Open Letter/Email To Lt. Gov. Gavin Newsom Mr.
Post# of 36729
Posted On: 07/17/2013 12:15:26 AM
Open Letter/Email To Lt. Gov. Gavin Newsom
Mr. Lt. Governor,
A couple of years ago those of us that love the free markets were appalled to learn Congress was exempt from insider trading rules. Apparently many of our elected officials who swore to uphold our laws used a loophole in the law to enrich themselves. Which brings me to the point of this email.
Around April 23, Medical Greens (SK3 Group) put on their website an endorsement from you praising the "world class team" Chairman Kevin Allyn was assembling. In a recent radio interview, though brief, Chairman Allyn told Rick Dees and his audience about your support and gave the website address. Your endorsement remains on the Medical Greens website.
This excerpt is what I would like clarity on:
"....it is refreshing to see public companies, like Medical Greens, take a thorough and compliant approach to defining industry standards. As (parent company) SK3 Group's Chairman, Kevin Allyn, continues to assemble his world class team, it's obvious that they are going to bring real change to medical marijuana by developing best practices to assist state and local governments better deliver, administer and monitor a controversial and growing industry."
http://www.medicalgreens.com/AboutUs
What thorough and compliant approach is Medical Greens taking? What governments are they assisting and how?
Your endorsement has been touted as legitimacy for a public company that has had a history of over promising and under delivering. Many shareholders have lost a lot of money investing in SKTO before you ever endorsed them.
Prior to Kevin Allyn joining SK3 earlier this year, SKTO had not updated shareholders since 2011 after telling them audits were being prepared and they would become a fully reporting company. Those audits were never filed. SK3 recently announced an auditor had been engaged as the company plans a name change to Medical Greens.
If you didn't know, around the time your endorsement was posted in April, SKTO was trading between .04 and .05. Friday SKTO closed at .013. Investors have suffered huge losses after your endorsement which did not contain a disclaimer.
Would you be so kind as to have SKTO either update their website explaining what it is you seem to know? Or could you explain? The website has never been updated to fully explain their business model though they claim to have contracts in the tens of millions. Several investors are starting to think they've been fleeced by SK3 management.
Leveraging your name and office is smart. The intent is being questioned. It appears it was done so a few could enrich themselves at the expense of others. I hope to hear from you or Chairman Allyn as I understand you two are friends.
Thanks for your time,
Mr. Lt. Governor,
A couple of years ago those of us that love the free markets were appalled to learn Congress was exempt from insider trading rules. Apparently many of our elected officials who swore to uphold our laws used a loophole in the law to enrich themselves. Which brings me to the point of this email.
Around April 23, Medical Greens (SK3 Group) put on their website an endorsement from you praising the "world class team" Chairman Kevin Allyn was assembling. In a recent radio interview, though brief, Chairman Allyn told Rick Dees and his audience about your support and gave the website address. Your endorsement remains on the Medical Greens website.
This excerpt is what I would like clarity on:
"....it is refreshing to see public companies, like Medical Greens, take a thorough and compliant approach to defining industry standards. As (parent company) SK3 Group's Chairman, Kevin Allyn, continues to assemble his world class team, it's obvious that they are going to bring real change to medical marijuana by developing best practices to assist state and local governments better deliver, administer and monitor a controversial and growing industry."
http://www.medicalgreens.com/AboutUs
What thorough and compliant approach is Medical Greens taking? What governments are they assisting and how?
Your endorsement has been touted as legitimacy for a public company that has had a history of over promising and under delivering. Many shareholders have lost a lot of money investing in SKTO before you ever endorsed them.
Prior to Kevin Allyn joining SK3 earlier this year, SKTO had not updated shareholders since 2011 after telling them audits were being prepared and they would become a fully reporting company. Those audits were never filed. SK3 recently announced an auditor had been engaged as the company plans a name change to Medical Greens.
If you didn't know, around the time your endorsement was posted in April, SKTO was trading between .04 and .05. Friday SKTO closed at .013. Investors have suffered huge losses after your endorsement which did not contain a disclaimer.
Would you be so kind as to have SKTO either update their website explaining what it is you seem to know? Or could you explain? The website has never been updated to fully explain their business model though they claim to have contracts in the tens of millions. Several investors are starting to think they've been fleeced by SK3 management.
Leveraging your name and office is smart. The intent is being questioned. It appears it was done so a few could enrich themselves at the expense of others. I hope to hear from you or Chairman Allyn as I understand you two are friends.
Thanks for your time,
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