Replies to post #107319 on Mike The Pike Productions Inc (MIKP)

[Iron heart]

$MIKP

$MIKP new website looking amazing!!! excited to share once completed. Get ready for an epic new beginning for Arowana and Mike The Pike!!!!

— Mike the Pike Entertainment (@MTPPRODS) August 24, 2023

[imiloa]

fwiw, the aug 9th tweet asserted "no toxic notes"
2 days after the signing
of the convertible debt agreement with neville,
as cited in the 10Q (inlined below).

neville's $60k note (%50k + 20% interest)
can be converted into 150m shares in 5.5 months (feb 8th).

150m is only 7% of the current OS,
but, technically, convertible debt like this
is the definition of "toxic debt,"
given neville could dump it opportunistically,
tanking MIKP stock.

fwiw, in balance, i'm not sweating it personally.

as ever, i'm here for the potential run
on _wish_ production getting rolling.

and even if neville dumps all 150m shares into a momo rally,
that might only be 2-3 days of daily volume at the time.

to point, MIKP has traded 78.5m shares (over half of 150m)
in just the past 2 days,
and that's simply due dumping, then loading,
across the filing hiccup.

time will tell how it plays out.

just seems best for all involved
to grok the full playing field.


[[ Principal Amount: $50,000 Issue Date: August 7, 2023

PROMISSORY NOTE

FOR VALUE RECEIVED, MIKE THE PIKE PRODUCTIONS, INC., a Wyoming corporation (hereinafter called the “Borrower” or “Company”), hereby promises to pay to the order of John Neville (the “Holder”) the sum of US$50,000.00, together with any interest as set forth herein, on the earlier of the first closing in the contemplated Regulation A offering or Six (6) months following the issuance date of the Note (the ‘Period”), whichever occurs first (the “Maturity Date”), and to pay interest on the unpaid principal balance hereof at the rate of twenty percent (20%) (the “Interest Rate”) for the Period , whether at maturity or upon acceleration or by prepayment or otherwise. ]]
https://www.sec.gov/Archives/edgar/data/1550222/000118518523000902/ex_563523.htm


[[ Mike the Pike Entertainment @MTPPRODS
$MIKP Biker IP was acquired without dilution, and was funded by CEO.
As previously promised, there is no open market dilution,
no toxic notes, and we are just getting started! 🚀✨🔥
2:23 PM · Aug 9, 2023 ]]

$MIKP Biker IP was acquired without dilution, and was funded by CEO. As previously promised, there is no open market dilution, no toxic notes, and we are just getting started! 🚀✨🔥

— Mike the Pike Entertainment (@MTPPRODS) August 9, 2023