News & Media, page-1227

I was giving thought to the overdue invoice and considered it was likely a smart play by SAS. Think of it this way, funding is a critical issue for now. They had the funds to pay the invoice. Had SAS paid that invoice it would have been reflected in the last quarter and they would have had significantly less $ in the bank. This would have been a significant red flag for many and likely tanked the share price on release of the quarterly and putting them in more of a desperate position.

The play is to let the invoice go unpaid, slow production time and give them more time to raise the funds without having to do a CR unless it's urgent. The only fall in their plan maybe was the GS mentioned it in their quarterly or maybe it was the plan all along, i.e. a softer release of news. Why pay for production now when they can use what they currently have to generate more funds and pay the invoice when they have more $ thus giving the new director more time to raise funds, put out a few more announcements to try and get some fuel in the share price. The last resort is the CR.

I think there have been a couple of foot in the mouth comments that they now regret saying i.e. funding for the first 20. Maybe it would have been smarter to raise more when the share price was higher if they could have done then.

My thoughts on the issue. DYOR