Tuesday, January 10, 2023 10:55:11 PM
I don't know why Mark didn't wait for the financials, but one hunch I have is that Mark knows the SEC is going to be shutting down dark tickers. Perhaps by getting the incomplete Form 10 filed he might have been getting his foot in the door, so to speak.
There's no way he did it for the puny Canadian brokerage volume (or whoever has been able to trade this). I do not believe the Form 10 was filed without an intent to also file the audited financials.
FWIW, I think you might be wrong about the audit costing a lot of much money. MIKP is a very simple operation. It owns some intellectual property (through Arowana). I think their IP is valuable, but reasonable people can disagree about that. Beyond that, I doubt there has been much cash coming in or going out, and likewise few if any receivables or payables. The easiest number to audit is a zero. It is possible that the books are super easy to audit (and thus not very expensive).
Finally, I definitely agree with your statement at the end if your post:
I am obviously NOT an investment advisor.
Recent MIKP News
- Form DEF 14C - Other definitive information statements • Edgar (US Regulatory) • 11/28/2023 10:00:20 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/22/2023 06:06:28 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 11/14/2023 07:00:35 PM
- Form PREM14C - Preliminary information statements relating to merger or acquisition • Edgar (US Regulatory) • 11/02/2023 04:01:43 PM
- Form PRE 14C - Other preliminary information statements • Edgar (US Regulatory) • 10/04/2023 04:01:33 PM
- Form 10-12G/A - Registration of securities [Section 12(g)]: [Amend] • Edgar (US Regulatory) • 08/23/2023 08:54:45 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 08/22/2023 06:10:15 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/14/2023 01:07:41 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 06/28/2023 01:43:32 PM
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