SK3 Group Inc. (SKTO)

[LRC409]

This was released as a joint venture, not a merger, right? There is a huge difference. A joint venture or agreement contract also usually has a term limit or a benchmark for ending (like a year term or accomplishment of terms). We had a joint venture agreement with various Countries during WWII to defeat Hitler's Germany, but it was not a merger of Countries. It was however a hugely beneficial joint venture to the U.S. and its allies, some of whom we did not like too much going into, or out of the joint venture.

Just because somebody does not like the way somebody else runs their company does not mean the actual company and all its employees are "snake oil" purveyors. The "snake oil" run company can be very profitable and beneficial to those who work there, and to those who use its products or services. It appears these companies are profitable, which should be our focus, we will require the DD on that to verify.

We will have to see how this plays out, but as of now, and as long as it is a beneficial joint venture & not a merger, we should be concerned about how stable these joint venture companies are, not focus on the personal feelings of who oversees them, that can and does change with the prevailing winds.

If they would have announced an intent to buy or merge, then I would have been more concerned about what future role, if any, the "brothers" would have played in the company.

It would be nice to see more transparency though on the overall thought going into this deal and how it benefits the overall strategic position of the company.