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timetomakemoney

09/17/12 3:42 PM

#73395 RE: Kop #73393

Since MIKP will go to the Grey Market, how will this effect future funding for Skin Trade?
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Cassandra

09/17/12 4:35 PM

#73418 RE: Kop #73393

Three of the stocks suspended today were clients of Fairhills Capital: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=79639124

Another one is a client of another company that did the same kind of 504 financings.
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imiloa

09/17/12 5:22 PM

#73450 RE: Kop #73393

fwiw, i've had a few stocks go grey over the years, and watched many more go through it.

on the 28th, the suspension will lift, and MIKP will trade in the grey sheets, where there are no market makers actively posting bids and asks. technically, all of our shares still exist, and we can still trade. but placing orders will be a shot in the dark, and may require manual broker assistance, even if matching trades exist in the ether.

to get back to pink status, Mark needs to petition market makers to represent the stock again.
if Mark has a credible explanation for the suspension, and can pitch a good case for future volatility (aka: MM profit-cycle opportunities), then the MMs may get MIKP rolling again.

only time will tell. and sadly, the MMs have many other stocks to play with.

being able to post revenue (ie: a single SJF film sale from AFM) should increase the odds of MMs wanting to trade MIKP again (they profit nicely in momo rallies).
but no telling when that sale will come.

honestly, if i were Mark in this situation, i'd make the effort to petition the MMs, but if none stepped up, i'd refocus on growing the company into one worth petitioning for a higher OTC or Nas status in 2013.

btw, i'm traveling, so haven't read all the posts here yet.
just posting this info in case someone else hasn't already.
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JPS02

09/19/12 7:08 PM

#74103 RE: Kop #73393

Hi Kop, I know this is a tough time for everyone involved with MIKP, especially you, but I just wanted to thank you again for all of your hard work and how far you have helped Mark bring MIKP along. What happened is out of our control and it so discouraging to go through.

Your effort and time is much appreciated and although it will take a while for the stock to catch up again to realize the frutis of yours and Mark's efforts, I want to let you know that we are still here as shareholders and we recognize your contribution so far to MIKP.

I am not sure what your plan is but I hope that you stay on with MIKP like you planned for the 1 year. We value your contributions.

Thanks again,
J.P.