Replies to post #79733 on Mike The Pike Productions Inc (MIKP)

[imiloa]

per 2010 PRs, WS was financed primary by third-party investors, thus MIKP only have 33% stake in back end profits.

re: 10Q shareholder equity, as i recall, MIKP equity has always been based on Mark's perception of asset value of WS, SpokeLane, SJF IPs.

re: liabilities, per filings, MIKP has several promissory notes comprising the $714k debt.
with Kop's help, MIKP reduced debt mid-2012.

on WS sale, i would expect Mark to pay off the remaining notes to be debt-free.
but he might just roll it all into Skin Trade production.
only Mark can say that, and i wouldn't bank on his answer until he actual spent the money on one or the other.

[jefrank]

If you knew anything about the past of this company you would know there was no cash exchanged in your assumed debt buy back. He did not pay anyone back the debt was supposedly just washed away by the supposed lenders (marks friends and family who were holding shares and dumped them when the price started rising. The shares they dumped stopped the price from rising this is when many of us sold when we say shares being dumped out of the sky. The share reduction was a scam to they were into the treasury. Why do you own MIKP? You seem to know nothing about it. There was no real share reduction or no real debt reduction it was all a big scam to raise the PPS so they could dump. So when the PPS went from .0002 to sky high it raised a damn red flag with SEC why can't you understand they shut down the scam.