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Megadeth

960 Posts.

116

05/01/19

19:47

Post #: 37034451
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Originally posted by OzJ ↑

Originally posted by 4profit
Oh dear, we still owe GOMspace AUD$3.2m. We are on a payment plan now.

https://gomspace.com/news/gomspace-comments-on-non-payment-from-our-cus.aspx

4/1/2019GomSpace comments on non-payment from our customer Sky and Space GlobalStockholm, January 4, 2019. GomSpace Group AB (the “Company” is following up on information from the third quarter interim report. In the report, it was disclosed that a payment of T.SEK 20,592 from our customer Sky and Space Global was, as per agreement, expected to be received during the fourth quarter 2018. The payment is not contested by Sky and Space Global but is still outstanding due to their current cash flow situation. We have a constructive dialogue with Sky and Space Global regarding a new payment plan in order for them to be able to solve the situation and make the payment in full. We have already taken their cash flow situation into account and the situation does not have any impact on our long-term ambitions

Payment plan. Sounds like a partial payment now followed by a final payment later. So I expect we’ll have an SI/SPP raising about $7m. Assuming they only need to pay GOM about $1m now then they will have enough cash to last to about Sept at current pace (including the rough $4m they will have now).

A disappointment, I must say. The price will drop back to $.02. It’s probably a good idea to drop out now but I’m stupid, I guess.

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youre not the only one... but when I do sell the sp will double and whatever I put my left over carcus into will tank.
Meir deserves everyone to bail imo... you think a man would address what the cash got spent on after saying he had enough...
But na. NO SHAME... JUST SNEAKY. very sneaky

SAS Price at posting: 5.0¢ Sentiment: Hold Disclosure: Held
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