Ann: Response to ASX Query Letter, page-14

"The Directors anticipate SKN will receive an unqualified audit opinion in relation to its financial statements for the financial year end 30 June 2020.
With the markets response to the Company’s technology continuing to be positive, the Directors are confident that the increased working capital, with increased production and increased sales activities will validate the reliability of SKN’s cash flow models used to support the recoverable amount of the intangible assets. SKN notes that the audit qualification matter reflects the auditor not being able to obtain sufficient appropriate audit evidence in regard to the forecast future cashflows that SKN has used in its VIU model assessment of the Intangible assets recoverable amount, rather than stating that SKN has not complied with AASB 136.
SKN further notes that the Company’s market capitalisation is over $20 million, well in excess of the Company’s carrying value of intangibles."


Great answer Peter Malone!!
I think this partly answers why and how the share price was made to go up.
This is still not over by a long shot.
So today when the share price drops to 3c or below and the market cap of the company is where is should be at under $10m then the carrying value of intangibles, the market cap will no longer be WELL IN EXCESS