Mike The Pike Productions Inc (MIKP)

[imiloa]

Deri, I've been trading pinks since the mid-90s and the best lesson I ever learned was to assume it's all a rigged game, like casinos.

imo, There are only two ways to win in pinks:

1. Getting lucky, and then being smart enough to get out before it crashes.

2. Trying to discern what the "house" (MMs, CEOs, hedge funds, etc...) is doing, and try to play their game with them. eg:

When you think a CEO is pumping to dump, if you can get in early, do so, but get out as soon as you see volume pick up with {VERT, HDSN, UBSS, etc...} sitting on the ask.

When you see MMs loading at the bid or walking something down, watch it and consider loading at the bid when they do.

The key thing is to assume all the companies and news are fake and the only important thing is what the hype can do for the stock price today and tomorrow.

Every time I've thought a CEO might follow-through on a win-win scenario, the CEO has fumbled the golden goose potential and just taken the money and run. Certainly easier to hang on your sofa sipping beer and printing shares than to actually roll up your sleeves and grow a business.

MIKP is shaping up to just be the latest instance of that story.
In this case, I think Mark actually did want to succeed, just might have flailed in the attempt.