According to my DD SKGP after R/S per share price will be go down. There was a lot of chances it can move .05 before R/S. I believe we lost that chance. It can only move up .005 now before the R/S. Where is SKGP per share price stand @ this level inside and outsider both are short. This my personal opinion. Please do your own DD before buy, sell or hold. It is a penny stock. Everything is possible here. IMO
Proxy Statement - Other Information (preliminary) (PRE 14C)
Date : 11/03/2011 @ 1:20PM
Source : Edgar (US Regulatory)
As a result, the Board of Directors believes that the Reverse Split could positively affect the market price of the Company’s stock and help alleviate these concerns. Should the trading activity of the Company’s Common Stock increase, no assurance can be given, however, that the market price of the Common Stock will rise in proportion to the reduction in the number of outstanding shares resulting from the Reverse Split.
http://ih.advfn.com/p.php?pid=nmona&article=49802112
Quarterly Report (10-Q)
Date : 11/14/2011 @ 1:11PM
Source : Edgar (US Regulatory)
Going Concern
At September 30, 2011, we had $1,739 cash on-hand and an accumulated deficit of $3,481,379, and as noted throughout this report and our financial statements and notes thereto, our independent auditors have expressed their substantial doubt as to our ability to continue as a going concern as of September 30, 2011. We anticipate incurring significant losses in the future. We do not have an established source of revenue sufficient to cover our operating costs. Our ability to continue as a going concern is dependent upon our ability to successfully compete, operate profitably and/or raise additional capital through other means. If we are unable to reverse our losses, we will have to discontinue operations.
The financial statements included in this quarterly report have been prepared assuming that we will continue as a going concern, which contemplates the recoverability of assets and the satisfaction of liabilities in the normal course of business.
Management’s plans include the raising of capital through the equity markets to fund future operations, seeking additional acquisitions, and generating of revenue through our business. However, even if we do raise sufficient capital to support our operating expenses and generate adequate revenues, there can be no assurances that the revenue will be sufficient to enable us to develop business to a level where we will generate profits and positive cash flows from operations. These matters raise substantial doubt about our ability to continue as a going concern. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.
http://ih.advfn.com/p.php?pid=nmona&article=49937929
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