Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
two sites IMO:
www.mtpprods.com - the company's main website
and
http://www.otcmarkets.com/stock/mikp/quote for filings/due diligence, etc.
they also have more FB pages for their projects than I can keep track of, but I know they also own the rights to a book by the Game of Thrones guy-- www.theskintrademovie.com - anyone else?
oh- and www.enterwhitespace.com
Nice day today for us! Just the beginning IMO
Yeah, this company's a real schemer-- reducing shares, paying off debt, producing movies-- would hate to be involved with something like that. Why don't you go back to Burger King-- someone just ordered you with cheese.
spread the word- relatives, facebook, who knows-- let's have our OWN campaign!
Look at their history- they used to PR when they got a new water cooler--- I appreciate the turnaround here, but now I feel the pendulum has swung too far the other way--- UNLESS, you want insiders to get the best price possible before opening the floodgates-- I'll continue to get out of other plays to buy in here---something big here-- if not altogether refreshingly strange---either way, I'll roll the dice--- as much as I want this to pop right NOW, there's something to be said for a company not waving its feathers (er, fins) around like all the others... yet, they continue to PERFORM all the while! but yeah, I think they may be bordering on the extreme in not mentioning some of this stuff publicly-- even a shareholder update to say- hey, we reduced our shares by 50% and killed $500k in debt...oh, and we have another movie now---- come on!!
A friend of mine in Florida told me this was going to be the second coming--- btw- they are DEFINITELY playing it under the radar-- did anyone else notice a new movie on the Saint James FB page?? http://www.facebook.com/saintjamesfilms Lizzie Borden (HOT) Not sure what the strategy is here for PR????? they aren't announcing this?
This is a strange ( but refreshing) play. The real deal IMO. I wouldn't expect the quick burst in pps and it seems the company likes it this way. Any company would be PRing these actions of late like the town crier, yet they discreetly file via otcmarkets instead. My guess? They are trying to keep the price down until debts are paid and film profits can be used to soak up the float. They always said they wanted to be lionsgate and the way lionsgate blew up was using their preferred stock and leveraging it to the AMEX exchange to make big deals. They went from pennies to dollars and are acquiring other companies for hundreds of millions now. If you don't 'invest' in this 'movie' I'd at least get some tickets for the show. I think we have a blockbuster on our hands. IMHO. GLTY!
They did. WY SOS confirms and they have a share structure on the company's website. Holy god I've never seen the likes of this company in the pinks.
Sailboat, I'm not sure what your personal agenda might be here but it sounds like the guy ran over your dog--- also- those others you mentioned-- all pinkies-- this one's a bona fide BB-- I think Atkinson has something big brewing here.
I'm showin 210m total reduction- yes? I thought the last one they did was for 150?
Highly unlikely-- films do not sell for $50m--- they may generate $50m at the box office, but they do not sell for that kind of money. Just saying.... Let's keep it real here guys- pump days are over-- if you're here for next week, there's the door. If you're hear to be a part of what many of us think via PM will turn out to be a pink sheet anomaly-- get out your checkbooks.
I think this Pike is going to turn into a GOLDfish by Thanksgiving.
Well, that explains it.... maybe a PR tomorrow on this!
Reduced O/S today! Anyone notice this? http://mtpprods.com/investors.php
YEP- count me in!!! glad I stumbled on this one!
ANOTHER DEBT REDUCTION- This was posted today- http://www.otcmarkets.com/financialReportViewer?symbol=MIKP&id=83340
Why aren't they announcing this stuff? I'm guessing by the lack of news lately they are trying to get as many cheaps as they can before the floodgates open. Terrific news regardless.
Time-- and this isn't a lecture, but as a group we need to see clearly- these are GAMES being played to keep this down. Though the action itself is not pleasing to the eye- what it really means is that this thing is positioned for an explosion of positive pps movement IMO-- these are penny ante techniques that create a chicken little effect on shareholders and prospectives--- Again, if the company had not pulled back shares, I may have a different opinion, but the way we're set up here- it's painfully obvious. anyone else seeing this?
ha! nice find, Maronti- but I think that would just backfire on us all--- this kind of manipulation has been going on for years and the SEC happily looks the other way as its part of what they all perceive as a necessary evil to 'maintain the markets'
WTF?? whoa whoa -ha! that explains the L2 today--- am I right or am I right-- you've confirmed this, KOP? With the company or with Scottrade?
It's clear to me. You don't bring Kop on board, get him to commit long-term, then power dump into .0002-- this is GAMES by the MM. Time to blast through these a-holes.
games, games, games- that's all this is-- "they" are freaking out and pulling out the stops-- this baby's gonna blow! I'd scream dilution if it weren't for the recent pullback, but this is just a bunch cracker jackers sh*tting themselves to keep us down.
I thought you were a long-termer Ant?
I have no clue how to even decipher your message. But point stands- you CAN and they DO short sub-penny stocks. It can be very profitable, especially when you have the leverage to create downward pressure consistently to scare off any hopefuls or prospectives.
and SUREly you won't bother to see the amount of shorting going on here: http://otcshortreport.com/fdmf
Where there's attention- "they" flock-- and here "they" are-- the long and strong here will prevail IMO
wrong board-- moderator- please delete- nothing worse than spam and drunk posting.
thank you. amen. conspiracy over. now let's rock this house!
as for OTC - its way deeper than you probably realize based on your response, unless you're being coy for whatever reason---
quoting:
The Hundred Billion Dollar Loophole (05.07.02): There's a rule that the market makers use ... a rule that only has less than two hundred words in it ... and that rule allows them to naked short an OTCBB or Pink Sheet stock into oblivion. It allows them to literally create, out of thin air, as many shares as they need, to maintain an orderly market. "(B) Proprietary short sales No member shall effect a short sale for its own account in any security unless the member or person associated with a member makes an affirmative determination that the member can borrow the securities or otherwise provide for delivery of the securities by the settlement date. This requirement will not apply to transactions in corporate debt securities, to bona fide market making transactions by a member in securities in which it is registered as a Nasdaq market maker, to bona fide market maker transactions in non-Nasdaq securities in which the market maker publishes a two-sided quotation in an independent quotation medium, or to transactions which result in fully hedged or arbitraged positions." This rule allows a market maker to create a share in a company by simply taking the money from the buyer and making an electronic entry into their brokers' account, and the broker then electronically credits the buyer with one share of that company. But several things that no one is aware of take place in this transaction. 1. The buyer thinks that his share actually exists, but unless he or she has read his account agreement very carefully, he won't understand that all he did is give money to someone other than the company and never got any actual proof of ownership. His certificate, presumably, is sitting at the DTCC. 2. The market maker filling the order for one share has the buyer's money, and gave nothing except electronic acknowledgement of receipt of it ... the electronic entry in the buyer's account. One very important thing to understand here, is that at no point in this process, did the company in which the buyer 'invested' ever get one single dime of the money paid by the buyer for that share. There is a tremendous misconception out there that causes many to assume that when they buy a share of a company's stock, the company gets the money. This is only true if the buyer is buying an IPO, or a private placement of shares from the company. In any other sale or purchase of a stock by an investor, the company does not even see the money. This is particularly vexing when one begins to understand what happens in naked shorting situations. Situations where the provision that allows for naked shorting to maintain an orderly market is abused. Understand that whoever is doing the naked shorting is the one receiving the money. They keep it. For as long as it is convenient to do so. That is where the abuse of the rule comes in. That rule was created to allow for market makers, who by becoming market makers, agree to 'make a market' in certain stocks. That means that they will sell you a share, or buy a share from you, even if there isn't any available, or there are no other buyers for it. The Market makers' job is at least partly, to provide liquidity to the market. In thinly traded securities, or securities where there is a small public float, the market makers' ability to naked short is crucial to the liquidity of the market in that security. The abuse takes place when the market maker for whatever reason determines that the market for a particular security has become "disorderly". Too much buying pressure, for instance, can cause a price spike in that security that would have no relationship to the true book value of the security. The market maker then determines that he will naked short to fill orders, knowing that by doing so, the price will not explode on unusually high demand because he can literally issue new shares under this rule. The market maker then waits, with an open naked short position in that stock, until the buying pressure subsides, and he can buy enough shares back at lower prices to cover his naked short position. The rule does not have any time requirements and that allows for the market maker to keep a naked short position open for potentially years. In reality, until the buying pressure subsides enough for him to buy back at lower prices however many shares he needs to fill previously filled orders that make up his naked short position, it simply stays open, and the money sits in his account. Someone is going to ask the question, "So, how big are all those naked short positions, anyhow?" There is another provision that says that the market makers do not have to publish their open naked short positions. Never. At all. All OTCBB and Pink Sheet securities can be naked shorted - indefinitely - by market makers under this rule, and there is no way that an investor can discover if there is an open naked short position in a stock he may be interested in, or even how big that short position is. So far, the SEC does not see a strong need to correct this situation, either. Think about it. There are unlimited amounts of shares that were never authorized or issued by a company made available to the unsuspecting investor. They are authorized and issued by the market makers under this rule, and the company never gets any money from the sale of shares created under this rule. The temptation to abuse this rule is irresistable. Just do the math. A million naked shorted shares sold by a market maker at 0.01 (one cent) is $10,000 that the market maker keeps in his account, and that the company does not get. At 0.10 (ten cents) the market maker gets to keep $100,000. Now, that is for each million shares that the market maker creates. Under this rule, if a company and/or a group of shareholders begin to suspect a short position exists in their security, they can not discover this from any published source. The price of the stock remains constant, or goes down, even though there is unusually heavy buying ... buying that goes on for years in some cases. The company thinks that there is someone illegally shorting their stock in an attempt to ruin the company. The shareholders think that the company is illegally printing shares behind their backs and is scamming them. Eventually, this distrust between the company and it's shareholders becomes so great that investors start selling, or the company, already damaged by a supressed share price, is forced to issue additional shares into the market because other collateral-backed loans can not be made with share prices so suppressed. This is what the market maker is waiting for ... sometimes for as long as years. In both cases, the market maker eventually gets his naked short position covered, and all it cost was the company's reputation, the shareholders' money, and the SEC's full cooperation by allowing this abuse of the rule. There is a third situation that the market makers naked short into ... a stock that is a likely prospect for failure. In that case, they just continue naked shorting no matter what, keeping the price suppressed, and eventually the company files for bankruptcy, and ... the company goes out of business, the shareholders lose their investment ... and the market maker keeps the proceeds of his continued naked shorting. A good question for the SEC would be, "Seeing as how the companies that failed never got the proceeds of the sale of stock over and above their issued and outstanding, but the market makers did, isn't the SEC allowing actual fraud to take place, and condoning it by the creation and continued existance of this rule?" Like it or not, the SEC has allowed securities fraud to run rampant in the OTCBB and Pink sheet stock markets by simply looking the other way and allowing the market makers to target the OTCBB and Pink sheet markets as a source of huge amounts of cash, literally stolen from investors by the third party creation of shares by an entity other than the the issure - the company. This rule is nothing less than blanket permission by the SEC for market makers to become the issuers of company stock, no matter what the company's official authorized and issued amounts are. And that, my friends and fellow investors, is securities fraud on a scale almost beyond comprehension.
Right, but you are most likely an 'average' retail trader-- the MMs, big boys, etc. - with large accounts and leverage accordingly can MARGIN these costs-- they don't pay them-- it's a bet-- which is why they scramble to cover when the price moves-- we the people can literally catch them with their pants down if we buy big when we see shorting occurring- it forces them to then purchase the shares they thought they could profit from shorting.
http://www.davemanuel.com/2007/12/28/naked-short-selling-what-it-is-exactly/
http://seekingalpha.com/instablog/2406831-shortracker/651241-naked-short-selling-is-killing-otc-companies (very important read for anyone who really cares)
FYI- shorting report: http://otcshortreport.com/mikp We just need to crush these weasels.
I have to say, I normally agree with imiloa - solid DD and seems to have been with the company since the get-go-- but I have to side with the company on this one-- I really like that response in regards to positioning, industry players and most of all- the bottom line.
It was-- I called TD Ameritrade to confirm- they said it's been lifted since May 9. Let the games begin!
It's Friday before Memorial Day-- I don't see action until Tues/Wed of next week- this is the fire sale for those of us actually watching it today... not gonna be at these prices for long. IMO on both
I wouldn't count on it- unless the company starts buying them back-- we're capped at O/S and A/S so to reduce they'd have to buy them straight out of the market.
Can you trade electronically? Or just via phone? I know you can via phone at Scottrade because I have.
correction, Goldy- the chill is not officially off- that still stands, but Ameritrade- one of the most popular online brokerage firms out there-- has lifted their restriction on MIKP- which is pretty big-- next best thing let's call it!
never say never. Unless you own Scottrade of course.
Market, you may have missed it, but Ameritrade emailed the company yesterday and said there is NO restriction on MIKP over there!@ So they now have Etrade, Ameritrade, OptionsXpress among others! I think Zecco and Scottrade are the two main ones people can't use yet.
Looks like it caught its breath. I think we have water flowing through the gills if they keep making statements and following through.
This is true, to my knowledge; however, the company would have to file for unlimited A/S and the TA would have to report it as such or be gagged- neither has ever been the case with this company as far as I can tell from filings and a phone call to TA (Madison)
I called the company. They have emailed and called Scottrade in an attempt to remedy, but I know for fact you can place orders for MIKP via phone with Scottrade-- I use Etrade for this one and other DTC non-eligibles-- you can trade it electronically there