Replies to post #30197 on Mike The Pike Productions Inc (fka MIKP)

[KrakenTaken]

No that is a great question, to uplist is to move off the pinks to another market example OTCBB, Nasdaq, AMEX, NYSE, also we should be hearing about our co production of Dresden Sun soon, maybe as soon as tomorrow. That would be enough to garnish a full page article in the Reporter or maybe Variety, I have a few people working in LA as producers, indie directors and assistants so I will be the first to hear about the article, like I was with the Hollywood Reporter article, I got the text hours before this board knew and I was the first to post the news on the board as well :-)

[kermit42]

The following is the general reality of the Pink Sheet stock exchange and for different reasons we think PINR has the potential (but only the potential) to be that rarest of all pink sheet things, a diamond in the rough--a real company.

There are many stock exchanges and Pink Sheets is second from the bottom. It is for "non-reporting" companies. The Pink Sheets exist for small companies that can't get bank financing. It's purpose is to create a platform where companies can sell shares to raise money--it is all about dilution. But in order to sell shares, the company has to generate interest in the stock. It does that with email spam, paid promoters, and PR campaigns.

They are the stock equivalent of the "liar loans" that helped get mortgage companies in trouble--CEOs say whatever they want and because they don't file and they protect themsleves with "forward looking statement" disclaimers, the SEC generally doesn't care. Nobody checks and there is virtually no shareholder protection here. Every experienced trader assumes most of what CEOs say is a lie.

In the long run, virtually all pink sheet stocks become worthless, but along the way they gyrate wildly and give the quick an opportunity for gains unfathomable in other markets.

There is one more dirty little secret of pink sheet stocks it is dangerous to forget: the company is not the stock. What is good for one is not necessarily good for the other. Success for one does not necessarily mean success for the other. Most of these companies fizzle out, don't even go bankrupt, just go dead, fall to nothing. By the time a company that makes it makes it, it has about 20 billion shares outstanding and will give itself a clean start in the market by doing a huge reverse split, wiping out all early adopters. We are those early adopters and it is almost unheard of for a long-term holder to win (I've been holding PINR for over a year, many people consider a week to be too long).

We believe PINR has the potential to be something more, but this is the cesspool Mike the Pike Productions swims in. If it wants respect from the general pool of stock investors, it must move to a higher exchange (uplist), one with stricter reporting requirements and more reality checks.