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Whether it be cash or stock dividend, short sellers would be on hook to pay said dividend at ex dividend date to rightful owners from whom they borrowed the stock. Likewise, naked shorts on their phantom shares. Therefore, a dividend announcement can drive short covering.
skto
April- That's an intriguing idea. Just the idea of a penny stock issuing any cash dividend is a big attention getter.
In addition, on the ex dividend date, short sellers must pay any dividend to shareowner(s) from whom they borrowed the stock. Naked shorters would also be obligated to pay the dividend on the phantom shares they sold. LOL It exposes the shorts to the light so to speak.
skto
Hi, Ocean. Given their importance, could you place the main SK3 website link and (SKTO acquisition) Berkeley Bio facebook link in I-Box? These crucial pieces of information are missing there. Can't PM. Only SKTO twitter and facebook links are there now. Thanks in advance.
SK3 Group, Inc. (SKTO)
http://www.medicalgreens.com
Berkeley Bio-Organic Research Laboratories
https://www.facebook.com/berkeleybio
Suggestion: I-Box lacks SK3 Group web-link and Berkeley Bio (SK3 acquisition) facebook link. Can't PM. TIA
SK3 Group, Inc. (SKTO)
http://www.medicalgreens.com
Berkeley Bio-Organic Research Laboratories
https://www.facebook.com/berkeleybio
In general, I think that OTC short campaigns attempt to restrain or affect price movements to levels manageable by market makers. MMs routinely sell naked shares (shares not borrowed or in inventory), especially, during heavy demand trading days. These shares must be covered within a specified time period. When price moves far and fast on major volume, MMs can get caught selling millions of naked shares in the course of their assigned duty to maintain an orderly market. That is when, in my opinion, the external calvary is informally called in for assistance.
Re: "Now is the time to get in for the next leg up into silver and eventually to dollars."
Haven't heard that old expression "next leg up into silver" for a while. Thanks.
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4kw means $0.10 or more.
Before 1965, coins like dimes and greater were 90% silver, and, in modern times, the dime was the lowest coin denomination containing silver -- the penny being brass (now copper-plated zinc) and the nickel being 75% copper and 25% nickel. War time (WWII) nickels contained silver instead of copper, needed for war effort. Today, dimes and greater are made of a cupro-nickel alloy.
skto
Lulling shorts into complacency isn't such a bad thing. Then, when the trap is suddenly sprung, it has more of an upside effect.
skto
"Rich Americans More Often Watch Mansions Fall Into Foreclosure"
This practice of walking away from a mortgage, known as a strategic default, has become more common among the wealthy and other financially-savvy homeowners.
"Strategic defaults can be an even bigger issue with higher-end homes...because the borrowers may be more financially shrewd and consider it a financial decision to walk away from the home," RealtyTrac's Daren Blomquist explained to Forbes.
http://www.huffingtonpost.com/2012/02/23/foreclosure-crisis_n_1296598.html
As was this important information re SKTO and our new acquisition.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87837833
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87833395
Also see:
B- Yes. Dr. Charles L. Apel and David Hoyer are the co-founders of Berkeley Bio-Organic Research Laboratories. This collaboration was preceded by decades of quiet study by both Apel and David Hoyer (nom de plume, D. Gold) into scientific and medicinal possibilities of MJ. In 1972, Gold developed methods and techniques for extraction and purification of medicinal cannabinoids described in "Cannabis Alchemy" which sold over 100,000 copies. That work was carried out with the collaboration of Dr. Charles Apel. Gold also published a work called "Solargas."
Dr. Apel is also a published scientist and Ph.D. (see citations below) who worked at NASA/Ames Research Center and consulted at Los Alamos Research Center.
Stockholders are very fortunate to have men of their knowledge of MJ/MMJ and practical and scientfic experience working for our team, not any would-be competitor.
Ramm- Thanks. Important find. Cannot be underestimated. Allyn's master plan for SKTO obviously includes, among its listed purposes, development of bio-pharmaceuticals. In that sense, businessman Kevin Allyn is as much a pioneer as regards MMJ as is Dr. Charles L. Apel, who has spent decades quietly studying the properties of this remarkable plant. Allyn and Apel, synergy at work. $$$$$$$$$$$
"Kevin Allyn and the incredible staff of SK3 are providing serious cannabis researchers, such as us, with the resources and tools to investigate and develop the medicinal aspects of the cannabinoids, especially the non-psychoactive components of the plant." - Charles L. Apel, Ph.D.
Only to comment in general that paring down SKTO share holdings before announcement of appointment of CEO may not the best idea under the sun. On the other hand, buying on dips before same is not a bad idea at all. eom
"There are more things in heaven and earth, Horatio, than are dreamt of in your philosophy." Wm. Shakespeare
Same old, same old. Look, no one is disputing Jan is CEO of iEquity (no one in iEquity owns more than 10% of that entity) which corp will own 60% of SKTO. We all know that. However, it's also indisputable that Kevin Allyn (convenient to Burbank) is chairman of SKTO and Jeff Benz is general counsel and executive V.P. along with Choo as Dir. Operations and then Laughlin (Media). We await the announcement of appointment of SKTO CEO, which will settle many arguments here.
The Allyn group converged on an existing tradeable, SKTO. It has a past. Doesn't every lowly pinkie? But the Allyn group is proving its mettle, In less than two months, they've brought SKTO to OTC Pink Current and removed CE. The share structure is enviable. The Lt. Gov. of Calif has strongly praised it because SKTO will help the state to fulfill crucial functions re MMJ going forward. It's absurd to say that Allyn is doing all this just to pay the mortgage. LOL Besides, he doesn't have to pay the mortgage; he's using strategic default like a lot of other rich acquaintances no doubt.
Re: "Allyn is a puppet to try and save his house." (LOL!)
Thanks. Mailing address Burbank, CA, Allyn's stomping ground. A vehicle for the Allyn group. Who else in this drama could have attracted $150 million? Florida has no corporate income tax.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87620877
CA Lt. Gov. Gavin Newsom: "SK3 Group's Chairman, Kevin Allyn, continues to assemble his world class team, it's obvious that they are going to bring real change to medical marijuana by developing best practices to assist state and local governments better deliver, administer and monitor a controversial and growing industry. With recent surveys showing that a majority of Americans support legalizing marijuana, this business is bound to grow."
Looking forward to announcement of appointment of SKTO CEO.
Either conversion scenario, yours or mine, cannot affect O/S for at least an entire year. Basically, a non-issue for a long time. The far more important issue is how far the company progresses in the next few months. Each will hold a separate opinion -- bullish, bearish or neutral -- on that count. The SKTO preferred holders' self-interest would seem to be best served by the company's success going forward.
Re: "I can't ask the Justice Department to say, 'Ignore completely a federal law that's on the books.'"
Hollow words. He does ignore federal law in matters that suit him. Obama has specifically instructed the DOJ to no longer defend the constitutionality of DOMA, a federal law.
Thanks. 348Mil. Try this, Q1: "60% of then issued and outstanding."
363Mil (O/S) x 1.6 (160%) = 580.8Mil.
60% of 580.8Mil = 348.5Mil.
If all preferred converted to 348.5Mil in May 2014 (preferred can't convert until one full year elapses), they stay with 60% control of common, assuming current O/S.
From Q1: "..the preferred will carry 60 percent of the total vote of all classes of stock voting on any matter, and will be convertible into a resulting 60 percent of the then issued and outstanding common shares, at the election of the holder. No additional shares were issued during the quarter ended March 31, 2013."
In addition, there is a one-year holding period before any of the preferred shares (not yet issued) can be converted into common.
For example, if the current O/S holds at current 363Mil a year from preferred issuance, the resulting O/S after total conversion (an unlikely scenario) would be maximum 580.8Mil shares.
Further, "no person or entity holds more than 10 percent of the equity of iEquity Corp."
skto
B- I think the idea has been to limit the upside while positions are squared. In just one two-day period, I counted no less than 300 posts by same alias. Not to mention, the relentless collateral artillery. It was quite a staged all-out campaign by drones lasting weeks. No doubt, very substantial amounts were indirectly and/or directly at stake.
E- Definitely on track. There are proceedings at the State House which are very favorable to SKTO. Indeed, it could be argued that MMJ bills moving at CA State House (senate and assembly) and the firm SKTO are inextricably linked.
Background:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87725415
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87622428
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87720760
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Trader Green recently offered insight into crucial CA assembly doings re MMJ.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87764842
Trader Green:
"Looking at CA's legislative calendar the last day for bills to be passed for either house is May 31st (before summer recess).
Both SB 439 and AB 473 have been read twice and all that's needed is the third reading to bring it to a vote:
V. Third Reading in House of Origin
The measure listed on third reading file is taken up for final passage when the author is ready to present it.
1. The author of a bill makes the case for approving the bill, and floor debate may take place.
2. Members of the House may ask questions of the author and make statements of support or opposition to the measure.
3. Vote on final passage of bill is by roll call.
VI. Procedure After Bill Passes House of Origin
Sent to the other house, where the same general procedure is followed.
If passed in second house, bill is returned to house of origin with a transmittal message stating either:
1. Bill passed second house and may be enrolled and sent to the Governor, or
2. Bill passed second house with amendments, and concurrence in amendments by house of origin is requested so that bill may be enrolled and sent to Governor.
CA Dept of Finance
SB 439 (Regulation of MMJ) was on the schedule this Monday, but was passed up (no biggie, just didn't get to it). I personally feel one or both of these will pass prior to that date and sent to the other house.
I don't know that it will be law by the end of May, but with news coming out of Vermont and CO recently I don't know if they are going to want to wait until August (after summer recess) before they can look at this again (first state to legalize it, but last state to regulate it, they would look like fools). KA wasn't brought on board to sit around and twiddle his thumbs until August...
My "fingers crossed" guess: One bill passes soon and is fast tracked through the other house to be signed by the Governor no later than July 12th (cutoff for signing bills).
Whether I'm right or wrong on the APS thing, I'm guessing we get some CA legislative news sooner rather than later. What if both a promo and exceptional news come together? POP!
I still think the company is holding back on the website updates about the company and that info is just the push of a button away. Now I'm thinking that they are just waiting for one of these bills (maybe both) to pass before they push it. They don't want to come out until they can word exactly how they need to to mirror what the new law will most likely be.
I think with their connections they already know what the gist of it will be, but probably not all the exact details. Should be a good month here IMO."
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Re: "My target is just above the high of the first leg of the runup."
Out of curiosity, do you have a price range for that target? TIA
For major MJ news out of Colorado see these posts:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87763214
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87764208
skto
The purpose of my post was to establish whether Thermoking had, as alleged, visited the Hipple office site in question. His photographic evidence combined with Google data show that he did. As to what conversation, if any, may have transpired with Hipple is based on Thermoking's report. One can choose to believe it or not.
R- Also his argument appears to hinge on only three shareholders @ 5.5% each for 16.5%, whereas there are other larger shareholders not mentioned. Altogether, they constitute majority control of the firm.
TK- Did he forget about these big shareholders who obtained shares directly from company? The three 5% holders he referenced bought shares on open market. If these holdings are combined with the latters' 16.5%, it gives them collective control of over 65% of O/S of the company. More than enough, it would appear, to vote Allyn in as Chairman and make other changes. Not to mention that the preferred shares were not issued then and even now not yet formally issued.
"The shares were issued in January and March 2011, as reflected in the attached Exhibit 4A, for a total of $222,059 in principal and accrued interest on the underlying debt. As a result, there have been a total of 362,060,303 common shares and no preferred shares issued and outstanding as of March 31, 2011, through December 31, 2012 and as of the date of this Disclosure."
TraderGreen- Splendid post. Re CA gov't and SKTO, your post adds further dimension, welcome detail, and sharp vision to the Big Picture fast emerging. SKTO is going places, and you've nailed it. Well done. Your post deserves a stickie.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87764842
Here are a few idle thoughts, as well.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87622428
phizzy- Thanks. Great find. SKTO can reach to nearly two dozen states, including Colorado, with its MMJ business model which is "a complete state-of-the-art service package for the collectives we will manage and consult" (K. Allyn), not only for California. In my view, that is precisely the big plan to be executed by this team before long. The last thing one should do, as the old saying has it, is to sell this company short.
http://www.medicalgreens.com/AboutUs
Chairman Allyn stated:" California was the first state to legalize medical marijuana and now, with the help of The SK3 Group, Inc., it will take the lead again by implementing best practices and paving the way to bring this and other alternative emerging medical treatments to market. This is a historic and pivotal time for medical marijuana, and I am proud to be a part of The SK3 Group’s leadership role in bringing stability to this versatile treatment for patients in need of its benefits.
Gavin Newsom, Lieutenant Governor of California: "As SK3 Group's Chairman, Kevin Allyn, continues to assemble his world class team, it's obvious that they are going to bring real change to medical marijuana by developing best practices to assist state and local governments better deliver, administer and monitor a controversial and growing industry. With recent surveys showing that a majority of Americans support legalizing marijuana, this business is bound to grow."
http://www.medicalgreens.com/
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http://mmjbusinessdaily.com/2013/05/09/top-20-business-related-aspects-of-colorado-recreational-marijuana-regulations/
"#3. Individuals who currently run dispensaries, cultivation sites and infused products companies that are licensed by the state – or have a pending license application – are the only ones who can apply to operate recreational cannabis businesses until July 1 of next year. Dispensary owners can either convert their operations to focus solely on the recreational side or keep the MMJ business and add a retail arm as well. They can apply to have both the medical and recreational businesses at the same location if local laws allow for such an operation. When the license becomes effective, the applicant must identify the medical marijuana inventory that will become retail inventory, and there must be “physical separation” between the two.
#4. Entrepreneurs who do not currently own dispensaries can file a notice starting Jan. 1 saying that they intend to submit an application. When the state begins accepting general applications in July 2014, it will give preference to those that submitted a notice of intent. Licenses for this group would then become effective as early as Oct. 1."
Vermont Lawmakers Approve Marijuana Decriminalization Measures
Wednesday, 08 May 2013
A pair of legislative measures that seek to significantly reduce marijuana possession penalties have been approved by House and Senate lawmakers. Senate Bill 48, was approved in a 24-6 vote by the Vermont Senate. Similar legislation, House Bill 200, was approved by House lawmakers in a 98-44 vote. Both chambers now have to agree on a compromise measure, which will be sent to the Governor, who has been openly supporting the measure.
These measures amend the penalty for the possession of personal use amounts of marijuana by a person 21 years of age or older from a criminal misdemeanor to a civil fine. House Bill 200, with nearly 40 co-sponsors, imposes fine-only penalties for the possession of up to two ounces of cannabis, as well as for instances involving the cultivation of marijuana for personal use. The Senate version implements changes on up to one ounce or less.
A statewide robo-poll by Public Policy Polling found that 63 percent of respondents backed lowering penalties for possession of less than an ounce from a $500 fine and up to six months in jail, to $150 and no jail time. In November, Burlington residents voted overwhelming -- 70 percent -- in favor of a nonbinding resolution supporting legalization.
skto
Was this a great expose', too?
SKTO opened that day (March 13) @ 0.004. Now, it's 0.0386, almost 10X higher. A lost opportunity for the accrual of real wealth had one heeded this:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85626988
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=85645060
(Posted March 13, 2013, the day Kevin Allyn was appointed Chairman of SKTO.)
Sorry, not buying your argument based on your alleged Kelvin Pan screenshot. My evidence shows that with the timeline established, it would make no logical sense to exist. Hipple is a phantasm at this point.
But who really placed that name there? Hmmm? My evidence shows that fleeting inclusion makes no logical sense based on the established timeline.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87388762
WM: That assertion stretches credulity. See discussion below.
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87388762
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=87387538
Thanks, Thermoking. Allyn group rules the roost at SKTO. How could iEquity (60% owner of SKTO) attract $150Mil otherwise? No one at iEquity holds 10% or more of SKTO, including Jan. Who else would lodge there if not the Allyn group, the big boys who alighted upon the once castaway SKTO?
Agree. It's yet another red herring born of desperation.
Thanks for your thorough and illuminating DD.
Meanwhile, a pattern of quiet accumulation in the 0.04's continues from yesterday noon. A meaty PR, and it's off to the races.
Another manufactured non-issue bites the dust. After the absurd charge of "84 billion shares," anything is liable to spring forth from the sausage factory. Ugh.
All- It's all baked in the cake. SKTO.