SK3 Group Inc. (SKTO)

[LoanStew]

So many reasons to be VERY scared owning shares at the moment...
1.Recent "filings" posted an incorrect (but still absurdly high) amount of bad debt writeoffs. Based on the company's own calculation instructions, the writeoffs should be 3 million dollars HIGHER than the already large number is. They have written off over half the money that was "claimed" to have been earned. This could very easily cause the stock to be suspended.
2.The company has not explained the reason for the removal of Roy Laughlin OR Kevin Allyn.
3.The company has raised their O/S from 750 million to 1.25 BILLION and counting.
4.The company has given multiple addresses for the location of their "offices," none of which were ACTUALLY correct, as has been shown multiple times. The current address is the home of Quanco, and a phone call to them will confirm it.
5.The company claims to have 18 "collectives" under contract, but has never been able to release the name of one.
6.The company claims to be a "MCA" (Medical Cannibis Administrator), but hasn't been able to release the name of one company for which they are "administrating."
7.The company claimed to have 30 million in revenues, three weeks before Medical Greens was formed.
8.The company claimed to be issuing a dividend to shareholders 11 months ago, and that has not happened.
9.The company claimed to be "acquiring" Medical Greens, and issuing 3 new shares of the "New" company for every share of SKTO, almost a year ago, and that never happened.
10.The company has had 41 promotions over the last 12 calendar days, with spending on those promotions of approximately 500 thousand dollars. The company has not made any comment distancing themselves from being the source of those promotions.
11.The company claimed to have an auditor in June of 2013. No audit was completed, no official notice from said auditor from the press release of their involvement, nor of their departure.
12.The company has claimed acquisition of Sovereign International, Inc., however said company is SUSPENDED in the state of California (go to http://kepler.sos.ca.gov/ and choose corporations and enter Sovereign International Inc and you will see the details), and the address is now the site of a Vape Club.
There are many, many more reasons...here's just 12.
I haven't begun to go into the share structure, the filings, Robert Hipple, Henry Jan, et al.
CAVEAT HEMPTOR!
IMO/FWIW