Mike The Pike Productions Inc (MIKP)

[VocalJustice]

Well, a lot of accusations are made as to Newbauer's motives and practices, but when you get down to it, everyone knows that penny stocks and pink sheet stocks are all a tremendous risk. If they weren't so volatile, they would probably be at a much higher price. So, you take a gamble.

In this economy, starting up a film production company (in Indiana of all places) has got to be an uphill battle. Hell, any entertainment business startup is gonna be a struggle. If MGM is declaring bankruptcy, then you have to know that times are tough.

That having been said, you can accuse someone of being deceptive, but with film projects in particular, especially on an independent level, financing can sometimes take forever or fall-through altogether. Perhaps Newbauer's biggest mistake was to remain optimistic. Perhaps his mistake was in putting out PR on things that are in development rather than solidified.

I personally think at this point, and especially after reading the posts here, his grandest mistake was taking his stock public. So, when you do that, you open yourself to major scrutiny, and everyone is entitled to their opinion and feelings on the matter, and Newbauer will just have to weather the storm and maybe, at some point, come out on top. Time will tell.