The story of dissolution is in the numbers. Who would ever agree to sell two houses plus proprietary equipment for $728,000 in value and later accept a nominal $40,000 in highly illiquid Grey Market securities worth much less if dumped? Fortunately, the agreed-upon SKTO shares were not issued, and the two deals were never consummated by an exchange of certificates.
$364,000 + 91,000 + 273,00 = $728,000
40,000,000 shares x 0.0010 (SKTO share value) = $40,000
From SKTO Q1 2014 Basic Pink Disclosure:
"On June 30, 2013, SK3 Group closed an acquisition agreement to acquire 100% of the assets of BBORL, INC (Berkeley Bio-Organic Research Laboratories), a California Corporation for 20 million shares of SK3 Group, common stock, valued at the closing market price of $0.0182 on the closing date, or a total of $364,000. [...] The share certificates have not yet been issued, but the shares are included in the issued and outstanding shares at December 31, 2013 and March 31, 2014."
D. Gold linkedin:
"After several incarnations, Dharma has since developed into the non-profit collective Dharma Care and Hospice Program, which provides free high-quality cannabis medicine to those Californians who are terminally ill and cannot afford the cannabis medicine prescribed by their doctor."
From SKTO Q1 2014 Basic Pink Disclosure:
"On June 30, 2013, the Company also acquired the assets of an existing California medical marijuana collective for 5,000,000 shares of common stock valued at the closing market price of $0.0182 on the closing date, or a total of $91,000, and also acquired four unique machines for the extraction and purification of essential oils from cannabis, to aid in the development and production of medicinal products without psychoactive effect, along with the right to use the machines, for an additional 15,000,000 shares valued at the closing market price of $0.0182 on the closing date, or a total of $273,000. [...] The share certificates have not yet been issued, but the shares are included in the issued and outstanding shares at December 31, 2013 and March 31, 2014."
$364,000 + 91,000 + 273,00 = $728,000
40,000,000 shares x 0.0010 (SKTO share value) = $40,000
From SKTO Q1 2014 Basic Pink Disclosure:
"On June 30, 2013, SK3 Group closed an acquisition agreement to acquire 100% of the assets of BBORL, INC (Berkeley Bio-Organic Research Laboratories), a California Corporation for 20 million shares of SK3 Group, common stock, valued at the closing market price of $0.0182 on the closing date, or a total of $364,000. [...] The share certificates have not yet been issued, but the shares are included in the issued and outstanding shares at December 31, 2013 and March 31, 2014."
D. Gold linkedin:
"After several incarnations, Dharma has since developed into the non-profit collective Dharma Care and Hospice Program, which provides free high-quality cannabis medicine to those Californians who are terminally ill and cannot afford the cannabis medicine prescribed by their doctor."
From SKTO Q1 2014 Basic Pink Disclosure:
"On June 30, 2013, the Company also acquired the assets of an existing California medical marijuana collective for 5,000,000 shares of common stock valued at the closing market price of $0.0182 on the closing date, or a total of $91,000, and also acquired four unique machines for the extraction and purification of essential oils from cannabis, to aid in the development and production of medicinal products without psychoactive effect, along with the right to use the machines, for an additional 15,000,000 shares valued at the closing market price of $0.0182 on the closing date, or a total of $273,000. [...] The share certificates have not yet been issued, but the shares are included in the issued and outstanding shares at December 31, 2013 and March 31, 2014."
