Replies to post #110195 on Mike The Pike Productions Inc (MIKP)

[delerious1]

Every penny stock that I have ever traded has had potential at one point or another or else I would never have bought it.

The problem usually is when the company runs out of money or time and then makes the wrong decisions.

That seems to be the case here....he is caught up in bad advice and thinks that a Reverse Split done with potential news and changes will move things along in the right direction.

I don't believe it will succeed, the odds are against it, that's why I got out....been burned too many times.

Institutional investors involved in these things never lose. They hedge their bet, set bench marks for the company, and usually release funding in tranches based on performance and the ability of the company to meet the requirements of the agreement, post split. If the company fails to meet those requirements there is a penalty .

Not sure how Mark is allowing them to set this up , but regardless, the statistical info on sub penny stock split succeeding is likely dismal.

Just my opinions but I have been thru many of these and not 1 has ever succeeded

If possible the new share format will be attacked by shorts because now the company has just opened it up for shorting and those shorters know how to take advantage of it and are also aware of the chances for the stock to succeed.

Another thing about reverse splits is that as soon as the intention is announced there is a huge negative impact to the stock and a change in the kind of shareholders that stay. The risk has just jumped.

Many shareholders that stay will find the need to defend the company and justify and support the split.

I am hanging around to see if things work out okay, and I hope they do.

Good Luck

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[imiloa]

SPM, re: "My belief is that the stars have aligned here to allow the company to execute their plan without the toxic note route."

mark already took on convertible financing (aka: toxic note) last august.
$50k convertible debt to john neville,
which is due feb 8th.

it's in the filings:
https://www.sec.gov/Archives/edgar/data/1550222/000118518523000902/ex_563523.htm

seems unlikely mark will have $50k in cash 7 weeks from now,
so neville will have the power to force dilution then.

[imiloa]

SPM, re: "Why is the ratio what it is? Likely because in the big picture at some point Mark sees himself needing it."

if mark had specific plans for partnerships, etc...
that would certainly make sense.

but you sidestepped the core of the question i asked you:

[[ why do you think mark is willing to write several paragraphs
explaining why he thinks the RS, uplist, etc.. are important,
but completely avoids the topic of the ratio increase? ]]

spelling it out,
if mark is bumping the AS for future biz deal plans,
then why wouldn't he just say that openly?

instead, he has answered every question but the AS bump question
despite my asking several times.

thus, the core of my question to you,
which you haven't answered:

why is mark avoiding discussing the AS bump?
what does that imply about his actual motivations for the AS bump?

[imiloa]

SPM, re: DFCO vs MIKP comparison,
i never tracked DFCO, so i have don't know what parallels you see therein.
but i have tracked MIKP since its inception in 2009.
and in all that time, mark has not capitalized on IPs,
and has sprung a surprise RS, into which he rapidly diluted,
with no tangible progress on any biz plan.

that's the data we have on the table.
i get that you don't feel it's relevant this time around.
and, honestly, i hope your assumption is correct.

but it seems prudent to recognize
that you are making an assumption
that defies 14 years of empirical history.

again, my only real point here
is that you seem more confident in mark having changed his stripes
than seems rational given the evidence.

and, given you don't seem to have known about the neville toxic note,
maybe you aren't reading the filings closely for full DD?

all that said, i'm still holding MIKP, myself.
and i do believe mark will at least try to get film production rolling next year.
but since the RS news, my perception of odds of the gamble here
has significantly changed.