Posted On: 04/17/2014 11:23:10 AM
Post# of 36729
Any undertaking by the company to clear the air about specific issues that off put the market would be well received. As for further information on revenues, newly appointed director D. Gold stated on FB that he could not speak to "numbers, finances, business operations." Management would be the ones to address this issue.
What happened to the chairman of the firm? Both Chairman Kevin Allyn and the office of Chairman vanished from the company roster in EOY fins without any announcement. This is highly irregular in the business world even among the pinks. There was no 8-K to inform shareholders of this material event as required by OTCM for Current Information Pink Sheets.
Security attorney on material events requiring 8-K at OTCM.
http://investorshangout.com/post/view?id=1257005
The matter of what appears to be a half-million dollar cash promotion also needs to be addressed by the company. SKTO management need to distance themselves from this campaign if they are not involved, especially, during the sensitive time of merger-in-process. Otherwise, the market and regulators might perceive the massive campaign as manipulation. Silence is tacit agreement.
Unaudited 'net receivables' along with $25m in bad debt that applies to past receivables are important and obvious factors in market hesitation. Uncollected SK receivables are not well received given past performance. The company lost an opportunity in assuaging the market and bringing in new investors had these results been audited.
What happened to the chairman of the firm? Both Chairman Kevin Allyn and the office of Chairman vanished from the company roster in EOY fins without any announcement. This is highly irregular in the business world even among the pinks. There was no 8-K to inform shareholders of this material event as required by OTCM for Current Information Pink Sheets.
Security attorney on material events requiring 8-K at OTCM.
http://investorshangout.com/post/view?id=1257005
The matter of what appears to be a half-million dollar cash promotion also needs to be addressed by the company. SKTO management need to distance themselves from this campaign if they are not involved, especially, during the sensitive time of merger-in-process. Otherwise, the market and regulators might perceive the massive campaign as manipulation. Silence is tacit agreement.
Unaudited 'net receivables' along with $25m in bad debt that applies to past receivables are important and obvious factors in market hesitation. Uncollected SK receivables are not well received given past performance. The company lost an opportunity in assuaging the market and bringing in new investors had these results been audited.
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