Replies to post #76009 on Mike The Pike Productions Inc (fka MIKP)

[FiduciaryDuty911]

One of their goals was to reduce shares to 1.5 bil by end of year or around there.

[sheriste]

Right, but that was under much different circumstances while the share price was much higher and going up. The opportunity is in the fact that they could purchase shares at a fraction of the price we were previously trading at.

[timetomakemoney]

I have to agree with KOP and you. However that's when we were trading at .002 or better. Now that we are trading at .0003, the company may reconsider. Remember Kop target for OS/AS was at 1.4 to 1.5 million shares.

[skyrocketinsight]

It would be the perfect time for MIKP to buy up shares if they had some knowledge that they were getting off of the grey sheets. However I can see your point. It would not really increase the share price much as this massive grey cloud is preventing any sunshine from getting in.

It is the massive ServeNation cloud (Marley's ghost).

[imiloa]

just saw this post, after posting the same sentiment in reply to earlier post.
agreed that buyback is not a priority, unless Mark had extra capital available.

$1b shares @ 0002/0003 is $200k-300k.
at SJF film budgets, they could start another new film for that amount.
and if the company started buying in 8-9-figure volume, the price would likely rise a bit, increasing the buyback cost.

nutshell, while it could make sense for Mark to buy cheap shares for his personal account (after a form 4 filing), i'd prefer MIKP, the company, focus on film dev & sales, rather than share reduction for now.