SKYIQ suspended CUSIP:

http://www.otcbb.com/asp/dailylist_detail.asp?d=06/05/2014&mkt_ctg=NON-OTCBB

Wow, the next ask is $2! 130K-0.0018 x 10K-0.002 now.

The bid is up 12.5% so far! Bottomed out at 0.0008 and back to 0.003
soon...

10K-0.001 x 10K-0.002 now. The bid is up 25% so far! Super thin ask!

170K-0.0008 x 10K-0.002 now. The lowest asking price since 0.003!

Super thin asks from the level2! Easy to hit the penny land! Only 5M shares tiny float!

180K-0.0008 x 40K-0.003 now.

No more cheap 0.002 ask! The weak hands are out of shares now...

Key Info. The enterprise value is $0.202 a share.

The insiders ownership is 67.04%.

Only 5,369,071 shares tiny float.

Just 16,287,323 shares small OS.



Key technical updating: 20/50/200-Day MAL is 0.0015/0.0017/0.001.



Note, the two-year high was $0.14 and one-year high is $0.003...



Profile for Skye International, Inc.

7756 East Greenway Road
Scottsdale, AZ 85260
United States - Map
Phone: 480-993-2300
Fax: 480-951-6809

Website: http://www.tankless.com/


Sector: Consumer Goods
Industry: Appliances
Full Time Employees: 9


Business Summary

SKYE International, Inc. engages in the design, development, and marketing of consumer water heating appliance products. It offers FORTIS, an electric tankless whole house water heater for condos, apartments, multifamily residences, and homes where space is at a premium. The company also focuses on commercializing Paradigm line of point-of-use water heaters; and Heatwave line of commercial point-of-use water heaters for small lavatory and bathroom applications. It sells its products primarily through manufacturer representatives and wholesale distributors in the United States and Canada. The company was formerly known as Tankless Systems Worldwide, Inc. and changed its name to SKYE International, Inc. in October 2005. The company was founded in 1993 and is based in Scottsdale, Arizona. On April 28, 2011, Skye International, Inc. filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Nevada.

170K-0.0008 x 60K-0.003 now. Super thin asks from the Level2! Steal!

This Q-GEM has only 5,369,071 shares tiny float! Which is super low!

Why someone is such stupid to sell the shares at 0.0008 while he can
sell at $0.003 or higher price later? Anyway $0.202 per share EV!

The enterprise value is $0.202 per share.

The insiders ownership is 67.04%.

5,369,071 shares tiny float.

16,287,323 shares small OS.

180K-0.0008 x 50K-0.002 now.

What happened? Big sell-off today! 80K-0.0008 x 50K-0.002.

0.0015 x 0.003 now.

40K-0.0012 x 40K-0.003 now.

Profile for Skye International, Inc.

7756 East Greenway Road
Scottsdale, AZ 85260
United States - Map
Phone: 480-993-2300
Fax: 480-951-6809

Website: http://www.tankless.com/


Sector: Consumer Goods
Industry: Appliances
Full Time Employees: 9


Business Summary

SKYE International, Inc. engages in the design, development, and marketing of consumer water heating appliance products. It offers FORTIS, an electric tankless whole house water heater for condos, apartments, multifamily residences, and homes where space is at a premium. The company also focuses on commercializing Paradigm line of point-of-use water heaters; and Heatwave line of commercial point-of-use water heaters for small lavatory and bathroom applications. It sells its products primarily through manufacturer representatives and wholesale distributors in the United States and Canada. The company was formerly known as Tankless Systems Worldwide, Inc. and changed its name to SKYE International, Inc. in October 2005. The company was founded in 1993 and is based in Scottsdale, Arizona. On April 28, 2011, Skye International, Inc. filed a voluntary petition for liquidation under Chapter 7 in the U.S. Bankruptcy Court for the Northern District of Nevada.

Key technical updating: 20/50/200-Day MAL is 0.0019/0.0012/0.0009.



Now all the technical resistances are broken out! Heading back to the two-year high $0.18...

40K-0.0011 x 30K-0.003.

0.002 x 0.003 now. The next ask is $3,000 from the Level2!

20K-0.0015 x 20K-0.003 now.

0.002 x 0.003 now. The bid is up 100% so far! The next ask is $1.00!

0.0018 x 0.003 now.

Only 10K shares ask at 0.003 now! The next ask is 10K shares at 0.1!

0.0015 x 0.003 now. Up 50% so far! Extremely tiny asks! $3K is next!

20K-0.001 x 10K-0.003 now. Two MMs on the bid vs one MM at the ask!
Up 11.11% so far! Super tiny ask from the Level2: the next ask at 2!

The whole enterprise business value is $3.29M or $0.202 per share.
However the price is still at the joke low $0.0018 per share now...

Only 5,369,071 shares tiny float and 16,287,323 shares OS!

The insiders ownership is 67.04% which is huge!

Up 57.2% now! 0.0018 x 0.002. Easy to hit the penny land! 5M float!

50K-0.0008 x 40K-0.0018 now. 200K shares bid at 0.0007 vs 10K-0.002!

Down 65% from 0.002 to 0.0007! Who is such stupid to sell at the bid?

200K-0.0007 x 10K-0.0018 now.

Up 233.33% so far! 0.001 x 0.002 now. Only 40K shares left at ask...

0.001 x 0.002 now. Easy 5-bagger from here based on the joke low MV!

Two MMs bid 150K shares at 0.0006 vs only one MM ask 50K shares at 0.002! The next ask is 0.015! Super thin asks from the Level2...

50K-0.0006 x 50K-0.002 now. All the cheap 0.0012s are gone currently!

The enterprise value is $3.29M or $0.202 per share v.s. the price is at joke low $0.0012 per share now!

Up 140% now! 150K-0.0006 x 110K-0.0012.

It is up 25% so far! Easy 20-bagger from here based on 16M shares OS
and 5M shares tiny float...

It is up 33.33%+ today! Bottomed out at the new 52-week low 0.0003!

SKYIQ 8-K out at 6:03am est today:

Monday, May 23 2011 6:03 AM, EST ORACO RESOURCES, INC. FILES (8-K) Disclosing Entry into a Material Definitive Agreement, Completion of Acquisition or Disposition of Assets, Unregistered Sale of Equity Securities, Changes in Control or Registrant, Change in Directors or Principal Officers, Change in Shell Company Status, Other Events, Financial Statements and Exhibits Edgar Online   "Glimpses"
Item 1.01 Entry into a Material Definitive Agreement.

As previously reported by the Registrant in its Current Report on Form 8-K, filed on March 28, 2011 , the Registrant entered into a Share Exchange Agreement with Oraco Resources, Inc. , a Canadian company ("ORI") on March 24, 2011 to acquire all of the issued and outstanding shares of ORI in exchange for 15,001,500 shares of the Registrant's common stock.

Additionally, on March 24, 2011 , the Registrant entered into another Share Exchange Agreement with Jyork Industries Inc. Ltd. , a Sierra Leone company ("Jyork"), to acquire all of the issued and outstanding shares of Jyork.

The acquisitions were completed on May 16, 2011 . See Item 2.01 below for further description of the acquisitions.

In connection with the closing of the Share Exchange Agreements the Stockholders of ORI and Jyork acquired control of the Registrant. The Stockholders of ORI and Jyork acquired beneficial control of approximately 18,001,500 shares of common stock as a result of being stockholders of ORI and Jyork of which the Registrant acquired 100% of the ownership pursuant to the Share Exchange Agreements.

Both Share Exchange Agreements mentioned above will be collectively referred to as the "Share Exchange Agreements".

Item 2.01 Completion of Acquisition or Disposition of Assets

On May 16, 2011 , we completed the acquisition of all of the issued and outstanding shares of ORI and JYORK pursuant to the Share Exchange Agreements and Plan of Reorganization described in Item 1.01 above and in this Item 2.01. The acquisition was accounted for as a recapitalization effected by an exchange of shares for the assets, wherein ORI and Jyork are considered the acquirers for accounting and financial reporting purposes.

Pursuant to the conditions to closing of the Share Exchange Agreements: (i) the Registrant issued 15,001,500 shares of its restricted common stock in exchange for all of the issued and outstanding shares of ORI, (ii) the Registrant issued 3,000,000 shares of its restricted common stock in exchange for all of the issued and outstanding shares of Jyork and (iii) the Registrant obtained cancellation of 10,000,000 affiliate shares of restricted common stock.

FORM 10 DISCLOSURE

We are providing below the information that would be included in a Form 10 as if we were to file a Form 10. Please note that the information provided below relates to the current operations acquired through the closing of the Share Exchange Agreements discussed above.

3 -------------------------------------------------------------------------------- DESCRIPTION OF BUSINESS

The Share Exchange Agreement and Plan of Reorganization discussed in Items 1.01 and 2.01 above are collectively referred to as the "Share Exchange Agreements." As a result of the closing of the Share Exchange Agreements, our main focus has been redirected to diamond, gold, mineral and natural resources mining exploration business based on the application of our former business plan aimed at distributing our product Sterilite Solutions and its use in the mining sector. The information set forth herein is only a summary of our business plans.

INDUSTRY AND MARKET DATA

The market data and certain other statistical information used throughout this report are based on independent industry publications, government publications, reports by market research firms or other published independent sources. In addition, some data are based on our good faith estimates.

Business Development

Oraco Resources, Inc. ("Oraco") was formed as a Nevada corporation in April 2010 . On February 2, 2011 , Oraco changed its name from Sterilite Solutions, Corp. to Oraco Resources, Inc. Effective May 16, 2011 , Oraco completed the acquisition of contractual rights for the disposition and exportation of diamonds and gold, and any other minerals recovered both in Zimmi Town , Pujehun District of Sierra Leone as well as the Gbense Tailings No. 5 reserve located in Koidu Town , Kono District - Sierra Leone , and mining concessions through the acquisition of 100% of the ownership of Jyork.

As a result of the closing of the Share Exchange Agreements, Oraco is now involved in the mining industry in the African country of Sierra Leone through mining concessions held by Jyork. The objectives of the Company are to seek additional mining concession rights, privileges, and to own mines in Sierra Leone , as well as other West African Countries. In addition, we intend to process minerals and to sell such processed minerals around the world, and explore new areas in Sierra Leone and elsewhere in West Africa as opportunities may arise.

With the dramatic improvement in the political and economic climate in Sierra Leone and the recent influx of foreign investment and activities, management feels that the political and socioeconomic environment are sufficiently secure to now deploy capital towards proving out the diamond and gold reserves in its licenses and commencing mining operations at a number of them in the short term. Many major and junior mining companies are commencing to deploy . . .

Item 3.02 Unregistered Sales of Equity Securities .

Pursuant to the Share Exchange Agreements, we issued a total of 18,001,500 shares of our restricted common stock to the shareholders of ORI and Jyork in exchange for 100% of the ownership of ORI and Jyork.

We believe that the issuance and sale of the above 18,001,500 shares was exempt from the registration and prospectus delivery requirements of the Securities Act of 1933 by virtue of Section 4(2) and Regulation D Rule 506. The shares were issued directly by us and did not involve a public offering or general solicitation. The recipients of the shares were afforded an opportunity for effective access to files and records of the Company that contained the relevant information needed to make their investment decision, including the financial statements and 34 Act reports. We reasonably believed that the recipients, immediately prior to the sale of the shares, were accredited investors and had such knowledge and experience in our financial and business matters that they were capable of evaluating the merits and risks of their investment. The recipients had the opportunity to speak with our management on several occasions prior to their investment decision. There were no commissions paid on the issuance and sale of the shares.

Item 5.01 Change in Control of Registrant

In connection with the closing of the Share Exchange Agreements (disclosed in Section 2.01 above), the Stockholders of ORI and Jyork, acquired control of the Registrant. The Stockholders of ORI and Jyork acquired beneficial control of approximately 18,001,500 shares of common stock as a result of being stockholders of ORI and Jyork of which the Registrant acquired 100% of the ownership pursuant to the Share Exchange Agreements.

Additionally, in connection with the closing of the Share Exchange Agreements, the Registrant accepted the resignation of its prior officers and sole director and appointed Bradley Rosen as Chief Executive Officer, President and a Director, Chris Butchko as Executive Vice President, Chief Operating Officer and a Director, Anne Thomas as Secretary, Comptroller and a Director, and Donna Moore as Treasurer and Chief Financial Officer of the Registrant on May 16, 2011 . See Item 5.02 below for further description of the resignations and appointments of officers and directors in connection with the closing of the Share Exchange Agreements.

40 --------------------------------------------------------------------------------

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

(b) Resignation of Director and Officer

On May 16, 2011 , Steven Subick gave the Registrant notice of his resignation from his position as the sole member of the Board of Directors, President, Chief Executive Officer, and Treasurer of the Registrant, which resignation was accepted by the Registrant on May 16, 2011 . Additionally, on May 16, 2011 , Jodi Redmond gave the Registrant notice of her resignation from her position as Secretary of the Registrant, which resignation was accepted by the Registrant on May 16, 2011 .

(c) Appointment of Officers

Prior to the resignation of Steven Subick , the Board of Directors appointed Bradley Rosen as Chief Executive Officer and President, Chris Butchko as Executive Vice President and Chief Operating Officer, Anne Thomas as Secretary and Comptroller, and Donna Moore as Treasurer and Chief Financial Officer of the Registrant.

Bradley Rosen , Chief Executive Officer, President and a Director: Mr. Rosen has been a practicing attorney for 20 years. He received a B.A. from Case Western Reserve University , Cleveland, Ohio , in June of 1985 and his J.D. from Benjamin N. Cardozo School of Law in New York in 1988. Mr. Rosen specializes in intellectual properties, general litigation and general corporate matters. He has published several articles for West Publications concerning litigation of intellectual properties. Mr. Rosen also represented clients in several international financing transactions, international contract negotiations and enforcements. He also has represented clients in such areas as corporate management, mergers and public offerings.

Chris Butchko , Executive Vice President, Chief Operating Officer and a Director: Mr. Butchko has been in the marketing industry for over 20 years. He was the National Marketing Director and the Regional Vice President for two major resort marketing companies that grossed over 100 million dollars per year. He was also the President of a public company that was involved with finance, energy, distribution and entertainment. Mr. Butchko specializes in creating acquisitions with select synergistic companies to rapidly expand and integrate their business. Mr. Butchko has been involved with Africa for more than seven years and has been engaged in feeding programs and other humanitarian efforts there. Chris is married with three beautiful children and resides in Southern California .

Anne L. Thomas , Secretary, Comptroller and a Director: Ms. Thomas studied Business Administration at the New School in New York City , which garnered her a position at one of the largest record and publishing companies in the United States for the past 25 plus years. Ms. Thomas directed and oversaw day to day operations and interacted with major companies such as Capitol EMI, Sony Entertainment , RCA and Universal/ Fontana . This included staffing the offices in both New York and Los Angeles in which the employees reported to her directly and maintaining the financial records for these projects. For the past 20 years Ms. Anne has worked with numerous international countries such as Botswana , Liberia , Guinea , Sierra Leone and Equatorial Guinea .

41 --------------------------------------------------------------------------------

Donna Moore , Chief Financial Officer and Treasurer: Between 2008 and 2010, Ms. Moore served as a part time Controller for Skye International , Inc. in Scottsdale, AZ. Prior to Skye International , Ms. Moore was the Controller for Monarch Brass & Copper Corp. , in Waterbury, CT from 1984 through 2007. Ms. Moore is a business financial professional with over 25 years of hands-on business experience. Ms. Moore has held positions as controller and secretary treasurer of both public and private corporations. Her experience includes general accounting, financial reporting, systems implantation/management, treasury functions, and cost accounting. Ms. Moore specializes in executing uniform financial controls so as to improve productivity, reduce costs, and maximize profitability. Ms. Moore holds a Bachelor of Science degree in Business Management and an MBA in finance and accounting from Brigham Young University .

(d) Appointment of Directors

Prior to the resignation of Steven Subick , the Board of Directors appointed Bradley Rosen , Chris Butchko , and Anne Thomas as Members of the Board of Directors.

Bradley Rosen , (See Resume above).

Chris Butchko , (See Resume above).

Anne Thomas , (See Resume above).

Item 5.06 Change in Shell Company Status

The Registrant was a start-up Company formed in April 2010 for the purpose of distributing and manufacturing cleaning/sterilization solutions to consumers, public institutions and distributors of cleaning/janitorial supplies which are provided to us by Integrated Environmental Technologies, Ltd. In the pursuit of business development, specifically in the area of developing a solution to neutralize the effect of mercury on the environment, these companies determined it in their best interest to join forces. We did not deem ourselves a shell company as defined in Rule 12b-2 of the United States Securities Exchange Act of 1934, as amended.

Item 8.01 Other Events.

On May 20, 2011 , the Registrant issued a press release to announce that it has acquired the contractual rights for the disposition of diamonds, gold, and any other minerals recovered in both the Zimmi Town , Pujehun District and the Gbense Tailings No. 5 reserve in the Koidu Town , Kono District of Sierra Leone through the acquisition of 100% of the ownership of ORI and Jyork. A copy of the press release is filed as Exhibit 99.1 to this Current Report.

42 --------------------------------------------------------------------------------

Item 9.01 Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.

Pursuant to Rule 8-04(b) of Regulation S-X (17 CFR 210.3-05(b)), the Oraco Resources, Inc. , a Canadian corporation, and Jyork Industries , Inc. Ltd., a Sierra Leone corporation, audited financial statements as of and for the year ended December 31, 2010 are filed herewith.

(b) Pro Forma Financial Information.

Pursuant to Rule 8-05 of Regulation S-X (17 CFR 210), the unaudited pro forma consolidated balance sheets and statements of operations of Oraco Resources, Inc. , a Nevada corporation, and Oraco Resources, Inc. , a Canadian corporation, and Jyork Industries , Inc. Ltd., a Sierra Leone corporation, for the year ended December 31, 2010 and for the period ended March 31, 2011 , along with the notes to such unaudited pro forma consolidated financial information, are filed herewith.

(c) Exhibits. Incorporated by reference Exhibit Filed Period

Number Exhibit Description herewith Form ending Exhibit Filing date 3(i)(a) Articles of Incorporation

S-1 3(i)(a) 6/17/10 of Oraco Resources, Inc. 3(i)(b) Certificate of Amendment - 8-K 3(i)(b) 2/24/11

Name Change - Dated

2/23/11

3(i)(c) Certificate of Change - 8-K 3(i)(c) 2/24/11

8:1 Forward Split -

2/23/11

3(ii)(a) Bylaws of Oraco Resources, S-1 3(ii)(a) 6/17/10 Inc. 10.2 Share Exchange Agreement 8-K 10.2 3/28/11 and Plan of Reorganization with Oraco Resources, Inc., a Canadian corporation - 3/24/11 10.3 Share Exchange Agreement 8-K 10.3 3/28/11 and Plan of Reorganization with Jyork Industries , Inc., Ltd., a Sierra Leone corporation - 3/24/11 10.4 Addendum No. 1 to Share 8-K 10.4 5/2/11 Exchange Agreement and Plan of Reorganization with Oraco Resources, Inc., a Canadian corporation - 4/28/11 10.5 Addendum No. 1 to Share 8-K 10.5 5/2/11 Exchange Agreement and Plan of Reorganization with Jyork Industries , Inc., Ltd., a Sierra Leone corporation - 4/28/11 99.1 Press Release - X Acquisition of Diamond and Gold Mining Operation in West Africa - 5/20/11 43

----------------------------------------------------------------

Worth keeping an eye on.

Sincerely , Peter Piper

Scroll to bottom for information on Skye International:

Posted by: locksflooring Date: Sunday, February 08, 2009 10:47:40 AM
In reply to: None Post # of 12700

As per CEOCAST
Sunday, February 08 2009 locksflooring@comcast.net



--------------------------------------------------------------------------------

Companies featured in this edition of the newsletter: ACTC, CETG, GERS, ICLK, ITUI, MNDL, PLKH, SKYI

With the prevalence of bad news torpedoing markets and predominating investors' attention of late, this week offered a welcome respite from the storm, as all of the major indices finished in positive territory for the first time in 2009. The Dow managed to post a gain of 279 points to end at 8280, closing up 3.5% on the week and narrowing its YTD loss to 5.6%. The Nasdaq jumped 7.8% on the week to close at 1591, pushing it into positive territory on the year with a 0.9% gain. The S&P 500 and Russell 2000 posted gains of 5.2% and 6.1% respectively on the week, narrowing their YTD losses to 3.8% and 5.8%.

Investors managed to shake off yet more bad news on the economic front this week and seemed to focus on the impending stimulus package and unveiling of a plan to strengthen the financial system, which are expected to be announced next week. 598,000 jobs were lost in January, a new 34 year record, boosting the unemployment rate to 7.6%, 2.7% higher than it was at this time last year. Continuing jobless claims are at a record high of 4.79 million with more cuts expected, but still investors remained resilient in the hope that a government bailout would help ease some of the economic woes facing the nation.

Of course, the "devil is in the details." With the Senate expected to narrowly approve its version of an economic stimulus bill, lawmakers from the House and Senate still face difficult negotiations over spending for tax cuts, education and aid for local governments. The $827 billion measure is on track to pass the Senate on Tuesday, despite stiff opposition from the GOP and disappointment among Democrats, including President Obama, who labeled it imperfect. The Senate convened in a rare Saturday session to debate a compromise reached between a handful of GOP moderates, the White House and its Senate allies.

What should investors look for this week? Expect major developments from the government that have the potential to move markets early in the week, as Treasury Secretary Timothy Geithner is expected to unveil plans for strengthening the financial system on Monday. Earnings reports for the week begin with Hasbro (NYSE: HAS) and Whirlpool (NYSE: WHR) reporting Monday before the market opens and Time Warner Telecom (NASDAQ: TWTC) after the bell. On Tuesday morning, expect reports from DIRECTV (NYSE: DTV), Molson Coors Brewing (NYSE: TAP), Qwest (NYSE: Q), and Unisys (NYSE: UIS). Wednesday will be a quiet day for the bigger names in the market, but on Thursday, Aetna (NYSE: AET), Coca-Cola (NYSE: KO), General Motors (NYSE: GM), RadioShack (NYSE: RSH) and Viacom (NYSE: VIA) are expected to release before the open.

The economic calendar will be relatively quiet, but look for December Wholesale Inventories Tuesday morning at 10 a.m. December Trade Balance figures will be released at 8:30 a.m. Wednesday, followed by Weekly Crude Inventories at 10:35 a.m. and the January Treasury Budget at 2:00 p.m. Weekly Initial Jobless Claims, and Retail Sales for January will be released at 8:30 a.m. Thursday, followed by Business Inventory reports for December at 10:00 a.m. Preliminary Michigan Sentiment figures for February will end the week at 9:55 a.m. Friday morning.

The conference schedule for the week kicks off with the three-day Thomas Weisel Technology & Telecom Conference beginning Monday in San Francisco, as does the three day Barclay's Capital Industrial Select Conference which is being held in Miami. The two day Biotechnology Industry Organization's CEO & Investor Conference also begins Monday in New York, as does the three-day UBS Global Healthcare Services Conference. The two day Deutsch Bank Small and Mid-Cap Growth Conference begins on Tuesday in Naples, Florida, as does the Goldman Sachs Agricultural Conference which is being held in New York. Goldman will also be holding its second annual Consumer Retail Leveraged Finance Conference in New York, later in the week, beginning on Thursday and running through Friday. Bond markets will close early on Friday for President's Day.

VOLUME ALERT: Shares of i2Telecom International, Inc. (OTCBB: ITUI), a developer of award-winning patented and innovative high-quality Voice-over-Internet Protocol (VoIP) products and services, surged more than 41% last week on four times average volume after the company said that it had retained one of the world's leading intellectual property law firms, Vinson & Elkins LLP, to investigate possible infringements of its recently-awarded patent for Dynamically Adapting Transmission Rate of Packets in Real-Time VoIP Communications to Available Bandwidth (DMTR), U.S. Patent #7,460,480. The Company believes this is the most valuable patent it has received, to date, exceeding in value the patent that i2Telecom sold for $6.5 million during the second quarter of 2008. Investors may remember that ITUI previously retained the law firm months before entering into a deal for the sale of the patent. The company believes that a number of original equipment manufacturers that deploy softphones, microgateway devices, gateways, and routers may be infringing on its DMTR technology and carriers that rely upon the technology to improve transmission quality and eliminate degradation issues when sending voice packets over the Internet may also be infringing. ITUI was the first to file a patent application regarding DMTR technology several years ago, and is currently in the process of seeking protection for the patent in a number of overseas markets. Shares gained $0.025 to end the week at $0.085.

Capital City Energy Group, (OTCBB: CETG), an independent vertically integrated oil and gas company, announced last week that the company's CEO entered into a 10b5-1 plan, under which he is scheduled to conduct open market purchases of the company's common stock throughout 2009. The executive entered into a similar arrangement in 2008, a year in which he worked without receiving any salary, in either cash or stock. The CEO said he believes that the company's stock is undervalued and expects 2009 to bring even higher revenue and cash flows following several key acquisitions made during '08. SEC Rule 10b5-1 allows executive officers or board members of public companies to adopt pre-arranged stock trading plans when they are not aware of any material nonpublic information about the company. Most plans involve the sale of shares, not the purchase. Insider buying is generally viewed as a bullish indicator. Shares lost 5 cents to close at $1.95 for the week.

Earnings Preview: interCLICK (OTCBB: ICLK) the fastest growing advertising network in the US according to comScore, is scheduled to report earnings for its 2008 fourth quarter ended December 31, 2008 on Wednesday afternoon following the closing bell. Revenue of $5.7 million was reported for the 2008 third quarter, up significantly compared to 2007's third quarter revenue of $1.1 million. The company recently raised its 2008 Q4 guidance, expecting revenue to exceed $7 million, compared with previous estimates for revenue to exceed $6.5 million. ICLK also guided that gross margin will exceed 35%, up from a prior forecast of 31%. In addition to these upward revisions, the company also expects to see its first quarter of positive Adjusted EBITDA since becoming public. The company attributes these increases to the gains its behavioral targeting platform is making amongst advertisers seeking to reach more highly targeted demographics during difficult economic times, where companies are seeking maximum effectiveness from their advertising dollars. Investors will likely focus on the financial results and whether the growth that is expected to be generated during the fourth quarter is sustainable during 2009. The first quarter is seasonally a slower period for the online advertising industry. The stock lost two cents on the week to close just over $0.76.

Stem cell therapy developer Advanced Cell Technologies (OTC: ACTC), continues to generate positive press, as the company announced last week that another of the studies conducted by its scientific team will be published in Cloning and Stem Cells, a leading journal in the field of stem cell research. The study focused on differentiation between human-human clones and human-animal clones, and found that although the two appear similar, the pattern of reprogramming human donor cells is dramatically different than the pattern associated with reprogramming animal donor cells. In contrast to human-animal hybrids, the gene expression pattern of human-human clones was highly similar to normal human embryos. The study found that several core factors associated with the activation of genetic material in the donor cells were activated in both normal and human cloned embryos, which contrasted sharply with the human-animal hybrids which showed no difference in regulation of these critical genes, effectively rendering the generation of stem cells through use of animal surrogates impossible. The data call into question the potential use of animal egg sources to generate patient-specific stem cells, essentially quelling the moral controversy surrounding human-animal hybrids due to the fact that it appears beyond our current capabilities. The study can be found online ahead of the release of its print version in the journal. Shares surrendered three cents in heavy trading to close at $0.19 on the week.

Earnings Preview: Mandalay Media (OTCBB: MNDL), an emerging new media company focusing on development of entertainment platforms for mobile phones, is scheduled to release earnings for its 2008 third quarter ended December 31, 2008 this week. For its second quarter, ended September 30, 2008, MNDL reported revenues of $5 million and a gross margin of 62%. Due to the fact that 2008 was the company's first full year of operations following acquisition of their subsidiary, Twistbox Entertainment, there are no comparisons which can be drawn year over year. On an unaudited pro forma basis, assuming the company had completed the acquisition of AMV and had consolidated the results of its operations, for the quarterly period ended September 30, 2008, the combined companies would have had revenue of $14.5 million and EBITDA, excluding stock option expense, of $0.4 million. For the six months ended September 30, 2008, on an unaudited pro forma basis, the two companies would have generated revenue of $30.0 million and EBITDA excluding stock option expense of $0.1 million. Investors will likely focus on how the two companies combined operations will aid in MNDL's ability to continue to improve its earnings profile through earnings growth and cost reductions. Shares ended the week unchanged at $1.40.

Prolink Holdings Corp. (OTCBB: PLKH), the world's leading provider of Global Positioning Satellite golf course management systems and digital out-of-home on-course advertising, unveiled its next-generation new Prolink Touch GPS system to industry-wide acclaim at the Annual PGA Merchandise Show in Orlando last week. The Touch, which is the most technologically advanced course management system available to the golf industry, generated record sales commitments at the event and was met with considerable enthusiasm by industry professionals stopping by the booth to experience the new, next-generation GPS offering. The Touch represents a significant advancement in GPS course management systems, providing users with an interactive touch screen interface that allows them to do anything from tracking their progress on the course to ordering lunch from the clubhouse by using the intuitive touch screen technology mounted to their golf carts. Advertisers will benefit as well, thanks to the Touch's expansive memory which can hold up to 7,500 ads in a variety of shapes and sizes that will be rotated continuously across the new proprietary custom interface. The company has high expectations for its newly unveiled system's revenue generation capabilities, which it feels will further enhance its position as the leader in GPS course management systems worldwide. Shares gained three cents to end the week at $0.12.

Greenshift (OTCBB: GERS), a company that develops and commercializes clean technologies that facilitate the efficient use of natural resources, announced an amendment to its previously announced joint venture with GE Energy Financial Services and YA Global Investments, an institutional investor, that extends the Initial Equity Contribution Date to March 2, 2009 from its previously arranged date of January 30, 2009. Under the previously arranged terms, the newly formed subsidiary, CleanBioenergy, will invest up to $38 million in GS NextDiesel, newly formed GreenShift subsidiary,o help deploy twelve new corn oil extraction facilities across the country and double the capacity of GreenShift's Michigan-based NextDiesel biodiesel refinery from 10 million gallons per year to 20 million gallons per year. Shares lost a penny on the week to close at $0.012.

On the Wires: Capital City Energy (OTCBB: CETG) announced last week that Dave Tenwick resigned as a director to concentrate and devote more time to his other business opportunities. The company also named Douglas B. Crawford its Principal Financial Officer. Since September, 2008, Mr. Crawford has been serving in the capacity as the Company's Principal Accounting Officer.

SPECIAL SITUATION:

Skye International (OTCBB: SKYI) $0.41

With the economy continuing to face challenges, investors are increasingly looking for situations that provide an opportunity for real and sustained growth not driven by discretionary consumer spending. One market sector that clearly hits the mark involves something we all use each and every day "ot water"specifically, hot water provided by a technology class known as Tankless water heaters. Skye International, a Scottsdale, Arizona based company, has developed a promising suite of tankless technologies providing both instant and endless hot water for homes and businesses. Skye is market ready to change the way we heat water.

Skye' new generation technologies provide features and functionality that strike an accord with all of us. Ask yourself the following: Have you ever run out of hot water? Have you ever had to wait to get hot water? Have you ever had to replace a leaking tank? If you have experienced any of these annoyances take comfort that these may be problems of the past.

Skye recently commenced sales of its products that range from point of use water heaters and in-line booster heaters to whole-house electric tankless solutions. The FORTIS line of electric tankless water heaters are capable of providing endless hot water for most every American family, featuring a next generation microprocessor capable of precise temperature control, power usage monitoring by Skye's website and even a connection to your home automation system, an industry first. Boasting over 98% efficiency, Skye's FORTIS product can save enough energy to pay for itself in only 5 -7 years of use. When you consider that this appliance has more than a 20 year life expectancy, and full 10-year warranty, you can understand why many families are enjoying savings and comfort with Skye's tankless electric products.

Additionally, Skye now provides a solution for the age old problem of waiting for hot water. Utilizing Skye's patented Paradigm technology, this next generation heater is capable of efficiencies exceeding 99% and response times of less than 3 seconds cold to hot. No more waiting and no more wasted water. The secret to Skye's success lies in their patented heating element design, yielding industry leading performance and the promise of never again waiting for hot water. The power of Paradigm is housed in an incredibly small package resulting in no more wasted floor space. A specially designed microprocessor regulates water temperatures and shuts down the heater when hot water finally arrives. This design boosts efficiency and significantly reduces electrical and water waste which is good for consumers, and beneficial for the environment.

Traditional storage tank water heaters of old are designed to "heat and hold" a fixed quantity of heated water for use when needed. Typically the tank water temperature is set at or above 120 degrees, and in many cases at temperatures much higher as people seek to get more hot water from their tank. Heated water is kept hot 24/7 despite the fact that an average household only uses 30 minutes of heated water per day. The heat and hold strategy of the 100 year old tank technology requires the tank to constantly consume energy to reheat the water as it cools in the tank over-time, this is commonly referred to as "standby heat loss" and typically accounts for 60% of the water heating cost in the home. This bears special significance when taken into account that over a third of the total energy consumed in the home is used to heat water, a staggering amount of energy used in the household is completely wasted everyday!

Around the world tankless water heaters are the primary method of heating water - except in the United States and Canada, where water and energy have historically been cheap and abundant. With a renewed focus on energy and water conservation, many consumers are switching to tankless water heaters that use up to 40% less energy than storage tank systems in an effort to save money and reduce their impact on the environment. The market for tankless grew 44% in 2004; 70% in 2005 and is estimated to be growing at a rate in excess of 100% per year. Tankless water heaters are replacing inefficient and outdated tank heaters. Skye's proprietary technology positions them as a leader in the growing tankless market, which despite still being in its relative infancy in the US, is poised for explosive growth as consumers increasingly demand environmentally friendly and cost effective products.

Over 9.8 million water heaters are replaced in homes across the United States each year and another 2.1 million water heaters were installed in new U.S. homes during 2008 alone. Given the size of this market it is easy to understand why Skye has chosen to offer a better product in this market segment. Skye;s s tankless solutions are space saving (no floor space taken up), energy saving, water saving, quiet and durable. By design Skye's products are uniquely suited to high rise apartments and condos where space is at a premium, and where leaks are catastrophic. Skye's FORTIStankless heater has both internal and external leak detectors that shut-off the water and power in the event of a leak no other electric tankless water heater can boast being as high rise friendly.

Skye only recently began selling its products, exclusively through the wholesale channel to plumbing and home supply warehouses. Skye's current customer list includes names like Ferguson, Moore Supply, a member of the Hajoca group and Winnelson, putting the new devices directly in the hands of the professionals who understand and appreciate these remarkable technological advancements best. This strategy greatly enhances distribution abilities as word of the technical superiority of Skye's water heater spreads. Offering consumers a superior product improvement over a common household device, impacts the lives of millions on a daily basis. Skye International presents investors with an opportunity to invest in a company that is well positioned to capture market share in an enormous and often overlooked market.

SKYE International Inc. Completes Reverse Split and Announces Change of Trading Symbol to 'SKYI'
15 minutes ago - Businesswire

Related Companies
Symbol Last %Chg
SKYY 0.08 0.00%

As of 12:26 PM ET 5/20/08
SKYE International Inc. (OTCBB: SKYY) today announced the completion of the reverse split of its authorized and issued shares of common stock by way of the filing of a Certificate of Change with the Nevada Secretary of State. Effective as of May 16, 2008, the number of authorized shares of common stock decreased from 100,000,000 to 25,000,000 and the number of issued and outstanding shares of common stock decreased from 46,853,397 to 11,713,349.

Shareholders will be deemed to own one (1) share for every four (4) shares of common stock owned as of the record date of May 16, 2008. The new CUSIP number for the common stock will be 83083D 20 6 and the new trading symbol is SKYI. In lieu of issuing fractional shares, the number of shares will be rounded down to the nearest whole share and payment will be made at the rate of $0.10 per pre-split share.

The exchange of certificates will be mandatory for all holders. All share certificates must be turned into Computershare Trust Company, Skye's new transfer agent, by December 31, 2008. Computershare Trust Company will send out a letter of transmittal to all holders of record with instructions as to affect the exchange of certificates. After December 31, 2008, any old stock certificates bearing old CUSIP number 83083D 10 7 shall no longer entitle the certificate holder to any of the rights of a shareholder of Skye, and shall no longer be transferable or tradable in any public or private market or exchange. After December 31, 2008, all old certificates shall have no value; except for the right to be exchanged for certificates evidencing the post-reverse split shares with all usual and customary rights attached thereto.

About SKYE

SKYE International, Inc. designs innovative consumer appliances and products with leading-edge technology and unparalleled functionality. SKYE's mission is to provide North American homes with better choices for everyday living by creating useful, multi-generational lifestyle products delivering reliability, innovation, functionality and ecological responsibility.

For more information call 1-480-993-2300 or visit www.skye-betterliving.com.

Safe Harbor

This release includes forward-looking statements that can generally be identified by phrases such as SKYE or its management "believes," "expects," "anticipates," "foresees," "forecasts," "estimates" or other words or phrases of similar import. Similarly, statements in this release that describe our business strategy, outlook, objectives, plans, intentions or goals also are forward-looking statements. All such forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from those in forward-looking statements. Other risks and uncertainties include, but are not limited to: general economic conditions and conditions in the markets we address; the substantial losses the company has incurred to date; demand for and market acceptance of new products; successful development of new products; the timing of new product introductions and product quality; the company's ability to anticipate trends and develop products for which there will be market demand; the availability of manufacturing capacity; pricing pressures and other competitive factors; changes in product mix; product obsolescence; the ability of our customers to manage inventory; the ability to develop and implement new technologies and to obtain protection for the related intellectual property; the uncertainties of litigation and the demands it may place on the time and attention of company management; as well as other risks and uncertainties, including those detailed from time to time in our Securities and Exchange Commission filings. The forward-looking statements are made only as of the date hereof. We undertake no obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.

SOURCE: SKYE International Inc.

SKYE International Inc.
Gregg Johnson, 602-478-2929


Search Stock News


Headlines
Symbol
Exact Phrase
Advanced Search

Recent Headlines
SKYE International Inc. Completes Reverse Split and Announces Change of Trading Symbol to 'SKYI'
15 minutes ago - Businesswire

Education Center | Glossary | Forms Center | Contact Us | Site Map | Brokerage Account Agreement
As your agreement for the receipt and use of market data provides, the securities markets (1) reserve all rights to the market data that they make available; (2) do not guarantee that data; and (3) shall not be liable for any loss due to their negligence or to any cause beyond their reasonable control.

© Copyright 2008 Scottrade. All Rights Reserved.

Research materials are provided by the third party sources listed in the About our data providers page. As further explained in Sections 48 and 49 of Scottrade's Brokerage Account Agreement, such material is designed to be informative and does not constitute investment advice by Scottrade to purchase or sell any security.

Brokerage Products and Services offered by Scottrade, Inc. ? Member FINRA and SIPC

No information on this web site should be considered a recommendation or solicitation to invest in a particular security or type of security

Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund carefully before investing. A mutual fund's prospectus contains this and other information about the mutual fund. Prospectuses are available through our trading site or through a Scottrade Branch Office. The prospectus should be read carefully before investing

Margin trading involves interest charges and risks, including the potential to lose more than deposited or the need to deposit additional collateral in a falling market. Scottrade's margin agreement is available on our web site and at our branch offices and contains the Margin Disclosure Statement" associated with options can be found in Scottrade's Options Application and Agreement, Brokerage Account Agreement, and Characteristics and Risks of Standardized Options (available from your local branch office or here). All option accounts require prior approval by Scottrade.

Market volatility, volume, and system availability may impact account access and trade execution.

Testimonials may not be representative of the experience of other clients and are no guarantee of future performance or success.

14:33 5/21/2008 SKYY Skye International, Inc. Common Stock SKYI Skye International, Inc. New Common Stock 1-4 R/S; Mandatory Exchange Date: 12/31/2008. Please refer to the press release announcement and 8K filed with the SEC by the company for further details.

Boy do I feel stupid!! I was walking on the beach this morning when it hit me. Obviously, the first total included the first 30,000 shares and therein was my dumb ass mistake. I was having a bad stock day yesterday, but the clean fresh air removed the fog from my brain.

Looks like he's at it again. But still something strange on the report--the total numbers show an increase of 25,000 shares while the individual purchases add up to 55,000 shares bought. This continues to confound me!!

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=5285126

MWM, it appears that things are getting done. eom