As of the PHOT suspension, it's a different ball g
Post# of 36728
Posted On: 04/11/2014 12:21:08 PM
Re: AmericanSavage #31062
As of the PHOT suspension, it's a different ball game for the sector. The event shocked and sobered the market and readjusted the risk to holding and entering MMJ. It was akin to throwing ice-cold water on party revelers, and will limit the scope and extent of both market participation and participants. The SEC casts a very large shadow, and it's haunting and hunting the sector. The market can't help but think, "If PHOT could get the axe, others are imperiled." That's a factor affecting all MMJ tickers.
In SKTO, there is also the promotion to contend with. 'Third party or parties' spent $300,000. These guys don't lay down that kind of money for nothing; they expect a manyfold return. That's a lot of shares to unload on the market.
The 8-K is the merger agreement -- a more detailed version of the PR. It's not a consummation which is a number of months down the road (Q4 14 . Q1 15), if approved. (It's not yet a closing, either.) Most of the market understood that; others not as much.
In my view, these three factors will weigh on SKTO price appreciation.
In SKTO, there is also the promotion to contend with. 'Third party or parties' spent $300,000. These guys don't lay down that kind of money for nothing; they expect a manyfold return. That's a lot of shares to unload on the market.
The 8-K is the merger agreement -- a more detailed version of the PR. It's not a consummation which is a number of months down the road (Q4 14 . Q1 15), if approved. (It's not yet a closing, either.) Most of the market understood that; others not as much.
In my view, these three factors will weigh on SKTO price appreciation.
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