SK3 Group Inc (OTCMKTS: SKTO) Aims For a Higher Listing
Small cap SK3 Group Inc is a healthcare logistics and fulfillment consultancy focused on the delivery of alternative care and medicine. On Friday, SK3 Group Inc fell 7.35% to $0.0227 for a market cap of $13.46 million plus SKTO is down 54% over the past year and down 99.3% over the past five years according to Google Finance.
z?s=SKTO&t=5d&q=&l=&z=l&a=v&p=s&lang=en-
What’s the Catch With SK3 Group Inc? According to various disclosures, transactions of $500, $1.5k, $2k, $2.5k, $7.5k, $12k and $30k have or will occur to mention SK3 Group Inc in various investment newsletters. Last Thursday, SK3 Group Inc announced that a live broadcast of the “cutting edge and industry leading” YouTube based talk show "Getting Doug with High" had featured the products and services of title sponsors SK3 Group and Pharmajanes.com. Then earlier in the month, SK3 Group (which is apparently doing business as Medical Greens) and Alternative Energy Partners, Inc (OTCQB: AEGY), which is doing business as PharmaJanes, signed a definitive agreement to merge the two companies for better market efficiencies and to create a single medical marijuana market support company which can qualify for a higher (e.g. AMEX, NASDAQ) market listing. SKTO and AEGY will merge into a newly formed acquisition company which will integrate the separate operations of both companies. However, no financial details were disclosed. A quick look at SK3 Group Inc’s financials reveals revenues of $13,008k (most recent reported quarter) and $5,097k for first two quarters of last year; net income of $12,802k (most recent reported quarter) and $4,929k; and no cash but $18,063k in receivables to cover $894k in current liabilities at the end of of last June. So investors will want to wait for some more financials to appear.