Mike The Pike Productions Inc (MIKP)

[wEaReLeGiOn]

This "movie company" was only formed in 2008, so Newbauer's assigning it a "no brainer" in terms of proven income and all that crap, is just that. One of the principals got his start in porn, and a couple of these movies are soft-core porn.

The former principals are free to continue their careers (such that they are) by forming another production company, and MIKP (however this acquisition will be folded in) will receive income from further distribution of the present properties (such that they are).

The question is the actual cost of this acquisition to shareholders as opposed to the income that can be generated. We know that Newbauer claimed the recent Authorized Share hike was for the purpose of this acquisition, but we don't know precisely how many shares, or how the shares will be distributed (restricted or free-trading). I suspect that because there are virtually no common shares left in the MIKP coffers, that another reverse split is in the making, seeing as how MIKP is currently in the triple zeros. I also expect Newbauer to launch into another NR campaign of why a reverse split and dilution is good for the long-term benefit of shareholders, when it's really only good for Newbauer's ATM purposes.


time will tell, as it always does...