https://www.wise-owl.com/news/skin-elements-ipo-a-niche-player-in-organic-skin-care-goes-public
4 years ago they were starting to commercialize a product that was in a sector producing strong growth yet they couldn’t get a business plan together that would generate anything material. To me the current market will just present an opportunity for major shareholders to exit the business with many announcements that eventually won’t lead to $$$$ and retail investors will be left carrying the bag.
If they didn’t have any success in the last 4 years in a market that was growing for their products what makes you think anything will change now in a market that has even more players in their field.
Ann: Trading Halt, page-89
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