SAS 0.00% 1.6¢ sky and space company ltd

Friday the THIRD ?, page-70

  1. 1,197 Posts.
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    Theydon'thaveanothercoupleweeks.Theyhaveuntil13Mayatthelatestorelsetherewillbea100%pullout.Iftheydon'tannouncetomorrowthentheydon'tgetthe90%retentiontheywerehopingfor,there'snoway.Theyonlyhaveenoughmoney,evenoperatingonthevapourstheyarenowrunningon,tolastuntiltheendofJune.Iftheydon'tretain90%oftheCRthentheyneedtodoanotherCRandthereisn'ttime.Orgetaloanwhichwon'thappen.

    Soitisdirectorstomorroworbust.I'mafraidthiswillnevercomeoutofVH.Bummer.I'mdisappointedbutthem'sthestakeswhenyougambleonthepennystocks.
    Just checked it says withdrawal up until 5pm 16th May and nothing about 100% pull out or anything about 13th May. A capital raise can happen very quickly, they might even be working on it now, who knows, otherwise there is alternative finance which may not be a bank loan. I think alternative finance is someone partnering or solely investing - not really sure. I am pretty sure no directors tomorrow though.
    I am sure they are working on finding a solution.
    If they lose 50% on withdrawal that is enough to keep them going until they raise the rest. I can not find anything that says if less than 90% that everyone must withdraw.
 
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