SKN 0.00% 0.4¢ skin elements limited

I can almost say with certainty that they are not in production,...

  1. 2,702 Posts.
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    I can almost say with certainty that they are not in production, that's because they have no orders. This company would announce the purchase of empty bottles as market sensitive, let alone commencement of production and/or a firm order for their product.

    The only thing in production is the bs. I also find it very curious that the revenue was $70k or thereabouts for several quarters, except for this previous quarter where it dropped even lower.

    Wake up and smell the roses, the sale of covid related products is declining fast, just look at the market cap for ZNO now and they have multiple contracts.

    Even if there are sales, SKN will still be deep in red and will never get to the scale required to breakeven let alone turn a profit. It is not being run with the intention and urgency of a business that's trying to capitalise on an opportunity, rather it's been run as a way for directors to get paid every quarter and they don't care how long it takes.

    For the record, I don't hold and never have. I'm a buyer at 0
 
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