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Saturday, June 07, 2014 1:06:29 PM
The SEC suspended SKTO because the company is reporting $50m in revenues via PRs but the income doesn't show up on the books. THAT IS FRAUD.
I'm amazed that shareholders here are unable to grasp that simple concept. Here's another bombshell:
OJ Simpson killed Nicole Brown.
Aside from the financial fraud, the company is lying about operations as well. I have spoken with numerous LA based dispensary owners and managers yet not a single one has even heard of SK3 or AEGY. How can SKTO be "managing" all these collectives but nobody has a clue who they are?
I guess we'll just have to wait for that Larry King interview.
None of the companies officers have any experience in the cannabis market. They used SKTO to cash in on the MJ hype and are now paying the price. My first clue of fraud was the endless PRs about Getting Doug with High but when I dug deeper, looking into the revenue discrepancies and the lack of dispensary presence, the signs of fraud we to obvious.
Look, I own several 100k shares here. Thankfully they are paid for already and if I sell, either way I'm good, but I'm pissed, mostly at myself because starting in May I began posting my concerns, including a post "Is SKTO Next to Get Halted?"
"Emancipate youself from mental slavery, none but ourselves can free our mind"
-Bob Marley
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