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I just sent an email(which btw was not one of the known ones) to Sk3 group that I KNOW they will check asking for clarity on the mgm't situation.
I will report anything they send back!
this is my poor attempt at linking them
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=86036182
This one article will not spark it but if another few come(see what happened to MJNA) before the open Monday then I agree. This stock has gone parabolic and investors can easily be spooked.
I guess the question if it happens is.... do you buy when there is blood in the streets..
Or the stock can ignore all of this, I am not even good at doing DD but I can poke holes in that article lolol
He was a Hollywood guy but he's been out of the business for some time now(I can't find anything recent)..
People change careers all the time, it seems Kevin Allyn got into offshore banking for the past 5 years and is trying his hand out in a hot industry.
Perhaps, I am sure the SEC is actively monitoring SKTO.
But this might also explain the $12.5mill and $30 mill in contracts...notice how they said "contracts" not "revenues" or "profits".
A bunch of collectives pooling their money into offshore banking accounts is a "contract" to SKTO I guess...a tab misleading IMO but more realistic to think then them signing mega million $ deals every day.
Kevin Allyn is a offshore banking expert it seems, it all fits assuming this a legit company.
Why wouldn't it be a positive? MJNA collectives are probably living in fear that while it may be legal in CO and CA it's not legal on the Federal level and the DEA could seize any bank account based in the USA.
SKTO providing offshore banking solutions gives the collectives piece of mind. Loans,deposits,withdraws,credit and such all at high fees of course(cost of doing business) LOL
you see $30mill could be a drop in the bucket.
Eh, I don't know. It all fits in my view
It's not a great report, it's trying to instill panic by using very wide assumptions.
It started with factually incorrect information that had to be corrected after I pointed it out.
Nvm I was wrong the guy wrote the article
11:00PM
PR was at 9:53AM
oh my, I will have to check but I wonder what time the article was released and what time the PR came out...
It would be rather disturbing to think....
I'll go check now..
The deal with the article is that when the new Mgm't group bought the SKTO shell that because they have not cleaned up all the issues in 2 weeks the author assumes it's a scam.
Making assumptions like that because they use a PO box they are a scam(lol, I guess Allstate is a scam since they use that same address, who would have KNOWN)..
A bunch of lower tier healthcare today employees were brought over which is not to be unexpected.
It won't scare anyone, the article was out on SA on Friday at 11AM and the stock did not even blink.
I know exactly why Sk3 group reached out to Kevin Allyn
First let's go to his Linkedin
President & CEO of Ab Management....
Notice what I circled Offshore banking...now people wondering why you can't find a registered entity in the USA for MedicalGreens...how about we check outside the USA. It's obvious they would not operate in the USA
Now let's go to MedicalGreen's sister site. MedicalGreensdirect
Kevin Allyn is involved because he specializes in offshore banking and they make BUCKETS of money doing this.
Jmo...
Took the SEC approx 4 months from the start of the pump to suspend those symbols.
So they do act slowly even in high volume stocks...nobody here has to worry about SKTO being suspended on Monday, if they can't get their fillings current,pay the Delaware fees and establish themselves legit in the next 4 months then you worry...not now.
JMO...
I had the same questions about what characteristics stocks that get suspended by the SEC show so I have been looking through them and been trying to draw some conclusions
http://www.sec.gov/litigation/suspensions.shtml
The majority are small no volume no anything companies that just scammed the few poor investors who stumbled upon them, I doubt the SEC would have allowed SKTO to be on top the volume boards for 2 weeks if this was a scam.
who knows..
what better way is there to start a semi-illegal company then by buying an incredibly shady shell. ;)
This is no more shady then what MJNA pulled with FCLS imo...SEC allows that one to trade.
I am curious if you wrote the article since it has already been edited to show the patent information after I pointed it out...
The old Sk3 group was shady and the Shell is very questionable but this is a semi-illegal industry the other big name MJNA stocks have the same "irregularities" in some ways.
All this information has been out there for some time and it's still running, are people just waiting for the SEC suspension or is this as they say a new Mgm't team(with some stragglers) and a legit company
or does the answer lie in between..
I'll give you that point, to me it's a bit troubling of it not being in good standing, the website may be updated daily however it takes a few days for them to contact a Registered Agent and then the RA to file with Delaware and so on...
Maybe I am just making excuses on that point but I think this concern will be addressed very soon assuming this a legit co.
I just get an error on that page but I guess I'll believe it, I do question how frequent is the page updated. The gov't both Federal and State are notoriously slow and when the new mgm't bought the shell they could have made it current then and it's simply not updated yet on the internet.
Jmo..
While I do agree 100% never ever get married to a position I don't agree with the initial research done here calling it a scam. When you buy a shell there are going to be some loose ends I believe will get settled if this is legit within the next few weeks, former Sk3 group was very shady indeed but the people lower then the directors who just followed orders maybe just jumped ship to the new group(they need a job). I see no evidence Hipple who is banned by the SEC is involved here.
We have big names in the BOD that are seemingly landing big contracts and huge amounts of $ flowing into SKTO with no big groups promoting it.
The nonsense about not being a trademarked name(false) and in forfeiture in Delaware(show me proof) are just designed to create panic.
let's see it play out
exactly, they had contracts on hand and were getting more soon so they bought a shell with a decent S/S
Just because some people involved with the old group are seemingly tied with the new group does not imply this is a scam.
I'm not convinced Hipple is part of this in any capacity.
oh and this
Robert Hipple was ordered to cease and desist from committing fraud and was banned from acting as an officer or director of publicly traded companies by the SEC:
It was on SA yesterday by I suspect the same person since It's almost the same article.
There is a reason the market ignored it, the article is inaccurate in several facets.
The SEC has likely already looked at SKTO being it's the hottest stock in the OTC market and it's still going...
Where is the proof it's not in good standing in Delaware? The guy also said medical greens is not a trademarked name....well go check the patent office.
As long as they pay a yearly fee and it's not much the company does not go into forfeiture, I OWNED a Delaware S-Corp, I know what I'm talking about.
I'll spend 2 minutes and refute all the red flags
#1The websites were created on the day of the press release to introduce themselves to investors, the websites are nothing revolutionary, they could easily have been doing business before these websites
#2 simply false, check the us patent office, medical greens is a trademarked name
#3either it's not publicly known or it's not needed now
#4 is Allstate a scam? They use the SAME address as MedicalGreens does.
#5 Is the author in the MJNA industry, that is just a wild accusation.
We also have emails stating that the new team is different from the old team, of course there will be some who are involved with both..
This nonsense about them just using Kevin Allyn's name randomly just shows people are reaching here.
The deleware section is nonsense, when I owned a S-Corp in Delaware I did not have to file anything to keep it open I just had to pay a yearly fee to the agent, unless I am remembering wrong..
Some people still feel the need to question if Kevin Allyn is really affiliated with SKTO. I had one ask me yesterday "how would he know they were using his name"....
Let's see... we have hundreds/thousands of retail investors doing their DD on this company at the same time, emailing him on facebook,Linked in and mentions on twitter ...etc.
He also has something called reputation managers whose sole job is to scour the internet and print media and see what is being said about their client.
But put all that aside, it would be rather bizarre to pick Kevin Allyn out at random and pretend to be him in multiple PR's.
The fact and yes it's a FACT is that he is involved in some capacity, I won't go into how much he is actually doing but he won't put his name behind a scam, he is already rich, he does not need to scam people for a few million lol
You know why the volume is huge? Take a look at the other big name MJNA stocks and notice a trend, all that spec money is going into this one, when the other stocks stop free-falling the run will be over here...likely
There are only 2 small noname groups promoting SKTO at current time not an army of "phone rooms"....lol, there is zero evidence this is a "pump and dump" scheme.
RSI has been overbought for a long time, lots of people have screamed for it to selloff every day but it keeps running.
This one is either going to end in a SEC suspension because it's a complete fabrication or if it's legit...getting in here is still a "ground level" assuming the SS is not something absurd..
The best way to trade is to flip it IMO, but those who have held since triple 000's are banking huge congrats
This is the hottest stock in the OTC market, the SEC probably has already looked into it and it's still trading....
GLTA
I'm glad you have the emails, it should not be a question in anyone's mind that Kevin Allyn is the chairman of the company, his reputation managers would have sued SKTO the next day if they tried to pretend he was involved when he was not....
Would be rather bizarre for them to do that...which is why I find it hilarious that some suggest it.
I've made plenty of $ flipping SKTO for 100% gains each time but why pray tell is the Chairman's letter complete fiction?
Define "right", just because they did it the easiest and quickest way does not imply that they are con artists.
The stock is on fire, the company is under no obligation to formalize anything with the SEC atm....
It will all come in due time and by the time it is formalized it will be at much higher prices.
I do see where your coming from, there are many reasons to be skeptical, but the money inflowing is not iHUB money... it's big pockets, that says it all.
What is that old saying...."follow the money".....it rings so true.
Glta
They do it because they are businessmen and they see an opportunity.
It's that simple, these "high profile" names are the actual names behind the company, it's not questionable...
oh comeon, I don't know about the rest but Kevin Allyn has reputation managers and they know what is being said about their client and if a false rumor was going around he would come out with a statement..
JMO...
I am glad the team is actually busy making you know... $30million dollars in new contracts instead of responding to every investor inquiry.
It has been all but confirmed that the names put out in the PR are the people behind this company, I don't understand why anyone would think differently considering the individuals would have made public statements by now if they were not involved with this company.
JMO...
I have a brilliant idea for SKTO, Have Kevin Allyn make a video introducing himself as the chairman of SKTO and have him discuss the plans for the future.
!!!
Post it on their webpage, they need content!
60% gain today after buying this AM, holding till Monday. Little disappointed in the bid whacking at the end lolol, but I guess .05 is the gap up level on Monday.
consolidate before go up more?
Did I win?
bid whacking now....
Don't let them win yet AGAIN
Razor thin ask
This could pop to above .06
hollywood $$$$ imo
Silver City on the horizon...
At this rate next week will be dollar mania LOL
MM's moving to .05!!!!!!
Here comes SILVER