SPM, re: "A 50 for 1 reverse split is not a 5k for 1 r/s. This is not 2011."
in the interest of keeping it real,
MIKP's 2011 RS was only 100:1,
only 2x the current announced RS.
and in 2011, there was no bump in the AS with the RS,
whereas this year, we have a 5x AS/OS ratio increase
bundled with the RS.
thus, technically, mathematically,
the announced 2024 RS has potential to be
2.5x more devastating to current common shareholders
if mark dilutes to oblivion post-RS, as he did in 2011.
as ever, i agree in the potential for a great run here
on credible production news.
it's the only reason i'm still holding 60m shares
since the RS announcement.
but it seems utterly irresponsible to me
to frame the RS as a "good thing,"
until proven so in the future,
given the history, through which many board members have lived,
including, according to you, yourself.
honestly, i'd feel a bit better about the RS,
if mark had posted a credible biz plan
that included leveraging future dilution
for media/distribution partnerships down the road,
after film production has added intrinsic value to the ticker.
but mark has refused to publicly discuss his motivations for the 5x AS increase,
despite being asked multiple times.
which, imo, should leave us all speculating about his intentions
rather than shrugging them off as a "good biz decision for growth."
aka: the old maxim of history repeating
when people fail to grok history.
thus, as ever, i hope mark does post compelling production news soon
and that he doesn't dilute us to oblivion post-RS, as he did in 2011.
and i have 60m reasons to hope for that outcome.
but, as before, imo, if your gamble here pays off as you anticipate it doing,
you will have been lucky, not savvy. 😉
time will tell, as it always does.
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