Sunday, February 26, 2023 3:30:10 PM
1) Mark has NEVER been able to raise a meaningful amount of money for development of any of MIKP’s “IP”.
2) His most recent attempt was to raise money directly into Arowana by selling Arowana stock. So in effect, selling ownership in the IP that so many think MIKP is going to benefit from. But all he is doing in that attempt is diluting MIKP shareholders out of their stake in it.
3) In the YEAR he has been trying to raise money for Arowana by extending the CF offering deadline over EIGHT TIMES…he has maybe gotten $10K.
So what do those facts suggest?
If he can’t become SEC registered then he is just another trip zero stinky pinkie. And the only realistic source of funds will be toxic penny financiers. Even then it will be a challenge when the stock is below .$01…due to clearing issues that now befall sub penny stocks.
so…
He will likely have to do a massive reverse split in order to get the share price to the point where he can get some money he would need to develop his “IP”.
But this isn’t about any of that really…as long as the story holds together long enough for his long time holders to finally exit the stock.
"Harsh reality is always better than false hope"
Recent MIKP News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/12/2024 07:00:59 PM
- 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
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