The bad debt reported thus far ($25m) apparently takes out the bulk of those ~$30m in contracts touted in March 2013 at inception, which naturally begs the question: Were those contracts reported in PRs and unaudited fins more form than substance? The write-offs can't rule out the possibility and, indeed, arguably support the notion. It was Mayor who sat as SKTO president when those PRs and unaudited fins were issued. And, according to attorney letter, it is Mayor, still the president, and Burke who prepared the current unaudited fins being posted up at OTCM. Is this one of the reasons the market is skittish about SKTO?