Look at the warning on the response to the ASX query letter in relation to not having a material effect on the price or value of SKN securities.
Seems like a lot of gamblers here have a better understanding than the directors of the company.
1. Does SKN consider the development and/or the launch of its Invisi Shield skin medical range
(“Invisi Range”) as referred to in the Announcement to be information that a reasonable person
would expect to have a material effect on the price or value of its securities?
No.
2. If the answer to question 1 is “no” with respect to the development and/or the launch of the Invisi
Range, please advise the basis for that view.
The front cover page of the Announcement provided a business update in conjunction with the
Half Year Report and Accounts.
The basis for the view that the Invisi Shield products being launched would not be expected to
have a material effect on the price or value of SKN securities was formed on the basis that the
market characteristics for this product range:
a) is highly competitive,
b) has low barriers to entry, and
c) the Company is yet to secure sales contracts.
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5 | 3835100 | 0.002 |
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Price($) | Vol. | No. |
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0.004 | 468000 | 1 |
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Last trade - 15.58pm 29/03/2024 (20 minute delay) ? |
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