Mike The Pike Productions Inc (MIKP)

[imiloa]

Certainly not pretty. We've discussed the R/S concept several times here.

The recent dilution combined with low posted qtr revenues suggests Mark needs cash. With only 500m headroom til AS, he can only get $50k more by dumping @ 0001.

Only options are to jack the AS higher or R/S.

R/S seems a win-win solution for Mark:
-- Allows Mark to start over, with more headroom to dilute for quick cash.
-- Resets the share structure much lower, making the stock seem less pink to potential investors.
-- Lower OS/AS will make it easier to run it on film/event PRs.

Downside:
-- Completely hoses current shareholders.
-- Undermines Mark's credibility, via his claims of no R/S this year.


One question I have: Why did Kistler (via New Opportunity Business Solutions) just pay for another shakerzzz pump? I figured Kistler had dumped his remaining shares into the first shakerzzz pump to 002x.

The new pump suggests either:
a) Kistler had a few more on shelf, knows R/S is coming, and wanted to get whatever he could for them.
b) Kistler is still playing the FtW game, and planning to run this at some point. EESO was wallowing in the 0004/0005 range before they ran it over 0500. Some good hype on film projects, combined with patented FtW tape manipulation, they might be able to engineer such a run with MIKP, after loading up their own coffers with 0001 shares.

Option B would obviously be great for current holders, but it seems a slim hope, so not worth betting on unless you have inside info that reinforces it.

Will be interesting to see how the cards fall. Looking pretty bleak at this point.