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Micro-Cap of the Day; Mike The Pike Productions Inc. (MIKP)

By Warren Paige

Shares of Mike The Pike Productions Inc. (PINK: MIKP), an entertainment company, have risen sharply in trading today.

At last check, MIKP shares were trading 57.14% higher at $0.0011 on above average volume of 181.09 million. The stock gained 83.33% in the last three trading sessions.

MIKP shares are soaring after the company issued an update for shareholders. MIKP CEO Mark B. Newbauer said that in the second quarter of 2012 the company launched an aggressive program to lower its debt and liabilities as part of a long-term commitment to growth. The company reduced its debt and long-term liabilities by $672,911.

MIKP also reduced over 50% of its authorized shares and 13.50% of its outstanding shares in the second quarter.

Mike The Pike also made progress on the operating front. Recently, MIKP acquired Saint James Films LLC, a movie studio engaged in the production of highly entertaining genre movies for the worldwide marketplace.

 

July 11th, 2012 | Tags: | Category: Hot MicroCaps

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.

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All stories in DailyStocks.com are for informational purposes only. This is NOT a stock recommendation. This DailyStocks.com story is a daily light analysis featuring a stock with insider buying. With some caveats, insiders purchase a stock because they think the stock is going up. There are other factors to consider such as size of the transaction relative to their compensation and net worth. Sometimes, insiders might be propping a stock price up for future financing. Sometimes, the amount of insider buying are misread or misreported. Each month, DailyStocks releases a a summary of the stocks with insider buying. Sign up for the free monthly newsletter at DailyStocks.com . About Dailystocks.com: DailyStocks.com is the place where you can find stories about stocks with insider buying, where you can educate yourself about stock market investing, and where you can perform the stock search engine analysis – you enter a stock symbol, and you get a resulting page of stock ticker indexed links so that you do not have to type the stock symbol each time.