Mike The Pike Productions Inc (MIKP)

[SPM555]

I have a question to anyone out there who bought in higher and isn't a fan of the split. We know that Mark doesn't need shareholder permission because he owns the vote, however there was this bit in the filing:

"If any Shareholders properly dissent, the Company will seek to establish the fair value of their shares and make an appropriate payment to those shareholders."

Fair value is not the current market value, fair value can potentially be higher or lower than the current market value. If the company believes they're worth more than the current market price, they should offer you a better than market price for your shares possibly. This is verbiage you don't normally see from an OTC that does a reverse split, and it may be tipping us off that there's better days ahead. I'm curious if anyone goes through and dissents, what the company will say.

I went so far as to ask Bard what it thought about that line, and whether or not it was common and what it could imply. Here's Bard's answer:

No, it is not common for a company to offer shareholders the option to dissent and receive the fair value of their shares in the event of a reverse stock split. This is because a reverse stock split is typically done to consolidate the company's outstanding shares and make the stock more attractive to investors.

However, there are some cases where a company may offer dissenters' rights in the event of a reverse stock split. For example, a company may do this if the reverse stock split is part of a larger corporate transaction, such as a merger or acquisition. Or, a company may offer dissenters' rights if the reverse stock split is being done to avoid delisting from a stock exchange.

In the case of Mike the Pike Productions, Inc. (MIKP), the company is offering dissenters' rights in the event of the re-incorporation to Delaware. This is likely because the re-incorporation is a major corporate change that could have a significant impact on the value of the company's shares.

If you are a stockholder of MIKP and you are considering dissenting from the re-incorporation, you should carefully review the information statement and consult with an attorney to discuss your rights and options.