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SK3 Group Inc. SKTO
Posted On: 03/31/2014 1:50:44 PM
Post# of 36729
Posted By: bellsandwhistles
Re: Budd Kind #29834
My research of SK financials indicated that Crystal, pursuant to the settlement, was granted 53m free trading shares in July 2013. These shares had already been issued by SK3 in Q2/Q3. The settlement also prescribed additional quarterly tranches of shares going forward that had not yet been issued by SK at the time of the first grant in July. These shares would be restricted shares. If Crystal were to remove a restricted legend on unregistered shares and sell them into the market in violation of the terms of SEC Rule 144, it would constitute a felony.

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