No, and don't listen to anyone who condenses SKNY's situation into a sentence or two. As an investor you need to do your own due diligence, or at least consider the due diligence of multiple people contributing to this and other boards.
If you're looking for a quick "tell me if I should buy or sell" then you wont get it here. And if you do, I wouldn't recommend taking the advice. Form your own opinion based off of what feels right to you.
The company has solid potential but becomes more in debt as each year goes by. Is this a bad thing? Not for a startup. In fact, for companies like IBM and AAPL, they were in debt when they started, too. But you have to consider the whole picture before you decide when to get in and when to get out.
The company is lining itself up for a reverse split, and I wont be comfortable getting in until after it has settled. This is because my experience with R/Ss is that they will change the face value of the stock, which inspires investor enthusiasm to spike the shares up, Trim Capital, Dachsund, and Cummins all will sell their shares at a 20-50% premium (depending on how high us dogs can run it up), then the stock will fall, fall, fall.
Some call this a necessary cost of doing Pink business. I would agree in some respects, but in others, I think that it's taking advantage of a company that has solid potential.
Just remember: If this Marc Cummins guy is dropping $15M into SKNY, he's planning on making money. And not just from the notes.
IN CONCLUSION, I hope no one here will condense SKNY into a sentence or two. That's your job as an investor. If you let other do your DD then you will lose money, every time, guaranteed. Anyone can speak to you about that. I'm sure of it!
