So lets hope its announced in the PR =). Though unlikely. If they were going to announce it I think they would do it today.

My trading platform has the ability to remove that notice and if you are day trading, its helpful to move very fast. You don't want confirmation screens getting in the way.

Also the 4x margin makes $100,000 not seem like very much.

Someone brought up an interesting point and I've been thinking about how it could play out. They said that the interested buyer was accumulating shares.

So, lets assume they place a price tag on the outstanding shares. Depending on your sources that is from ~9 billion to 14 billion shares, at most 140 million.

Ideally, it would be solid accumulation and they would do it just to keep from buying more shares at .01.

Not so ideally, they would pump and dump their shares with the rest of us until the deal closes. They would probably make a decent amount but I'm not sure the PPS would support it and it would be risky as far as business investment goes. (Remember the buyout company is not a financial firm).

I don't mind them accumulating shares with the rest of us, whatever saves them some money.

then the point of your posts is?



http://investing.businessweek.com/research/stocks/snapshot/snapshot.asp?ticker=NITE:US

^ Also, VC market maker

Market Makers are well known for shorting stocks. There are plenty of reports on this board about MM's shorting.

Proof?

I can't think of any people who would have clients who have accounts with millions.. oh wait venture capital firms called market makers.

No. The CEO will most likely answer this on friday.

Large cap companies release the a potential buyer because their stock can withstand any negative pressure. Penny stocks are never far enough from bottom to do that.

Because nothing is ever a sure deal. It's a risk you have to take that something won't happen with the deal.

We do the same thing with pinks everyday.. people just get scared when you start talking about big deals like this.

They effectively said, we approve this offer BUT

" Upon completion of this due diligence and approval, the company will make a recommendation to its shareholders."

THRR is beyond that stage.

I'm just a career skeptic. I'm sure if we do enough history searching we can find plenty of successful buyouts as well.

It's important to note a key difference. The first PR clearly states the board is going to make a recommendation. That right there should be a flag that people on the board were not all in agreement.

The PRs released by THRR aren't about a boards recommendation. The board has accepted the offer and is moving forward with the sale.

You do realize that I can't consider that any more valid than your statements that you "know a guy"

I'm just pointing out that I'm skeptical. Very.

uh...huh.

It's presented as a buyout but no details have been released.

You will forgive me, but how does your friend just happen to know the CEO of THRR? Contrary to popular belief, its a very very big world.

Well, I don't run stockhideout.com. I do know they have hosted several CEO chats in the past and I don't really see how they would benefit from faking it. Their administrators and staff have been in the pennystock business for a LONG time. I'm sure they would take steps to verify his identity.

Sorry we didn't sell enough shares today to buy the cups. Just drink out of the bottle and don't backwash!

I think the CEO will definitely answer that question on Friday

reverse split and it isn't going to happen.

That's assuming that 14billion in shares are issued and outstanding. Right now there is somewhere between 9.5 and 14 billion (depending on your source) issued.

We have no idea who the buyer is. The only person I can think who would give 140miln for a patent would be the Department of Defense.

Ugh. The last two times this company issued an alert (for other companies) the PPS dropped.

It's just a fact they are operating on a credit basis... I didn't imply anything negative by it. I'm just stating the facts and I am a long-term investor in SKGO.

I can't speak for everyone, but for a brief few weeks I was thinking that SKGO was defying some tried and true patterns of pinksheets. The most important is that "pump and dump" is a way of life for pinksheets. It's done by the company to pay the bills and by small investors to make a quick buck.

SKGO is not immune to that force it appears and I think a lot of people got burned thinking it was.

You mean announcing the release of financial data. In a slap in the face to investors they released "updated" financials which was really just renaming the previous financials. Now, I can accept that they didn't have any sales but I can't accept they didn't even bother to fake the numbers for interest or payments on their debts owed. That just takes another tick out and means they need to provide audited financial statements because the previous amount to at best poor accounting and at worst a forged attempt.

They announced a merger target. That doesn't mean anything. That means they want the company. It means nothing about the company wanting them.

Buyback of shares? Maybe I missed that PR but I would be impressed to see them make that effort. Especially since they would need to buy back significantly more shares than were actually sold. They would also be spending the profit from Sanhe that is needed by SITG/SKGO because they are (per PR) operating in the red and on credit.

I apologize if you weren't being sarcastic but the point needs to be made. SKGO isn't my mother, it's open to criticism from a business standpoint.

100% planning is 0% profit.

This company needs to show it can deliver on its promises before the PPS will recover. Once they have done that people will be far more willing to trust and listen to these grand ideas.

MM's are going to have control of this stock until SKGO actually releases REAL news.

I can't even remember the last PR that contained information that wasn't about something they were planning or paperwork. I want to see they actually have done something... not just all these grand plans that are always subject to change.

They are a marketing firm... I wouldn't expect them to be pumping!

Right but they need to see payment from this company first. I'm holding out for that payment but I accept its quite possible that payment may be very late, if it comes at all.

Any payment at all is good news imo.

This question has been answered a lot.. The MM's back off or cancel their active orders until just before the trading bell on stocks that don't trade futures.

No news that I know of. Maybe some hopeful hands for merger news.

Proof?

As a pinksheet company (OTC) they are exempt from reporting. Pinksheets service will give you a status of "currently reporting" if you provide quarterly statements, but you don't have to. I know there are a few SEC requirements for registration documents and what not but there are plenty of companies that haven't reported things in years.

SYMW isn't a shell company because they do have an asset, even if its intangible. The fuel cell prototype might not exist physically yet but the design plans and patents (?) are intellectual property.

This is a R&D company... things don't come fast and they don't come consistent.

I don't know why there is this expectation for them to have developed a cutting edge hydrogen fuel cell after partnering with a small university and somehow a PPS reflective of a company that doesn't have much.

PPS = expectations.

What would make you think that?

SKGO filled a supplementary statement that essentially said they could not competitively pursue a steel merger with the PPS low.

lol that's fine with me. I'll take a second run from that range :P

Well, I just got to Paris on vacation and I am not doing any DD until I return! I will check up on this though to see if the principle officers of ONCP are listed in the litigation release.

Cheers!

To be fair Caveat Emptor would be levied once Pinksheets determined there was a spam campaign to pump and dump the stock. So, the status would come after the pps spike.

The PPS spike did occur before -- I know because I bought the stock at a much higher PPS.

That little snippet could go eitherway. I mentioned in a previous post that brokers always separate their trading division from their brokerage division. I didn't see how they could do it with such a small staff and apparently here is the answer -- they will focus exclusively on the trading platform and brokerage services.

Just a house keeping PR to me.

I'll take Penny stock for $100, Alex .

wow, it took them that long to address this.. great.

I own a significant portion of SKGO shares.

You would think that after all this news about how financial data was manipulated to create our "Great recession" that people would realize it's the financial data that makes or breaks the company. Most people focus on looking at probability trends in charts and PRs designed by people who went to school to learn how to word things in a convincing manner. Look at the financial data and learn how to read it. It tells the true story.

In some cases the data is forged, in my opinion what they have done with the SKGO finances is worse than forgery. They either haven't kept records or they really did think they could just change the title from August to September and no one would care. The sad thing is most people won't think this is significant.