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By SKTO's own filings,
They have written off EVERY PENNY of "revenues" (aka accounts receivable) from Q1, and 60% of Q2. On the next filing they will write off the remainder of the Q2 "revenues" and 60% of Q3. On the 10Q that comes out for the first quarter (or whatever you want to call the creative writing that they hand in to OTC Markets), they will write off the rest of Q3 and 60% of Q4. By the Q2 filing, it will be known that ZERO of those numbers will have ever been collected...therefore FAKE.
Sorry about that.
IMO/FWIW
Cancelled?
Do you really think Hipple and Jan will let SKTO cancel all their free money?
Sorry, won't happen that way.
Any shares that need converting for the insiders WILL be converted.
Bank on it.
There will be another raise in the Authorized of SKTO to likely 4 billion shares.
Sorry about that.
IMO/FWIW
Up to 26 touts rolling this week on SKTO...
Absolutely amazing. And now an 8K that pretty much seals, and wraps with a neat bowtie the case for the SEC? Classic.
Won't be a merger.
The 8K just ends up a long document that will end up being an exhibit for the criminal case that follows the suspensions.
It'll be interesting to see who ends up going down.
Sorry about that.
IMO/FWIW
Gang,
The 8K came out at 5pm for AEGY/SKTO "merger." Anyone here want to lay out how swiss the cheese is on this one?
https://www.sec.gov/Archives/edgar/data/1446896/000144689614000007/sk3mergeragreement.htm
Has a company ever filed an 8K and been suspended prior to trading the next day?
We've seen many "firsts" with pot stocks...and with Hipplestocks, anything is possible.
IMO/FWIW
Looks like AEGY and SKTO want to be suspended quicker....
hence the 8K filled with erroneous/misleading information and "outs."
The false sharecounts should be a good trigger...I'm sure this will get plenty of press. The touts will aid in the suspension by putting the 8K out there extra-strong.
It wouldn't even surprise me if there were halts before the open.
As has always been stated, nothing can happen without the audits, which will never be completed, because if they are done, all of the illegal activities that have been going on, especially with the SKTO shares, will be front and center.
Sorry, no divy.
Sorry, no merger.
Sorry about that.
IMO/FWIW
Janice,
My guess is it will be AEGY...since the ASC is already on to them, and I'm sure that SEC/FINRA have been following it intently...then I would think it only natural they take SKTO out as well. Both well-deserved, the fallout on those will be huge, as stuckholders try to figure out how "Super-Attorney" Jeff Benz could let that happen to them.
To think people actually believe they're going to have audited financials...As you would say, LOLOLISSIMO!!!!
IMO/FWIW
The only ones who may have made money today were the touts that put together all the releases in the last 3 days. They've got shares to dump...and are happy to do so to those who actually think there was something real going on.
That's how they make their money.
Sorry about that.
IMO/FWIW
Promotion updates...
A total of 15 ongoing, 9 by the same company, in three days. And the stock is DOWN from the start of the promos. Someone posted where there was a breakdown of "in the money" shares...I would like to see that site, just to see how many dollars of trades that volume even brought about. If you track all of the current SKTO tout promotions, it's scary how much needs to trade just so the touts can get out.
All of it leads to one harsh reality...
This company is finished.
Sorry about that.
IMO/FWIW
LOL...this was a funny attempt by the touts to break even.
There's multiple sites that were paid thousands of bucks. There hasn't been NEARLY enough volume for these frontloaders to get out with their money back.
The sad part is that anyone would believe that any of today's activity (or this entire week, actually) was ANYTHING but a very, very lame attempt to try and recoup losses via a multi-site tout promo.
I will say it gives the SEC easy targets when they halt the stock...follow the money...it will lead you to the culprits.
Always does.
No merger.
No divy.
Sorry about that.
IMO/FWIW
Gotta do the math, folks...
A tout was paid $12,000 to push the stock.
That person/group is out 12 large, PLUS the cost of the frontloaded shares.
They NEED volume in order to dump enough at a profit to cover that 12 grand.
And anyone who is buying into this is aiding in the scheme.
There's no "big news coming," none that will actually materialize.
Except maybe a halt.
Sorry about that.
IMO/FWIW
Seems Holder did nothing good for those hoping for the miracle...
As he was battered with questions about moving MJ off of Schedule 1, he kept saying "we're satisfied where it is now."
Too bad, so sad.
Sorry about that.
Game's over. Last one out turn off the light.
IMO/FWIW
Prove they're real.
They're not.
They never have proven they are...and never will.
Sorry about that.
IMO/FWIW
Any company that has filed with the state they are doing business in, and has claimed a penny in actual revenue, and paid taxes of even a penny on actual revenue, has made more than SKTO.
The numbers are all fake.
That's why there will NEVER be a merger.
Sorry about that.
IMO/FWIW
RSP,
Actually, they haven't had a good financial yet. They've just written numbers, put them all in A/R, and called them revenues. When the heat was on about the lack of collection (thanks to the good DD on this board), they started writing off to bad debt. They could claim 100 million in "revenues" in the 4th quarter if they want. They won't have to account for it until Q2, when they write off 60% of it, and Q3, when they write off the rest. So they can hide that until what, August? And until then, hire on (nobody believes the "third party" BS) more touts to try and force feed the fake numbers. They have ALWAYS changed the story. You don't hear about the 50 acres because THEY DON'T EXIST. You don't hear about the 12000 square feet of grow space because IT DOESN'T EXIST. You don't hear about Sovereign International because IT DOESN'T EXIST.
They will always introduce something new to deflect from what they never intended to follow through on in the first place...Janes Card was a lie, and they knew we all knew it. So they re-re-introduce the merger angle to get people off the subject.
It's been pushed under the rug time and time again, but they have to file properly in CA to claim actual revenues not from selling of shares...it hasn't happened. They have to account for employees..INCLUDING CONTRACTORS. They haven't done it.
The issue of the 100 million shares of AEGY...again, iEquity has 5 million preferred shares which equal 60% voting rights...the voting rights is what determine where the "divy" shares go...hence, iEquity gets 60 million, and the rest go to the rest of the shareholders. Of course as I said, this Divy will never happen...but it's clear how the shares would be distributed.
It's a shame so many have fallen for the Hipple/Jan game...but that game is about over. And anyone who has been in on the scheme will be found.
IMO/FWIW
So much scrambling for excuses for why today's 3-pronged tout promotion FLOPPED.
Surrrrrrrrre, it was because pot stocks were down.
Riiiiiiiiight.
It was because everyone already knows there is not, and will never be, a merger approved by the SEC to allow SKTO and AEGY to become one under AEGY's SEC standing. It will never...EVER...happen.
There will be more press releases...they have to try and cover up the stench of this mess. So they'll hit with a barrage of BBio fake medicine names. Why not? Put an -azam or -azole or -anol on anything and put a PR out. Claim it cures everything, and makes a man 13 inches bigger...and it's all made from pot and won't get ya high. It's the new Snake Oil. Except as in Emmitt Otter, nobody's looking to oil a snake these days.
Benz won't make a public announcement because he can't...anything he says will set himself up for more trouble. Allyn is gone. Face it...he ran and hid after he avoided foreclosure. That was his only purpose...to get out of debt with his house. He got his wish, and now he's gone.
The suspension is coming, no doubt about it. No merger, no dividend, nothing but trouble coming for BOTH stocks. AEGY will get hit first..then SKTO.
There won't be any divy. REMEMBER THAT.
There won't be any merger. REMEMBER THAT.
Sorry about that.
IMO/FWIW
The only "new trading symbol" might have an F at the end of it.
There will be no merger...no name change...no new CUSIP...no new trading symbol.
There will be lots of PRs promising new things "coming soon," or new "zip codes" that mean nothing. And a shiny financial that has phony numbers on it, all in A/R, except the shares that were dumped to raise funds.
Unaudited, of course.
Sorry about that.
IMO/FWIW
Grandmasterb3,
The problem here is that it's ALWAYS something next, and they don't do the "next" things they previously promised.
The trading today proves that everyone saw right through the promotions, and whoever was in charge of paying the touts is out a bunch of money.
There will be no merger.
They will NEVER get it past the SEC.
Any attempt to do so will be immediate suspension because they have created so many overlapping issues, especially after going dark in 2009 (SKTO). There will not be any dividend of AEGY shares to anyone. The chill blocks it. And in the event there EVER is, iEquity gets 60 million of those 100 million shares due to their ownership stake. So now, what is over 1 BILLION shares out there of SKTO, that is where the 40 million shares are divided amongst. That would mean getting 1 share of AEGY per around 30 or so of SKTO at this point (and they're not done diluting IMO).
But that's all a pipe dream anyway...it won't happen.
No divy.
No merger.
Sorry about that.
IMO/FWIW
We're up to 3 touts pushing to sell shares tomorrow.
Makes you wonder who the person/people are that are the "third parties" paying them.
Actually, I think that's a relatively easy answer.
Just have to use logic.
That said, there are people with their fingers on the sell button, looking forward to the sheeple that will buy those shares up. It's the way touts work. Frontload into the selling, email blast and try to imply good things, dump the shares, and run.
Nope, no merger.
Suspension? Would be interesting if it happened before the open. Poor tout funder would be out of money.
Sorry about that.
IMO/FWIW
If you looked further on that notice,
You'd see how POOR that tout site's record is...
Stock Promoter Performance
The following charts displays the first day results for campaigns by “Orbit Stocks”. Results are taken from a total of 140 stock promotions by this stock promoter that have been tracked by OTC Dynamics.
66% closed down
24% closed up
9% had no net effect
So there's a 66% chance their pump is already in dump mode.
Sorry about that.
Again, no merger happening.
IMO/FWIW
CBM,
What do you mean "coming?" They're already here! You saw the PR...everyone knows the merger isn't happening. They "claim" to have signed an agreement "to merge." "To merge," is similar to "I'm going TO BE RICH when I have a few million dollars." Doesn't mean I have a few milly, just means I need it to be able to say I'm rich.
The only reason they didn't add the SEC requirements in the PR is because that theory was blown apart by I-Glow and others, and they read this board like the WSJ. This is a classic attempt to deceive by omission.
Won't be any merger.
For anyone who thinks otherwise...
Sorry about that.
IMO/FWIW
Sorry, no merger.
Quicker suspension? Likely.
Sorry about that.
IMO/FWIW
Penny Masters,
That's probably the most confounding question of all.
It comes down to two things.
1.He has been completely duped by the "team" into believing that he's truly on the "good guys" side, and really has no idea what's going on, and is as defensive as an attorney as are the believers.
2.He's complicit, being paid handily (likely via shares in an end-around) to do so, since he's really fallen off the face as far as everyone out in the US is concerned. The England thing could be a plan to "hide" him as they have others.
I think that when the hammer comes down, that will be the question that people want to have answered the most.
That and how Hipple was allowed to stay so involved.
IMO/FWIW
Penny Masters,
It was always about the "idea." It was never intended to become anything.
The goal was simple.
1.Pitch an idea in a hot, viral sector.
2.Promote the bejeezus out of it.
3.Dump shares.
4.Repeat.
When the first piece started to show it wasn't going to happen, they turned attention to something else. And so on and so forth.
Everyone knew the merger wasn't going to happen. Especially SKTO insiders.
Everyone knew the financials were never intended to be audited. Especially SKTO insiders.
What those insiders know is that there are believers. Those believers buy shares. Shares they are trying to dump.
"Management" has executed "their" plan perfectly.
It never had anything to do with shareholders.
IMO/FWIW
This one will too, when it's halted.
Might choke on that popcorn.
Coming sooner than any merger here ever will.
IMO/FWIW
Actually, they won't.
They'll use the NT to buy some time to put out as many fluffy releases as they can, to deflect from whatever excuse they use to explain away why the merger didn't happen on April 4, like everyone has been saying, the daily reminders of the same checklist that will never be completed.
They'll blame it on the delayed filing first.
Then they'll blame it on "needed documents."
Then they'll try to blame it on legal counsel being out of the country.
All the while, I predict 2-3 PRs about some kind of "expansion" of zipcodes, which has proven to mean nothing, or another advertisement about a foolish YouTube show with people smoking pot.
There's not going to be a merger.
The "annual" (I won't call it a 10-K because they're dark with the SEC and don't file such things) will contain lots of "revenues," but no actual cash received shy of what was from selling shares, because to claim otherwise would put them in hot water with the IRS as they haven't filed properly to recognize revenue in CA. The writeoffs for revenues from 2Q and 3Q will run in the $15 million range I believe, a touch lower than the 17 million I-Glow has predicted, but what's 2 million when it's all just ink on a paper anyway? They will write off what is left from 2Q and then 60% of Q3. In the 1Q they'll write off the other 40% of Q3 and 60% of what I predict they'll claim as a "record 4th quarter."
There won't be any shares of AEGY going anywhere. There will be 60 million going to iEquity first, and I believe both will be suspended before any shares can move at all.
Sorry about that.
IMO/FWIW
Nah...
That smell is the sale of unregistered securities which will lead to the stench of suspension and the odor of the Grey Sheets.
Sorry about that.
IMO/FWIW
Except that the merger won't happen...
there isn't any short to cover...
The only thing that a real audit of the two companies would reveal is lots of unregistered shares sold...
And any attempt to actually file forms to merge the two would end up in immediate suspension for both.
Sorry about that.
IMO/FWIW
Have you tried to call it?
See what happens.
Hint..not what you want to see.
IMO/FWIW
No, they're not.
Prove that they are reclassifying from Schedule I.
Right now Obama's priorities are with the Russia situation...not Marijuana.
Won't be a merger.
Likely be a suspension soon.
One iEquity stock down, more to come.
IMO/FWIW
I-Glow, it will get worse from here.
With AVNE already shuttered via the suspension/greys, the wheels are turning on the iEquity crew. AEGY's filing (or lack of filings of the material events), while may be thought of as being "proactive for the merger," are actually sealing the merger's NOT happening. As you stated, Hipple is associated with AEGY. Period, end of statement.
There will be a late filing for the financials IMO, even though we know they're all fabricated anyway. There still haven't been proper filings with the State of CA to account for any non-dilution revenues, so there have been no SKTO sales of any kind, or they are begging the IRS to shutter them. (Not that there is a business anyway, but who's counting?)
All the posting of a guy's quote who couldn't keep it in his pants and couldn't keep liquor away from a child doesn't do SKTO any good.
There will be no merger.
All that's left to see is who plays whistleblower to save his arse.
IMO/FWIW
No merger, sorry.
No audited financials, sorry.
Not going to see the glory, sorry.
SKTO isn't if, but when...suspension looms.
Sorry about that.
IMO/FWIW
Merger will not happen.
Sorry about that.
IMO/FWIW
SKTO has never registered properly with the Franchise Board in California. If they have actual revenue not created from the selling of shares, it would have had to have been reported. They also have not registered their employees, including subcontractors. Therefore, if they had ANY actual sales, ANY actual revenue, they would be in trouble with the IRS and the CA Franchise Board.
Show ME indisputable proof that they've done any of that.
Otherwise as far as I'm concerned, this is a company selling shares to bring in cash, typing up receivables that will never be collected, and on a one way ride to suspension.
AVNE owns the IP. SKTO has nothing.
Sorry about that.
IMO/FWIW
Escabar,
The problem is all they would be are projections. The company hasn't proven they've realized a thing. There are still questions on who "owns" all the products SKTO "claims" they are "selling." It's very easy for them to claim "receivables" for "licensing" from their own created companies (via iEquity) and NEVER actually collect them.
They're not registered in CA with the proper locale to be collecting revenues anyway, nor have they formally registered their employees (including subcontractors) as has been previously discussed.
I'm sure they'll "project" revenues in the 70-75 million dollar range for this year.
They'll only collect as much as they are able to sell shares. It's the one thing they don't have to back up, it seems.
I still say sis is suspended first, then this one, and possibly around the time the "merger" is supposed to "close."
IMO/FWIW
Gonna be tough when the sister gets suspended, and this one follows....and no merger, and no audits.
I'm sure the insiders are dumping right into this volume...they know the end game is here.
IMO/FWIW
Escabar,
Why would they do that? You know they won't run a call that actually accepts live questions. They'll take the softballs from their "team," and dance around many of the real issues, just as they did before. There's many eyes upon them now, not in a good way. You're right, nobody believes them...and they're in no hurry to change that. Just divert, divert, divert. Why bother? They're dumping shares whenever they can, not reporting the changes to DE, keeping the TA Gagged, and putting out press releases that mention no actual names that can be verified. This is what they do, and why they'll never be trusted.
IMO/FWIW
Dbrown13,
I suspect we'll be seeing that next to SKTO and their sister sooner than many think.
The merger will never happen.
The reasons have been laid out.
It doesn't matter how many times it is posted about what the PR says.
Plenty of times SKTO has stated something and it hasn't happened.
Plenty of reason to believe this will be no different.
The halt will stun some, but not me.
IMO/FWIW
I-Glow,
Don't forget that in addition to the 12 million in revenue they've written off, there will be approximately 15 million more coming off the books when the financials (lol) are released. That will account for about 2/3 of the "claimed revenues" from 2013. And it will add to that number on the 1Q as well. By the time the 1Q is released, there will be only 40% of the Q4 revenues remaining from 2013 that won't have been written off.
IMO/FWIW
Escabar,
You know, if this supposed drug is so good for Alzheimer's, maybe management can take it and remember where the office is. :)
IMO/FWIW