Mike the Pike Productions (MIKP) surges on company news

Posted on: Wednesday, April 20th, 2011
Written by:

Mike the Pike Productions, Inc. (Pink Sheets: MIKP) jumped one-10th of a cent, or 12.5%, in price to nine-10ths of a cent Wednesday, on 413,500 shares, after releasing exciting news concerning its list of upcoming film titles and projects.

The company said Wednesday that its executives have recently entered detailed discussions with a Film Financing Fund toward agreements to finance a select number of feature films on its motion picture slate. Financing, as discussed, would include up to five features on the company’s slate including development monies for its larger projects, including The Skin Trade based on the werewolf novella by George R.R. Martin, creator of HBO’s mega-series, Game of Thrones.

Mike the Pike CEO Mark B. Newbauer said, “This is a major change in tide for our company and it’s much (attributed) to our strict focus on growth of the Feature Film and Graphic Novel divisions. I am confident that shareholders have a lot to be excited about.”

Newbauer continued, “We have significant items of note to release over the next six to eight weeks toward a consistent stream of activity from both divisions, including news on the company’s recently announced sci-fi thriller with Spoke Lane Entertainment, currently in pre-production.”

The Los Angeles -based Mike the Pike, which also has offices in Fort Wayne, Indiana, develops and produces feature films, graphic novels, literary assets and concert/events. Overall, the studio’s projects are ‘Mainstream Independent’, combining what it calls “a well-structured vision with top-tier talent; challenging current standards while maintaining mass appeal.”

Tags: , , , ,
Category: Penny Stocks, Pink Sheets
no comments
You can leave a response, or trackback from your own site.

Leave a Reply

Your email address will not be published. Required fields are marked *

About Penny Stocks

The term "penny stocks," also known as micro-cap equities, micro caps, small caps, pink sheets, refers to shares in a company that trades for less than $5.00. Most penny stocks trade on the OTCBB market and the pink sheet electronic quotation service. Penny Stocks can be very volatile and can see gains as much as 500% in a day. Volatility in penny stocks is also dangerous because penny stocks can come down as quickly as they go up. If you trade penny stocks based on stock picks, make sure to always do your due diligence on the companies you're considering, use stop loss orders, and book your profits when you are in a position to do so.