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You can't always predict how a pump is going to however. Pumps succeed and pumps fail all the time.
Is iequity going to dilute the crap outta this thing?
If a law is unjust, it is everyone's duty to disobey it. SKTO just doing their part. That is such a moot point anyway. The feds can't fight this forever. You should be complaining about not having audited financials.
And you may be right. I'm not sure yet. Still skeptical.
ALso, don't put too much money into one stock. Nothing is a sure thing. Especially in pinky land. Especially when financials are not audited.
Hard to say. In penny land anything is possible. the crowd could catch on and momentum could drive this very high, or it could drop. You never know in penny land.
Make money for them to waste. Are residents in Colorado and Washington not allowed to grow their own plants?
The feds go after the distributors not the individuals generally. However, it is a moot point since MJ will be legal at least medically in most states soon and the fed won't be able to do anything about it. They don't have the resources to stop the whole country from smoking pot now. When states start legalizing it suddenly that is gonna change. No.
Asking questions is a form of debating. This is what we are all doing here. Debating the value or potential value of SKTO.
Ok, so what you are saying is taht it is a bad thing that I ask questions about SKTO when considering buy it?
I know you are trying to discredit me, but you are not doing a very good job.
Ok fair enough. I'm just saying it's not really a reason to not buy when it will be legal eventually.
I know. It's just people keep using that as a reason to trust SKTO. I don't think it is a good one is all I am saying. Until audited financials come out, people will always question the numbers. I mean if they are making all that money, why not audit the financials?
The feds are fighting a losing battle, so it's hard to use that argument anymore. More and more states are doing it. The feds will have to climb on board soon enough.
Except how is any of what the Lt. Governor says that obvious? Just cause he says it doesn't mean it's true. ALso, we haven't really seen the business practices of SKTO, since they have just started this business.
Also, why does everyone think all of a sudden that politicians don't lie?
SKTO looking like it might go red. People don't seem to trust this stock anymore. I think we need audited filings.
I don't see why the filings would not come out. They have been filing letters on otcmarkets as recently as March 6, 2013. And multiple times this year. It seems the filing will come.
Hard to believe this one is trading where it is. Am I correct that the 4000000 settlement alone should put this at 5.7 cents per share? about 70 million shares outstanding.
Joined you on IBGH and AVSC otc. I like them. Thanks for sharing them.
IBGH 4 million dollar 4th q coming.
After the close of the third quarter of 2012, IBGH won a judgment for $4,000,000. This judgment is not reflected in the previous quarters financials.
http://www.otcmarkets.com/financialReportViewer?symbol=IBGH&id=100096
IBGH 4 million dollar 4th q coming.
After the close of the third quarter of 2012, IBGH won a judgment for $4,000,000. This judgment is not reflected in the previous quarters financials.
http://www.otcmarkets.com/financialReportViewer?symbol=IBGH&id=100096
They put the annual report on OTCmarkets so they are obviously going to do it.
Haha thanks for clearing that up. Not too much negative to say right now about SKTO. But lots of positive news lately. All questions answered. Any questions we have now I am confident will be answered soon.
How do you know they did not collect it?
We have fins, Kevin allyn, five million in earnings, life is good.
No that's about right. Even the most conservative estimates are like 1000% from these prices. What kind of gains will tomorrow bring?
O/S 362,050,303, per OTCmarkets.com as of 4/15/2013
Net Income $4,928,823, per 2013 Q1 Financials.
Considering this is one month of work, a conservative estimate on annual profit would be $40million.
$40,000,000/362,050,303 shares = 0.1104 cents EPS.
Then a very conservative P/E ratio of 5 gives us $0.55 per share.
Thanks. We shall see what the next few days brings.
ANyone know what L2 looks like? I don't have access to it.
Anyone know the reason for the drop?
You can short penny stocks. You just need a broker that will allow you to do it. Most don't.
This company have produced and been transparent with us over and over again. No reason to think they stop that with the fins.
Does anyone know the current percent short?
I feel bad for the people that sold yesterday morning.
Seriously. SKTO management just keeps answering the calls. How anyone can question this company now I don't know.
They are making this a legitimate business by paying down taxes. If they are willing to pay 278k for taxes, then this makes me think they want to make a LOT of money from this business. And they should make a lot of money. Allyn is a great businessman.
I never said Asher was invovled with SKTO. You need to read the whole post.
Yeah I don't like Asher. They are toxic funders from what I've seen. Hopefully Allyn won't need to use them with such a huge potential market that they have, making investors want to invest and make money on this stock. but again, only time will tell.
Dilution will likely occur at some point, but hopefully Allyn is smart and lets the pps go up first, then when he dilutes he gets more money for it. I mean dilution is kind of the point of going public, it just depends on whether the company does well or not that determines whether that dilution ends up being toxic. Only time will tell though.
In the same boat. I have 70k shares of skto and no money to buy more unfortunately. I'll make some money, but some people here are probably going to be rich.