Ann: Chairman's Address to Shareholders, page-3

It cost them $1 million last quarter to make $100k worth of revenue.

They were supposed to delete this "research" report from their website but its still there for all to see how badly they called this one.

http://skinelementslimited.com/pdf/20171016-SKN_Resch-Update-RPT_Final_v_6.4.pdf

Projected revenue for FY2018 was $5 million.  The company confirmed that this was also exactly the same as their own internal forecasts but couldn't explain how they both arrived at the same figure.  They later changed this to Calander Year 2018.



Receipts for FY2018 were $844,000
Receipts for CY2018 so far are $598,000

What are clients of Gloucester and Portman are thinking.  Their participation in the cap raise at 2.5c was sweetened by a bunch of worthless options which there was never any buyers for.