Ann: HCT: Holista Terminates Term Sheet with Skin Elements, page-23

Scandalous and possibly even criminal. The announcement made it sound as if the HCT agreement was in perfect order when SKN knew that they hadn't met their obligations for 5 months. I actually thought the SP held up better than I had expected today, but that won't be the case on Monday. $1.4m worth of SKN shares were bought today. Give yourself a pat on the back if you were one of the sellers, but you'd be absolutely filthy if you were one of the buyers. In the US directors get jailed for this type of behaviour, but in Australia the most that usually happens is that they might get slapped on the wrist with a feather.