Replies to post #62264 on Mike The Pike Productions Inc (MIKP)

[lbdave]

My point is this: The fact he released via PR today the he was decreasing the A/S to 2.8 billion is completely irrelevent in the grand scheme of things....well that depends on what the scheme is. He can, at any time he wishes, increase the A/S to whatever number he desires.

Mark has stated he increased the SS in March to have leverage for aquisitions or other uses if necessary. Now, why would he decide to reduce it at the demand of shareholders other than for the purpose of increasing the current short term share price. If St. James sold a film, what's mikp cut of the deal? Now, if he sold White Space and the cut is substaintial, maybe todays PR makes sense....but I doubt it. Like I said...Play the pump, but make sure you are out of the game when the music stops.

[alj14]

That's a good reply, Abc123otc, and you have set the legal record straight, but I would like to add that CEO Mark Newbauer has neither the least intention, nor the least desire, to raise the A/S, O/S or float from their current levels. That makes any conjectures about increases in them no more than an abstract exercise. Besides, if any doubts remain on this point, the doubter could easily make the effort to listen to the second STT interview with care and attention.

This is true, to my knowledge; however, the company would have to file for unlimited A/S and the TA would have to report it as such or be gagged- neither has ever been the case with this company as far as I can tell from filings and a phone call to TA (Madison)