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SAS

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Ann: Quarterly Activities and Cashflow Report, page-56

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topbos

212 Posts.

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01/02/19

12:21

Post #: 37298326
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Originally posted by OzJ: ↑

SAS is a confidence rollercoaster, no doubt, but I've only been surprised once. And that was due to my own naivety. I don't think management keep things under wraps, I think they spin. This is not unique to SAS. My job (protecting my money) is cutting through the spin and deciding what decisions I need to make. This is the burden of anyone buying penny stocks.

Take for example, the current state of the cash balance. The run time for SAS is within a couple weeks of what I've thought it would be (and posted here) back in Nov. The quarterly statement offers no surprise.

Consider the 3D revenue. It's immaterial. $500k. It would only keep the lights on for two weeks. It only serves as a tool to show investors the viability of the market. When SAS decide not to charge then it's because the viability has been proven some other way. Likely the binding price terms that are in the 29 MOU's, all of which have (as we have been told) tech viability get out clauses. So the real issue from the investor point of view seems to be "will the tech be good enough to close those MOU's?" And, hence, the 3D changing strategic mission to tech demonstration platform rather than revenue platform. It's not a surprise and it certainly isn't some sort of shenanigans on management's part; it's the investor playing field changing and them responding.

So, my confidence in SAS, per se, has greatly increased as I have accurately predicted their cash flow cycles for the last 18 months. Really, it's confidence in myself that's increasing. Am I a little frustrated that I bought higher than .05? Sure, but that's my issue, not management's. I believe SAS will become a mega company. I think I won't have to worry too much about my investment. If they make it through this year and get those Pearls up then I'll do just fine from SAS. If not, then I lose it all. But that's true regardless of the price I bought in at or the price it is today. This is a binary bet. The current share price is no reflection, at all, on the company's performance. It's the odds on a binary bet. The odds are long. Again, not surprised.

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Commercial demonstrations make sense to me. Reckon that the major MOU's are using all the bandwidth currently to workout their process and ensure they can commercialise their products as soon as the pearls are launched and ready. Means quicker binding agreements and revenue for us.

Imo

SAS Price at posting: 5.4¢ Sentiment: Buy Disclosure: Held
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