iTeknik Holding Corporation (ITKH)

[MoModernTrader30]

Reading the quarterly report you will see itkh sold 49% of SG (to Jeff Kazon) now, we have to question why the financials are consolidated. I don't want you guys to see anything in this but your own conclusion and understanding the tea leaves. Hopefully, they'll close that deal in Texas. Itkh has done a good job of disclosing however I just disagree that they can consolidate the earnings now - so this leaves us with what is the value of the 51% of SG? So you take the "amounts due shareholders" from the balance sheet and divide that by shares outstanding should give relative value. They're were shares cancelled with the swap (from Jeff) as well but I didn't see those shares returned to treasury or cancelled - so who owns those shares? Lots of questions and not sure the upside is worth worrying about. I might write this one off. But I enjoy the math. Tread carefully on this one but reading their disclosures should give you some interesting reading. Happy holidays...