Our New Pick Is SKTO Good Evening Traders, Are you ready to go back to the well again After posting at least 5 double or triple digit
percentage gains in the marijuana space already this year, hopefully you have come to trust the nature of our game with respect to the space.
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We know this is the only truly revolutionary sector in the market… the only place where companies have the chance to go from truly just about worthless to posting a billion dollar market cap.
Why Because this is clearly moving towards full legalization, slowly but surely.
Today’s alert is a leader in the space that has just announced a plethora of very strong catalysts: SKTO .
Take a moment and read through the full research report below for more details Symbol : SKTO Company : SK3 Group Inc.
Quote : http://finance.yahoo.com/qs=SKTO&ql=1 Latest News : http://finance.yahoo.com/q/hs=SKTO+Headlines Company Website : http://www.medicalgreens.com/
Our Newest Multi-Million Dollar Cannabis/Marijuana Alert: SK3 Group Inc. (OTCMKTS: SKTO) This is where the real serious money is being made in this bull market: Marijuana. SKTO provides support frameworks for the medical marijuana industry, perhaps the fastest growing industry in the country today.
The stock is pulling back nicely with a longer-term intact trend in place. And now we are starting to get the type of catalysts that can set a play apart.
First off, just out a couple days ago, we got word that SKTO is merging with AEGY. Together they will form a company with the financial and accounting standing to likely qualify for an uplisting in terms of exchange credentials.
That could take this stock from being a high flying penny stock to being a high flying stock.. Big difference.
Secondly, SKTO is expanding, with a recent announcement of an added distributor in the oldest and strongest cash market in the game: San Francisco, CA.
Both of these headlines are signs of a company headed in the right direction: Growth, expansion, uplisting.
The company has also been doing the media rounds and is just coming off a special appearance on the hit YouTube podcast, “Getting Doug with High.” The show which is hosted by Doug Benson features high profile guests and recently played host to and comedian Horatio Sanz (Saturday Night Live 1998-2006 and featured comedic actor and High Times Magazine`s “Stoner of the Year 2003).
Finally, the biggest reason we want to move back into this space is news out of the Federal government, and Eric Holder, attorney general, that the Obama administration supports reclassifying, re-scheduling, marijuana off the list of the most dangerous drugs.
That would represent a clear step closer toward full legalization in the US, which seems to us exactly where this is all headed.
That won’t happen tomorrow. But it hardly has to. Hedge funds will be gradually snapping these stocks up until that announcement comes along, and then gradually selling them back out to the late moving crowd.
Our suggestion: Move with the hedge fund traders, not the crowd.
About SKTO SKTO (SK3 Group Inc.) is now moving into heavy involvement in the medical marijuana industry, doing business as “Medical
Greens”.
SKTO provides licensing, management, and logistic services to medical cannabis collectives.
SKTO was
founded in 2000 and is based in Meritt Island, Florida. SK3 Group, Inc., is a subsidiary of Healthcare Of Today, Inc.
Top Investor Highlights • SKTO is in the extreme growth special sector, which implies a long-standing bull market that will be full of buying opportunities on weakness. This looks to be one of them.
• SKTO , along with other marijuana plays, should benefit dramatically as the Federal government lets slip yet another hint of the end game for cannabis – legalization. But re-scheduling the drug, the Feds are unlocking the door. It’s only a matter of time before they swing it wide open.
• SKTO – We believe hedge funds will be buying these stocks now hand over fist. SKTO , in particular, should receive a disproportionate place at the table if they get their uplisting as a result of the strong merger coming into place with AEGY.
SKTO and AEGY Sign Definitive Agreement to Merge LOS ANGELES, CA–(Marketwired – Apr 4, 2014) – Alternative Energy Partners, Inc. (OTCQB: AEGY) , doing business as PharmaJanes, and SK3 Group (OTC Pink: SKTO) (PINKSHEETS: SKTO) , doing business as Medical Greens, announce that their respective Boards of Directors have 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 (AMEX, NASDAQ) market listing.
Per the agreement, SKTO and AEGY will merge into a newly formed acquisition company which will integrate the separate operations of both companies. Shareholders of each constituent party to the merger will receive shares of the new holding company, which will succeed to the SEC reporting obligation of AEGY and which will apply for a new trading symbol, a new CUSIP number, and continued electronic trading status with the Depository Trust Company. The final exchange rate for the common shares of AEGY and SKTO will be based on the volume weighted average market value of each company on the effective date, which has not yet been determined.
The previously announced dividend of the shares of AEGY held by SKTO will be accounted for in the merger by treating those shares as held proportionately by the SKTO shareholders as of the effective date. Closing of the proposed merger will require the new holding company to register the shares to be issued in the merger to the shareholders of both AEGY and SKTO .
“We are excited that this merger is completed and we are looking forward to moving ahead in our newly merged form,” said SK3 Group President Artemus Mayor. “I am looking forward to working with the AEGY management to integrate both companies to deliver enhanced value to all of our shareholders.” “This merger will enhance our ability to deliver services to our customers across all of our lines of business,” said AEGY President Mario Barrera. “The combined entity will take advantage of scale economies and directly aligned business operations and strategy to take the combined business to the next level.” In Summary , SKTO offers a well-timed means to run with the hedge funds in the cannabis champions circle as the US Federal Gov’t gets more and more cozy with the idea of re-schedule the drug, marijuana, on an official federal level.
SKTO has huge advantages over the competition right now as it expands its own distribution, works in the admin space, and sets up for an exchange uplisting – all three very strong, very recent catalysts.
The stock also makes sense from a timing standpoint, technically.
So, keep this one front and center, and be ready to join the party when the bell rings tomorrow morning!
Best regards, Your Editor Value Stock Pick
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