Ann: Quarterly Activities and Cashflow Report, page-86

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31/07/18

03:15

Post #: 34635476
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Originally posted by davmaf2 ↑

I am starting to have some doubts that this whole thing will turn around. The SP is basically on a slippery slope, and who knows where this will come to a rest. Lack of information and wild speculation definitely doesn't help the cause. I fear that SAS might end up failing to launch the first batch of 20 pearls, and because of that worry, I contacted SAS to ask when production of the first batch by GomSpace will commence, simply got told that such information will be provided via the ASX announcements, fair enough but that did nothing to allay my fears. I would have expected a rough timeframe, not the exact date. A bit of my confidence will return once a confirmed order is placed with Gomspace for the first batch. I will only top up once confirmation of first batch production is received. Another factor for me is that if the SP downwards spiral continues, that will certainly lead to massive dilution that will scare off potential takers should a CR be required to help with any launches. I am happy to be proven wrong!

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If SAS don't make the first 20 Sats in the space, all SH will loose their money. If 20 goes up then it is game on. If you are worried about it that much sell out your holdings at loss and come back when all 20 are in the space. Maybe stay on the sideline for the next 8 months? ETA for the launch is another 8 months away.

SAS Price at posting: 7.2¢ Sentiment: Hold Disclosure: Held
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