Posted On: 08/06/2014 12:31:27 PM
Post# of 36729
No connection per article. My post is not to suggest SKTO was suspended for the $600K promotion in April 2014. AEGY was suspended in the same SEC order; AEGY was not the subject of a promotion. If anything, the promotion only served to rub salt in the wound.
The contemplated merger (AEGY + SKTO) first announced in March 2014 followed up by an April 04 PR was, in my view then, extremely ill-advised. At the time, I said a merger plan would force the SEC to take a hard look at both tickers. Not good, especially given that SEC MFTF was coming down hard on questionable MMJ companies.
The AVNE suspension (March 05, 2014; first MMJ suspended) and its direct line to IEquity Corp should have nixed any plans for a merger, but Jan, Hipple, Mayor, Burke et al. and associate lenders apparently were blinded by the allure of selling off more billions of shares on the hype and of burying the IEquity/MG deception.
The contemplated merger (AEGY + SKTO) first announced in March 2014 followed up by an April 04 PR was, in my view then, extremely ill-advised. At the time, I said a merger plan would force the SEC to take a hard look at both tickers. Not good, especially given that SEC MFTF was coming down hard on questionable MMJ companies.
The AVNE suspension (March 05, 2014; first MMJ suspended) and its direct line to IEquity Corp should have nixed any plans for a merger, but Jan, Hipple, Mayor, Burke et al. and associate lenders apparently were blinded by the allure of selling off more billions of shares on the hype and of burying the IEquity/MG deception.
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