SK3 Group, Inc. (PINK:SKTO) Thrives After Stock Analyzer Email
In two short weeks, SK3 Group, Inc. (PINK:SKTO) managed to rock the boat, bring huge percentage gains to some investors and anger the OTC markets, receiving a skull and bones warning. In the last few days, the company made a splash into the medical marijuana industry, hoping to make it its sole profitable business for 2013. 
While SKTO may have a few new tricks up its sleeve, at 6 cents and on the peak of a climbing trend, the ticker is unstable. It is no more than a month since SKTO emerged from triple-zero levels and extremely low day trading volumes. March 11th was key for the stock, as a paid promotional email triggered record buying and lifted the price from $0.0013 to its current levels. 
The company’s previous engagement with the alternative health industry yielded the following financial results:
- $191 current assets
- $230, 960 total liabilities
- $344,808 net loss
It is expected that medical marijuana could bring in nearly $30 million from contracts only in 2013, although we may not know that any time soon, given the company’s sketchy history of financial filings.
But waiting for earnings may be outside the time horizon of this underpriced and potentially volatile ticker, as the trend may buck at any minute if investors decide to shed their holdings.
Usually, single- email pumps such as that of Stock Analyzer tend to fizzle out quickly, but SKTO is holding on. Yet it is a matter of time before it joins the fate of lesser medical marijuana companies, which join the industry with high hopes and little resources. While the bubble in this sector has been inflating for a few months, there are also corrections of nearly 50%, such as that of GreenGro Technologies, Inc. (OTC:GRNH), showing an ebb and flow of investors’ enthusiasm.
In case of penny stocks that come out of obscurity, it is best to do your own due diligence and not fall for previous results, since SKTO may lose the drive at any moment. The ticker was promoted back in 2011, when the company tried its luck with another piece of the medical business, organizing temporary staffing. The promotion managed to lift the stock to a cent, but in the following months it slid away to a faction of that price. Needless to say, the previous business expectations of SKTO did not materialize and it resorted to paid promotion to secure the current record volumes and prices.
