SK3 Group Inc. (SKTO)

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IGlow was right the entire time, the contracts are bogus. Harborside cannot afford to pay their taxes at a fraction of the $5.1 million they are to pay consulting fees.

The company is already impairing the assets, this Q is $13 million. What is next Q? They already told you. Nothing is collectable, everything is getting charged off.

They are setting up the exit hoping not to go to prison. The disclosed the exit strategy.

As SCM says, they are not stupid, they are scamming as legally as possible by disclosing. However, I disagree, fraud is fraud, and they will get caught.