FYI they are at risk of being delisted. They have a vote on the 15th to approve an authorized share increase and a reverse split to bring the price back above $1.00 but it is dilutive (obviously) and after I listened to the CC on 9/8 it sounded pretty damn grim. There was a guy on the call who asked them if they had any sales of their main product and their answer was effectively "not really...we sold one or two" and the guy's response was basically "I can't support a reverse split without any sales."
I have a feeling the general market will feel the same and it's a 50/50 shot whether it passes the vote. Anyway reason I'm posting is that it wouldn't surprise me to see the co halt the stock ahead of the vote and if it doesn't pass they may just never reopen it so you'll be stuck until it opens up on OTC which could tie up your money for a long time and it's a real pain in the arse.
I have no position, don't really care what happens to the co, I just know it's been a hot trading stock lately so wanted to share a little DD and hopefully save some people some money! If the vote does pass, I suspect SKLN will be a rocket but I'm personally waiting til after the 15th to mess with it again. There will be plenty of chances to BTFD along the way if the vote passes!
Have fun and godspeed!
Submitted September 10, 2016 at 01:09AM by ghostofgbt http://ift.tt/2ciZhV3
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