SKN 0.00% 0.4¢ skin elements limited

Look at the warning on the response to the ASX query letter in...

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    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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