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Just spent about 45 minutes on the phone with Darren over at IR. Very informative and very knowledgeable. We spoke on a wide variety of topics. Darren along with a team have been brought on to clear up what we have been sort of left in the dark about. The way he put it is, SKTO has been going a thousand miles per hour building the business and in turn have left much needed transparency to shareholders. They are working on bringing this transparency to the forefront for us. He said they are not going to be PR'in every little thing. They are going to fix the transparency issues and by that gain investor confidence.
1. Financials- Darren said he has significant accounting background and the way SKTO presented financials to the public was not the correct way. They are re-working the financials to provide clarity on the contracts and the repayment terms and we should see this within about 2 weeks. He assured me all the contracts and revenues are 100% legitimate, just need better clarity on the quarterly which we will soon see.
2. 3 for 1 split and dividend. This cannot happen without AEGY and AEGY must have their annual audited before the split or dividend can happen. The financials for AEGY are due OCT 31. Look for the split and dividend to happen sometime around that time, probably November.
3. Websites- They are working on getting these all updated and we should see them completed in around 2 weeks.
4. Media coverage- They are holding off on Larry King and other big interviews until websites are up, financials reworked and more transparency is brought. This does make the most sense.
5.Conference call- Look for a video conference call with Allyn sometime in September. More like mid to late September. Before they do this they again want to get the reworked fins out and websites built.
6. Darren assured me they will not cater to the boards. He said they are going to build the company, build the transparency level and with that will come confidence and higher share prices. he assured me all the old players are out and the new ones are running the show. Once again the main focus of the company right now is providing better clarity on the financials and contracts and building the websites. From what I gathered within the month of September is when a lot of the questions we have as shareholders will be answered.
7. cusip and name change- They are working on this but this is not their top priority right at moment. Again fins and websites are top priority.
I asked him if they would say anything about the price activity or manipulation and he said no. They are going to build this business and let the price grow accordingly. If you didn't know it already, this is an investment and not a quick get rich scheme. If you have not called IR already I urge you to do so. very informative and took his time explaining everything.
1. Financials- Darren said he has significant accounting background and the way SKTO presented financials to the public was not the correct way. They are re-working the financials to provide clarity on the contracts and the repayment terms and we should see this within about 2 weeks. He assured me all the contracts and revenues are 100% legitimate, just need better clarity on the quarterly which we will soon see.
2. 3 for 1 split and dividend. This cannot happen without AEGY and AEGY must have their annual audited before the split or dividend can happen. The financials for AEGY are due OCT 31. Look for the split and dividend to happen sometime around that time, probably November.
3. Websites- They are working on getting these all updated and we should see them completed in around 2 weeks.
4. Media coverage- They are holding off on Larry King and other big interviews until websites are up, financials reworked and more transparency is brought. This does make the most sense.
5.Conference call- Look for a video conference call with Allyn sometime in September. More like mid to late September. Before they do this they again want to get the reworked fins out and websites built.
6. Darren assured me they will not cater to the boards. He said they are going to build the company, build the transparency level and with that will come confidence and higher share prices. he assured me all the old players are out and the new ones are running the show. Once again the main focus of the company right now is providing better clarity on the financials and contracts and building the websites. From what I gathered within the month of September is when a lot of the questions we have as shareholders will be answered.
7. cusip and name change- They are working on this but this is not their top priority right at moment. Again fins and websites are top priority.
I asked him if they would say anything about the price activity or manipulation and he said no. They are going to build this business and let the price grow accordingly. If you didn't know it already, this is an investment and not a quick get rich scheme. If you have not called IR already I urge you to do so. very informative and took his time explaining everything.
