I think the market's response to EOY was entirely
Post# of 36729
Posted On: 04/16/2014 1:43:26 PM
I think the market's response to EOY was entirely rational. Consider holdover management's past statements. In that regard, joey made an excellent point that the March 22, 2013 bluster of $30m in contracts was a come on. Most of that has subsequently been listed as bad debt just 9 months later (Dec 31). Therefore, one can't blame the market for caution and skepticism regarding the EOY $27m in receivables which are in fact debt owed.
March 22, 2013
SK3 Group, Inc. Announces $30 Million in New Contracts
MIAMI, FL--(Marketwire - Mar 22, 2013) - SK3 Group, Inc. (OTC Pink: SKTO) today announces that its newly acquired subsidiary, Medical Greens™, has contracted for over $30 Million in annual licensing, management, and logistic services from collectives throughout California, after only its first full week of operations under SK3 Group, Inc. "Our team has been exceptional in establishing new client relationships, as we have assembled a complete state-of-the-art service package for the collectives we will manage and consult," states Kevin Allyn, Chairman of SK3. "We have teamed up with top industry experts to offer the highest quality of service and experience for our clients. Currently, we are working with several additional collectives in transitioning their current services and operations into Medical Greens™."
Recently, SK3 announced that it has shifted its business model to focus purely on the medical marijuana space with the acquisition of Medical Greens™, a business that currently provides licensing, management, and logistic services for medical marijuana collectives throughout California.
About SK3 Group, Inc.
SK3 is a healthcare logistics and fulfillment consultancy focused on the delivery of alternative care and medicine. With seasoned management, breakthrough technology and best practices, SK3 brings standardization and transparency to this rapidly growing segment of the alternative care field
March 22, 2013
SK3 Group, Inc. Announces $30 Million in New Contracts
MIAMI, FL--(Marketwire - Mar 22, 2013) - SK3 Group, Inc. (OTC Pink: SKTO) today announces that its newly acquired subsidiary, Medical Greens™, has contracted for over $30 Million in annual licensing, management, and logistic services from collectives throughout California, after only its first full week of operations under SK3 Group, Inc. "Our team has been exceptional in establishing new client relationships, as we have assembled a complete state-of-the-art service package for the collectives we will manage and consult," states Kevin Allyn, Chairman of SK3. "We have teamed up with top industry experts to offer the highest quality of service and experience for our clients. Currently, we are working with several additional collectives in transitioning their current services and operations into Medical Greens™."
Recently, SK3 announced that it has shifted its business model to focus purely on the medical marijuana space with the acquisition of Medical Greens™, a business that currently provides licensing, management, and logistic services for medical marijuana collectives throughout California.
About SK3 Group, Inc.
SK3 is a healthcare logistics and fulfillment consultancy focused on the delivery of alternative care and medicine. With seasoned management, breakthrough technology and best practices, SK3 brings standardization and transparency to this rapidly growing segment of the alternative care field
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