FORT WAYNE, Ind.--(BUSINESS WIRE)--Mike The Pike Productions, Inc.(OTC: MIKP)(www.mtpprods.com) announces that its Board of Directors has approved a 1-for-100 share consolidation, or reverse stock split, for MIKP that will become effective with the opening of trading on March 3, 2011.
The Board has also effected a significant decrease in the company’s Authorized Shares to 1 billion.
“The primary objective in effecting a reverse stock split at this time,” states CEO Mark B. Newbauer, “is to restructure the company’s stock in line with its corporate objectives and market integrity.”
Alongside this action, the company has a clearly defined agenda toward collective benefit for the company, its projects and shareholders alike, to include for Q2 2011:
- A strategic press release strategy in line with company benchmarks
- Identification and settlement of all company debts
- Obtainment of Valuation on MIKP Assets
- Executive Attachments including CFO & COO or SVP in addition to consultants with strong industry background.
- Secure Additional Board members with expertise in Finance and Motion Picture industry sectors.
“We are sincerely thankful for the continued support from long-term shareholders and for the guidance from our consultants with The Nuemark Group as we launch necessary initiatives which have been a long-time coming. Q3 initiatives will include preparation for SEC filings with SEC Form 10 and will mark the beginning of the first quarter in the company’s history to file EDGARS 10-k, 10-Q and 8k toward an uplist to OTCQX or BB.
An email from FINRA OTC Corporate Actions to MTP yesterday states:
Please be advised that FINRA has received the necessary documentation to announce the 1-100 Reverse Stock Split for Mike the Pike Productions, Inc.
This corporate action will take effect at the open of business 3/3/11. The new symbol on this date will be MIKPD. Please note that the "D" will be removed 20 business days from tomorrow.
Safe Harbor: This release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Statements contained in this release that are not historical facts may be deemed to be forward-looking statements. Investors are cautioned that forward-looking statements are inherently uncertain. Actual performance and results may differ materially from that projected or suggested herein due to certain risks and uncertainties including, without limitation, ability to obtain financing and regulatory and shareholder approvals for anticipated actions.
MTP Producers Ryan Colucci, Beth Newbauer and Mark B. Newbauer present: George R.R. Martin’s THE SKIN TRADE: From the best-selling author of the Song of Ice and Fire series comes this white knuckle chiller with a string of unsolved murders immersed deep in lycan lore : When a series of grotesque killings strikes her small hometown, private detective Randi Wade becomes suspicious. The grisly murders remind her all too much of her own father's death nearly 20 years ago. Now there is a killer in town who not only slays his victims, but also takes their skin. Undaunted, Randi takes the case head-on as the murders continue, each more brutal than the last. When a close friend suddenly becomes a target, he is forced to reveal a startling secret about himself and Randi is quickly pulled into a dark world within her own town where monsters do exist and even they have something to fear...
MTP & Horseplay, LLC present: HORSE - a wild ride through the streets of Ft. Wayne on a night no one will forget…if they live to remember…as they take part against some not-so-friendly parties on the prowl for a missing bag of Heroin. It's a race against time for a club-owner, a drug mule, two college kids and a sadistic Irish kingpin in from Chicago to reclaim his stake. SHOOTING 2010/2011 ON LOCATION IN FORT WAYNE, INDIANA!
Mike The Pike Prods + SpokeLane Entertainment = SPOKEFISH ENTERTAINMENT
A concept-to-finish Graphic Novel publishing banner developing high-quality, compelling stories with the world’s top writers, artists & more! Stay tuned for information on the SpokeFish slate including: Chasing Rabbits, R.E.M. and Bulderlyns…
FOLLOW EVERYTHING MIKE THE PIKE: UPSTREAM on TWITTER: $MIKP www.Twitter.com/mtpprods
MOTION PICTURES, GRAPHIC NOVELS, LITERARY ACQUISITIONS & more : Want to know what MTP Prods is all about? Check out www.mtpprods.com