I still believe in MIKP not because of Mark but because of GRRM. If Mark did not have SkinTrade I would have been counted my loses and moved on. I've had monies tied into MIKP for over 2 years now so it's not like I miss it at this point. To blame the SEC for this situation however is totally wrong IMO. Take a look closely at what said:
Issues that he highlighted:
"There were questionable internet activity and concerns about PRs from Decemebr 2009 to February 2010. As an example, on January 21, 2010, you put out a PR stating that you are expecting revenue of $100 million by 2013.
I found later that the specific questions concerning our financials from 2011 was that in 2010 we listed our liabilities with interest rates…. in a report in 2011 we did not add the interest payments to the principle. This was the concern?? I will happily address as, yes, this was a serious, but honest bookkeeping error."
Now I'm not sure if Mark was giving the example or he was stating the example the SEC gave but either way it is implied that there where other reasons besides the two mentioned why MIKP was suspended. Mark either doesn't know the other causes or he just doesn't want to share with the shareholders all what the SEC said in order to keep current shareholders on his side. To me examples would be when he said Serve Nation was sold for $350,000. Never seen it in the financials never heard anything else about it. He said he signed a $60-$80 million dollar agreement to package SkinTrade never heard anything else about that. Now when someone says things and never mentions it again it would soon appear that that person may be lying.
Say what you want team this is Marks fault not the SEC. You cant compare MIKP with GOLDMAN SACHS. Sachs is a billion dollar company. They have paid there dues and sadly can get away with more things than Mark. It's not fair but no one here was born yesterday we all know that. Until Mark becomes a billion dollar company or even a million dollar company he has to dot his I's and cross his t's and not out out Pr's that he can't back up as fact because evidently he couldn't.
AI
