but I'd rather be safe than sorry. If no scam was committed then it's really like any other investment you win some you loose some. Time will tell.
What's the statue of limitations to sue? If this doesn't go back to the pinks or something that adequately satisfies me or what may be interpreted as fair in the eyes of the law I have no problem acquiring a lawyer in our behalf to sue Mark, MIKP or anyone associated with this company. We're going on 6 months now since the suspension. I believe the limitation is 2 years to seek damages. I know a lawyer that will take a look at this upon request. I may just call him to get an idea on how we should proceed if its deemed necessary. Hopefully Mark did not deliberately scam shareholders. If so so be it. Lets dance.
Nope, nope, nope, and nope. Wish there was. Still sitting in the dark. Going on 6 months don't now how much longer I can take!!
Why is the pps going backwards?
Lol. I know. At least it's something. Maybe now it will become a viable company that actually has something to sell.
Wow? My little nephew could put a better website together. This site sucks!
Well hopefully your 3 years for your friend spells the same for us. That means cash in hand come the end of this year for me! GL!
I'm sure we will find out something when we get the results from FINRA. If its bad news on the FINRA side you may not hear anything.
Don't bother I'm holding the bag currently with MIKP after it was suspended by the SEC this past September. Currently Mark "says" he's trying to get reinstated back to the pinks as we are now in the GS. So Mark is MIA for now as he says his lawyers and the MM are currently trying to get us back to the pinks and encouraged him to be quite for now. GL with yours as we're not faring to well over here either.
I'm not confident at all!
I get the hype thing. Yes you trade on momentive in the pinks. To which MIKP has neither. So why add to your position now. I'm not asking for financial planning that's what I pay people to do. Either way it still makes no since that someone with 30 million shares tied up in a GS stock with the likely hood of returning to the pink virtually zilch would want to buy more who says this company is worthless. I've have never stated that this company is a cash cow with huge revenues or any for that matter. I end this convo with the words of Judge Judy when something doesn't make any sense it's probably not true. GL all!!
All talk IMO. No other explanation will fit no matter how its being painted. So I wouldn't keep my hand extended to long a bird may poop on it.
Yeah I've been tempted to too. I can pretty much break even now so Im really thinking about jumping ship while I can. May wait it out might as well I've stayed this long.
I get what your saying. If the MM said be quite for the time being it would seem shady if they assume they would be reinstated. But having a moral compass at this point gets us nowhere. If the MM says Mark I don't you saying a word until we hear back from FINRA then if I was Mark that is what I would do and I hope thats what he does. If Mark is lying about the MM telling him that then we are screwed anyway. If it takes a little underhanded I'll scratch your back if you scratch mine so be it, because I don't know about you but I want my money back anyway I can get it. So if its true do what you have to do Mark to please the MM. Sorry that's just me everyone cheats a little to get ahead lord knows I pulled some stuff on college.
I'm sure we're all aware that FINRA doesn't tell public companies that they can't release PR during this process. It would however behoove Mark to listen to the MM that's trying to help him get back reinstated to the pinks. "If" this is the case I have no problem with Mark going silent until we get a result regarding the market side. If Mark has accomplished something significant like sold WS I would hope he would share something like that, but if its minor accomplishments why rock the boat?
What price? That could be the reason.
I've tried awhile ago and could not get any. I chalked it up to being on the GS. I haven't called to see if you can if you do let us know. May have to use my other account.
I have to agree. Caution always proves prudent!
Agreed. I work!
I know I am. How else can I retire before I go blind!
LOL. More like death row. Do it already and get it over with!!
I just can't help but believe you. It's no ones fault but mine..
Ok. I "believe" you.
Yeah we DO have to believe what they say. Unless you personally work for Mark or his company you researched about MIKP more than likely from the Internet like most of us and you chose to believe what you researched which probably came from what Mark put out in a PR. Come on let's be real if you did not believe what this company stated in the past you wouldn't be sitting up here as you claim so boldly with over 30 million shares. So if you didn't take people's word for it by what you read why did you invest so much in MIKP? No ones safe from being scammed whether it be penny investors or NYSE.
Nobody a 100% knowing of anything. I along with everyone else have to believe or take the word of these companies. I'm sure if Mark paid for these shares with cash I would assume he got his money back. Many companies share the same counsel whats the big deal? Everyone Mark knows or uses is in this conspiracy then? So are you a 100% knowing that its not the case. I have a PR saying that it is where's your evidence to the contrary so we can compare notes?
Yes I read your comment. Not sure about the Dell quote didn't look at it. Doesn't change the fact that what he stated was correct which is what's important when it comes to MIKP. SBRH = nothing to do with MIKP.
Not sure how its out of place??? SBRH last PR states the simple fact that Mark retired his 150 million shares at the companies request plain and simple. So like sky stated these companies have nothing to do with each other no matter how a few on this board would like you to think.
TORRANCE, Calif., Jan 28, 2013 (BUSINESS WIRE) --Sebastian River Holdings, Inc. , releases the following statement today: The Company has recently filed its Q3 2012 report to satisfy requirements for OTC PINK Current Information Tier on OTCMarkets.
The report includes an amended statement for Q3 2012 that reflects a significant decrease in line item assets. It is important to note that this action was performed in the best interests of the company and its shareholders on advice from counsel. This will allow the company to complete due diligence on the notes, debentures, subsidiaries, consulting agreements, equity purchase agreements and other contracts reported by previous management.
The company, on behalf of its shareholders, has begun an investigation to determine the validity and recoverability of these various instruments. Management has attempted to reach the parties to each agreement with no response to date. As a result, management is considering moving forward with a collection agency to ensure each note is pursued aggressively toward the best possible outcome without taking away from day-to-day operations.
As each instrument is fully or partially recovered, which may also result in the acceptance of certain debtors revoking the control block of their public vehicles to Sebastian, it will be reported to shareholders promptly and added to the company's income statement. If an instrument is found to be invalid, unrecoverable or otherwise, it will also be reported as such.
Management is confident these actions will protect the company and its shareholders, as multiple attempts to correspond directly with prior management on the issue of recovering debts owed to the company, were refused. In addition, prior management declined to comment on the detailed circumstances surrounding each instrument.
All things considered, management maintains belief that its collection efforts may lead to an increase in revenue in furtherance of long-term growth and shareholder value. The bottom line, to shareholders, is that this company, first and foremost, is a company with a real business model, real developments and realistic goals moving toward long-term growth and near term revenues.
We have reported as such, and because previous management has not yet addressed details about company assets, it is in the best interest of all involved, to have these removed as is reflected in the current report.
It is important to note, that on an unrelated issue, the need to assess recoverability of assets arose when management discovered that a third party debt holder sold a large block of shares issued by means of a convertible note to another third party. Prior to issuing shares, The Company's former CEO requested that majority shareholder, Mark B. Newbauer, retire 150,000,000 common shares of his personal holdings in the Company to increase shareholder value without receiving any consideration.
Newbauer agreed and retired the shares to benefit the shareholders and shareholder value. A Share Purchase Agreement was executed by the third parties in which the former CEO issued shares per the conversion notice of the debt holder's convertible note and the receiving party defaulted on payment of the note for the shares. Newbauer believes he was asked to retire his shares so that a transaction could take place with the third party without affecting the Company's current share structure.
Further, the Company believes that the recipient of the shares is responsible for the recent spike in sales volume and it was reported by the note holder recently that the recipient of the shares is still in default with respect to payment. Finally, the Company is prepared to issue material updates on progress immediately, followed by additional achievements in the future.
Management is confident shareholders will be pleased with what has been accomplished on the Operations side in the last few weeks and are confident the share price will reflect this success. Each and every move since the inception of new management has been to fundamentally benefit the company and its shareholders and management is confident that this will be reflected in shareholder value moving forward. We have invested our capital into our oil lease, which means that we have a pro rata ownership in a large lease and its wells to the benefit of shareholders.
In addition, the Company has identified an individual from the Midwest that has agreed to support the company's endeavors via private investment utilizing a convertible note. Management feels this will enable expedited growth and increase in overall shareholder value. As well the Company confirms it has no plans for a reverse split for the foreseeable future.
This release includes forward-looking statements, which are based on certain assumptions and reflects management's current expectations. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Some of these factors include: general global economic conditions; general industry and market conditions, sector changes and growth rates; uncertainty as to whether our strategies and business plans will yield the expected benefits; increasing competition; availability and cost of capital; the ability to identify and develop and achieve commercial success; the level of expenditures necessary to maintain and improve the quality of services; changes in the economy; changes in laws and regulations, including codes and standards, intellectual property rights, and tax matters; or other matters not anticipated; our ability to secure and maintain strategic relationships and distribution agreements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Contact: Sebastian River Holdings, Inc. Peter Matousek, 424-258-0167
http://cts.businesswire.com/ct/CT?id=bwnews&sty=20130128005440r1&sid=cmtx4&distro=nx
SOURCE: Sebastian River Holdings, Inc.
Sebastian River Holdings, Inc. Peter Matousek, 424-258-0167
I believe it's worth a shot as well my only gripe is that if he's keeping news in anticipation of being reinstated. That's still behaving like a pinky IMO. If there's news (real news) tell the shareholders now. If its reinstated let it rise on its on merits not because your strategically releasing PR's in order to raise SP. I'm more anxious to see what's been going with the company now than FINRA. What's going on with WS? Have we finished the script for ST and are we still working with GRRM manager? Have we turned in a finished draft to GRRM and his manager? How will we show case these films at the next festival thats coming up? These are questions I would like answer to let us know the wheels are still turning on the company side.
I think Mark has (parent syndrome) - when a parent think their kid is gifted but fail to realize only about 3% percent of the kids in the US are truly gifted. I hope but doubt MIKP is somehow special and can be reinstated but the odds are not in our favor lets just see if we can sell this thing or let's at least hear all this good news.
Just seems dumb to go through this process if the end results are always the same. Lets just get some good news and see what you can do with this shell Mark!!
If FINRA never reinstates pinks after being suspended why would they be going through the process of sending back comments to be answered. Just seems ridiculous. Maybe they just have to go through the motion! If mark is denied can he try again in a year what's the rules here anyone knows. Turned down once and that's it?