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Escabar,
It's easy, actually...gotta give the impression things are huge, get buyers for the sell orders already in place.
That's how it works, and how nobody tomorrow will make money, because all the buys will be buying the sells of those who will give the impression of how good things are. And when the bid support is gone...POOF! Wha happen?
One good thing...I'm sure the SEC has been sent the proper links to the CC, and the corresponding lies in their press releases and financials.
Could make a Monday halt? Never know.
IMO/FWIW
So much was conveniently omitted with regards to "transparency," too.
Like why the financials were flat out incorrect NOT JUST on the annual report with regards to written off to bad debt monies, but on the NEW FILING.
Like why a gagged T/A.
Like why they even booked revenues they knew they could never collect.
Like why they didn't just pay Crystal Falls based on what they needed out of the iEquity 3 million that was always claimed.
Just duck and dodge, duck and dodge...oh, and make sure to "anticipate" things happening after the end of the quarter.
Dangle the carrot, indeed.
IMO/FWIW
So tell me then...
Why is it they haven't been able to do it?
For a YEAR since announcing the "engagement" of Bradford & Bradford?
They haven't done it because it would expose the criminal activity that has taken place. Benz is the lawyer for both companies. Why couldn't "The Master" get it done? And why is it all of his correspondence has been done privately, and not publicly, on behalf of the two companies that he's getting paid handsomely to represent? And I use that word VERY lightly.
Of course the SEC may be forcing their hand...and at that point, all bets are off as to who gets rolled on.
First to cop, gets the best deal.
IMO/FWIW
Benz doesn't have anything under control.
He tried to bully someone on Twitter, but never backed up his threat with any action.
If he had the goods he would have gone full out on that person.
He didn't. And he won't.
A merger when handled by the same lawyer for both entities shouldn't be THIS hard, take THIS long.
HOWEVER...when you gagged the TA, have so many convertibles that you'll never be able to audit them all (see Integral's many discussions on that), have PRs that any semblance of an audit would prove were 100% false and misleading, a merger can't, and won't ever, come near completion.
Sorry about that.
IMO/FWIW
There's oh so much they would have to do...and have ZERO intention of doing it.
They would have to show where every single share is owned. Who owns them. How many there are. All the sharecounts in the filings would be proven false. All the convertibles would have to be completely unraveled...revealing the true, awful structure.
They would have to prove the original "contracts" ever existed...and explain why NOTHING was ever paid.
They would have to explain why the convertibles were used as they were, why the conversion rates were what they were.
They would have to explain why they were unable to use any of the iEquity $3 million credit line, or the $150 million of credit iEquity supposedly had to pay their bills instead of doing it via these incredibly handy convertibles.
They would end up admitting that they put out those press releases to sell shares.
They would end up burying themselves.
And they're not going to risk that.
There will be no merger. No audited financials. No 100 million shares of AEGY going to anyone.
Nothing but touts and convertibles.
Sorry about that.
IMO/FWIW
XXWide,
You were the one to post that the products are from certified licensed kitchens.
What kitchens?
Do you mean to say this place didn't carry ANY of SKTO's supposed "products????"
The scam is in full force...
SKTO isn't "Too Legit.." so Allyn, Choo, Loughlin, Jones QUIT.
Knock knock...the SEC's coming.
Matter of time before all the pieces fall.
IMO/FWIW
I-Glow,
And seeing as proper filings have yet to be shown to have been made to permit them to actually collect any "revenues" not from the selling of shares, I think we can figure out where the difference comes from.
IMO/FWIW
I-Glow,
Well, we have to consider that neither of them will actually ANNOUNCE they're "...'walking away," and in fact will likely put a PR out stating that "while the deadline that allows for termination by either SKTO or AEGY has passed, both companies remain steadfast in working to complete this merger,' states A.Mayer/Mayor and Mr. Barererra."
"Once Bitten, Twice Shy" should be the motto.
or maybe the parody "Once, Twice, Three Times a Maybe."
IMO/FWIW
I-Glow,
Not that anyone could really believe there will EVER be a merger, but your post is very important.
The terms of the creation of the "conversion" to "newCo" shares from SKTO and AEGY is based on the "VWAP of the closing price" of 5 days.
Closing price.
So very easily, AEGY could have a sudden closing "tick" one way, and SKTO a closing "tick" the other, and because the day's volume was high, it would weight based on that sole tick, since it states "VOLUME WEIGHTED AVERAGE CLOSING PRICE."
Do this enough of the 5 days, and they can make sure that one set of shareholders receives the benefit, and clearly AEGY wouldn't put it in their filing if it wasn't going to end up benefiting that stock.
Again, the merger will never happen, so this is just psychobabble (using the Alan Parsons Project song reference-how 70's of me!).
I'm sure this is the first that this angle has been referenced.
A halt will surely put the "merger" plans on the backburner.
IMO/FWIW
Sorry, won't be a merger.
A halt? Likely.
Charges? Possibly.
Get ugly? Certainly will.
Coming soon.
IMO/FWIW
Ah yes, The Things We Do For Love, tout-style!
You're right, start submitting those questions now, because in 2015 SKTO will be the leading frontrunner in organizing a plan to formulate a new solar product to light up the night sky all over the world, so there's never a night!
Who needs weed...SKTO sure doesn't! Just like they didn't need healthcare, or mining, or any other of the fads that have gone by with the in-Equity folks.
The CC was designed not to be able to ask the hard questions. That's why it's recorded with deadlines. The "ask me anything" chat line? I've already seen people shut it down...just by asking real questions that can never be answered. They're only around to take questions from people they know will post their happy-go-lucky responses here. Anyone else with actual requests for info? Sorry, we're unavailable at this time. Come back with easier questions.
Still waiting for someone to explain how 8 MILLION DOLLARS in bad debt mysteriously has not been accounted for by SKTO.
Not holding my breath though. I'd be bluer than a smurf.
IMO/FWIW
CGardner,
I didn't know Transparency meant not revealing the name of a collective, but making people guess where on a street they might be.
Or that a gagged TA is transparency.
Or that a bunch of unnamed notes with VERY favorable conversion rates was transparent.
Or claiming 50 million in revenues that never really existed and then not correctly writing them off is transparent.
Or not announcing specifically where Allyn, Choo, Loughlin went. Yeah, that's transparent.
Or not publicly denouncing the 84 touts. Yep, real transparent.
Transparency doesn't match well with SKTO.
IMO/FWIW
One needs to look no further than the volume of SKTO to determine that there were so very few in before the orchestrated P&Ds.
From July 1, 2012, through Dec 31, 2012, there were 48,979,200 shares TRADED. Assume a split of buys and sells.
From Jan 1, 2013 through March 8, 2013, there were 99,925,100 shares TRADED. Assume again a split.
That means that only 148 million and change total shares moved in a period of 8 months or so of dormant company.
My suspicion (and I bet the SEC is already figuring this all out) is that the frontloaders are part of the 99 million traded in those 2 plus months, and that shares were doled out to insiders and touts for the run/PR Blitz.
More than not, traders found themselves getting in closer to the highs, while the insiders exited.
So for them, the run has been from .07 to .0003, and even a run to .03 didn't help, because a)they didn't have the powder after being so heavily invested at the highs and b)the touts were selling into the run, and pushing those who could have gotten out with a gain or less of a loss to "double up."
The stories are loud in the places I hang out...of 78% losses, of tens of thousands of dollars in the red. They pillaged shareholders. And the more transparency you want, the worse the picture will look.
I pointed out the 8 million dollars of missing receivables in their filings. It was great when everyone called it "revenues," but now not so significant because everything's been/being written off anyway.
Their own filings are going to be their downfall. Every press release, every reporting of quarterly "numbers." That's all they are. Numbers typed on a page. Nothing real to them. Except the shares the insiders are dumping. That's all too real.
IMO/FWIW
Nothing transparent about 8 milly missing.
I bet the SEC will concur.
Tick tock.
IMO/FWIW
Ouch...more faked financials by SKTO!
The company claims that they are writing off all the debt at the 100/60 method (100% over 180 days, 60% over 90 days).
Says so in their filings.
HOW-EVAH....
Bad debt written off in 2013 according to SKTO's own filings was a robust $25,051,486.
Bad debt written off in 2014's first quarter was $12,525,743.
That total is $37,577,229.
BUT WAIT...THERE'S MORE!
SKTO reported receivables in quarters 1-3 of 2013 were 35,276,000. Per the filings.
SKTO reported 4Q revenues of $17,527,592. Per the filings.
Per SKTO's own methods, all of Q 1-3 and 60% of Q4 should be written off to bad debt.
60% of $17,527,592 is $10,516,555 (we'll round off the 20 cents).
Add up $35,276,000 plus $10,516,555 and you get $45,792,555.
Subtract $45,792,555 minus $37,577,229.
Yep...my math makes that $8,215,326 (and 20 cents, but who's counting? Not SKTO's crack accountant!)
SO WHERE IS THE $8,215,326??????????????????????????
This is information that you definitely need to include if you're packaging anything to the LA SEC office on this one. I realize you need a pickup to carry the dossier.
Bad news for SKTO.
REALLY bad.
Oops. Sorry about that.
IMO/FWIW
Paycheck. Period.
Services rendered, shares delivered.
Favorable conversions I'm sure.
My guess is we'll find out when the SEC reveals all.
Won't be pretty for SKTO longs.
And more and more are seeing that.
IMO/FWIW
Or is it "get out before the heat is too strong?"
With ALL of the negatives revealed in the financials of SKTO, how could you think a)there will be an SKTO/AEGY merger, and b)with all the bad press for AEGY, how could you think he wouldn't want to distance himself?
Have no fear...he got paid.
IMO/FWIW
Word is...
Frank Gomez is now CEO of Mobile Enterprises.
See ship, see jump?
SKTO and sister are in trouble.
BIG trouble.
IMO/FWIW
I wouldn't be so sure about that.
I see many who are quite concerned.
Some have discussed it here, and are well known to be long SKTO. I hear far more where I hang out from time to time.
I think that the more that reality starts to hit, the fewer and fewer longs will be cheering on the stock.
And when the SEC comes down, I think they'll look around to see what has transpired. They'll ask many questions. And the answers will be quite revealing.
I don't believe it will be only the insiders who will fall. There have been over 80 promotions of SKTO via tout sites. My guess is that they will dig into each and every one. And what they'll find will only add to the fire.
Touts won't want to go down. They'll gladly help the SEC take down the source.
IMO/FWIW
My, my, my...
What I find after a long holiday weekend away! Hadn't had a chance to look over the financials until I got home. Talk about a mess!
So much to talk about, but I need some time to put all the numbers (straight from SKTO filings, of course!) together.
I'll pose a few questions...
I've seen it discussed that the 20 million paid to BBIO was a reasonable sum. Given that BBIO is the supposed reason for anything to come from anything, how would that be right? So therefore, I ask this...All of these "unnamed" "unrelated parties," who are they? Are they as "unrelated" as they say? Might Hoye (and Apel) be receiving shares/cash from sale of shares via some other "entity" or "person" not directly company connected?
The "claims" are that PCG generates revenues of $1.34 million dollars monthly.
A few questions from there.
1.Are they losing money monthly? i.e. Does it matter if they "make 1.34 million in revenue" if they are spending 2.8 million?
2.SKTO's calling those numbers "estimates." How many of their prior numbers have been right? Why should anyone believe this to be different?
3.Why would a company bringing in 1.34 million a month (estimated LOL) sell itself for 25 million shares of SKTO?
4.Can anyone show other than in a Press Release/filing from SKTO any real proof of anything PCG is, beyond a foggy google picture of a big building that probably contains tons of companies in it?
5.Given SKTO's already proven faking of addresses, who is to say that the address we have located is the right one?
So, so many more...but rest assured, it might not be overnight fast, but the SEC is gathering everything up. This will "surge" to a suspension. And I doubt tomorrow because today was no trading...but who knows, surprises are fun.
Not looking pretty. More to come later.
IMO/FWIW
I wonder...
Canceled, or stopped paying the bills?
And define "initiated." With regards to the "audited financials," of course.
I can say "I'm gonna build a mansion!"
Did I "initiate" building said mansion?
SKTO has succeeded in dangling the carrot I see.
For now.
Simple fact is they have no obligation to say another word to the public. They shut themselves up by becoming Pink Limited. They can cancel the CC if they wish, too...I'm sure though that anything they post for that call will be saved and sent to the SEC for review. They'll determine what they want from what they hear. As will we all.
The walls are closing in.
IMO/FWIW
It is a lesson in psychology...
watching a stock like this reach this point.
In the beginning, everyone was on board, just a few people aware of what was taking place, fewer smart enough to truly get out with gains.
As time went on, more holes in the armor. BIG holes.
Suddenly, the positivity is waining.
And now, you have opinions on the company rapidly changing by its most fervent supporters.
I've heard the "SEC LOVES ####" chants before.
I've heard the "they haven't suspended us yet, why is that? Because we're legit!!!" chants before too.
And I've heard what ultimately follows...
"How in the %#^@ could they suspend ####?????"
and the "I never saw it coming" from the most shocked and baited.
I notice that nobody has laid a single challenge to the information Integral has posted. Because every bit of it is real, is valid, and comes from experience. REAL experience.
Jeff Benz's response to the email (which has since found its way off of the internet) was not one of confidence. It was not one of "I know what I stand for." It was pointed questions responded to by "Who do you think you are?" and other questions and "Don't talk to me anymore." He ducked everything. He has never said anything in a public venue that has directly answered the questions. "The contracts are real." But are they SKTO's? Did you actually read them? Why haven't you collected a dime? Threatening those who are exposing what you're a part of on twitter does not an effective lawyer make. If Benz was truly confident about all of SKTO, his threat would not have been on twitter. It would have been in a certified mailing or in person with other lawyers. Benz didn't go there because he knew it was a battle he would not win.
Kevin Allyn vanished because he knew the heat was coming.
Same with Choo, and Loughlin. They want to be as far from this mess as possible WHEN (not if) the SEC steps in. They want to be the ones offered immunity to speak the truth. They'll roll for their own livelihood.
The SEC truly works on a clock different from anyone else. If they can take 18 months to suspend a company who had a CEO that didn't ever exist (but managed to be killed off), they can do just about anything. But one thing is sure...THEY DO ACT.
I'll be curious to see the reactions WHEN that happens.
IMO/FWIW
Carlos7,
Thanks, but I don't think it's anything special.
It doesn't matter if you're a pink sheet limited or a NYSE or NASDAQ company. Nothing put out in a press release that involves names of companies should be untraceable except in press releases from the company putting it out. Beyond a registration for a "Sovereign International Inc." in the CA database, there's nothing. It is easy for someone on the inside to have created (or asked someone to create) the fictitious entity. The Company has yet to prove otherwise. In fact, their silence for almost a year tells you that.
The same for this new "consulting" company. Sounds like many other companies with nothing to do with MMJ, but isn't traceable othewise. It's like Billy Joel was talking about on SiriusXM...he could play a series of chords, and it wouldn't be a song, but "reminiscent of a song."
That is what SKTO is doing. Not real deals, but "reminiscent of a deal."
IMO/FWIW
Interesting...
Just been hanging out and noticing that Mr. Benz is less than pleased getting pointed questions from investors. And seems to answer questions with questions, ducking from answering any.
Pleading the 5th? Hmmm...could need it.
Seems to me that the one calling people "future defendants" isn't doing himself any favors from becoming one.
He's far from a professional anything, judging by his behavior. And shareholders who have asked questions (knowing nobody else responds) have a right to be irritated.
It's not a difficult concept. Say what you mean, mean what you say. No company should announce a relationship with ANY company, if the guy off the street can't find that company in a Google search with 100% sureness that they have the right one.
If SKTO is the "MCA" for 13 companies, those companies are operating legally within CA (allegedly), and SKTO isn't handling any illegal substances, naming those companies would not be outlandish in the least...unless, they don't exist.
If SKTO had contracts in place before Pharmajanes was even mentioned, there is no excuse for collecting NONE of the money. Yet they did it!
Pay attention to the information, not the fantasies of riches. Or should I say LACK OF INFORMATION. What's not told..is telling.
IMO/FWIW
Another carrot dangle...
Let's see. They botched the 4Q info on the "annual." Now they are pink limited so they don't even have to report within the 5 days that has been bandied about here.
So let's PR a "conference call" that has only "selected" answers from a "few." And no interaction, no follow up questions.
But let's push it a few weeks out, so that we can sell a few more shares on the hope that this CC will be somehow "different."
They can say that they are delayed in their filings because they "hope" to be able to update everything with audited figures, and that they are "diligently working" towards that end.
And of course a chance to say "due to the acquisitions and pending merger, we need to make sure all of our requirements are met so that the closing may take place in a short time frame."
They won't answer why the TA is gagged.
They won't answer why the noteholders are not physically named.
They won't answer why they've shrouded 2 "acquisitions" in such secrecy as to who they are, where they are.
They won't answer why they switched their address multiple times and to this point have yet to actually get it right.
They won't answer why all points lead to maildrops.
They won't answer why they gave millions for a $4k note when they had a 3 million line of credit with a company that supposedly had $150 million in available financing.
They will keep dangling the carrot.
Those who chase will feed those who exit with a few more nibbles than they are able to get at the current bid.
That's about it.
Sad. Really.
IMO/FWIW
The market is speaking loudly.
MMJ stocks are not to be trusted.
Especially ones like SKTO that back such a statement regularly.
The cheapies seem to get cheaper.
.0279 when the 84 tout run began.
Now trying to hold .011-.012.
Speaks volumes.
IMO/FWIW
Sadly, they have nothing...
but shares to dump.
And that they are excellent at.
Sorry about that.
IMO/FWIW
Thank you I-Glow for this informative post...created by SKTO's own management. Wise words for management. Run. Run fast. The SEC is coming. And they'll pick apart this thing until they get every responsible piece.
It won't be pretty.
And it can't be argued. It's there in their own PRs.
Woops.
IMO/FWIW
Anyone can talk to the "chat person."
Likely sitting next to Mr. Hipple in Florida.
Never know who has been chatting with them...and what they've said.
tick tock...
IMO/FWIW
Don't forget SKTO/AEGY...
SKTO has claimed 52 million in revenues in 2013, but collected 0 of them. Only funds were loans at VERY generous terms.
Add to that the Hipple connections and the misleading press releases about Larry King, an auditor, among others, and they're all nicely rolled for a suspension. See what I did there? :)
IMO/FWIW
Washington D.C., May 16, 2014 — The Securities and Exchange Commission today cautioned investors about the potential for fraud in microcap companies that claim their operations relate to the marijuana industry after the agency suspended trading in the fifth such company within the past two months.
The SEC issued an investor alert warning about possible scams involving marijuana-related investments, noting that fraudsters often exploit the latest growth industry to lure investors with the promise of high returns. “For marijuana-related companies that are not required to report with the SEC, investors may have limited information about the company’s management, products, services, and finances,” the SEC’s alert says. “When publicly available information is scarce, fraudsters can more easily spread false information about a company, making profits for themselves while creating losses for unsuspecting investors.”
Spearheaded by its Microcap Fraud Task Force, the SEC Enforcement Division scours the microcap market and proactively identifies companies with publicly disseminated information that appears inadequate or potentially inaccurate. The SEC has the authority to issue trading suspensions against such companies while the questionable activity is further investigated.
As the markets opened today, the SEC suspended trading in Denver-based FusionPharm Inc., which claims to make a professional cultivation system for use by cannabis cultivators among others. According to the SEC’s order, the trading suspension was issued “because of questions that have been raised about the accuracy of assertions by FusionPharm” concerning the company’s assets, revenues, financial statements, business transactions, and financial condition.
“Recent changes in state laws concerning medical and recreational marijuana have created new opportunities for penny stock fraud,” said Elisha Frank, co-chair of the SEC Enforcement Division’s Microcap Fraud Task Force. “Wherever we see incomplete or misleading disclosures, we act quickly to protect investors.”
Other marijuana-related companies in which the SEC recently suspended trading are Irvine, Calif.-based Cannabusiness Group Inc., Woodland Hills, Calif.-based GrowLife Inc., Colorado Springs-based Advanced Cannabis Solutions Inc., and Bedford, Texas-based Petrotech Oil and Gas Inc.
Under the federal securities laws, the SEC can suspend trading in a stock for 10 days and generally prohibit a broker-dealer from soliciting investors to buy or sell the stock again until certain reporting requirements are met. More information about the trading suspension process is available in an SEC investor bulletin on the topic.
“We know from experience that fraudsters follow the headlines,” said Lori J. Schock, director of the SEC’s Office of Investor Education and Advocacy, which prepared the investor alert. “Given the attention that marijuana-related companies have attracted recently, we urge investors to exercise caution when looking at investments in this space. Always thoroughly research the company – and the person selling the investment – before making a decision.”
###
Blackchip13,
With all due respect to your ill family member, and best wishes on said member's recovery, this "study" is being used as a means to justify the purchase of this stock. Therefore, it is privy to be picked apart, to verify the validity of the study, and in fact, could stand to protect your ill family member in the event said study is not being conducted in an FDA-approved manner, and could be causing any potential long-term effects (or even short-term) that you may not be aware of.
Being so close to said study, you should be able to give those of us who are trying to understand the validity of the study an easy path to public links to such a study, and it's process and details.
As far as I am concerned, SKTO has used BBio to try and sell shares of stock. They have, IMO, given stock to them at greatly reduced rates (including perhaps in return for the funding given to SKTO to "keep the doors open" last year whilst never collecting a penny of revenue), and used facebook as a means to again dangle carrots that would be used to sell shares to uninformed "investors." It's caveat emptor, or in this case, Hemptor. When the suspension of this stock hits, it will be interesting to see how the comments made prior to it are viewed.
If you do not appreciate this angle, I urge you to read elsewhere. I respect the pain you must be in. But you must respect this is a public message board, about issues affecting a publicly traded stock.
IMO/FWIW
Another Pot Stock was suspended today.
SKTO just moving along in line...closer to the front...
All the reasonings there STRIKINGLY SIMILAR to SKTO.
Sorry about that.
IMO/FWIW
I-Glow,
On point #4...Who are the competing producers rivaling SKTO?
First, I'd like to see those names/addresses/numbers.
Second, how can a company that does not produce any products have the best production facilities?
Woops..pesky details!
IMO/FWIW
Another delay notice coming tomorrow...
Might not even see the followup actual "filing."
Suspension looms large on SKTO.
IMO/FWIW/just saying.
Thank you for clarifying the issue...which exposes what has happened here with SKTO.
You bought from DHARMA. NOT SKTO.
DHARMA doesn't give SKTO any revenue.
You say there's a "licensing agreement" in place.
As was stated by BBIO on their facebook post, they are a nonprofit. Meaning they have to cover expenses. One of those expenses would be the licensing fees that are supposedly due to SKTO.
Therefore, for every sale of ANY product by Dharma that is "licensed by SKTO," some portion would be PAID TO SKTO.
This would include all the YAK products that have been constantly brought up, and are in the filings for SKTO.
Let's be clear. SKTO HAS NOT COLLECTED A RED CENT IN REVENUES IN 2013. PER THE FILINGS!!!!
These are products that have been selling in Dharma for YEARS...before SKTO decided their angle would be weed.
So the question now goes to this...Why has Dharma not paid a red cent to SKTO with all these millions of "units" delivered to patients in need?
Here's a possibility for what SKTO insiders have arranged. There's all those "notes" to "unnamed parties." To this day we have NEVER been told by the company exactly WHO owns those notes. Perhaps those notes were given to the BBIO leaders, so that they could make some cash, while SKTO gives the ruse of making money from the sales of Dharma's products, thus increasing (some of the time) the shareprice of SKTO, for insiders to enrich themselves. Perhaps even the money loaned to SKTO in order to keep the business afloat (the only money they've collected in 2013) was done by BBIO/Dharma, with of course VERY generous conversions, so they could "expense" some of their profits by funneling it through to SKTO, all the while getting their money back in buckets.
If SKTO were receiving licensing "fees" from Dharma/BBIO, let's just say $1 per "unit" sold/donated. Pretty fair number. Why wouldn't they have millions in revenue from all of those "sales?"
See, SKTO has lied their way into a corner. It just takes time for it to all sort itself out. And it will.
IMO/FWIW
And therein lies the issue...which exposes what has happened here with SKTO.
You bought from DHARMA.
DHARMA doesn't give SKTO any revenue.
You say there's a "licensing agreement" in place.
As was stated by BBIO on their facebook post, they are a nonprofit. Meaning they have to cover expenses. One of those expenses would be the licensing fees that are supposedly due to SKTO.
Therefore, for every sale of ANY product by Dharma that is "licensed by SKTO," some portion would be PAID TO SKTO.
This would include all the YAK products that have been constantly brought up, and are in the filings for SKTO.
Let's be clear. SKTO HAS NOT COLLECTED A RED CENT IN REVENUES IN 2013. PER THE FILINGS!!!!
These are products that have been selling in Dharma for YEARS...before SKTO decided their angle would be weed.
So the question now goes to this...Why has Dharma not paid a red cent to SKTO with all these millions of "units" delivered to patients in need?
Here's a possibility. There's all those "notes" to "unnamed parties." To this day we have NEVER been told by the company exactly WHO owns those notes. Perhaps those notes were given to the BBIO boys, so that they could make some cash, while SKTO gives the ruse of making money from the sales of Dharma's products, thus increasing (some of the time) the shareprice of SKTO, for insiders to enrich themselves. Perhaps even the money loaned to SKTO in order to keep the business afloat (the only money they've collected in 2013) was done by BBIO/Dharma, with of course VERY generous conversions, so they could "expense" some of their profits by funneling it through to SKTO, all the while getting their money back in buckets.
If SKTO were receiving licensing "fees" from Dharma/BBIO, let's just say $1 per "unit" sold/donated. Pretty fair number. Why wouldn't they have millions in revenue from all of those "sales?"
See, SKTO has lied their way into a corner. It just takes time for it to all sort itself out. As it has in other companies. Man, what a news story this turns out to be. And not a good one if you're affiliated with any of the parties connected to SKTO.
IMO/FWIW
CBM,
Now that it is clear SKTO never did, and never will, make a dime from any of the products, what should be abundantly clear is that SKTO will never be paid for any of this "licensing," as the entire point of claiming the licensing was to sell shares. All the discussion about 144 million dollars revenue on the low side has been proven, by the company's OWN WORDS, to be blatantly FALSE AND MISLEADING by those who mentioned it.
The only question now is who the SEC will blame first...or should I say, who rolls first to avoid further damage.
Not if...but when.
IMO/FWIW
DollarFan,
1.Who are those agreements with? The company has never revealed.
2.Why would they have had agreements dating back to March of 2013, and never collected a red cent?
3.Why has Jeff Benz not been publicly pursuing litigation against all of the signors of supposed "contracts," as they owe the company an "alleged" 52 million bucks? Wouldn't you want to call out multi-million dollar "thieves," who stole your "services?"
4.If they are a "management company," how are they "selling" anything? Are you now admitting that SKTO does not sell a single product that it claims to?
5.There is no speculation that SKTO PR'd they already had $30 million in contracts before the end of March under their wing. Long before the words Pharmajanes and Dharmanol were ever uttered. They did not collect on any of it.
This only cements that SKTO has been a scheme from the start...and why Jeff Benz is not coming out publicly to say a word. He knows it would not help him, or SKTO.
IMO/FWIW