SK3 Group Inc. (SKTO)

[LoanStew]

I-Glow,
I wonder if anyone from SKTO actually wrote that joke of a press release. If they did, the folks at the SEC are in there laughing it up. It does more to help them revoke than it does anything else. Not that I believe they'll ever get out of the greys.

If it wasn't from someone who is actually employed at SKTO/AEGY, this one could be one for the record books. Imagine if it was a desperate shareholder!

Neither situation benefits SKTO.
You can't write off all of your revenue for a year and then say you didn't know this was coming...among other things.

The noteholders probably set up w/their brokers their sell orders the moment the suspension hit.
Seems people don't get that it's extremely easy to paint a nice close on the stock in the greys. Just set up with someone specific a buy and sell at the same price. As long as it's a number not set up by anyone else prior, they'll be able to pull off the trade, and end the day on an uptick, giving the "impression" that there's positive flow in the stock. The next morning, those who fall for the bait will put in buy orders trying to make sure they get back in, and the schemers achieve their intent.

The volume will dry out. It will be high on day one. Seen it before. In the end, they're toast. And I would venture several will be all over Benz and making sure the news outlets know a bit more about this pair of companies and their history.

Benz is really in deep now.
Who was the amateur attorney again?
Sorry about that.
IMO/FWIW