SAS 0.00% 1.6¢ sky and space company ltd

E mail from BeepTool, page-758

  1. 2,409 Posts.
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    For those that are wondering why some of us have question marks around the Beeptool contract then see the following article.

    http://allafrica.com/stories/201804040394.html

    "One of Enoh's current challenges is to raise the capital needed:" One major problem is the funding to deploy it in Nigeria and Africa. The pitch is based on US$4.9 million but this would be billed out in phases. There is a need to deploy the terminals first. There's also a need to invest in the cost of manufacturing the smartphones and the licence for the mobile money platform. We've created a Money Pool entry to raise US$1,000 for 4-5 terminals already.
    Once he's got the initial money, the challenge is to keep raising so that he can create a "critical mass" of users and roll out beyond Nigeria. Technology device strategies of this kind don't have a great track record but the combination of elements might just be a winning ticket: after all, it's not everyday that someone offers you a smartphone for US$1."

    Quite simply Beeptool does not have the money at the moment to honor that contract.

    Don't get me wrong, I really do hope they succeed. An I have a very strong suspicion that BeepTool is being managed/coached by SAS themselves. Hell look at the two companies slogans.

    SAS - Anyone, Anywhere, Anytime
    Beeptool - Everyone, Everywhere, Everytime

    Beeptool.PNG
 
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