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Re: SPM555 post# 110276

Thursday, 12/28/2023 2:25:31 PM

Thursday, December 28, 2023 2:25:31 PM

Post# of 112711
re: I am quite reasonably confident that the float here is locked up

and you're not concerned about the 5x increase in AS/OS coming with the RS?
nor the documented $50k convertible debt which is due feb 8th,
which is currently 10% of MIKP's market cap @ 0002.
https://www.sec.gov/Archives/edgar/data/1550222/000118518523000902/ex_563523.htm

meaning on feb 8th,
neville will be able to force dilution
of a significant percentage of the current OS,
unless mark manages to come up with $50k over the next 6 weeks
or can significantly raise the share price via compelling credible news
of progress on production plans
to minimize the percent of the dilution.

do you think neville will hold all those shares once he has them?

and post-RS, mark will be able to dilute 10x the current OS,
and might do so to pay off the $50k toxic debt to neville,
as well as to keep the lights on, given mark is so broke
he can't even pay back a 4-figure personal loan from a year ago?

how can the float be "locked up" given both those concerns?
.

re: and this chart/stock is primed for a sustainable and significant breakout.

fwiw, i do see potential if mark can follow-thru on production of the current IPs.
which is why i'm still here, and still holding ~$60m shares.

but that remains a big if,
given mark has crashed the proverbial IP car
on every venture prior.

and it also hinges on mark not diluting to oblivion
shareholder stake in any production success,
as he did in 2012.

to be clear, i do see potential in this gamble,
which is why i'm still holding.

i just think you're overly optimistic
and haven't thought through the entire landscape here.

that said, you're clearly committed to the gamble,
so i do wish you good luck on it,
and i'm hoping for a payoff here, too,
after a decade+ of chronic disappointments.

99.99% of all pinks are scams. Best to assume the other 0.01% are as well.

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