Replies to post #59458 on Mike The Pike Productions Inc (fka MIKP)

[imiloa]

emz, how long have you been following MIKP?
how many of Mark's PRs have you seen, only to watch nothing come of them?

if you'd been watching over the past several years, you'd know that, statistically, based on Mark's track record, the odds of the acquisition being anything more than hype vaporware were slim to none.

if you need evidence, just scan the MIKP PRs on ServeNation.
start with the projections Mark posted in 2010 for SN having net profits of $6m in 2012, then $15.8m in 2013.

while you're at it, browse the PRs about the series of concerts, then MMA events, MIKP was going to produce. net result: one small concert that a headliner pulled out of, and one MMA event.

from that perspective, it seemed prudent to assume the "acquisition would fall thru" as have all of Mark's other ventures prior to White Space.

as noted in my post, i'm still working to confirm the St James acquisition isn't just a quick website (note "Just another WordPress site" in the HTML title of http://saintjamesfilms.com/) and few IMDB links to unknown films.

[wEaReLeGiOn]

This "movie company" was only formed in 2008, so Newbauer's assigning it a "no brainer" in terms of proven income and all that crap, is just that. One of the principals got his start in porn, and a couple of these movies are soft-core porn.

The former principals are free to continue their careers (such that they are) by forming another production company, and MIKP (however this acquisition will be folded in) will receive income from further distribution of the present properties (such that they are).

The question is the actual cost of this acquisition to shareholders as opposed to the income that can be generated. We know that Newbauer claimed the recent Authorized Share hike was for the purpose of this acquisition, but we don't know precisely how many shares, or how the shares will be distributed (restricted or free-trading). I suspect that because there are virtually no common shares left in the MIKP coffers, that another reverse split is in the making, seeing as how MIKP is currently in the triple zeros. I also expect Newbauer to launch into another NR campaign of why a reverse split and dilution is good for the long-term benefit of shareholders, when it's really only good for Newbauer's ATM purposes.


time will tell, as it always does...