Posted On: 04/14/2014 11:47:52 AM
Post# of 36729
Re: AmericanSavage #31131
If you are implying unregistered shares, I wouldn't think so. Anyone funding a high-profile campaign to the tune of hundreds of thousands of dollars in order to dump large quantities of unregistered shares is certifiably insane. Selling just one unregistered share into the public market can be a felony if there is intent to defraud. If they had unregistered shares to dump, they would do it surreptitiously. More likely than that scenario are shares described in Schedules 4.2 (b) and 4.2 (a) which schedules are unfortunately hidden from our view. A/S of SKTO common is 1.25 billion; O/S is 697m -- a difference of 553m shares.
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."
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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