So, with the price now at 0.6 cents - what does it mean for this mob? To raise around $500k from LDA Capital, they need to dilute the share base by another ~15% with an extra 88 million shares to max out their holdings. I doubt that they will be able to pry anything further from LDA though. This is a massive difference from the $20 million facility that they are keep spruiking.
The Supr Cover order of $1.1 million announced in March 2022 has amounted to nothing as there hasn't been a noticeable lift in sales at all.
No other product can be selling anything more than a few internet orders - surely?
The research grants surely have to dry up.
They only have enough cash for a few months at the most of operating.
Good luck if you hold, but I'd be taking my losses if you can actually get anyone to buy them.
SKN Price at posting:
0.6¢ Sentiment: Sell Disclosure: Not Held
