Replies to post #124856 on SK3 Group Inc. (SKTO)

[votrade]

from Iequity website;

Aventura has not acquired Berkeley Bio-Organic Research Laboratory ("Berkeley Bio"). Berkeley Bio remains a wholly-owned subsidiary of SKTO. In addition, although the transaction referenced resulted in Aventura receiving the rights to the intellectual property in the proprietary technology, processes, formulations, and marks of Berkeley Bio that have already been developed, SKTO remains, and will remain, the exclusive licensee of such intellectual property. The announced agreement/transfer does not permit Aventura to license others to use this intellectual property. In addition, the agreement announced by Aventura Equities does not cover future intellectual property developed by Berkeley Bio which will inure to the benefit of SKTO unless otherwise agreed. We have become aware of incorrect speculation that somehow this announcement impinges upon the rights of SKTO to its use of the Berkeley Bio technology, and that is simply incorrect.

[TenKay]

No it has not been denied at all. The only issue was how some were apparently interpreting the PR....so they both needed to clarify. The intellectual property rights to all of Berkeley Bio's work as been assigned to AVNE...even though SKTO BOUGHT Berkeley Bio back in April. So AVNE now owns the license that SKTO holds...and SKTO owns some lab equipment.