Mike The Pike Productions Inc (MIKP)

[delerious1]

Every penny stock that I have ever traded has had potential at one point or another or else I would never have bought it.

The problem usually is when the company runs out of money or time and then makes the wrong decisions.

That seems to be the case here....he is caught up in bad advice and thinks that a Reverse Split done with potential news and changes will move things along in the right direction.

I don't believe it will succeed, the odds are against it, that's why I got out....been burned too many times.

Institutional investors involved in these things never lose. They hedge their bet, set bench marks for the company, and usually release funding in tranches based on performance and the ability of the company to meet the requirements of the agreement, post split. If the company fails to meet those requirements there is a penalty .

Not sure how Mark is allowing them to set this up , but regardless, the statistical info on sub penny stock split succeeding is likely dismal.

Just my opinions but I have been thru many of these and not 1 has ever succeeded

If possible the new share format will be attacked by shorts because now the company has just opened it up for shorting and those shorters know how to take advantage of it and are also aware of the chances for the stock to succeed.

Another thing about reverse splits is that as soon as the intention is announced there is a huge negative impact to the stock and a change in the kind of shareholders that stay. The risk has just jumped.

Many shareholders that stay will find the need to defend the company and justify and support the split.

I am hanging around to see if things work out okay, and I hope they do.

Good Luck

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