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Ann: Quarterly Activities and Cashflow Report, page-93

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ape_of_god

561 Posts.

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02/02/19

21:08

Post #: 37311277
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Originally posted by twelthman ↑

Originally posted by ape_of_god
I hold the same train of thought as you. Raising funds through us plebs on the market takes a while and it's quite late down the line. Brett is also gone, a name that in my opinion has always been associated with CRs. You'd think the share price wouldn't maintain its position for a company that's supposedly about to go bust as openly reflected by the last annual report. Whatever is about to happen in the coming days/weeks, it will involve a little more than chump change to keep the lights on. Either an institutional investor and Meir will land a great deal of shares or an unexpected name will drop off a significant payload. I received a message from Meir last year commenting that they're well aware of the funding issue and it's their top priority. Watch this space.
Also keep in mind in orbit asset insurance and third party liability due to be completed any day now (was announced due for completion February). I do not expect funding news to be announced prior to this. Simultaneously perhaps, or soon after.

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I never imagined funding to be dependent on insurance. It wouldn't be hard to type up a contract for a potential investor stipulating funds can only be spent given asset insurance is taken care of at some stage in the game. Given all the negatives, it still seems like a promising bet at times but this is still a spec stock. The odds are against us in that regard.

SAS Price at posting: 5.4¢ Sentiment: Sell Disclosure: Held
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Ann: Quarterly Activities and Cashflow Report, page-93

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