SKYE INTERNATIONAL INC (SKYIQ)

[Old Timer]

Boy has this company been thru it. Five name changes since 1993, filed bankruptcy 8/04 but was denied by the court so withdrawn, hasn't operated as a business for a long time,revenue in 06 of $2,071, they have been sued a few times and can no longer make their old water heaters, they have been diluting the stock to pay bills by 35% 04-05,21% 05-06, 14% 06-07, now have 100,000,000 shares authorized with 24,704,992 outstanding, they use a third party to build their heaters but currently don't have one to build, total net loss of $12,527,800, outstanding legal fees of a couple hundred thousand. This is just a quick glance and it doesn't look good to me. Why are they buying so many shares??
This thing has been like a soap opera.