Replies to post #59480 on Mike The Pike Productions Inc (fka MIKP)

[johnstock]

Can someone clarify this for me:

If I'm not mistaken, Mark claimed that they didn't have all the needed signatures a couple of times, the most recent being in February during the Sundance Film Festival. The PR says they acquired the company in January. How is that possible without all of the signatures? I see that it says it was signed EFFECTIVE January 23, 2012, which may explain things, but I'm no legal expert. Something doesn't seem to be adding up here for me--can someone tell me where I am going wrong here. My facts may be off, too.

[skyrocketinsight]

We know that the film company has a history of net profit on films and is a low budget film company that is doing well (business wise) on foreign soil.

I think the announcement WAS NEEDED. The stock price may have stayed dormant today, but that doesn't mean that it won't run a day or two later and that is without news. I have seen this happen over and over again in penny stocks, so be ready.

Todays announcement may be a good foundation for any further news.

If anyone sells at these prices after today, there is a marble missing somewhere.

I think todays PR was very very much overdue and I appreciate the news. At least we know that something is happening and not fabricated.

[imiloa]

another thing we haven't even touched on:
how did MIKP compensate SJF for the acquisition?

given that MIKP has no cash, it must have been shares.

how many shares?
preferred shares protected in event of a reverse split? (likely)

last OS check had the OS just below the 2.5b AS.
let's watch the AS and see if it changes...