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  4. SK3 Group Inc. (SKTO) Message Board

No one can blame stockowners holding, exclusively

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Post# of 36729
Posted On: 04/02/2014 2:32:53 PM
Posted By: bellsandwhistles
No one can blame stockowners holding, exclusively or in large part, financially crippled AEGY -- for wanting the merger and blasting critics of same. A merger transfers half the weight or more of AEGY's accumulated deficit of $10,247,626 and working capital deficit of $1,761,077 (as of Jan 31, 2014) not to mention large amounts of convertible debt onto the backs of SKTO/BB shareholders. For AEGY, the merger saves their hides; at least that's what they think. But beware of wishes fulfilled. For SKTO shareholders, it's a merger with a firm grossly inferior with lots of baggage that ruins our (i.e., SKTO's) balance sheet and, importantly, exponentially increases the risk of SEC scrutiny of AEGY and their pouncing on questionable AEGY issues. That's not good for SKTO/BB.


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