Mike The Pike Productions Inc (MIKP)

[makinithappen]

A closer look at debt and possible revenue for the quarter ending June 30. I understand that KOP said the notes were renogotiated, but according to the fillings from July 30 the priciples are being paid down and settled. As for Note 11 it is paid off in full. The filing then states that 0 shares were issued, distributed or otherwise used as consideration with regard to paying down the debt. To me this really looks good the closer I look at the wording. It could be that by renogotiating the terms and paying (with revenue from the two films sold for over 1mil each)substantially on a portion of the debt enabled them to eliminate some of the debt owed in these notes. Thus reducing shares that were given for the notes in the first place. Only speculation of course, but negotiating all of these notes down doesn't just happen without substantial effort and resources on the part of MIKP. Thoughts?
http://www.otcmarkets.com/financialReportViewer?symbol=MIKP&id=86855