I disagree. IMO there is nothing illegal with this press release otherwise, Mark would've removed it/corrected it, (once he's been notified about it), or else (per the SEC/FINRA)... Further, there is nothing wrong with the share price going up or down on account of legitimate company news (good or bad). It's like we concluded before, Finra knows how to and so will regulate where necessary, (doesn't seem like Finra thinks regulating the PR you are referring to is necessary at the moment.
Do you have a more recent PR concerning Serve Nation? Last I heard, the buyer defaulted on his payments to MIKP for Serve Nation so the ownership of Serve Nation reverted back to MIKP, (which is good for company assets). Serve Nation has 1 employee.
"This is though. MIKP still has this news release available for reading today. This is exactly the type of thing that landed MIKP the SEC suspension. Of course, today, we know this never happened. Anybody check the volume generated by this NR ??? Oh baby- P&D fest there..."
2/17/2012 New Release made by Mark
Quote:
That said—- We agreed to sell ServeNation for $350k to a committed JV Group. Their intent is to take the company public, most likely a bulletin board company and with executives from Chicago that have a great deal of experience and success with large ventures.
I agreed, on behalf of the company, toward collective benefit, to allow for payment once the most suitable scenario for ServeNation was identified and prepared by the buyer. Further, though we have agreed to sell, I will not let ServeNation go casually and terms have been built in to our agreement in which they must satisfy both cash payment along with an actionable plan for program deployment and success.
They have a great head start as, again, we already have established strong relationships with a major financial institution as well as a network for the card, which CURRENTLY includes one or more of the following: Visa, Mastercard, Discover, Amex.
