Replies to post #104280 on Mike The Pike Productions Inc (fka MIKP)

[Granier]

Its in the form 10/12/a - "he Company also has an 11.3% stake in net profits to the film “Beyond White Space”, which is anticipated to breakeven this year. The Company was a financier on the film, and its principal, Mark Newbauer, a producer on the film which enjoyed a theatrical release in December 2018 and is now streaming on various platforms. It is distributed by Vertical Entertainment and the trailer can be viewed here:

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[Nikodemos]

$MIKP filing says:

THERE ARE NO REVENUES!! For the ENTIRE COMPANY! And NEVER has been, for over 13 YEARS NOW!! What is being "bought"? The promise of IP coming to "fruition"?

[] Their LAST movie still hasn't made A SINGLE PENNY in profit!
[] Not a ONE red cent!
[] And after ~13yrs, George RR Martin IP just .... VAPORIZED!! Poof... Gone Baby Gone!!


HERE, $MIKP, in their OWN WORDS:

NOTE 2 – GOING CONCERN ANALYSIS


The Company was incorporated on August 5, 2009 and has not generated significant revenues to date.


During the three months ended March 31, 2023 and 2022, the Company had net loss of $8,099 and $689 respectively and no cash flow from operating activities of.


As of March 31, 2023 and 2022, the Company’s cash balance was $0.


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.

https://www.otcmarkets.com/filing/html?id=16757610&guid=q9D-kqiUCyhvJth

Filing also states they EXPECT that title to be profitable by the end of the year!! So, FOR NOW, 11% (profit-share) of NOTHING is still.... NOTHING!!

Kinda like this recent audit!
[] They audited NOTHING!
[] HAVE made NOTHING SUBSTANTIAL!
[] NOW they get MORE EXPENSES as the ongoing audits will cost MORE TIME, MONEY, ENERGY, & SHARES...
[] The CEO gets to spend MORE MONEY on regulations, filings, audits, etc., MONEY HE doesn't have...

So here comes the 3rd-party financing: aka MORE DILUTION!!


BTW, the LAST TIME this CEO was Pink Current (in 2010) he FIRED OFF ~110,000,000 (ONE HUNDRED TEN MILLION) SHARES per month! That was his BURN RATE!!

This POS has been dormant, on greys, was SEC SUSPENDED (ALREADY) for STOCK FRAUD, & now it's PINK CURRENT again but with; 5,100,000,000 (FIVE BILLION ONE HUNDRED MILLION) AUTHORIZED SHARES NOW!!

Gitty-up!!

I think they also EXPECTED George RR Martin IP to progress (& cash) after 13 years! DIDN'T HAPPEN either! That IP isn't even in the FILINGS! We should ANTICIPATE that its' GONE too & kiss that IP goodbye I guess? Just like the pps....



IP Journey means ~2,750,000,000 PLUS ~150,000,000 restricteds are likely to be OUT before monetization &/or ANY SCENT of profitability....


A fully diluted Market Cap of ~$5,100,000.00 at current prices & FOR WHAT? Folks can CLAIM ALL THEY WISH that IP content will be leveraged with shares. PROBLEM is MONETIZATION is so far out, & SO MUCH has to GO RIGHT that... The A/S will be IN THE O/S before the company demonstrates ANY REGULAR CASH worthy of a $5,100,000.00 or more valuation!!


JUST THE FACTS PLEASE!!




$MIKP