Bill SKTO is DEAD IN THE WATER
I will put in a sell order the day SKTO resumes trading and dump 375,000 shares ASAP. Not a big volume but I can guarantee I won't be the only one.
My plan is to wait out the first wave of selling, hoping for a small pop due to short covering before dumping the position. If the covering doesn't happen, I use a market order to just unwind the position quickly.
SK3 is a complete scam.
I live in Los Angeles and have been a MMJ patient since 2003. I have been to countless dispensaries in the city and have friends who have opened shops (both shut down but not after they made lots of money). Not once, not even once has any dispensary staff member, manager or owner ever heard of SK3, SKTO, AEGY or PharmaJanes. Nobody has even been approached, contacted, visited or otherwise by SKTO, SK3 or AEGY.
ONCE MORE THE ABSOLUTE BOTTOM LONE IS THIS:
$50,000,000 in legitimate, uncollected revenue would have lawyers salivating. Typical commission based legal fees are about 33-45% and any lawyer in the world would jump through hoops of fire to get a piece of those uncollected revenues, from Johnny Ambulance Chaser, to Big Cheese Jim at a high-power Manhattan firm. That says it all for me
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