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A Heisman trophy winner and Golden Spike candidate in college I was not. I was that fat kid in college who was good in math that all off you invited to your study groups so I could provide you with the solutions. After reading Body for Life, I transformed my physical self to match my real self... More
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  • The SK3 Group's Newest Scam: Build A Website, Slap The Word "Marijuana" On It, And Sell SKTO Stock 15 comments
    Mar 22, 2013 11:26 PM | about stocks: SKTO, MJNA, HEMP, TRTC, AGTK, PHOT, CBIS, GRNH

    The penny stock world is quite peculiar sometimes. Revenues are, for the most part, meaningless as compared to big board stocks where as what a company plans to do, despite having no cash to do it, is often times worth its weight in gold. Sometimes you don't even need to file updated financials as long as you have a good story to sell.

    If you really want to see your penny shares fly through the roof, just mention the word "marijuana" and its sure to catch fire.

    Such is the case for the caveat emptor designated penny stock of SK3 Group Inc. (OTC:SKTO).

    Nearly $3 million worth of SKTO stock traded on Friday after the Company announced that their recent acquisition, Medical Greens™, has booked over $30 Million in annual licensing, management and logistic services throughout California after only its first full week of operations under SK3 control. Since mentioning the name, Medical Greens™, on March 13, SKTO stock has gained over 1,047% and closed on Friday at a new 52 week high.

    Sounds incredible right? Almost as if there is some kind of OTC magic casting a spell on SKTO. Well, either you're as high as a kite to believe this, or your ballsy enough to walk up to a cop in California with a lit joint in your lips if you think this BS PR can keep flushing out new highs everyday.

    SKTO YTD Stock Chart:

    SKTO stock was trading at just $0.004 on March 13 with sporadic volume at best for much of the course of 2013. Suddenly, the scam ticker came to life again with a press release after announcing that a newly created website with ties to a UPS store in Pasadena, California, http://medicalgreens.com, is SK3 Group's new direction: Medical Marijuana.

    While many other penny stocks have seen ample opportunities to collect on the hype of marijuana legalization, even from prior to the November elections where Colorado and Washington State said "Yes", the Robert Hipple and Henry Jan scam promoted ticker, SKTO, which spammed their way to selling worthless shares of Healthcare of Today Group for years, decided to join the group of marijuana stocks:

    Top Marijuana Stocks

    • Medical Marijuana Inc. (MJNA)
    • Cannabis Science Inc. (CBIS)
    • Growlife Inc. (PHOT)
    • HEMP Inc. (HEMP)
    • MediSwipe Inc. (MWIP)
    • GreenGro Technologies, Inc. (GRNH)
    • Terra Tech Corp. (TRTC)

    What's more than peculiar, actually fraudulent, is that, after not doing any filings with OTCMarkets for more than 2 years, the PR announcements are signed by A. Mayor. Short for Artemus Mayor, Mayor is the Vice President of (non-existent) Sales for HealthCare of Today. Other insiders like Jason Fu., creator of all of Hipple and Jan connected websites in the past, is also directly linked to Medical Greens.

    The website for Medical Greens, incubated on February 25, 2013 (see here), was not even completed when the first news came out on March 13. After announcing on Friday that more than $30 million in contracts have been secured (see here) in the first month under control by SK3 Group, the website still offers nothing of detail to secure the roughly $10 million of SKTO stock which has been traded in the last 10 trading sessions.

    Pumped incessantly by well-known names on iHubwho have historically worked collectively with fraudulent CEO's to revive old ticker symbols, few have even gone out to check that the address used by Medical Greens company is a UPS mailbox located in Pasadena, CA. (see here)

    Regardless of the fact that Medical Greens is not a registered business entity, that their presence on the web never existed until a month ago, or that they are even a trademarked name as they claim, without filing updated financials or backing up their story strong enough to hold water, the SKTO scam has been extremely hot heading into the weekend.

    Although some of the iHub message board pumpers claim to have taken $500 and turned it into more than $40,000, chances are that, come next week, the early "April Fools" joke is released and share prices of SKTO stock come crashing down from its augmented reality.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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Comments (15)
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  • kodiak88
    , contributor
    Comments (12) | Send Message
     
    All these Seeking Alpha articles about marijuana stocks I read... come off sounding like whiny babies that are mad people made money off something that may or may not be a scam.
    24 Mar 2013, 10:06 AM Reply Like
  • PabloPicker
    , contributor
    Comments (23) | Send Message
     
    Author’s reply » Only someone who thinks its a scam would interpret the articles about marijuana stocks in that sense

     

    If and when it becomes legit, then these companies will obviously be at the forefront in the industry (assuming they are in fact legit companies to begin with)
    25 Mar 2013, 05:40 AM Reply Like
  • kodiak88
    , contributor
    Comments (12) | Send Message
     
    No it's because every article claims they are all scams but without definitive proof, just author's opinions.... denoted at the bottom... "I may take a short position in the next 24 hours." but please don't pay attention to this small text...
    25 Mar 2013, 08:51 PM Reply Like
  • PabloPicker
    , contributor
    Comments (23) | Send Message
     
    Author’s reply » The proof is clearly out there. 100%. What would you call this: http://bit.ly/16eTfwi

     

    Now take that and run with it to do the due diligence and it all checks out.

     

    Why do you think they are all on the pinks?
    26 Mar 2013, 08:20 AM Reply Like
  • debauche
    , contributor
    Comments (246) | Send Message
     
    Classic,
    Pablo calls this a scam after his blatant pump of ZERO.
    5 Jun 2013, 01:40 PM Reply Like
  • pennyup4luck
    , contributor
    Comment (1) | Send Message
     
    You should update your page here is SK3 Group Inc website thanks.

     

    http://bit.ly/XA0p8O
    24 Mar 2013, 02:57 PM Reply Like
  • PabloPicker
    , contributor
    Comments (23) | Send Message
     
    Author’s reply » Hooray - the finally got around to making the scam look real. It only took two weeks to build the website. Guess they wanted to see if the "marijuana" connection would catch fire like it did.

     

    Maybe now they can start updating their 3+ years old financials and actually register the trademark for Medical Greens.
    25 Mar 2013, 07:20 AM Reply Like
  • User 9540221
    , contributor
    Comment (1) | Send Message
     
    Why no mention about the New Board Members. Google these guys.
    That is why it is up.
    Kevin Allyn, Chairman
    Michael Choo, Director of Operations
    Roy Laughlin, Director of Media Relations
    George L. Jones, Advisor
    25 Mar 2013, 04:53 AM Reply Like
  • PabloPicker
    , contributor
    Comments (23) | Send Message
     
    Author’s reply » So basically you come here to pump the board members of a Company 3 years late on their financial filings - that'll make everyone feel so much better when the stock gets suspended by the SEC.
    25 Mar 2013, 07:57 AM Reply Like
  • chocolatecracker
    , contributor
    Comments (4) | Send Message
     
    $KTO, 100% LEGIT..
    Get over losing out nose picker.
    15 Apr 2013, 01:36 AM Reply Like
  • chocolatecracker
    , contributor
    Comments (4) | Send Message
     
    Btw, don't you post as I glow on I hub....lol
    15 Apr 2013, 01:46 AM Reply Like
  • chocolatecracker
    , contributor
    Comments (4) | Send Message
     
    Wow I am making BIG dollars on this so called scam. Thanks for bringing this stock to my attention. I did my own DD and found basically everything written by you factually WRONG. So I started buying in the .02s and 3s and I am up a truckload of money. I love money so are there any other stocks you are shorting. Your analysis on $KTO was so wrong I figure to go long on anything you spew your venom on.
    15 Apr 2013, 01:46 AM Reply Like
  • market_twain
    , contributor
    Comments (2) | Send Message
     
    I have a blog submitted about the Prop 215 and federal law conflict. Yesterday's PR about 40 acres raises many questions. You can't grow over 99 plants according to federal law. Are Allyn and Benz looking to become activists?
    15 Apr 2013, 02:00 AM Reply Like
  • brigar6
    , contributor
    Comments (23) | Send Message
     
    Good article, good research, seems though it isn't very popular with some, lol.
    All in all, if people want to be deceived, there is an over abundance of people willing to assist them parting with their $.
    The first mention when theDREAM TEAM was announced , one bio actually had " has M Wynn cell # and can call him when in town",
    27 May 2013, 09:33 AM Reply Like
  • Potlucky777
    , contributor
    Comment (1) | Send Message
     
    What do you think about SKTO now Pablo? This scam should have died shortly after you revealed their plan. Now they are ready to launch actual products. Wish I didn't dump 95% of my stock after reading up. I will do my own DD next time.....my bad.
    24 Jan, 02:05 AM Reply Like
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