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SPY 500 seems imminent.
bull flag on the daily this week
being that "sideways today" you noted.
re: Looks like a flush coming,
what are you seeing?
i'm not trading this week
but a quick look at SPY chart
suggests a bull flag today
with strong support @ ~496.8 thus far?
bull flags that don't sag
suggest algo buying at the S level
catching all sells at the S level.
and there are some large buy volume spikes
on the bounces from the S retests.
all that combined suggests to me
bots are consolidating/accumulating
and want SPY higher.
only time will tell.
never can tell with bees.
unclear how otcmarkets gets updated.
or it might be diprima is still actively in the loop.
given the surprise RS,
it seems best to assume shenanigans still afoot.
we'll see if mark dilutes heavily anew
once the RS is complete.
at this point, i'm just hoping that mark's tweets are legit
and that he'll be able to announce production deals in the next month or so,
maybe even before the RS enacts,
tho, i suspect mark is waiting to splash updates on production
until he has the RS complete.
followup:
SPY ~496.8 S held
and the current bounce ran higher
than the prior oscillation peak @ ~11:30 ET.
suggests SPY wants higher today.
we'll see...
spartex, re: "I believe S&P500 may hit 5000 today."
i haven't been able to watch markets the last couple weeks
but looking at SPY chart now,
i see low vol rallies yesterday (imo, likely bot manip)
with ramping rally volume into the close yesterday
and the big gap up today.
given that, SPY 500 wouldn't surprise me today or tmrw.
because they can...
looks like SPY is retesting
intraday S @ ~496.8 as i type.
if it breaks under that S,
SPY might selloff midday towards gap fill.
if it does selloff,
i'd expect another bot rally this afternoon
as it seems the bot agenda is higher for now,
per the big gap up after rally EOD yesterday.
if SPY 496.8 S holds
SPY 500 today or tmrw def seems possible.
again, because they can...
time will tell.
sky, diprima still listed as CFO on otcmarkets:
https://www.otcmarkets.com/stock/MIKP/profile
re: etrade can't buy,
just checked, and you're right.
"Opening orders for this security cannot be accepted at this time."
my 3m TGGI were with TDA, now bought by schwab.
have had them from 0001,
residuals from flipping TGGI many years ago.
haven't tried to buy any new TGGI shares since the run up.
yeah, the EESO debacle cost carnes, jared, etc... in the end.
i know jared got some prison time, too.
mark was just the PR guy for EESO,
and, afaik, escaped from the raid without incident.
re: kistler banned from stocks,
hard to believe he'll be able to stay away
from his career of securities scamming.
maybe he'll continue from behind shell corps?
def good that kistler is no longer directly involved in MIKP,
at least in theory.
but the RS announcement and AS bump
suggests mark might be carrying forward
the tricks he learned from kistler's manip.
or maybe mark will "do the right thing" this time?
that's clearly what everyone wants to hope for.
fwiw, we'll get our first taste of mark's financial stability this week.
neville's $60k (with interest) note is due on thurs, feb 8th.
if mark doesn't have the $60k from private placement, exec prod funding deals, etc...
then mark will need to give neville 600m pre-RS shares,
diluting our common shareholder value by 25%.
then, the key question will be whether neville,
who likely has insider info on ongoing production potential,
holds for "the good things coming,"
or dumps on the open market,
where 600m @ 0002 would double his $60k debt due,
and whatever portion dumped @ 0001
would pay him back with interest.
time will tell how it plays out.
re: What sort of connections did Mark have vs now? How close to deals and production was he then vs now? Possibly the biggest question to ask yourself is, what was the I.P. market back then vs now?! What was the chart looking like then vs now?
how about these simple questions:
how many IPs has mark optioned the past decade?
how much has mark hyped the potential of those IPs?
what became of those IP options?
but this time is different, right?
to be clear, i def see the potential of the current IPs.
and if mark's tweets are accurate, then he is moving fwd with production deals for them.
but...
we've heard that all before, most notably with _skin trade_,
which seemed a slam dunk to pitch amid the exuberance around _game of thrones_.
as ever, i remain cautiously optimistic about the potential for production,
not abjectly bearish about that aspect.
i simply perceive you to be exalting the upside
while shrugging off the innate risk of RS dilution.
and your ego strutting isn't helping convince me otherwise.
prolly not convincing anyone else, either.
of course, another option is that you're pumping for mark and/or cornerstone,
which would explain how you can be so optimistic about the upside
while hand-waiving away any concerns about post-RS dilution.
to be clear, i doubt that's the case.
seems more likely you're pumping in hope of inflating value of your own holdings,
as is common practice on these forums.
but i've seen all kinds of deception over the decades
in the wild west OTC plays.
re: Ever hit a six figure winner?
i've had several great hits on OTCs since the 90s,
including 100x run on EESO, which is what got me into MIKP.
(EESO was another ft wayne mafia scam, for which mark was the PR guy.)
but your tactic of trying to undermine my credibility is deflection.
i don't doubt you've done well trading OTC.
but if you underestimate the risks of RS dilution,
then i stand by my "luck vs savvy" perception.
re: close minded you won't even accept the possibility I may be able to ascertain a high probability opportunity via a method you don't understand,
you've stated your logic for this play.
as before, i agree with the potential for the setup.
it's why i held this summer in 0008-0010 range,
and why i've held thru the RS uncertainty.
the difference btwn us is that i am taking the RS risk seriously,
while you are shrugging it off as a "good biz decision."
if you have some "high probability opportunity" method
beyond what you have detailed before,
feel free to expound and maybe my small brain
will find a way to grok your exalted wisdom.
what you've presented thus far suggests to me
you are gambling with more confidence than is merited.
to point, you've thus far never offered a compelling reason
why mark is happy to discuss/tweet many aspects of his plans
but continues to refuse to respond as to why he's increasing the AS 5x.
does his refusal to even discuss that topic
not give you any pause for thought about his intentions,
given this exact pattern has played out before?
but, whatever, life's too short to debate speculation
when neither of us knows what mark intends
and we clearly have different perceptions of reality.
my only goal with these posts
is to keep it real for newcomers
who might not recognize the realities of the risk at hand.
who can't buy TGGI, now that it's back to pink from graysheets?
SPM, re: "A 50 for 1 reverse split is not a 5k for 1 r/s. This is not 2011."
in the interest of keeping it real,
MIKP's 2011 RS was only 100:1,
only 2x the current announced RS.
and in 2011, there was no bump in the AS with the RS,
whereas this year, we have a 5x AS/OS ratio increase
bundled with the RS.
thus, technically, mathematically,
the announced 2024 RS has potential to be
2.5x more devastating to current common shareholders
if mark dilutes to oblivion post-RS, as he did in 2011.
as ever, i agree in the potential for a great run here
on credible production news.
it's the only reason i'm still holding 60m shares
since the RS announcement.
but it seems utterly irresponsible to me
to frame the RS as a "good thing,"
until proven so in the future,
given the history, through which many board members have lived,
including, according to you, yourself.
honestly, i'd feel a bit better about the RS,
if mark had posted a credible biz plan
that included leveraging future dilution
for media/distribution partnerships down the road,
after film production has added intrinsic value to the ticker.
but mark has refused to publicly discuss his motivations for the 5x AS increase,
despite being asked multiple times.
which, imo, should leave us all speculating about his intentions
rather than shrugging them off as a "good biz decision for growth."
aka: the old maxim of history repeating
when people fail to grok history.
thus, as ever, i hope mark does post compelling production news soon
and that he doesn't dilute us to oblivion post-RS, as he did in 2011.
and i have 60m reasons to hope for that outcome.
but, as before, imo, if your gamble here pays off as you anticipate it doing,
you will have been lucky, not savvy. 😉
time will tell, as it always does.
sky, i hope your optimism is grounded in reality.
the potential for a nice run on credible news of film production
is what kept me holding this year,
instead of taking solid profits when they availed
in the 0008-0010 range and walking away.
the surprise RS undermined my hope that common shareholders
would share in any future success.
time will tell.
hope springs eternal...
typically to one's detriment in OTC.
but maybe this time will be different...
(being the slippery slope of hope...)
ceezinj, re: "Wow, I had no idea! Thanks for clarifying that for me."
you sidestepped the point of the post you replied to:
[[ it doesn't make sense to compare
AAPL and META to MIKP. ]]
aka: why bother doing so...
the WTAI news today seems a decent catalyst
for another potential run here
and probably explains the sudden upturn in buying the past few days.
try META. 84.7m vol today in 475 range.
~$40b dollar volume today.
but it doesn't make sense to compare
AAPL and META to MIKP.
they are completely different plays.
hoping mark finally has his ducks in a row this round.
but not holding my breath...
if he really does have production mtgs underway with legit players,
he might get some of them to invest in preferred shares in the offering.
advantage being, they won't get RS to oblivion
if mark does dilute us back to billions post-RS.
mark's infamous "soon..."
i see 33 shares traded today and none yesterday.
seems the tweet didn't inspire any new enthusiasm. 😪
potential buyers probably waiting for more credible evidence of progress.
and/or clarity on mark's post-RS dilution intentions.
neville toxic convertible debt is due next thursday.
assuming mark didn't drum up $60k in the preferred share offering,
neville's conversion will increase OS ~25% next week.
re: "Mark listened to people who really don't understand the OTC"
after 15 years running multiple OTC tickers,
one might think mark understood the OTC market?
and having done his own reverse splits,
and then diluted to oblivion,
know full well what happens post-RS?
i grok that some here think mark will "do the right thing" this time
and that the RS will be a "good thing."
time will tell...
re: "It's the new OTC. Only worth the hype. Nothing else."
imo, the OTC has never been more than scalps on hype,
including MIKP since inception.
as ever, i do suspect mark does want to make films.
he was into filmmaking before he was using OTC tickers as ATMs.
the key question is whether current common shareholders
will share in any potential film success down the road.
or whether our millions of shares @ 000x
become thousands of shares @ 000x,
like my dusty residual PAOG shares. 😉
limetime, re: PAOG,
maronti is referring to PAOG's earlier incarnation, ADCS,
which was one of mark's other tickers from 2008-2014,
which also imploded from toxic debt, massive dilution, etc...
Formerly=New Wave Holdings, Inc. until 6-2017
Formerly=Advanced Content Services, Inc. until 12-2014
Formerly=International Minerals Mining Group, Inc. until 2-2008
https://www.otcmarkets.com/stock/PAOG/profile
PAOG's current share structure is the result of several prior massive reverse splits,
literally 109m-to-1 devaluation of shareholder value since 2007:
08/31/2007 -- 1 for 545 split.
12/19/2007 -- 1 for 1000 split
<< time mark owned the shell as ADCS here >>
12/08/2014 -- 1 for 200 split
https://www.otcmarkets.com/stock/PAOG/security
and, after all that, PAOG still has 5m AS and 2m OS now,
because, dilution ATMs remain the most common scam in pinks.
to point, i still have 25k dusty PAOG shares
from trading ADCS a decade ago,
which were 5m residual "free" shares at one point,
now effectively worthless.
that legacy is my point in my replies to SPM's unbridled optimism.
still hoping mark doesn't pull the rug on us again.
but the same music is playing now from prior rug pulls,
including promising no RS,
then announcing high-multiple RS soon after.
time will tell.
re: not sure what you are trying to accomplish,
just aiming to inject some cautionary reality and empirical history
for folks lurking here who might risk more
than they can afford to lose.
you've already sold yourself a bill of goods,
so my messages won't give you pause for thought.
as ever, i have 60m reasons to hope your optimism plays out.
i simply don't share your confidence
having traded MIKP since its inception
along with some of mark's other tickers,
that also imploded with toxic debt and rampant dilution.
so here's to this time being different,
for once...
fwiw, my guesstimate pre-RS,
based on the potential the optioned IPs could attract
capable veteran talent to drive film production,
was about 70% chance that mark would succeed
in getting at least 1-2 films into production
by end of 2024.
since the RS announcement,
with 5x increase in AS/OS dilution ceiling,
my guess is the odds of common shares
sharing in any potential success
have greatly diminished.
time will tell.
re: Who said I'm not acknowledging the risks?
you continue to downplay and justify away
the risk of common shares being diluted to oblivion again
as they have been before.
which seems especially concerning
given mark continues to refuse to discuss
why he's increasing the AS/OS ratio 5x.
and you shrugged off the imminent 25% dilution
from neville's toxic debt conversion
which triggers in 2 weeks.
as ever, i believe in the potential that films will be made.
i'm just less confident we common shareholders
will have much stake in potential fiscal success.
you remain relentlessly confident that the RS is a good thing,
therein, imo, playing with fire you resist acknowledging.
to be clear, i'm open to the possibility
that mark will "do the right thing"
and not dilute heavily near term.
heavy dilution just seems far more likely to me
given both empirical history
and the fact that mark/MIKP are broke
with no known revenue streams until films are completed and distributed,
which won't happen until at least 2025, if not later.
(film production, post, editing takes years, not months.)
re: 90 degree polar shift ... could complete in the next few years
it doesn't happen that fast.
the pole is moving ~20-50km per year.
geologic analysis of volcanic rock
suggests the shifts happen over hundreds of thousands of years.
climate change will likely induce widespread famine, drought,
and infrastructure damage via extreme weather,
threatening civilization collapse and mass extinction
orders of magnitude sooner than magnetic pole shift.
2H2, re: Ship is abandoned and list to port. Laying on her side.
where do you see that intel?
all the reports i see suggest that the crew is still onboard
and they are fighting the fire.
implication-wise, usa/uk have already preannounced another retaliation strike.
grimly, seems only a matter of time before usa and iran are in direct conflict.
https://www.theguardian.com/world/2024/jan/26/vessel-on-fire-after-being-struck-off-coast-of-yemen-amid-houthi-threats
as ever, i hope your optimism pans out.
because if you win, we all win.
i just think you're playing with fire
that you seem unwilling to acknowledge,
which seems precarious to me.
time will tell, as it always does...
in random boom news,
check out CRBP,
equity up 4x from yesterday. 🚀
looks like AAPL leading SPY downward?
mod, were you able to unload your calls before the plunge?
wow. massive SPY drop just now?!
SPY gave up all its gains for the day
over ~20 min since noon.
while UVXY only had small mini-rally.
did something happen at 12noon ET?
re: market always seems to do the opposite of what is expected
it's almost like it's a rigged game.
and they throw us headfakes
to bait betting in the wrong direction,
then pull the rug on us...
nah, that would be illegal, right?...
and the sec would never allow it, right?... 😉
brave new casino of manipulation... 🌀
PCE dec 2023 finally posted:
dec/nov personal and disposable income increase 0.3%,
slightly less than nov/oct 0.4%.
PCE up 0.7% (vs +0.4% in nov).
price indexes up 2.6%-2.9%.
theoretically, this PCE data should be bearish,
signalling continued inflation (via corporate expenses)
outpacing consumer disposable income growth.
but when's the last time fundamentals mattered to SPY?
https://www.bea.gov/news/2024/personal-income-and-outlays-december-2023
delerious, fwiw, i'm guessing without evidence
that the public offering of preferred shares
is part of the package of services mark was offered
with the RS-to-upgrade consultation.
def agree that RS news undermined confidence
for most potential pink gamblers.
(not all, obviously)
so mark might not get any takers for the preferred offering
before the deadline runs out next week.
ttmm, thanks for the link!
i didn't even know mark was soliciting private placement.
and for series-A stock, meaning preferred shares,
which are protected from dilution and reverses
that blow out the common.
the site doesn't cite a share conversion rate,
so i'm guessing it would be current market value?
if so, for anyone who wants to invest in MIKP long term,
and be protected from dilution down the road,
this is something to consider.
key caveat is that preferred stock
can't be sold on the open market.
your broker needs to find someone willing to buy it from you.