The reason why so few shares were issued is that MIKP was booted to the grey market.
If they had been able to raise capital, then maybe Mark could have done more than only co-producing that one George RR Martin movie.
The fact that he got anything done at all is remarkable.
The fact that he stuck by his shareholders, co-produced a movie, self-funded SEC registration to bring MIKP back to life, and filled the company with amazing intellectual property like Vampirella, Wish, Ella Clah, and Silverwing is astounding.
I am so happy I loaded the boat with shares back in 2021 when people had no faith in the guy.
The Company has been dormant for many years. These factors raise substantial doubt about the Company’s ability to continue as a going concern.
The Company expects to continue to generate operating losses for the foreseeable future. The accompanying consolidated financial statements do not include any adjustments as a result of this uncertainty.
Oh yeah, ...2012 -- was THAT WHEN this DEBACLE began?
SEC Suspends Trading in the Securities of 16 Companies in Ongoing Effort to Combat Microcap Stock Fraud
The Securities and Exchange Commission (“Commission”) announced the temporary suspension, pursuant to Section 12(k) of the Securities Exchange Act of 1934 (the “Exchange Act”), of trading in the securities of the following issuers, commencing at 9:30 a.m. EDT on September 17, 2012, and terminating at 11:59 p.m. EDT on September 28, 2012:
AER Energy Resources, Inc. (AERN) Alto Group Holdings, Inc. (ALTO) BizRocket.com, Inc. (BZRT) Fox Petroleum, Inc. (FXPT) Geopulse Explorations, Inc. (GPLS) Global Technologies Group, Inc. (GTGP) KMA Global Solutions International, Inc. (KMAG) Mike the Pike Productions, Inc. (MIKP) Mobile Star Corp. (MBST) SavWatt USA, Inc. (SAVW, formerly SAVWD) Scorpex, Inc. (SRPX) Silver Dragon Resources Inc. (SDRG) Strategic Mining Corp. (SMNG) Surgline International Inc. (SGLN) Thrive World Wide Inc. (TWWI) Zamage Digital Art Imaging Inc. (ZMGD) The Commission temporarily suspended trading in the securities of the above-listed issuers because of questions regarding the adequacy and accuracy of information about the companies, including their assets, business operations, current financial condition and/or issuances of shares in company stock.
The Commission cautions broker-dealers, shareholders, and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by the companies.
Further, brokers and dealers should be alert to the fact that, pursuant to Rule 15c2-11 under the Exchange Act, at the termination of the trading suspensions, no quotation may be entered unless and until they have strictly complied with all of the provisions of the rule. If any broker or dealer has any questions as to whether or not he has complied with the rule, he should not enter any quotation but immediately contact the staff in the Division of Trading and Markets, Office of Interpretation and Guidance, at (202) 551-5777. If any broker or dealer is uncertain as to what is required by Rule 15c2-11, he should refrain from entering quotations relating to the above-named securities until such time as he has familiarized himself with the rule and is certain that all of its provisions have been met. If any broker or dealer enters any quotation which is in violation of the rule, the Commission will consider the need for prompt enforcement action.
If any broker, dealer or other person has any information which may relate to this matter, they should immediately contact any of the following individuals:
Glenn S. Gordon, (305) 982-6360 or gordong@sec.gov, Associate Regional Director, Miami Regional Office
Elisha L. Frank, (305) 982-6392 or franke@sec.gov, Assistant Regional Director, Miami Regional Office
Andrew M. Calamari, (212) 336-0042 or calamaria@sec.gov, Associate Regional Director, New York Regional Office
Sharon Binger, (212) 336-0462 or bingers@sec.gov, Assistant Regional Director, New York Regional Office
Do you know how hard it is to sell Expert Market / Grey sheeted stock to investors? Even known dilution shops would not touch EM because there is no liquidity. That is the only reason why dilution was so little. Mark probably sold some shares to family / friends during this past dormant decade.
The one thing on the balance sheet under the equity section is the “Subscription Receivable”. That is not explained anywhere and I am surprised the SEC has not asked them to explain it.
It may have been related to the unsuccessful Arowana offering…but it isn’t clear.
Perhaps he can clear that up as well.
At some point the SEC will upload the correspondence so we will get to see the back and forth.