What a bloody joke of a company, if I read it right, New shareholders can get on board on Friday and get a chance of the 3c plus the options, when they get their shares they dump them at say the 3c money back then have the free options and at 5c strike over three years a no brainer, but we as long standing sufferers get screwed over, I bought in three times on the way up with the highest being 21c plus twice on the way down with the lowest at 10c I will not be bothering with the issue because even at the 3c and the max $15,000 I would not change my average much, my 15 grand better off somewhere else. Still have great faith in the company going forward but the BOD are a concern, as for them subscribing so much .....who the hell wouldn’t, hell 40% discount and free options. They did it so cheap for themselves and their mates, why not offer more to shareholders instead, then if not taken up buy theirs? By my reckoning to get to a PE of around 25 they would need all 200 sats up and multiplied revenue similar to what they are saying about the 16 this year. I originally thought around a dollar per share in three years, now they would be lucky to see 10c, however a massive cap dill will be on the cards way before then. rant over, move on to another dog stock to rant over like SRO, all the RTO companies are ending up the same way these days with very few seeing the light of day and the shareholders continually screwed over to keep their lifestyle companies going.
SAS Price at posting:
5.4¢ Sentiment: Hold Disclosure: Held