Replies to post #62305 on SK3 Group Inc. (SKTO)

[CarloRoberts]

Hopefully this information helps investors/traders

This "information" only helps SKTO to continue dumping shares.

#totalfantasy

[Quisling]

how long do shareholders have to wait for the change. is there a period of time when the shares cannot be traded? Also, can skto lower the authorized shares during this process. If it can, this would make sense if their goal is to get to a higher exchange. Lower the AS to 100 million for instance, a 1 for 5 revesrse split. I wouldnt mind a reverse split if the AS is lowered by the same percentage.

[LAgirl33]

Thanks stervc!!! Very informative like always!! :)

[stockfinder2012]

Thanks. Good DD from CUSIP and DTC. As I read it, a New CUSIP along with Company Name Change (matched with address of company) plus New Ticker force full "accountability" and, importantly, a "movement of shares," that is, the actual exchange of bona fide old shares (old inventory) for bona fide new shares (new inventory). This comprehensive multi-stage process almost seems mechanical in process whereby any shares, short or naked, would be exposed and therefore could not be electronically masked as they could be were there fewer changes.

Very interesting. Great post.

Full Post
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=89229433

Segment
Re: "Vinnie, from the CUSIP Service Bureau, explained it to me as such...

When stock 1234 changes its name and CUSP# to stock 5678, the shares of stock 5678 are given to them electronically by the TA to replace stock 1234. This is the key transaction. If only a CUSIP# change transpires then a lesser type of accountability takes place. The name change matching the address of the company is what actually forces an exchange of the "old inventory" of shares to the “new inventory” of shares. Without the name change, there is NOT a "movement of shares" from the TA that takes place.

Here with SKTO, the share transaction between SKTO and Medical Greens is what will force a “movement of shares” which means that any short or naked short positions can’t be masked as it would if the transaction was done electronically alone."

[buggs]

Steve... thanks for that explanation. Nice job!

buggs

[terry_mathews]

yo stervc....you don't understand how a transfer is made. What you hold in your account is book entry shares. when a stock CUSIP change is made it is done at the Cede and Co level on physical shares. Your account is immediately reconciled (book entry) and considered matched to DTCC Cede and Co. holdings. There has NEVER been a short squeeze to close out short positions held during a CUSIP change NEVER because the system won't allow that intent to manipulate.

Ultimately...nothing you have stated is factual and the evidence is in the hundreds of examples/thousands of examples that exist over the history of this particular action. Care to discuss this history as it stands relative to your comments here with SKTO? Is SKTO to be the very first after decades of this action taking place?

[XXWIDE]

Great Post Sterling!
As usual, your right on.

[janice shell]

There is much to understand the ”why” a name, ticker, and CUSIP # change of which I will try to explain some key reasons why.

No there isn't. As you say, they're changing the name to better reflect the new business. They're changing the CUSIP because it's required with a name change.

I’m not sure if SKTO is heavily shorted or naked shorted as I have not been compiling data to derive such.

It isn't. It's never been on the SHO list, and when last reported, short interest was a mere 38,892 shares.

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

It already does "trade fairly".

And as you say, there will be a DTC review.

[BoomBaby]

Once again thank-you stervc!!
GO SKTO!!

[The Whale]

Stervc, thank you for taking the time and explaining it to the Longs here. I really appreciate your hard work on this thread. SKTO.