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SK3 Group Inc. SKTO
Posted On: 07/08/2014 12:31:13 PM
Post# of 36729
Posted By: bellsandwhistles
Re: Budd Kind #35913
The cherry picking of assets by an interested firm was a blueprint I suggested here. Having said that, it's quite difficult to imagine why a firm would merge or acquire AEGY. They haven't generated any revenues in years and exist on sales of convertible debt. As to PJ and Simple Prepay. Another firm might be interested in cherry picking them, but on terms that would probably not excite AEGY shareholders crushed by dilution. PJ is reproducible. Ditto Simple Prepay.

As to SKTO, they are not the object of the vaunted merger or acqusition, rather an afterthought to keep shareholders baited most likely. In that latter endeavor, the failures of failures Artemus Mayor has had much experience and, ironically, success. Interestingly, 'artemos' is the Greek word for 'butcher,' of semiotic significance perhaps; semiotics being a studied branch of communications. In any case, Artemus has certainly lived out his name in butchering shareholder wallets and accounts for some years, including prior to March 2013.

I think BBio would do well by hiring a good lawyer (not Benz) who could advise about the prospects of breaking away the SK3 and the IEquity Corp. cabal for cause. In that respect, that the acquisition of BBio by SK3 has reportedly not been consummated by an actual exchange of shares is a good thing. BBio is still an independent private firm and might avoid its reputation being sullied by latching on to a reputable firm before lawsuits fly, as I expect they will.














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