Tuesday, August 26, 2014 9:15:08 AM
The SEC suspends the stock - the company isn't suspended.
But, when the 10 day suspension is over the stock is on the grey sheets without being quoted.
They did find SKTO/AEGY to be a scam hence the suspension and then the death sentence of trading on the greys. The SEC is stating they have enough evidence to support litigation if the company wants to go to court. But, as you have seen SKTO/AEGY haven't done anything to defend themselves.
The investigation is certainly ongoing - but further civil and criminal prosecution takes much longer.
If you think it is business as usual then why has SKTO stopped filing with the OTCM - why haven't they issued a press release in over two months?
Why have shareholders taken a 80% haircut since the suspension?
IG
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