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Forum - Wall Street Pit (SKYLINE MEDICAL INC - SKLN)    Stock Due Diligence for All

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From: mikebeaton (Rep: 3)Date: 09/04/2016 00:56
Forum: Wall Street Pit - Msg #2634955 - List SKLN msgs Thread #673866899 (Rec: 0)
Oh yeah a lot of money indeed, even though it is only .187 right now you take into account what the 250M+ volume in the last week. Your still looking at almost $50M approximately.

The thing that has people scared is doubling the outstanding shares from 100M to 200M and then reverse splitting. However with the potential of getting government contracts that could be worth upwards of 550M I think SKLN is a good long term investment. Might be a bit shaky in the next couple of weeks but who knows.

Going back on the price chart this thing has had an extremely volatile history.

This could be another huge spike like 2 years ago. The only thing is with the dilution and RS I don't see it happening immediately. Once that is past though and more news comes out about the JV with EOR. I see SKLN hitting $5 within a years time $10 - $15 within 2. My goal right now is to ride it out until we get close to the dilution.

Then I will sell off my existing stake. Wait for the dilution and price drop that will result in shareholder sell off. Buy in as cheap as possible and then hold on for dear life :).

I think after September 14th if the vote does pass and everything goes into affect that will be its darkest hour. After that hopefully some news will come out about EOR's JV. Hopefully something with an accepted gov contract that is worth 10-20 even 50M. Then you will see SKLN shoot up fast.

If you look at the 5Y price chart:

05/05/2012 $3.75
05/25/2012 $7.12 89.86%
06/08/2012 $4.05
08/03/2012 $9 122.22%
09/21/2012 $4.875
11/02/2012 $10.50 115.38%
03/01/2013 $4.65
04/26/2013 $15.75 238.7%
07/12/2013 $9.938
09/13/2013 $29.175 193.57%

After that it continues to spike and dip widlly but overall on a downtrend. This stock has definitely made a lot of money for some and unfortunately probably lost a lot of money for others.

I am hoping after the dilution it will go back to its climb in 2012 and 2013. From 03/01 to 09/13 2013 it 527.41% in 6 months. Thats almost 100% a month.

We will see how it goes though. I will keep looking its potential over the weekend. If anyone else has any other stocks that they think are good, please let us know :)

Michael Beaton

Forum handles:

Investorguru, investor10122, mikebeaton

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