Posted On: 04/14/2014 11:23:40 AM
Post# of 36729
The continuing promotions involving very large sums of money to sustain them are frankly worrisome. Not easy to paint a happy face on this. They are obviously of such importance to the funder or funders to justify spending hundreds of thousands of dollars to tout a stock. What's in it for them?
Had the exhibits and schedules been included with the 8-K released to OTC, they may have shed light on the reasons behind the campaign. As always, the devil is in the details.
8-K
"There are no outstanding subscriptions, options, warrants, puts, calls, rights, exchangeable or convertible securities or other commitments or agreements of any character relating to the issued or unissued capital stock or other securities of the SKTO, or otherwise obligating SKTO to issue, transfer, sell, purchase, redeem or otherwise acquire any such securities except as described in Schedule 4.2 (b)."
"Except as set forth above and as described in Schedule 4.2 (a), as of the date hereof, no shares of capital stock or other voting securities of SKTO are issued, reserved for issuance or outstanding and no additional shares of capital stock or other voting securities of SKTO shall be issued or become outstanding after the date of this Agreement."
Had the exhibits and schedules been included with the 8-K released to OTC, they may have shed light on the reasons behind the campaign. As always, the devil is in the details.
8-K
"There are no outstanding subscriptions, options, warrants, puts, calls, rights, exchangeable or convertible securities or other commitments or agreements of any character relating to the issued or unissued capital stock or other securities of the SKTO, or otherwise obligating SKTO to issue, transfer, sell, purchase, redeem or otherwise acquire any such securities except as described in Schedule 4.2 (b)."
"Except as set forth above and as described in Schedule 4.2 (a), as of the date hereof, no shares of capital stock or other voting securities of SKTO are issued, reserved for issuance or outstanding and no additional shares of capital stock or other voting securities of SKTO shall be issued or become outstanding after the date of this Agreement."
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