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Normally I would say financials being released on a Friday would be a bad scenario. In SKTO's case, it would likely be a good thing as they have released some sweet news in the past on a Friday.
Illinois House approves use of medical marijuana
By REGINA GARCIA CANO | Associated Press – 24 mins ago
http://news.yahoo.com/illinois-house-approves-medical-marijuana-200533858.html;_ylt=AwrNUbBUOW9R_REAlCLQtDMD
SPRINGFIELD, Ill. (AP) — Illinois physicians could prescribe marijuana to patients with specific terminal illnesses or debilitating medical conditions under legislation approved Wednesday by the state House.
The proposed legislation creates a four-year pilot program that requires patients and caregivers to undergo background checks, limits the amount of marijuana patients can have at a time, and establishes cultivation centers and selling points.
Lawmakers voted 61-57 to send the measure to the state Senate, where a version of the bill was approved in 2009. Senate President John Cullerton's spokeswoman said this week that he supports the legislation.
Gov. Pat Quinn hasn't said whether he would sign the measure should it reach his desk.
Supporters said marijuana can relieve continual pain without triggering the harmful effects of other prescription drugs. They touted the legislation as a compassionate measure that would save patients from the agony caused by illnesses such as cancer, multiple sclerosis and HIV.
"I know every single one of you have compassion in your heart, this is the day to show it," said Rep. Lou Lang, the sponsor of the bill. "... Let people feel better, let them have a better quality of life."
The bill lists more than 30 medical conditions for which patients can be prescribed marijuana.
The legislative proposal prohibits patients from growing their own marijuana. Instead, the state must approve 22 cultivation centers, as well as 60 dispensaries where patients could buy the drug after getting a prescription from a doctor with whom they have an existing relationship. The legislation sets a 2.5 ounce limit per patient per purchase.
Patients who choose to take marijuana automatically consent to submit themselves to a sobriety field test should a police officer suspect they were driving under the influence of the drug.
Lang, a Democrat from Skokie, said the bill is the strictest in the nation. Still, opponents say the program would encourage the use of marijuana for recreational purposes.
"It's going to cause confusion in our communities," said Republican Rep. Mike Bost of Murphysboro. "... I will guarantee you that we will be back adjusting this legislation ... because of the problems that can occur or we will be back in this floor for the legalization of marijuana."
Lang and other supporters have been trying to legalize medical marijuana for several years. A measure that had cleared the Senate failed in the House in 2011, when six Republicans and 50 Democrats voted yes.
Quinn on Wednesday said the bill's sponsor hasn't reached out to him to build support on the measure.
The Democratic governor said he was recently visited by a veteran suffering from war founds who was helped by the medical use of marijuana. Quinn said he was "impressed by his heartfelt feeling" on the issue.
"I'm certainly open-minded to it," he said.
Eighteen states and the District of Columbia allow the use of marijuana for medical purposes.
A report issued earlier this month by the Pew Research Center poll showed that 77 percent of Americans say marijuana has legitimate medical uses.
___
The bill is HB1.
Online: http://www.ilga.gov
_____
Contact Regina Garcia Cano at https://www.twitter.com/reginagarciakNO
I agree OceanEagle1...I think the makers have done a solid job of keeping SKTO's pps from closing at some key price points over the past several days.
Now if the buying pressure were heavy enough, they would not be able to do so. However, that has not been the case as the daily volume has been light enough to allow them to dictate the flow.
No worries though. I think we know what is coming very soon.
Marijuana, or cannabis, as it is more appropriately called, has been part of humanity's medicine chest for almost as long as history has been recorded.
Of all the negative consequences of marijuana prohibition, none is as tragic as the denial of medicinal cannabis to the tens of thousands of patients who could benefit from its therapeutic use.
Modern research suggests that cannabis is a valuable aid in the treatment of a wide range of clinical applications. These include pain relief -- particularly of neuropathic pain (pain from nerve damage) -- nausea, spasticity, glaucoma, and movement disorders. Marijuana is also a powerful appetite stimulant, specifically for patients suffering from HIV, the AIDS wasting syndrome, or dementia.
Emerging research suggests that marijuana's medicinal properties may protect the body against some types of malignant tumors and are neuroprotective.
Currently, more than 60 U.S. and international health organizations support granting patients immediate legal access to medicinal marijuana under a physician's supervision.
Got it...."+)
C-SPAN1 or 2?
You are 100% correct. MMJ and C-Span in six minutes. Could be a big catalyst for SKTO
Good for me....grabbed a few more.
Wow, you have very unrealistic expectations. SKTO traded incredibly well today with a green close. Look at how much it has gone up over the past several weeks. It could have easily been walked down to either support level # 1 around .0376 or even # 2 at .0258.
Imo, today's trading action should give anyone sitting on the fence all the confidence in the world to jump in ASAP tomorrow am. SKTO is obviously going much higher, and the recent trading action and chart fimly supports this line of thinking.
BCRX - The rising number of bird flu deaths, 13 at last count, have raise the specter of a pandemic given that the new H7N9 virus has not infected humans before and therefore they have no natural immunity. Closer home, U.S. bio-pharma firm BioCryst (NASDAQ:BCRX is getting bullish investor attention on speculation that the flu deaths could also spark demand for its peramivir anti-flu treatment.
http://wallstcheatsheet.com/stocks/flu-pandemic-specter-boosts-outlook-for-vaccine-firms-and-4-other-hot-stocks.html/?a=viewall
The rising number of bird flu deaths, 13 at last count, have raise the specter of a pandemic given that the new H7N9 virus has not infected humans before and therefore they have no natural immunity. Closer home, U.S. bio-pharma firm BioCryst(NASDAQ:BCRX is getting bullish investor attention on speculation that the flu deaths could also spark demand for its peramivir anti-flu treatment.
http://wallstcheatsheet.com/stocks/flu-pandemic-specter-boosts-outlook-for-vaccine-firms-and-4-other-hot-stocks.html/?a=viewall
BCRX.....Second Bird Flu Case Found in Beijing
http://online.wsj.com/article/SB10001424127887324030704578423862161608992.html?mod=e2tw
BCRX.....Second Bird Flu Case Found in Beijing
http://online.wsj.com/article/SB10001424127887324030704578423862161608992.html?mod=e2tw
BCRX.....Second Bird Flu Case Found in Beijing
http://online.wsj.com/article/SB10001424127887324030704578423862161608992.html?mod=e2tw
Dig my new SKTO siggy? It takes some time for that little dude to spray paint his message, but it gives you ti9me to read all the posters....lol
Me too....even got me to change my siggy in support of SKTO
Back at ya dDT!
Based on all the dd I have done, SKTO's pps could definitely see $2.00/share.
This share price is based on only what we know regarding contracts etc. Obviously one could extrapolate out into future contracts/revenues/mergers/alliances etc. and the share price could get into the $10 plus range.....but for now I think trying to keep it real is the best path to take.
For now let's keep it really real and shoot for that 52 week high of .08 first....then we can tackle .15, .25 and so on..........
Based on all the dd I have done, SKTO's pps could definitely see $2.00/share.
This share price is based on only what we know regarding contracts etc. Obviously one could extrapolate out into future contracts/revenues/mergers/alliances etc. and the share price could get into the $10 plus range.....but for now I think trying to keep it real is the best path to take.
For now let's keep it really real and shoot for that 52 week high of .08 first....then we can tackle .15, .25 and so on..........
Based on all the dd I have done, SKTO's pps could definitely see $2.00/share.
This share price is based on only what we know regarding contracts etc. Obviously one could extrapolate out into future contracts/revenues/mergers/alliances etc. and the share price could get into the $10 plus range.....but for now I think trying to keep it real is the best path to take.
For now let's keep it really real and shoot for that 52 week high of .08 first....then we can tackle .15, .25 and so on..........
Well at least it was only $2,500 versus $25,000...... Although if I didn't know I had 25K sitting in my account I would have a lot more to be worried about than not being able to grab a few more SKTO shares at .041 versus .05...... Lol