SKG are losing money..........and more in the last quarter over previous quarters.
Sales in the last quarter were less then the previous quarter.
It is now carrying a $850000 loan at 12% interest....which bears the additional burden of being repaid by shares every two weeks at a discount of 6% to the five day average weighted price.
And its share price has halved since announcing the "Russian Deal".
And SKG are issuing more shares through private placements and repayment of the loan.
Unless they secure this "Russian Deal"
The current situation will continue....
Hence the red flags all over SKG.
IMHO of course.
SKG Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
