Well that explains why the underwriting agreement. Management still has doubts that the share price will be over 10c in December 2020. They may write up the announcements to sound all positive but deep down they know how tough it will be to sell the product regardless of the huge demand for hand sanitizers in general.
SNK will face similar hurdles many iron ore companies did post 2011 and many lithium companies did post 2018.
Most punters here don't seem to think that running a business is as easy as just reading an announcement.
Spoken to company, page-8
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $2.357M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 9 | 6323667 | 0.3¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.4¢ | 1411538 | 3 |
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| Last trade - 10.08am 29/07/2024 (20 minute delay) ? |
| SKN (ASX) Chart |
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