Let me see if I can clarify this some.
A market maker would have to file a form showing they are "willing" to sponsor them. Then FINRA would have to review AND APPROVE the request. The market maker would be putting his/her/its reputation on the line trying to sponsor a suspended stock banished to the greys. Further, FINRA (who has issued warnings specifically regarding this sector) is NOT going to just say "sure, they're squeaky clean, have at it!" They are going to demand answers to everything first.
I saw a request for 10 things that caused anyone to think SKTO was a scam...the list is much longer than that.
1.Claims of millions in revenue from a company that was acquired before they existed. (source: State filings showing MG existed starting 6 weeks after the original PR).
2.Claims of contracts with collectives, with no actual revenue collected in 2013 to back it up (source: filings, and prior posting of all of the "collectives" showing at the same PO Box.
3.Hipple's signature on a document that was submitted to OTCMarkets (I-Glow can direct you to information on that one, I don't have it handy).
4.All of the unnamed notes in the filings.
5.All of the shares given to Crystal Falls (source: Filings) at a ridiculous conversion (might not be so ridiculous now!) rate, for a lawsuit involving items never named that was merely threatened.
6.Conference call 1.
7.Conference call 2.
8.Conference call 3.
9.The gagged transfer agent.
10.The failure to correctly follow their own accounts receivable impairment formula in not one (annual) but TWO (1Q 2014) filings...shorting the amount actually needed to be written off by 3 million, and then 8 million dollars.
11.Claimed acquisitions of companies that have no footprint (Sovereign International, Paragon), and even claiming to have purchased a company that earned 1.34 million in revenues monthly for an amount nowhere close in valuation. (I-Glow has broken that one down deeply)
12.Not announcing the specifics behind the departures of Kevin Allyn, Michael Choo, Roy Laughlin.
13.Announcing that iEquity was given 5 million preferred shares, which account for 60% voting power and when transferred to common shares 60% of the outstanding shares of SKTO, but constantly postponing the actual issuance to iEquity of those shares.
14.Paying iEquity a $50k/month fee, when they supposedly "own" the company via full control of voting power.
15.Posting financial statements where none of the documents within matched up with each other (as all financial statements should).
Folks, feel free to add to this. It's just 15 points. I'm guessing we can add about 15 more.
IMO/FWIW
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