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Thanks,
About as interesting as a soap opera. Hope they get to the bottom of this rather than SKGO's price getting to the bottom of this.
Source?????????
I went to the yahoo board on their discusssion of SKGO and someone mentioned that the merger will not be complete until late January 2011. I asked for the source of their information and am awaiting a response.
If you have so many shares and I have 4 x or more as many shares as you (I vaguely remember our discussion of shares we owned)I would have at least 800,000,000 shares of SKGO which I do not have.
Don't think so unless it is really high volume. People are buying at .0002 and quickly selling at .0003. Profit 50 percent.
There are still 7 orders at 3 so it is really not getting any thinner, however when this takes off, those people may be left in the dust who are messing around with selling at .0003.
This was last reported in early December 2010. SKGO is not hiding anything. Don't forget that the share buyback WILL BE ANNOUNCED WHEN IT IS MOST ADVANTAGEOUS FOR THE COMPANY. I AM SUSPECTING SHORTLY AFTER THE MERGER WITH TEXTRAW IS ANNOUNCED (MERGER MAYBE THURSDAY, DECEMBER 23RD 2010 OR WHENEVER) THE BUYBACK WOULD BE ANNOUNCED AS THAT WOULD BE MOST ADVANTAGEOUS TO THE SHARE PRICE.
Stock symbol: SKGO
Estimated Market Cap: $7,500,000
as of Jan 4, 2010
Outstanding Shares: 2,500,000,000
as of Dec 22, 2009
Authorized Shares: 4,000,000,000
as of Dec 22, 2009
Float(shares): 500,000,000
as of Dec 22, 2009
Skybridge Technology Group, Inc.
2360 Corporate Circle
Suite 400
Henderson, NV 89074
Phone: 647-426-1640 647-426-1640
Fax: 647-426-1640
http://www.skybridgetechgroup.com
Company operates a USA based green energy company www.shotinthegas.com and is in the final stages of a merger with a China based www.sanhetech.com recycling company with over 100 employees and substantial revenues. China merger announcement expected shortly. Company in the process of preparing adequate disclosure with Pink Sheets.
COMPANY NEWS
Skybridge (SKGO) Provides Corporate Update on Textraw Merger
Henderson, NV, December 9, 2010 -- Skybridge Technology Group Inc.?s (SKGO; www.skybridgetechgroup.com) is finalizing on going merger details with its targeted merger candidate, Textraw.
SKGO announced on October 5, 2010 of courting Textraw as a potential merger candidate. Since then, the delay in the merger proceedings has been due to arranging satisfactory non-stock and or stock collateralized loans or other financial instruments to close the transaction. SKGO is working with several accredited investor companies seeking assistance and is confident that a resolution will be reached shortly. A European based investor group is currently evaluating and valuating this lucrative marriage proposal of SKGO and Textraw.
Besides these administrative hurdles, the Textraw and SKGO managements see the great potential of this merger, and the merger is to close as early as the Christmas holidays or at latest mid 1st quarter 2011.
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Financial Analysis
Trucking Company 7.22.08 Projected Savings
5% 10% 15% 20%
Current Data (Gallons used are adjusted based on percent savings)
I. FUEL
A. Usage Gallons
. Monthly - Gallons 60,000 57,000 54,000 51,000 48,000
. Annually Gallons 720,000 684,000 648,000 612,000 576,000
B. Costs US Currency
. Current Per Gallon $4.80 $4.80 $4.80 $4.80 $4.80
. Monthly $288,000 $273,600 $259,200 $244,800 $230,400
. Annually $3,456,000 $3,283,200 $3,110,400 $2,937,600 $2,764,800
II. Product Shot in the Gasâ„¢ Liquid
A. Amount Required
. Monthly Gallons 20.00 19.00 18.00 17.00 16.00
. Annually Gallons 240.00 228.00 216.00 204.00 192.00
B. Product Cost
. Monthly $5,400 $5,130 $4,860 $4,590 $4,320
. Annually $64,800 $61,560 $58,320 $55,080 $51,840
III. Savings due to Increased Mileage
. Monthly N/A $14,400 $28,800 $43,200 $57,600
. Annually N/A $172,800 $345,600 $518,400 $691,200
IV. Shot in the GasTM Cost*
. Monthly N/A $5,130 $4,860 $4,590 $4,320
. Annually N/A $61,560 $58,320 $55,080 $51,840
V. Total Net Savings
. Monthly N/A $9,270 $23,940 $38,610 $53,280
. Annually N/A $111,240 $287,280 $463,320 $639,360
VI. Per Gallon Net Savings
. Monthly / Annually N/A $0.16 $0.44 $0.76 $1.11
*Less shipping, taxes, etc.
Shot in the Gasâ„¢ Liquid Cost per Gallon to Treat
15 Gallon $0.09
55 Gal Drum $0.08
Pricing: 8¢ to 9¢ per gallon depending on the quantity of Shot in the Gasâ„¢ Liquid purchased.
1 Gallon of Shot in the Gas LiquidTM treats Approx. 3000 gallons of fuel (2944 gallons).
Post Unavailable
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I heard a lot about what you said here (earlier) but not explained in quite the manner that you have done. Very interesting. I did confront Mark about some of this a couple of months ago or so and he denied everything. Actually he became very angry at me and did not want to talk to me any more.
The black plague has returned. Always seems like around the corner from a PR to discourage and create doubt in investors minds. Hold on to your shares. This will fly. Maybe as soon as next Thursday:)
When this thing runs on December 23rd, they will sell a couple of shares (say at a penny) and have enough to purchase the next deal.
If they are bidding on the LED company as well then it sounds more of a sure thing with Textraw (with the financing), otherwise why would they move on and bid on another deal.
SKGO
While the China subsidiary lays low, the company also bids on the European LED light manufacturer. The Textraw deal is being worked on and financier is seeking some due diligence before they proceed. Targeted closing date December 23. We are cautiously optimistic on this aggressive date but it sure would make a nice Christmas present.
So are you saying that Mark has his own agenda to recover some of his loss by getting a good run on the stock?
No, I loved the company until I picked up on Mark that shareholder value WAS NOT important to him. He followed that up with his move to get the cap to 20 billion which further re-iterated what he thinks about his shareholders. If the cap was set at 5 billion, I would consider coming back but he won't do that. He did not even bother to reply to the email. I think it was a legitimate gripe to get ticked off at a 20 billion share cap. No one wants to stand up to him but someone had to.
Tell that to ALL of the other shareholders. 20 B hanging over our heads spells dilution no matter how you look at it or no matter how long it takes to sell that many shares.
20 billion also spells I don't care about any one but me the CEO.
He is using everyone only to finance his company. Unless he knocks down the cap, the long term future of the company will include a RS split. In his mind Mark is delaying the inevitable which he has probably already planned out. You change the cap in SMALL increments (not large increments). Shows you what kind of confidence Mark has in his own company.
Mark is missing three elements as CEO.
CEO 101 - (how to run a company).
honesty and transparency (if he says he is going to do something; keep everyone updated frequently on how things are progressing.
I do not see any of these set skills in Mark.
It is all HUSH HUSH. I think he gets high off all of the noise on the board (all of the attention).
Tell that to ALL of the other shareholders. 20 B hanging over our heads spells dilution no matter how you look at it or no matter how long it takes to sell that many shares.
20 billion also spells I don't care about any one but me the CEO.
He is using everyone only to finance his company. Unless he knocks down the cap, the long term future of the company will include a RS split. In his mind Mark is delaying the inevitable which he has probably already planned out. You change the cap in SMALL increments (not large increments). Shows you what kind of confidence Mark has in his own company.
Mark is missing three elements as CEO.
CEO 101 - (how to run a company).
honesty and transparency (if he says he is going to do something; keep everyone updated frequently on how things are progressing.
I do not see any of these set skills in Mark.
It is all HUSH HUSH. I think he gets high off all of the noise on the board (all of the attention).
I don't think 20,000,000,000 billion spells = CARE.
NO possibility in my opinion.
EMAIL I sent to Mark today.
Mark,
Now I know you do not know what you are doing or you have an incredible I don't care attitude toward shareholder value and shareholders.
Raising the cap to 20,000,000,000 just DESTROYED BOTH YOUR COMPANY and your REPUTATION.
The only way to salvage it (your business and reputation) is to lower the cap back to 5,000,000,000 (highest), announce something in the order of an apology and then start stating the facts. I am out of your crapy companie so I do not care, but I care about the other shareholders you are SCREWING.
IF YOU HAVE A PLETHORA OF NEWS FOR MIKP WHICH YOU CLAIMED TO ME than 20,000,000,000 is baloney.
You can get the COMPANY to fly but you will have to start communicating regularly, maybe on the MIKP message board (where it won't cost you money).
Right now, You are highly considered and I am speaking for many, a typical pink sheets BIG TIME SCREW OFF CEO.
I am posting this msg. on the board RIGHT NOW.
The only other motive for Mark saying that the cap has been increased to 20,000,000,000 is so he can make an announcement down the line to the fact that he is lowering the cap to 10,000,000,000 then to 8,000,000,000 and then to 5,000,000,000 or something on that order to make people think he is doing a big thing by lowering the cap.
The only surprise that Mark will have is the RS split.
After I read about the cap being raised to 20,000,000 I realized my hunches about Mark were justified and that he did not give a hoot about the shareholders. What would have been a better way to handle the whole thing would have been to raise the cap to say 5 billion and stream line news to the shareholders and become transparent. Mark doesn't care about shareholder value.
When a CEO says I am sorry you feel that way it raises doubts in my mind about the authenticity of the CEO.
My personal opinion if Mark doesn't relent on his 20,000,000,000 cap is to get the heck out before you lose even more. 20,000,000,000 spells only one thing, MEGA DILUTION.
I think you wanted to say cellar rather than ceiling. If it was at the ceiling it would have nowhere to go but down. If it is at the cellar it would have no where to go but up.
I agree. More times than not when there are major announcements PR's that come out, the stock goes down. Then at some point later it really takes off. Irritating as can be but that is stock manipulation at its best.
The only problem here, is I just could not take the chance of losing a couple of thousand dollars worth of MIKP shares if the CEO was a crook and after all of the appeared nonsense. Result= I pulled out.
If I pull out of a stock, like I did here, more times that not the stock price goes up shortly thereafter.
If fact it is almost a guarantee.
Wrong stock.
Mining companies that are already established and mining companies who need help with financing and want to get established may be two different things.
Yeh, .011, sell by .009 and then jump from the building:)
Probably a signal to bring it to 4 and then 3.
JD is shrewd. He is getting more money after the reverse stock split then he got before it by selling shares. Nothing is going to become of this company. He is probably spending the money as we speak. I don't think he is spending money on technology either.
Davenport will only create more shares for yourself to keep you from gaining control. Kind of like how the US prints money whenever they need it even though there is nothing backing it up.
How loooooong does it take to finalize a merger?
I am done for now, speculating what Mark is up to.
He made so many proclamatios about how well things are going for them, but never any iouta about MIKP in the form of PR's.
I went back and forth with him (emails) several times, and he would say this and that but the bottom line is he isn't business orientated or he would do what he is doing so much differently such as one generic MIKP PR on what is going on behind the scenes.
I pulled all my shares out as I got tired of no (seemingly) action on Mark's end. I do not know if I am right in doing so, but there are a lot of businesses out there who will be a little bit more transparent to their investors.
I think you are in the wrong stock. The one you are thinking about is NWTT which made an announcement to that affect.
My sell order is where my mouth is and that is way beyond three's.
I have no control about other people's stock insecurities, but I suppose with SO many shares out here (almost 5 billion cap reached) there will be those who want to sell cheap and get the heck out when they can. Doesn't make sense, but to each their own.
I bought back in today, however it is quite perplexing when I hear about let's get rid of the 3's. At the same time people are saying that, they are selling their shares for 3's.
The fastest way to get rid of 3's is to cancel the order you have out there. If this stock is so grand and ready for a run, let's show a little confidence in this stock by not stockpiling up 3's sell orders when it should be .003.
Simple.
Personally, I hope it isn't time for SKGO for selfish motives. I want time to get more money to buy more stock.