It's not a spin off IPO. Not even close. If you want to analyze what the company itself has said...the text highlighted in red says why.
...and there is nothing indicating a special dividend in this process. The company has explained what it is doing, and the plain English reading does not support any of your speculation. You can look at a pile of manure and speculate there is a nugget of gold being hidden inside...but chances are if it was there, it would be made VERY clear.
The only "dividend" they have announced has so far been a No Show....in any shape or form despite forward looking statements that indicated otherwise and are now past due.
SK3 Group, Inc. (OTC Pink: SKTO) announces that the previously reported merger of the company into its wholly-owned subsidiary, that was approved by the Board of Directors of the company, will result in the SKTO shareholders receiving three shares of Medical Greens, Inc. ("Medical Greens") common shares for each common share of SKTO held. The Medical Greens shares to be issued in the merger will be registered with the SEC and applicable state securities regulators. The parent-subsidiary merger was approved by the Board of Directors and does not require shareholder approval under state law. Medical Greens will be the surviving entity in the merger and as part of the transaction will request a new trading symbol from FINRA and a new CUSIP number.
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