SK3 Group Inc. (SKTO)

[I-Glow]

Seems the Shorty theory has been blown out of the water by the latest FINRA numbers.

You can believe, hope and pray for the short sales to be a really large number but the facts are it is miniscule. Yes that is correct for two week period ending June 14th the short sales were 2,623!

As much as it has been posted and it always is on these scams - it is much more forum myth that factual. The daily numbers have no meaning.

I will explain short sales data...

SHORTS data explained by FINRA... FINRA regarding their daily SHO list which seems to show 30-70 % off all the volume in thousands of stocks as 'short sales'. They explained the 2 factors which tend to inflate the short sale data beyond what is normally considered a short sale, i.e. a person or firm borrowing shares which are then sold.

1. all market maker sells to buyers for which the MM doesn't at that moment possess the stock would go onto the list. The shorts data is sent to SEC at time of execution, so during the course of a day, a MM may trade 20M shares of company xyz, of which 10M of those shares were initiated as short sales and the other 10M were buys to cover those shorts. Despite the fact that their net position at the end of the day is flat, the data would show 10M shares as having been short sales.
This applies even to grey sheet stocks. Despite the fact there is no MM making bids and asks, MM's can and do call around to other MM's to find willing sellers to match buy orders and vice-versa.

2. The other factor that could affect the daily short figure is very interesting. if a sale is being initiated by the holder of restricted 144 stock, even though the owner of those shares is technically a long, the sale is listed as a short sale because the actual certificates are not yet "clean" via the transfer agent.

They confirmed that in order to ascertain the true "open short" position one should look at the bi-monthly short report. It was also stated that any of the daily shorts which were not delivered within the prescribed time would definitely end up on the FTD list.



The short data for all OTC stocks including those quoted on OTC Markets (Pink Sheets) is sent to FINRA twice a month by broker/dealers. FINRA compiles it and publishes a semi monthly report. These bi-weekly reports show the aggregate short position by all market makers as of that settlement date.

The SKTO bi-weekly reports show no significant aggregate short positions. They can be found here: www.otcmarkets.com/stock/SKTO/short-sales or by entering the ticker on the OTCBB short interest page:http://www.otcbb.com/asp/OTCE_Short_Interest.asp.

Here are screenshots of both:





IG