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Doesn't this mean there's a massive dump about to happen?
Item 5.07 Submission of Matters to a Vote of Security Holders.
On May 9, 2013, Registrant’s Board of Directors approved an amendment to the Registrant’s Articles of Incorporation to increase the authorized common shares to 2,500,000,000. Shareholders holding a majority of the shares entitled to vote on the amendment approved the action by written consent, as authorized under Florida law. Registrant has filed a preliminary Information Statement on Schedule 14C with the SEC on May 9, 2013 and as soon as it may do so, will mail the Schedule 14C to its shareholders of record as of May 9, 2013. The amendment will then be effective 20 days after that mailing.
Thank you, Jeff, Alan, and all others presently working overtime to move mountains.
Good morning, and thank you OE1 today and always for your DD and willingness to share and help others prosper.
Particularly in light of OE1's DD, I am more confident than ever that this passage from website-posted fins is important:
I know I don't need to explain this to anyone, but markets are a game of expectation. When expectations are met, good things happen. When expectations are not met, bad things happen. These are savvy guys, Wall Street savvy but still savvy. I believe the fins may have been distributed to all investors through the website first in order to solidify our expectations within a certain (high) realm.
Then when fins post on otcmarkets and look even better, they will universally have exceeded expectations, with the assumption that pps will follow accordingly.
This is pretty much the only thing that makes sense to me; I still don't understand why they wouldn't have at least mentioned submission of attorney letter regarding 2011-2012 fins, unless I don't understand that whole thing too well, which is entirely possible.
Regardless, I believe we're in for a heck of a ride; I just wish I didn't have so much confidence that I could move my money a little more aggressively, as MJN_'s PR from today appears to clear a few hurdles.
Unfortunately, I have too much confidence in these guys; I am too long and too strong on this stock. If the short-term gains from SKTO do not eclipse the immediate-term gains of flipping money over yesterday/today, I will be sorely disappointed. I will say I'm tired of fluff PRs coming out on Mondays, and especially that the company would bother with fluff PRs while the Jolly Roger still flies, without giving any update about progress regarding financial reporting and becoming current.
I'd urge you, however, to focus on the first sentence of the prior paragraph rather than the rest of it. Because that more adequately reflects my medium-long term sentiments for this company.
Long and strong, please do not punish me for my dedication, $kto!
Those 3,000 share paints are obvious evidence of a financial power keeping its shoe on the back of SKTO's pps, holding it underwater for the moment. All they need to do is release that shoe and the value of the stock will increase, even without CE removal. But they won't do that, because it's easier for them to shake off emotional people and the CE helps keep down the price of holding us underwater.
Haven't you ever heard the quote from Warren Buffett, that the stock market is the place where impatient men transfer money to patient men? I would suggest that your day-to-day vacillation is a troubling indicator that you don't realize you're making a choice each and every day whether to live by Buffett's words or not.
All of us want to make piles of money, as quickly as possible. But while everyone else is attempting to examine this moment of silence to consider what it likely means and how best to profit from it, some folks here seem more concerned about venting to the metaspace all about how personally unfair it is that money has not rained down from the sky at their command. I'm just curious what about this whining is going to help you make better-informed trades than those who are examining this time critically.
I'd like to remind everyone of this statement from the website-posted, unaudited Q1 '13 financial statement:
Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ materially from estimates.
In this I see a hedge towards the possibility of a delay which could result in news which is far better/worse than originally projected. Perhaps this weekend those deals close, or at least a definite resolution achieved?
My one post of the day! Long and strong, I hope everyone has a wonderful weekend and a better Monday morning! #SKTOraindancing