Saint James Films acquires International Rights to Supernatural Thriller, ‘Nightscape’

 

Nightscape poster

 

Mike the Pike Productions, Inc. ($MIKP) subsidiary, Saint James Films, LLC (SJF) is pleased to announce that it has secured the International distribution rights to David W. Edwards’ supernatural thriller, ‘Nightscape’ .  The film hits worldwide markets at next week’s Cannes film market (Marché du Film 2013) via our distribution partner TomCat Films, LLC. The deal includes a 50% equity stake in net sales for SJF.

We are thrilled to license this property as part of our offerings at this year’s Cannes. It’s a fast ride filled with visual effects and plot laid out nicely over an energetic electronic score.

SJF will be represented by TomCat at the world’s largest film market this month with Nightscape and 11 other titles including Lizzie Borden’s Revenge, Attack of the Jurassic Shark, Captain Battle, etc.  The Company has also partnered with various producers to ensure increased volume in production on projects for worldwide distribution and an ever-increasing SJF library.  What I’m truly thrilled about is that number.  We only started producing and acquiring films in January of 2012 and just over a year later we’re looking at a dozen titles.  As this number continues to increase, we’ll soon see self-sustaining revenues for the company and inevitable momentum in company growth and brand recognition.

Mike the Pike Productions is a USOTC publicly traded feature film, television and graphic novels production company currently working on titles such as White Space and The Skin Trade, from George R.R. Martin, the world-renown author behind HBO’s Game of Thrones.  It is currently trading in the Grey Market and we’ve secured a market maker in Southern California that has filed a Form 211 with FINRA toward reinstatement to the Pink Sheets. The process hasn’t exactly been smooth sailing, but it’s overall encouraging to see that our market maker is optimistic regarding our potential for reinstatement.  Our last submission to FINRA included LOIs, Contracts, emails, service agreements, letters of explanation and then some, substantiating each and every claim and statement made via press release by the company since early 2010.

It’s quite a bit to go through and was initially reviewed by our market maker’s compliance department prior to submission around 3 weeks ago.  My hope is for a timely response there, but there’s no indication as to when they will answer and if that answer will be final or a request for more information.

That said, we will be making regular announcements via blog or press release until that decision and hope that shareholders will follow us on Facebook:  www.facebook.com/MTPfb for frequent updates as company social media has now been deemed acceptable by the SEC as a dissemination portal for company information.

LUCKY NUMBER 7: George R.R. Martin named in Hollywood's Top 25 most powerful authors

GREAT NEWS!!!!  CONGRATULATIONS TO GRRM and his manager, Created By’s Vince Gerardis, on a well deserved accolade here.  Not too shabby for Mike The Pike either as we’re actively developing www.theskintrademovie.com based on Martin’s World Fantasy Award winning book…

It was the best of times, it was the worst of times…

That pretty much says it all for me right now, outside whatever Mrs. Southcott and the cock-lane ghost were up to.  Monday morning, September 17, 2012, I was notified that trading on our company had been suspended by the SEC for a period of 10 days.  This, after the best year the company, and its stock, have had since inception… reduction of authorized shares, reduction of outstanding shares, reduction of debt and liabilities, with an increase in project flow, increase in revenues and increase in overall shareholder value.

I called the SEC immediately in hopes there was a mistake, but my call was met with an outgoing message system.  I began reading the statement they made that morning: http://www.sec.gov/news/digest/2012/dig091712.htm and realized they had concerns about what they believed to be discrepancies in our financials, press releases and ‘touting’ of the stock.

I finally received a call back and was told casually, in a very friendly manner, that the SEC wanted to notify us that we were suspended, that there are no allegations, no accusations and that it was for a definite, not an indefinite period of time: 10 days, after which we will resume trading.  Is this a punishment I thought?  Over a concern?  I asked what I could do to provide explanation or material for due diligence on their part to quell any concerns.

They simply said, “you’re attorney can call us if you like, we’re not asking you to do anything; this is a 10 day self-terminating order so there is no remedial procedure.  It is simply an expression of SEC concerns.”  Self terminating order?? And then everything is fine??  So I hung up in a state of bewilderment.  This can’t be?

So our attorney did call, and prior to, I implored, again  via email to my atty: “I’m wondering– perhaps you should ask them— I wouldn’t do this without them, but WHAT IF, we were to address all of their issues in a press release– perhaps if they feel investors may be under false pretenses for whatever reason, we can clarify each and every issue in a public statement to clarify?”

I was told again, that they did not want clarification, there are no allegations, accusations or findings as such, only a “concern” that they felt warranted a suspension and dismissal into the grey sheets.  Whether it simply didn’t hit me yet, much like the delay I sometimes have between a relative or close friend dying and an outpour of emotion or maybe I just wasn’t able to take this as a serious concern due to the fact that I’ve done everything I can to ensure we are dotting our ‘i’s’ and crossing our ‘t’s’ with an allegiance to shareholders and the company for sustainable, long-term growth, doing something not many, if any, have achieved in the pink sheets as far as I remember.

This must be serious for the SEC to authorize an act that would potentially shatter investor confidence and liquidity in one fell swoop. But what?

From my attorney shortly after– FINALLY, a list of concerns I can address!  What possibly deems a potential devastation of shareholder equity, let’s find out:  (my responses to atty in italics)

Mark, Here are some of the issues that he highlighted:

There were questionable internet activity and concerns about  PRs from Decemebr 2009 to February 2010.  As an example, on January 21, 2010, you put out a PR stating that you are expecting revenue of $100 million by 2013.

 They are referring to this release:  http://markets.hpcwire.com/about/news/read/11565026/mike_the_pike_productions_new_media_announces_servenation_revenue_projections  These are actual revenue projections that have been reviewed by Discover Card and First California Bank prior to our approval of ServeNation by First California Bank and reviewed by Discover Card for a National Card program.  These are also conservative projections.  They have not yet materialized because we began focusing on the film projects, etc. and have not yet raised the collateral reserve necessary to implement the program.  I stand by these projections in terms of what the program will generate, simply that it’s been on the back burner and we’ve been very clear with shareholders as to that fact. 
There was also heavy touting in the stock-  Not sure what qualifies as heavy touting…Strategic focus, reduction of debt, reduction of shares and continual acquisition/creation of assets- please do make note of the strides we’ve taken thus far.

They also had specific questions concerning your financials from 2011.  I would have to know what those are?

He did not know whether we’d open up on the Grey.  omg please no.

I found later that the specific questions concerning our financials from 2011 was that in 2010 we listed our liabilities with interest rates…. in a report in 2011 we did not add the interest payments to the principle.   This was the concern?? I will happily address as, yes, this was a serious, but honest bookkeeping error on my own part.  One I would happily retract and re-file.  I then found that, yes, indeed we would go to the grey sheets.

It’s my OPINION, they were being coy at the very least in their claims to ignorance about the grey sheets as I suspect they know full well the process and where it will take our company and its shareholders.  Do I have a strong opinion here– Yes I do.  I feel the SEC is looking to rid the public markets of non-reporting companies.  I believe they are considering all to be guilty until proven innocent assuming the mice will be separated from the men here, with many mice scattering for the door or resting complacently in a nest known as the grey sheets.  They have been both vague and overzealous in their ‘concerns’ and potentially wiped out shareholders of millions of dollars of potential equity in a current information company making strides like never before.

That said, I understand and respect their end result.  These markets NEED an enema, to paraphrase Jack Nicholson’s Joker. But I am confident, removing myself and my ego from the situation, we are NOT one of the companies that deem this type of casual dismissal.  It’s sad that, if I’m correct, they’ve taken to Machiavellian measures to both rid the markets of non-reporting companies and also to justify their own existence.  Harsh words, maybe.  But if after this, they’ll give me anything, I hope its the free and clear right to my opinion.

Alas, we are not mice, but men, all of us and those with us, and I am working pro-actively to remedy this situation to the best of our abilities.  If anything, frankly, this is the last straw for me in terms of operating on the pink sheets as a non-reporting company, but it will remain a stepping stone against my wishes to get us where we need to be in what I hope to be a brief remedial period.  That said, though I’ll never say ‘Thank you!” to the SEC for this, I consider many things to be a blessing in disguise.  If you are good, the world will be good to you, it’s always been my firm belief.  I take lemons and I make lemonade.  And we’ll continue to be making sweet, thirst quenching lemonade despite the current speed bump here.  We will re-evaluate SWOT analysis and goals in terms of both company and its stock. We are pro-active, not re-active as a friend expressed today.

Along that line, we have actively engaged in discussions with a market maker who has expressed verbal willingness to sponsor us with a 15c211 pending a DD package I am preparing for review.  This process may or may not materialize.  It can take 60 days, it may even take 6 months.  The goal being to be sponsored back on to the pink sheets at which point we’ll begin preparing an S-1 to file for BB status.  It’s at this stage that we will continue to work toward building our assets and industry position toward an uplist to AMEX or a similar exchange.  Like it or not, all involved, we will have to restructure the stock at some point as a result.  I was asked recently if we would promise not to restructure the stock for a period of 5 years.  I wanted to slap someone.  We are a growing company.  I am confident our long-term holders will be rewarded beyond their (realistic) expectations and I hope those that are serious in helping take us to the next level continue to reach out, support and assist with constructive advice and useful introductions.

That said,  this is for real.  Grab your life vests, put on your seat belts, or bolt for the door— and I think there’s a lesson to be learned here, though I’m not giving advice, recommendations or otherwise, but please, please, in these markets, do not invest, trade or gamble any more than you can afford to lose, no matter how strong the company as I believe Monday is pudding proof that anything can happen–and to anyone.

And I’m not tooting my own horn here, but I’d love to, in an alternate universe, have an outside qualified committee to review anything and everything we have done– our mistakes, our achievements and what not, as I can’t see anyone, the cheerleaders nor the skeptics, deeming THIS company, THIS issuer, a 10-day suspension resulting in the greys.  50 shades indeed…..They are the S and we the M for now, but I’ll continue to fight for us through to the pinks.  I am only writing this because I feel it is possible based on our conversation today with the market maker and, from there, we go fully reporting.  I will not puff my chest, I will not waste time and resources fighting Goliath.

I will use what’s available to me  to get us through this proper while continuing to develop what will become a competing mini-major, acquisition contender…with announcements forthcoming on additional projects we are taking to AFM, our progress on George R.R. Martin’s The Skin Trade, our effects driven sci-fi thriller, White Space and, yes even more I haven’t even touched on just yet!

Thanks to those that have reached out to support.  And to those that revel in our temporary setback, you can go F

Saint James Films Acquires Worldwide Rights to Bloodthirsty, Bikini-Babe-Eating 'Jurassic Shark'

Read Today’s Press Release

Image

This is our second film acquisition this year and we’ve recently entered negotiations for at least two more films in 2012 for the Saint James Film Slate and Library!  Moving forward like the Tortoise against the Hare and I’m thankful for a good handful of long-term shareholders that have taken the time to understand our vision moving forward.  It won’t be but next thing we know it and realized revenues will further expand our company’s reach and position.  It’s movies like Jurassic Shark, as part of a business model in Saint James, that will expedite our opportunities and strategic benchmarks for Mike The Pike Productions.  I cannot tell you how excited (and honored) I am to be working with Vince Gerardis and George R.R. Martin on our next game-changing endeavor, ‘The Skin Trade’.   We’re currently finishing up the script for review with GRRM himself, then working with Vince to package toward what I feel will lead to success in so many ways.

As well, I’m thrilled to be approaching AFM where we’ll begin to realize opportunities for this project, our Saint James library and effects driven sci-fi thriller, White Space.   Thanks again for the opportunity to work toward making Mike The Pike Productions a mini-major contender, as I will continue to do each day with passion and a focused strategy.

Lizzie Borden Hacks her way into The Film Catalogue for this year's AFM

 

It’s listed as in ‘pre-production’ but we are currently in post-production on the project FYI….look to wrap it up in the next few weeks!   Again– More movies…More revenue

 

 

More Movies…More Revenue

Thrilled about today’s release (last post) regarding our acquisition of Blood Rites (http://www.bloodritesmovie.com) via wholly owned subsidiary, Saint James Films, LLC — Aside from the fact that the film is a well made, inspired piece of grindhouse/genre goodness, it signifies a major evolution for Saint James Films as a whole.  Why, you may ask?  How is this film different from the others on SJF’s slate for 2012.  We’ve got Captain Battle: Legacy War, Agent Beetle, Lizzie Borden’s Revenge and more on their way to add to our assets/titles, so why is ‘Blood Rites’ so special?

Well, here it is– Blood Rites was not produced in house by Saint James Films–  it also wasn’t financed by Saint James Films, LLC– that saves two things– money and manpower– neither of which we had to exert to assure a quality finished product with exponential revenue potential.  But we do get to MAKE money with it, partnered with the film’s producers, who now have International Distribution on their project with a producer-friendly arrangement in which both parties win accordingly.   So now, thanks to the work of SJF execs, we have a streamlined ability to pick up quality, saleable product, without any of the burden of budget or project management, all the while effecting similar ROI scenarios.  So imagine this on a larger scale as we continue to grow.  Saint James is producing 5-10 of its own films this year, possibly 10 or more next– all the while, acquiring quality projects from accomplished producers and up-and-coming filmmakers for a win-win, creating a multiplier effect on our output.   The potential here is substantial as it positions the already successful business model for precipitous growth in terms of both revenues and title assets in its film library.  SJF is a numbers game.  We don’t make “Marvel: The Avenger’s” returns in terms of numbers.  But we do, in fact have similar ROI.  More Movies. More Revenue.

Very different from our Mike The Pike Productions slate, such as George R.R. Martin’s The Skin Trade or White Space, both of which hold tremendous potential for brand prestige, position and impressive returns.   At the same time, they are very much the same, simply that they operate in different realms– as always, the overall model is that SJF provides consistent near-term revenues, while MTP prepares itself to bask as the next  Summit or Lions Gate Entertainment… Summit, of course was acquired by LGF recently for $400,000,000.   Not bad– and all justified by one little franchise called Twilight, based on a well received book….Lion’s Gate of course found its first footing with 2000’s ‘American Psycho’.  Sounds like a familiar scenario, doesn’t it?  A well received author under option by a budding film company turns out, arguably, two of the most successful mini-majors in the history of film.

Shareholders-  to really get a feel for how powerful the low budget/microbudget model can be in supporting our more ambitious efforts– PLEASE I ask you do just a little bit of ‘homework’ — here’s a few reading assignments:


  http://www.firstshowing.net/2010/paramount-launches-micro-budget-division-insurge-pictures/

  http://www.carseywolf.ucsb.edu/mip/blog/5-things-know-about-trends-independent-film

http://en.wikipedia.org/wiki/Low-budget_film

http://www.variety.com/article/VR1118036708

MIKP Q2 FINANCIALS

Shareholders– It is with great pleasure that we announced today our DTC eligibility reinstatement.  I was hoping to deliver a second boon in   the form of our posted Q2 financials by midnight tonight and, though the financials are completed and available for posting, we were not able to login to OTCIQ.  That said, I was able to speak to a representative who happened to be there after hours and I am assured our login will be restored in the am at which point we will immediately post the report.

I apologize for not having these in prior to midnight tonight, but I am assured we will seamlessly retain our Current Information Tier status through the night until posting and I will ensure our Q3 will be done in a more timely manner.  For what its worth, we have poured hours of diligent submission and discovery to DTCC to effect the ‘chill’ removal as top priority.  Now that we have achieved eligibility once again, we can proceed less one challenge.  Thank you again for all your support and I hope everyone has a great night.

While you’re waiting, maybe curl up to a good synopsis of www.theskintrademovie.com— Ryan Colucci and I have finalized our outline for the screenplay and go to draft this week.  We will be packaging the film for AFM along with our other properties toward precipitous growth over the next year and many thereafter.

Sincerely,

Mark B. Newbauer

CEO/Producer

Mike The Pike Productions, Inc.