Tuesday, June 09, 2009

China Sky One Medical Controversial 10K

China Sky One Medical, Inc. (NASDAQ: CSKI) filed its 10-K stating , the Sumei Slim Patch, a weight loss patch is "believed to foster weight loss and prevent weight gain." The Sumei Slim Patch makes up 22% of China Sky's total sales in 2008, according to the company's Q4 earnings conference call.

FTC says "Products worn or rubbed on the skin do not cause weight loss.” What's Behind China Sky's Weight-Loss Patch revenue and gross margin claims. The company has been censured by the FTC in the past. Thanks to www.asensio.com for shining the light on this one.