Spot on Conrad,
I think what punters are missing is 100 million shares are about to go live, and these guys paid 1c for them on that basis where do you think the share price is headed?
Irrespective if there is a demand for sanitiser to fight Chinese Virus these guys are weeks or months away from manufacturing in volume let alone selling and creating any decent revenue IMO.
Given their past performance, IMO, they will soak the $1m in fees and "R&D" costs to related parties and these punters will be in a world of pain.
On top of that, these 100 million shares will more than soak this artificial demand based on hype IMO.
DYOR
SKN NEW PRODUCT LAUNCH INVISI SHIELD COVID-19, page-220
-
- There are more pages in this discussion • 160 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add SKN (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.357M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 1578354 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 1366644 | 5 |
View Market Depth
| Last trade - 14.57pm 07/10/2024 (20 minute delay) ? |
| SKN (ASX) Chart |
Day chart unavailable