Replies to post #21701 on SK3 Group Inc. (SKTO)

[jhcutt]

So what can we do about it? This kind of activity needs to be investigated and put to an end. Immediately. What can we do?

[elwonder]

This is amazing work. Just, Wow! Thank you for this info.

If all of this that you have laid out turns out to be true then this is so huge.

[BillyRay]

Thank you Dex..your DD is greatly appreciated!!!


GO $KTO !!!

[phizzy]

Could you list the direct link and steps on filling. I look through the links provided and couldn't locate it. Thank you for your work done here......

[stormcloud96]

TCR Submitted Successfully - Reference Number: TCR1364982325975
Therefore, this may be the only response that you receive.If you want to learn more about how the Commission handles inquiries or complaints, please visit http://www.sec.gov/complaint/info_tipscomplaint.shtml.

There is my confirmation, I submitted a complaint! Hope everyone else who can does, it's pretty simply, except finding CSTI's contact information, can you repost that please? I hope I got the right one.

[Asher78]

Thanks for your DD. Now what the heck does this mean lol?

[nowy257]

they shorting b/c they understand whats coming here , they need every possible share to have before dollar land

[texe]

Hmmm...Great job.Now I have to stop blame peeps from low level of pps..Because I thought that they got in at 0.0006 and now selling all the way at cents.

[StockWhisperer]

Thank you so much Dex for putting this all together. Your work is appreciated! Awesome job!

[BettingAngles]

All Worthless Information to the Retail Investor. Market Makers create liquidity in the marketplace. It is called Stock Trading-SIMPLE..SKTO is looking good to get over .10 today..GL

Here is an interesting article:

http://www.smartmoney.com/invest/stocks/its-the-market-makers-7758/

[All in 4 Me]

Nice job Dex. Appreciated for the hard work.

[OceanEagle1]

Good Eye Trader!!! It has been little ole me posting about .043 becoming solid support. Plus Last night I threw up a chart and pointed out the ADX indicators, like you have in your post.

First look at the Chart! Look at the ADX, the +DI and the -DI. I showed you the repeat pattern setting up the other day on the chart and someone else posted about .043 being support and I agree. It was MAJOR Support.

Take a look at the ADX +DI and -DI, pincher coming into play. This is what happened a few days ago and the stock took off from .035 to .08. With the amount of buying pressure I am hearing coming in and the amount of NAKED SHORT SHARES that will have to be covered, this could rocket to .1224 or even .15 all in one day.

You have done a remarkable job and just earned a member mark from me. Keep up the good work Deximus!!
-OE1-

[thecryptomarket]

Marked Dex!! you the man. I am filing my complaint now. Anyone else file. Lets show these peeps a lesson! GLTA Today!

[Lostcoastkid]

What a post, wow....thanks D.....if we all file a complaint it would be beautiful

[ShizlDizl]

Wow, really excellent effort, Dex. Sad to say, without your post, I wasn't knowledgable enough to understand the MM manipulations. Wish I had the knowledge that you have in this area in order to do my own analysis of the naked shorts and FTDs. I have to wonder if the usual bashers have been subdued the last few days BECAUSE they knew the MMs were manipulating in their favor. I mean, they have been relentless in their lies on these boards and they may have some connection to this BS.

HOWEVER, one thing I CAN do is write like h*ll. You can be sure that I will submit complaint to the SEC and ask for a review of MM activity and market manipulation on this stock (and presumably, other MJ stocks). That is, if this analysis is true, the MMs are BILKING THOUSANDS OF INVESTORS OF MANY THOUSANDS just to cover and to benefit a very small group of people with whom they are thick as thieves. In a sense, the MMs are manipulating the stock in order to deny the investors who had the vision to invest early on, just to benefit themselves and their "friends." Wow wow wow.

If enough of us complain, they will be out of a job, that simple. It might even req criminal charges....

TY AGAIN

SD

[Tutu]

Nice post just got back in this morning

[I-Glow]

You can't look at the dailyshort volume - the information is worthless.

The short data for all OTC stocks including those quoted on OTC Markets (Pink Sheets) is sent to FINRA twice a month by broker/dealers. FINRA compiles it and publishes a semi monthly report. These bi-weekly reports show the aggregate short position by all market makers as of that settlement date.

The SRGE bi-weekly reports show no significant aggregate short positions. They can be found here: http://www.otcmarkets.com/stock/SRGE/short-sales or by entering the ticker on the OTCBB short interest page:http://www.otcbb.com/asp/OTCE_Short_Interest.asp

OTCMarkets ignores the daily short volume report. They understand it has zero relevance.

MMs do not "short" penny stocks. As part of making a market, they may have periodic short positions throughout a trading day if they fill buy orders for more shares than they have in inventory, but they also often have inventory when they fill sell orders. Having an inventory does not mean that they are going "long" any more than having a temporary net short position is "shorting." This kind of temporary short position is legal and necessary for efficient trading.

For a better understanding: http://investorshub.advfn.com/boards/read_msg.aspx?message_id=49600596

IG

[bgold]

This is the best explanation I have ever read on MM activities and shorting

[hedge_fun]

Well....I guess it's a sell!

SKTO is being manipulated by Market Makers and Brokers alike.

You've been posting this tyoe stuff for a while now. Others have said they are flipping over and over.

SKTO is going nowhere, right?

It's run it's course, right?

[TenKay]

No it's not.

Sheesh.

[BigBake1]

Such nice presentation but man is it completely all wrong. First issue is the data you are claiming to be Fails To Deliver data is in fact Daily Reg SHO SHORT VOLUME not FTD. FTD data is a Bi Monthly report distributed by the SEC from the DTCC. The most current FTD report ended March 15th, 2013. So for you to claim the data as FTD for second half of March and the first half of April is completely false.

http://www.sec.gov/foia/docs/failsdata.htm

And here is the actual data that has been archived:

http://www.sec.gov/foia/docs/failsdata-archive.htm

But lets just assume for one moment the FTD data is that high, which it is not and if one is curious as to the last FTD position here it was October of 2012:

  
 20121017 78440L107 SKTO 1974 SK3 Group, Inc. Common Stock 1 
 20121018 78440L107 SKTO 1974 SK3 Group, Inc. Common Stock 1 
 20121019 78440L107 SKTO 1974 SK3 Group, Inc. Common Stock 1 
 20121022 78440L107 SKTO 1974 SK3 Group, Inc. Common Stock 1 
 20121023 78440L107 SKTO 1974 SK3 Group, Inc. Common Stock 1

So we can see here a whole 1974 shares were FTD for a period of time of 5 consecutive days, my gawd that is just.. huuu…. Oh wait that is nothing at all, sorry no drama here for FTDs. But either way lets just assume it was 200 million shares, what does Fails To Deliver really mean? Well it certainly does not mean Naked Short Sales, because the SEC on that original link provided makes it very clear that one cannot determine the actual cause of a Failure to Deliver, they post this nice little note to remind people:

Please note that fails-to-deliver can occur for a number of reasons on both long and short sales. Therefore, fails-to-deliver are not necessarily the result of short selling, and are not evidence of abusive short selling or “naked” short selling. For more information on short selling and fails-to-deliver, see http://www.sec.gov/spotlight/keyregshoissues.htm, http://www.sec.gov/divisions/marketreg/mrfaqregsho1204.htm, and
http://www.sec.gov/rules/final/34-50103.htm.

So sorry but not even an FTD is proof of NSS nor is it proof short selling as per the SEC. Now you may ask why is that? Well because SEC Rule 200 which governs what gets marked as “Short Volume” has nothing to do with an actual short position but in fact it is simply a “mark” to show OWNERSHIP. Here in the OTC trading is through QUOTATION as opposed to exchange listed securities which are AUCTION. MMs use a process called RISKLESS PRINCIPLE in order to provide liquidity in the market and a good example is the following:

I have 2 million shares SKTO on the Offer, You want to purchase just a million of them, you place an order to your broker, due to the fact we use different brokers which use different MMs the orders gets uplined to an ECN and then picked up by an MM. Here is opportunity to make a market, the MM first sells “short” to you for 1 million shares on the initial leg of the transaction. That transaction is the only leg recorded in the DAILY REG SHO SHORT VOLUME report and does not get reconciled. This transaction also gets reported to the consolidated tape and then to FINRA. Now on separate leg of the same trade transaction the MM now buys from my 2 million shares the 1 million needed to “COVER” the transaction, this gets reported in a NON TAPE TRANSACTION REPORT to FINRA. This avoids duplicating consolidated tape volume and meets compliance with regulatory reporting requirements.

So as you can see it less than exciting, in fact it is much like watching paint dry, the magic is really not magic. But what I really find humorous is that there are no Reg SHO Flags on this security and to state as such is quite misleading since first the FTD reports have yet to come out for this period let alone the period before it and so there is no way FINRA would be showing a 4320 requirement. Anyone wanting to keep an eye on it you can do so here:

http://www.otcmarkets.com/stock/SKTO/short-sales

In fact even the Short Interest here is meaningless, so I am not sure why all the talk about shorting when the FTD report shows no Failures to Deliver here and if one wants to keep an eye on that data here is good place:

http://failstodeliver.com/default.aspx

So no FTDs and no Short Interest and the only thing posted is meaningless Short Volume data which has up to T+3 before becoming an FTD. T+3 by the way is Trade day Plus 3 days for settlement as per securities laws. The majority of trades are covered within seconds if not minutes on the same trading day, in fact the SEC claims that the OTC with it’s electronic trading and clearing and settlement process achieves a 98% settlement rate of it’s trade at T+1. Thus why they are looking into changing the settlement period to T+1.

Sorry to burst the bubble on the “squeeze” as one will never happen here as there are no shorts to squeeze as per regulatory documents provided in this post.

[sprtcrdlui]

great work. hopefully others will read it and understand it. thanks

[Newsguy1]

That's an impressive post!

[brigar6]

That post Dexi as much as my opinion regarding the logic shown on the board to justify certain things has me baffled, be like sitting in the Yukon 150 yrs ago with a pan.
Irregardless that is one of the best descriptive informative posts I have read. Very well done. You seem to know your stuff, thanks

[Stock Guy777]

WOW!! HOLY SHIT! GREAT POST!

[BettingAngles]

Nope, Completely wrong.. This is called stock trading-Supply Demand.. Simple. Bigfoot is not stealing your shares and smuggling them onto the UFO. No conspiracy here.. SKTO