Yesterday the stock of Mike The Pike Productions, Inc. (PINK:MIKP) soared over 30% without any identifiable reason. Today, another possible surge might happen, but this time the reasons will be known: a new paid promotion plus a new press release from the company. 
MIKP closed Monday’s session with a 33.33% jump from the previous close at $0.004 for a share. The trading volume was again enormous with 2.86 million traded shares. There were no news or promotions during or prior to yesterday’s session, suggesting that the information about the coming events today might have leaked out to cause such trading activity.
The chart looks very positive with RSI pointing straight up and MACD lines cross, although the hard resistance level could not get broken. Maybe this would happen during today’s session. Yesterday evening, our database detected two new promotional e-mails for MIKP, which will have their effect on the market today. One of the promoters received a compensation of $35,000, while the other one agreed to mail for $15,000, both paid by one and the same third-party.
After the market closed yesterday, Mike The Pike Productions issued also its latest press release, which promised revenues of over $60 million, to come from a sci-fi thriller named “White Space”. The company said that it has completed the principal photography on the film and that the finished product is expected in late Fall 2011. The new information might additionally support a share price jump today, although the effect might not last that long.
Mike The Pike Productions is not filing with the SEC, while its quarter report for the first three months of the year shows very little cash on the one hand and a lot of debt in the form of promissory notes on the other. That debt is long-term, however, it is convertible and the report gives no information about the exact terms of conversion.
