SK3 Group Inc. (SKTO)

[Ed the Trader]

The SEC suspended these stocks for no other reason than to continue to clear out the MMJ space - SEC is a Federal Entity.

IF this is true, then the SEC would be properly executing its duties because per Federal law, there is no such thing as a legal usage of marijuana. Marijuana is Schedule 1 substance. Per that designation, it has NO legitimate uses.

If the DEA wishes to change marijuana's schedule designation, it can do that.

If President Obama wishes to direct the DEA to to change marijuana's schedule designation, he can do that.

If Congress wishes to modify the existing law to specify a fixed schedule designation for marijuana, or exempt marijuana from DEA schedules, it can do that.

Any of those activities would eliminate that current illegality of marijuana usage. None of those things have occurred.

Therefore, the SEC is well within its appropriate usage of its authority to shut down EVERY corporation related to the usage of marijuana as they are all in violation of Federal law. If a corporation were to be in the business of peddling heroin, it would be appropriate for the SEC to shut down such an illegal activity, and no one would debate that. In fact, people would suggest that the SEC would be negligent in their dties if they DID NOT shut down such a business!

The fact is that both marijuana and heroin are Schedule 1 substances.

HOW on earth does it benefit SHAREHOLDERS to suspend a ticker that was VOLUNTARILY applying for a merger that requires 1000% transparency with FNRA and SEC in order for it to be approved???

Where did you get the idea that the SEC exists to benefit shareholders?

Federal securities laws exist to protect investors from becoming shareholders in corporations where they may be defrauded.

The SEC exists to enforce Federal securities laws, PERIOD. They are not there to attempt to ensure that you receive a profit on your investment.

When the SEC squashes a corporation by invoking a stock suspension, SOMEONE must be holding the corporation's stock and they are going to also get squashed. There is no way around that fact. Because no one who is NOT holding the stock is going to volunteer to buy the stock so they can get squashed, the stockholders necessarily must be factored out of the equation when it comes to enforcement of the securities laws. It is not acceptable to allow corporations to continue to operate their stock activities when they are in violation of securities laws because not only do current investors get screwed, but so do future investors. So, the minimal damage to the collective group of all investors is to suspend the stock as soon as possible, even if that means that YOUR investment gets squashed as a result.