Replies to post #798099 on MOMO'S BREAKOUT BOARD

[kiceman]

STKO News


Stakool, Inc. (OTCBB: STKO) (PINKSHEETS: STKO), a North American supplier of natural, organic and health and wellness products, today announced that it is in the process of cancelling a total of 55,878,570 shares.

A portion of the shares being cancelled are associated with promissory notes held by two outside consultancy groups for a total of 40,000,000 shares. These notes are being cancelled as part of the recently completed Stakool, Inc. acquisition agreement, with no remaining liability to the Company. The additional 15,878,570 shares being cancelled, having been returned to the Company, were also part of the same agreement.

Management of Stakool, Inc. is contemplating a further significant reduction in total shares issued and outstanding. This additional amount would affect controlling shareholders only, thereby significantly increasing the ownership percentage of Stakool's public shareholders.

It is expected that an agreement with respect to this matter will be completed within two weeks.