SK3 Group Inc. (SKTO)

[LoanStew]

Here's the problem...
SKTO and AEGY are publicly traded companies...and therefore they must properly document all revenues (filing them with the IRS and respective local jurisdictions as required), as well as booking assets properly, and explaining "cost of goods," which can include paying an outsider to produce them. SKTO's financials showed a zero cost of goods...which does not exist. SKTO never filed in California to show they had any employees, INCLUDING CONTRACTED HELP. So they would have to show anyone who was contracted to do work, what they were paid, etc.
And despite numerous ATTEMPTS to claim Pharmajanes was bringing in revenues, the AEGY filing proved through April 30 that they had not brought in a RED CENT. So again, either they are making money and hiding it, or those who claimed to be making purchases through Pharmajanes were lying about it.
Can't have it both ways.
Sorry about that.
IMO/FWIW