SK3 Group Inc. (SKTO)

[I-Glow]

The Audio Press Release was much worse than I expected. Even most longs are devastated by the complete failure of the SKTO guys to provide any meaningful answers and once again it was all hyperbole with no substance.

First, the answer by Allyn about employees is classic. "most work is done by independent contractors on a flex bases" Huh??? Allyn the question was how many employees does SKTO have at this time.

So it seems he is saying the answer is none - but once again there are problems.

Where did these contract employees show up in the financials?

Then going back to the press release SKTO says that the the technical operations are located at: 3300 Irvine Blvd., Ste 200 Newport Beach, CA 92660 but the leasing agent says she has never heard of SK3 Group or Medical Greens. So we are up to update number 4 on the location of the SKTO corporate office.

And then we have the issue of Allyn saying that SKTO doesn't they don't grow or cultivate marijuana (thought they were the same). And that SKTO does not sell marijuana.

Well, the Q2 says something a little different. Here we got:

On June 30, 2013, the Issuer acquired the assets of an existing California medical marijuana collective for 5,000,000 shares of common stock

OK, SKTO paid 5 million shares for what? The patient list, inventory...... just more pumping BS.

But, it gets even better:

On June 30, 2013, the Issuer acquired four unique machines for the extraction and
purification of essential oils from cannabis, to aid in the development and production of medicinal products without the psychoactive ingredients, for 15,000,000 shares of common stock

So SKTO buys 4 machines for extraction and purification but they aren't selling any marijuana products.

It seems Allyn and Benz have screwed once again. They have now done a 19 minute audio press release and said absolutely nothing.

Oh how I loved the giddiness that longs tried to show - and this is the most amusing.

Allyn says that SKTO is collecting the accounts receivable but again it is just words and I know they are lies because the contracts do not exist.

The investment community certainly knows now that SKTO is just a share selling scheme.

IG