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Ann: Quarterly Activities and Cashflow Report, page-121

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coefficient

2,409 Posts.

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01/08/18

08:47

Post #: 34661390
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Originally posted by Hunterr ↑

Thanks for your concern
But I'll be right mate I disagree on what you said about buying in at these levels are crazy. (It's at a bargain price )
I understand everyone wants as cheep as possible but what your saying is people getting in till they have all the money to get evreything up there.
Well they are only getting money as they need it they are not asking for full amount at once this has been mentioned on numerous occasions in the past.
And they only pay for the pearls once the batch is completed and delivered in this case 20 pearls.
Then they build another batch and the process repeats itself .(every quarter)
Now if someone wants to wait for them to get the full amount of money to get them up there as you said then they will be paying 20x the SP what we are now because the pearls won't be fully up till 20/20.
Now I have mentioned befor ,
They will be targeting institution investors unless a partner/investor steps in.
They do not ,will not ,can not ,get it from normal investors (that's us)
I'll eat my words if they do try but was told otherwise by a credible friend so don't shoot the messenger.
What I think will happen and what makes sense to me and this is just my thoughts "now "is.
The managers are holding on to there escrow shares now they might choose to sell $40 mill worth of there escrow share to an institution investor for what ever price were at, at the time NO DISCOUNT PRICES AND NO DILUTION
the managers will have 40 mill cash less shares and the institution will get them so just changing hands.
Then SAS can launch another 40 pearls up including this batch of 20 and I think thoes 60 pearls SAS can be self funded from there.
That's what I think might happe.

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So just to clarify (not arguing), you think management will sell $40 million (as per your example) of their personal shares to an institutional investor and then take that $40 million and inject it into the company to by some new nano-sats?

SAS Price at posting: 7.2¢ Sentiment: Hold Disclosure: Held
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Ann: Quarterly Activities and Cashflow Report, page-121

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