LOS ANGELES–(BUSINESS WIRE)–Mike The Pike Productions (OTC: MIKP) (www.mtpprods.com), an entertainment company with a focus in feature films, graphic novels and media holdings, announces today that its recent SEC suspension was lifted over the weekend. Today, trading resumes on the Grey Market.
According to OTC Markets, trades in grey market stocks “are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor’s bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.”
The company is working diligently to resume quotation by market makers in the OTC Markets and has initiated proceedings with a Market Maker toward submission for OTC interdealer quotation via filing of Form 15c2-11 with FINRA.
The process, which the company feels will take anywhere from 3-6 months, is alongside ongoing operations which include at least two additional feature film announcements in 2012 for its subsidiary, Saint James Films (http://www.saintjamesfilms.com), as well as additional accrued revenues, attendance at the 2012 American Film Market, advancement on effects driven sci-fi thriller,