Friday, October 06, 2017 11:43:54 AM
From Skyf IR
The company will be releasing news and updates via press releases and social media as information becomes available for release. The primary focus at this time is getting current with OTC and at the same time preparing for the upcoming audit, which necessitates extensive accounting and financial historical work by the company's accounting firm that has undertaken that project.
In reference to events that have happened in the past, the company historically has issued very few press releases and while there have been delays and in some cases a change in direction due in part to those delays, one of the main reasons for any lack of progress on any one item has been the lack of resources to complete certain projects in a timely manner. Despite facing numerous obstacles along the way, including third parties not fulfilling financial commitments, the company has continued to move forward and has made progress, albeit slower than expected in some cases. In addition, the reality is that some projects just take time to develop and implement.
The tweets and the recent press release have been done by the company to keep shareholders and the public up to date with current information. The company has not issued any stock in over a year with the last issuance occurring in September 2016. There were a few issuance's in 2016 and no issuance's in 2015. The company has not engaged in any promotion or other devices to prompt sales so "insiders" can profit and move on. Nor has the company retained or otherwise engaged any third party to do the same. Any inference to that type of activity, especially under the current circumstances, is misguided and without merit.
The company has no control over the decision making process at OTC Markets. The CE was placed on the stock when over a billion shares traded within approximately an half an hour without any readily apparent causation, such as a major announcement, etc. The company has and continues to provide OTC with the information required to become current. The company will continue to issue updates on that process as everything progresses.
Furthermore, the company has no control over third parties who expand upon and or misinterpret official company news, tweets and or press releases. The penny stock market is very risky and unstable at its best. Navigating that minefield while trying to build a company can be a very daunting and frustrating process.
Thank you for your interest in Sky440.
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