I do not know why I post Marks emails on this board. Here are 3 emails from him that I have already put on this board. They talk about no reverse split.
What is there to come back on, Tim? I respect you- I understand you- and you make some very good points. I've told you weeks ago that I have been working on giving out timelines casually-- In my industry, we're used to delays, etc. so as a filmmaker, it's not uncommon to say, we'll have post wrapped in a few months and then, next thing you know, it's longer than you thought-- It's just the nature of the business, and perhaps as CEO of a publicly traded company, I haven't been as careful as I should be in saying things like- 'we should have this done next week' via press release, email or otherwise; however, when I'm asked a deadline, I'll give my best guess. As well, sometimes things are done and I won't simply announce them yet due to strategies otherwise-- for that, I simply have to take the abuse. If people want to think nothing is happening simply because its their personal, emotional 'feeling' that something "should be" done "by now", if people don't take the time to research the company and industry in which they are invested, that's not exactly something I can concern myself with as a focused producer. I explained to you personally that this was a whirlwind- my introduction in the 'public markets' - I was, for lack of a better explanation, used as a pawn unbeknownst to myself early on, then when I was able to 'break free' and run the company my way, I had no idea what to do. I'm being very frank here. Not because I didn't know what I wanted to do or because I didn't know how to do what I do--but because the only experience I had in these markets was as surrounded by those that, in my opinion, don't utilize the markets the way they should be; don't treat shareholders the way they should; As I said, for the business model, March 2011 is approximately when Mark B. Newbauer had the chance to finally do what I do and only recently have I been able to truly trust those I have helping me on the 'stock' side of things. I feel we're very well poised for success- in both the business and with the stock, moving forward. I have no plans for a reverse and feel we have good potential for consistent revenues beginning Q2 of this year. That's all I can say to you. But from here on out, please understand-- when you write or call to ask me-- what's going on? when is the next press release? when is X? My answers will be brief at best. Anything and everything anyone wants to know will be on the blog or released via press release and I very much respect your words on timelines and will be cautious when, even if, timelines are given.
All I can say to that is that we are not reversing. First and foremost, it would be vehicle suicide to do so-- we just did one in March-- and this vehicle wasn't exactly the Hope Diamond when I took it over, so to add another reverse to the mix-- NO. Secondly- there is absolutely no reason to do that-- before, we had toxic shares in the market, shareholders in the background from well before my time and yes, mistakes of my own, honest learning curve mistakes of my own, that contributed to a .0001, no bid status that I didn't know how to revive. I was surrounded by fools on the advisory side prior to-- FOOLS that proclaimed to have the answer. But I'm a survivor and a fighter-- and I always strive for the higher standard, better path and feel we've done that in a very big way since the reverse. Mistakes-- I'll make them for the rest of my life, but I've learned this year not to repeat my mistakes and feel that White Space, Skin Trade and an agenda like that announced today, will lead to exponential success-- and yes, I feel the pps will reflect this success along the way.
Increase in A/S-- perhaps down the line, sure-- but only if it makes sense in terms of assets on the books, strategic partnerships, etc. You've been hot and cold for the past two weeks and then we announce a potential deal that will bring revenue generating assets to the company post haste, and you don't like it. Not sure what kind of news would appeal to you. We are not, for the benefit of everyone, looking to sell White Space until AFTER visual effects are implemented-- I've stated this on several occassions. This allows us to finish that while putting out content all the while under a subsidiary--- very different content-- low budget fair which is high margin and exponential returns, with production timelines under 4-6 months for each 1-2 films at a time.
I hope I at least addressed your concerns, if not quelled.
Mark B. Newbauer
CEO/Producer
Mike The Pike Productions, Inc.
www.mtpprods.com
From: MTP PRODS <mark@mtpprods.com>
Subject: Re: ADCS
Date: Wednesday, September 21, 2011, 10:43 AM
Hi Tim-- regarding the conflict of interest, I understand your reasoning and respect where you are coming from; however, there is a firm agreement between both companies in place. If the two companies were direct competitors, and policies were in place regarding non-disclosures that may be violated, this would be a different story. i.e. if I was CEO for Ford and CEO for Mazda.
That said, we're making great headway in both companies and this may or may not include new management for ADCS in the near future so both companies' objectives can be met with due dedication. There are some very good plans underway for ADCS still, regardless of the October 1st decision, and there are very few, if any, reasons to be disappointed in any way about bringing another asset into MIKP that we feel will generate strong revenues for the company. It diversifies our asset base and I feel it will allow for revenues from ServeNation to facilitate film finance when desirable thus limiting outside private investors and more equity stake for the company itself in each of its projects.
Post Production is still expected to be finalized sometime in December. That said, film buyers/distributors usually begin looking at films during the post-production process for consideration of purchase for territory rights. I'm very pleased with the progress we're making there and the completion and sale of the film will be a paramount step for us as a company and in terms of revenues and additional projects.
There is zero reason for us to proceed with a Reverse Split. I cannot rule out increase of OS/AS if we see fit toward opportunities we are considering but only if they are near-term revenue generators for the company. Without touting, the completion of a feature film for a company like ours is monumental. My opinion is that we are undervalued and the company is also not ruling out buy-back of shares once we are able to take the next step with White Space. A buy back utilizing film proceeds, to offset dilution necessary to complete the ambitious endeavor which is White Space, would be very advantageous for the company and, obviously, its shareholder base.
Thanks for the correspondence.
Best,
Mark B. Newbauer
CEO/Producer
Mike The Pike Productions, Inc.
www.mtpprods.com
office: 310-986-2731
AI
