Insiders will get shares, but they are locked up for 1 year
Insiders will get shares, but they are locked up for 1 year so that's probably why they don't care. The bigger problem is that on May 15th, they (6 external groups) converted 137,940,000 shares from the convertibles and that's probably what is being sold on the open market past couple of months. This is probably the reason the stock price has been killed starting in June until now.
Just like with AEGY, the convertibles that Asher Enterprises was dumping onto the open market killed the stock for awhile, but after he was done, AEGY was able to go from .0005 to .0055 high and now trading at .0015 or so.
Therefore, I expect SKTO to be trading around 2 pennies soon.
SK3 Group Inc. (SKTO) Stock Research Links
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