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
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.357M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.4¢ | 0.4¢ | $1.428K | 357.0K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1048414 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 661008 | 3 |
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| Last trade - 14.31pm 08/11/2024 (20 minute delay) ? |
| SKN (ASX) Chart |