joey: The list of headlines from SKTO PRs at MG website is a good place to start. How many of those PRs came true?
Medical Greens (MG) is a wholly owned subsidiary acquired by SKTO from iequity corporation (private) in Q1 2013 for 5mil in preferred SK3 shares that still haven't been issued! That alone can be grounds for fraud.
In addition, Medical Greens wasn't even registered as a business firm when SK3 PRs (03.11.2013 and 03.22.2013) announced $30mil in contracts with collectives. iequity corp CEO Henry Jan registered MG as a business in California on 04.18.2013
Where is any evidence of iequity corp securing $150mil in funding that iequity announced in April 2013? Who in their right minds would give CEO Henry Jan access to $150mil? His linkedin bad boy "apologia" was likely a clever blind to fool the markets iequity had backing. SEC and DOJ should launch a probe into iequity corp.
Paragon Consulting seems the perfect fiction du jour. SK3 offers no proof whatsoever of the authenticity of PCG, much less one that has been operating in the cannabis space for 15 years. It's the M.O. of a fraudster to create a ruse to serve the purpose of the day, and then quietly withdraw it later. Just like all those vanishing collectives that generated $30mil in contracts announced in March 2013. All a ruse to dump shares.
Similarly, the 2013 EOY claim of 53mil in revenues and $17mil in net profits were hot air. No money collected. It was a gimmick to create a market in order to unload SKTO shares during the promotion (April/May 2014).
Regional SEC office email contacts:
http://www.sec.gov/contact/addresses.htm
FINRA
whistleblower@finra.org
1-866-963-4672
SKTO. Looked over the 2014 late Q1. They've all but admitted committing multimillion-dollar fraud on the markets by writing off all the unattested collective contracts that propelled SKTO from triple zeros to 8 cents in 2013 Q1. They reported a $12m loss in 2014 Q1 after a year of apparent fraud accompanied by succession of false and misleading statements -- followed in 2014 by a suspicious third-party $600,000 saturative promotion. SK3 received additonal cash advances ($76k) in 2014 Q1. The $600,000 convertible accorded to iequity (for what?) will no doubt require a significant rise in A/S to accomodate several billion in new common shares.
Their new claim of acquiring Paragon Consulting Group (PCG) is tissue thin if not laughable. PCG appears nowhere in a search of firms that would fit the description set forth in 2014 Q1. No address, no website, no identifying principals are cited -- no hard evidence to support PCG's existence as described. The intended acquisition in the "next quarter" of PCG (which Mayor claims generates $1.34m per month) for only 25m SKTO shares of decreasing value is preposterpous. In the "next quarter," PCG will likely fade away as did the $30m in reputed collective contracts. Mayor and Jan have apparently doubled down on gaming the markets and playing the shareholders for suckers.
It would seem the firm is ripe for suspension and possible criminal probe.
Regional SEC office email contacts:
http://www.sec.gov/contact/addresses.htm
FINRA
whistleblower@finra.org
1-866-963-4672
Medical Greens (MG) is a wholly owned subsidiary acquired by SKTO from iequity corporation (private) in Q1 2013 for 5mil in preferred SK3 shares that still haven't been issued! That alone can be grounds for fraud.
In addition, Medical Greens wasn't even registered as a business firm when SK3 PRs (03.11.2013 and 03.22.2013) announced $30mil in contracts with collectives. iequity corp CEO Henry Jan registered MG as a business in California on 04.18.2013
Where is any evidence of iequity corp securing $150mil in funding that iequity announced in April 2013? Who in their right minds would give CEO Henry Jan access to $150mil? His linkedin bad boy "apologia" was likely a clever blind to fool the markets iequity had backing. SEC and DOJ should launch a probe into iequity corp.
Paragon Consulting seems the perfect fiction du jour. SK3 offers no proof whatsoever of the authenticity of PCG, much less one that has been operating in the cannabis space for 15 years. It's the M.O. of a fraudster to create a ruse to serve the purpose of the day, and then quietly withdraw it later. Just like all those vanishing collectives that generated $30mil in contracts announced in March 2013. All a ruse to dump shares.
Similarly, the 2013 EOY claim of 53mil in revenues and $17mil in net profits were hot air. No money collected. It was a gimmick to create a market in order to unload SKTO shares during the promotion (April/May 2014).
Regional SEC office email contacts:
http://www.sec.gov/contact/addresses.htm
FINRA
whistleblower@finra.org
1-866-963-4672
SKTO. Looked over the 2014 late Q1. They've all but admitted committing multimillion-dollar fraud on the markets by writing off all the unattested collective contracts that propelled SKTO from triple zeros to 8 cents in 2013 Q1. They reported a $12m loss in 2014 Q1 after a year of apparent fraud accompanied by succession of false and misleading statements -- followed in 2014 by a suspicious third-party $600,000 saturative promotion. SK3 received additonal cash advances ($76k) in 2014 Q1. The $600,000 convertible accorded to iequity (for what?) will no doubt require a significant rise in A/S to accomodate several billion in new common shares.
Their new claim of acquiring Paragon Consulting Group (PCG) is tissue thin if not laughable. PCG appears nowhere in a search of firms that would fit the description set forth in 2014 Q1. No address, no website, no identifying principals are cited -- no hard evidence to support PCG's existence as described. The intended acquisition in the "next quarter" of PCG (which Mayor claims generates $1.34m per month) for only 25m SKTO shares of decreasing value is preposterpous. In the "next quarter," PCG will likely fade away as did the $30m in reputed collective contracts. Mayor and Jan have apparently doubled down on gaming the markets and playing the shareholders for suckers.
It would seem the firm is ripe for suspension and possible criminal probe.
Regional SEC office email contacts:
http://www.sec.gov/contact/addresses.htm
FINRA
whistleblower@finra.org
1-866-963-4672
