SK3 Group Inc. (SKTO)

[Ed the Trader]

...a ticker that was VOLUNTARILY applying for a merger that requires 1000% transparency with FNRA and SEC in order for it to be approved???

If we put aside the whole "legality of marijuana" issue for a moment, it is entirely possible that the documents that AEGY and SKTO submitted regarding their proposed merger were the exact instruments that did them in. Not all attempts at transparency are good attempts.

It is completely possible that through their arrogance, ignorance or stupidity, corporate management filed documents that highlighted their scam.

At very least, the SEC suspension order stated that they were unable to clearly determine what the business activities were, or who was in control of the companies. Those should have been very basic pieces of information that any legitimate corporation should have no problem describing. Yet, the SEC specifically cited them as issues that lead to the suspension. Why is that I wonder?

Nothing is illegal unless one gets caught. When one engages in illegal activity to defraud stockholders, the first rule regarding not getting caught would be to keep a low profile. This is difficult to do when one gets so caught up in one's own BS that they become arrogant enough to believe that the SEC will not catch on when you jump to the front of the suspension investigation line waving merger documents that effectively scream, "Suspend me next!"

Even Federal civil servants are not totally stupid...