I just got my account confirmed. Couldn’t wait to say something here
1: announcement on 03/04/2020. the product of SKN and HCT based on path-way named invisi-shield but didn’t do much sell
2: announcement on 29/05/2020. SKN have it’s own SE Formula to make its own hand sanitizer named: invisible-shield organics
and Successfully Tests Against Feline Coronavirus,
so SKN didn’t need HCT anymore
.3: announcement on 07/08/2020. SKN Skin Elements Enters into $2.4M Invisi Shield organics Distribution Agreement.Prudential Consultants has agreed to minimum total sales commitments of $2.4 million over three years.
So SKN does have the real hand sanitizer to sell.
4: announcement on 16/10/2020. HCT says Skin Elements has only fulfilled its weekly order and payment obligations until the end of May 2020. Sales by Holista to Skin Elements to date total AUD 111,159, or 18% of the agreed annualised purchase commitment of AUD 600,000. Skin Elements has defaulted since the month of June.
But on the announcement 03/04/2020 initial order of the Path-Away® ingredient under the Agreement is for a minimum of $600,000 in the first year. Payment terms will be 50% on order and 50% before shipment.
So what happened to the 50% before shipment? How can’t HCT not received 50%?
5: announcement on 16/10/2020. HCT wish to Terminates Term Sheet with Skin Elements
Guys. It’s wish to terminates. And it’s announced after SKN reply the query letter. Looks like when SKN announce on 15/10/2020 SKN didnt see this coming. the fact is. SKN didn’t need HCT anymorewe
need to see what SKN says.
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- Ann: HCT: Holista Terminates Term Sheet with Skin Elements
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