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Re: TenKay post# 98841

Tuesday, 01/10/2023 10:55:11 PM

Tuesday, January 10, 2023 10:55:11 PM

Post# of 111545
Thank you. Fair post.

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:

But we wait for what is going to show up next…
Withdrawal of the Form 10…or…2 years of audited financials

Bullish
Bullish

I am obviously NOT an investment advisor.

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