Friday, September 26, 2014 9:29:52 AM
First, you stated the financials looked great - if that was the case you didn't look at them very closely.
SKTO stated back in March 2013 they had acquired Medical greens and that MG had $30 million in contracts - but in the 2013 Q1 - the contracts magically became $56.1 million.
As SKTO stated they had contracts with 11 dispensaries and each was paying them $5.1 million per year for marketing, management and licensing. The problem was that the largest dispensary in California, Harborside had $22 million in revenue - so it was obvious the contracts didn't exist.
If you had read the financials more closely you would have seen that SKTO had impaired the debt and never collected any of the AR.
Then you posted that SKTO WAS suspended - when the SEC suspends a stock it is sent to the greys after 10 days - this is a death sentence for the stock.
Since 2010, 2,005 stocks have been suspended. Of the 2004 Suspended stocks 877 remain on the Grey Sheets and 1127 stock registrations were Revoked.
NOTE: Of the 2004 Suspended stocks only EDVP (now PRLX) got off of the Grey Sheets, a very rare occurrence. It is perilous to think that any other Grey Sheet stock will get off of the Grey Sheets. With the caveat that PRLX is no volume many days - so it has recovered from the suspension but it is being quoted
Note: The 877 stocks that remain on the Grey Sheets do not have any Market Maker representation or quotations.
(The above about suspensions are courtesy of Renee: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=104935976)
The original research that started exposing SKTO/AEGY was from nodummy: http://promotionstocksecrets.com/sk3-group-inc-skto-biggest-scam-since-srge/
There is just so much information that proves SKTO/AEGY were setup as share selling schemes by Robert Hipple and Henry Jan from the beginning.
I guess my biggest question is why would you or anyone want to throw money at a stock trading on the greys - have you checked the SKTO volume since the suspension?
The price is down 90% since the suspension.
If you have any specific questions please post them - but after reading this post you should be running.
I just posted a few of the issues with SKTO - there are dozens more.
IG
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