A study of SKTO evolution in progress.
"Our business plan is constantly evolving. That's one of the things that's really exciting about this space. We will disclose additional elements of it, as and when we are required or when we are able to do so. But do not expect us to divulge the company's plans for the future because that could cause a competitive disadvantage for us . I can say that we are looking at and intend to be growing the company both with acquisitions and with organic internal growth . Suffice it to say, I think we are on to some exciting ideas that will transform this (MMJ) space." -- Kevin Allyn Chairman SKTO ( 09/12/2013 )
In 08/2013 iequity acquired 10mil restricted common shares of AVNE. This was escrow collateral pursuant to a Letter of Intent.
"IEquity, Corp Common -Restricted 10,000,000 Letter of Intent / Escrow Collateral"
In 08/2013 Rubicon Advisors received 5,393,000 restricted common shares of AVNE pursuant to consulting agreement.
"Rubicon Advisors Common -Restricted 5,393,000 Consulting Agreement"
Months earlier, in June 2013, SK announced MG merger with forward split, cusip/name change etc. My theory is this proposition hit a brick wall and/or too much red tape, and other merger possibilities were then entertained, hence, AVNE.
The planned AEGY dividend may have been holding up the MG merger. It certainly didn't ease the complex merger process.
Aggravation was growing by end of 07/2013. In his letter of 07/26, Allyn wrote "While AEGY has agreed to undertake this registration, it is a complex, expensive and time-consuming process and requires the completion of SEC review after filing, and the clearance of a Notice of Corporate Action filed with FINRA before it is effective
Benz echoed this frustration in CC on 09/12/2013: "As soon as AEGY registers the shares that are to be distributed by SK3 as a dividend, the dividend will happen. AEGY can't do a registration on this, we've been told, until after it completes an audit and files its annual report on Form 10-K for the year ended July 31, 2013. That is due at the end of October (2013). So, at some point, in now a much shorter time than before, in the coming months, that will happen but I can't put a date on it at this point."
09/12/2013 CC transcription
http://investorshangout.com/boards/message?id=977129
http://investorshangout.com/boards/message?id=980803
On 09/12/2013 Chairman Allyn talked of evolution of plans and acquisitions: "Our business plan is constantly evolving. That's one of the things that's really exciting about this space. We will disclose additional elements of it, as and when we are required or when we are able to do so. But do not expect us to divulge the company's plans for the future because that could cause a competitive disadvantage for us. I can say that we are looking at and intend to be growing the company both with acquisitions and with organic internal growth. Suffice it to say, I think we are on to some exciting ideas that will transform this (MMJ) space."
I submit that 1) this AVNE transition/merger has been in planning for many months, 2) Allyn and Benz are very much engaged in this process, and 3) we as SKTO shareholders are in good hands.
"Our business plan is constantly evolving. That's one of the things that's really exciting about this space. We will disclose additional elements of it, as and when we are required or when we are able to do so. But do not expect us to divulge the company's plans for the future because that could cause a competitive disadvantage for us . I can say that we are looking at and intend to be growing the company both with acquisitions and with organic internal growth . Suffice it to say, I think we are on to some exciting ideas that will transform this (MMJ) space." -- Kevin Allyn Chairman SKTO ( 09/12/2013 )
In 08/2013 iequity acquired 10mil restricted common shares of AVNE. This was escrow collateral pursuant to a Letter of Intent.
"IEquity, Corp Common -Restricted 10,000,000 Letter of Intent / Escrow Collateral"
In 08/2013 Rubicon Advisors received 5,393,000 restricted common shares of AVNE pursuant to consulting agreement.
"Rubicon Advisors Common -Restricted 5,393,000 Consulting Agreement"
Months earlier, in June 2013, SK announced MG merger with forward split, cusip/name change etc. My theory is this proposition hit a brick wall and/or too much red tape, and other merger possibilities were then entertained, hence, AVNE.
The planned AEGY dividend may have been holding up the MG merger. It certainly didn't ease the complex merger process.
Aggravation was growing by end of 07/2013. In his letter of 07/26, Allyn wrote "While AEGY has agreed to undertake this registration, it is a complex, expensive and time-consuming process and requires the completion of SEC review after filing, and the clearance of a Notice of Corporate Action filed with FINRA before it is effective
Benz echoed this frustration in CC on 09/12/2013: "As soon as AEGY registers the shares that are to be distributed by SK3 as a dividend, the dividend will happen. AEGY can't do a registration on this, we've been told, until after it completes an audit and files its annual report on Form 10-K for the year ended July 31, 2013. That is due at the end of October (2013). So, at some point, in now a much shorter time than before, in the coming months, that will happen but I can't put a date on it at this point."
09/12/2013 CC transcription
http://investorshangout.com/boards/message?id=977129
http://investorshangout.com/boards/message?id=980803
On 09/12/2013 Chairman Allyn talked of evolution of plans and acquisitions: "Our business plan is constantly evolving. That's one of the things that's really exciting about this space. We will disclose additional elements of it, as and when we are required or when we are able to do so. But do not expect us to divulge the company's plans for the future because that could cause a competitive disadvantage for us. I can say that we are looking at and intend to be growing the company both with acquisitions and with organic internal growth. Suffice it to say, I think we are on to some exciting ideas that will transform this (MMJ) space."
I submit that 1) this AVNE transition/merger has been in planning for many months, 2) Allyn and Benz are very much engaged in this process, and 3) we as SKTO shareholders are in good hands.
