Replies to post #139934 on SK3 Group Inc. (SKTO)

[OU81234]

ROOKIE STOCK, a question for you, i havent had a stock i own supsended before, can you still trade it on a normal scottrade account since it will be on greys?

[risk on]

CANN is doing better than many assumed once demoted, but , by better, I mean 66% down from when it hit the Greys. The compendium of a this is the price will be destroyed instantly. And , IF , a co can actually have an auditor sign off on all filings and submit to SEC , which management must sign UNDER PENALTY OF LAW , then and only then can a breath of life be seen.

BUT IN THIS ( SKTO ) CASE THAT WILL NOT HAPPEN.

No Auditor will sign on the FAKE revenue number used over a year ago to generate hyped pumped volume to dump paper, then the very same number was written off as " bad debt" , " charged off". No Auditor will sign their NAme to that. Big that, stands a much better chance than management , whoever that is, actually signing those returns, UNDER PENALTY OF LAW. It won't happen. And, last I saw, they haven't even hired an auditor, for that very reason.

Even if sigs did occur, ( chance in hell) the cost would approach or exceed $100k w as far behind as SKTO is to being current.

It's Grey to Stay

[Inweeditrust]

Exactly.

[Ed the Trader]

CANN is holding up nicely on the greys, we should make the greys the new norm. Then we wouldn't have to worry about the SEC stepping in. We as traders all know penny stocks are risky. Do we really need SEC help on this? Prosecute illegal activity yes, but they seem a little quick to the draw on these suspensions. Plus, if they find nothing after review. Shouldn't the effected ticker, be place back in the stinky pinky land. Why keep them on the greys? SEC could probably find cause, to put all pinks on the greys if they wanted too. Most of them are a little shaky.

If the SEC issued a suspension, it is because they have already identified improper behavior from the corporation. If not because they are now going to begin an investigation on the chance that something improper may have occurred. It has already occurred, and the SEC caught them.

[Nissanfan]

LOL! Not like SEC got a wrong guy this time, they had it coming long before June 6. I'm surprised it took SEC that long, that should have been suspended with the moment all that merger and financials BS was released.