SKG skynetglobal limited

With SKG closing at 66c........Cornells get their $25000k worth...

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    With SKG closing at 66c........Cornells get their $25000k worth of shares at 66c less 6%

    Effectively now sets the share price at around 60c.

    And a greater share dilution as more and more share need to be issued to satisfy the Cornell debt.

    Its not looking good on a technical or fundamental basis.

    The Russian Deal is weighing heavily on shareholders and whilst this is not a very liquid stock and share price moves can be erratic....the trend is worrying.

    For those like Brad who paid 87c last week.....they are now down 25% on their investment.

    I said it before SKG have put all their eggs in this Russian deal......if they fail to deliver....it will be a bloodbath!
 
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