SAS 0.00% 1.6¢ sky and space company ltd

Ann: MoU Agreement signed with Blue Power Group, page-74

  1. 6,681 Posts.
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    Last CR was done at 25 percent discount so let us assume that the next CR is going to also be done at 25 percent discount. At current SP, 25 percent discount is .75*.058 = .0435.

    By my calculation SAS would need around 71-80+ million in 2019,

    https://hotcopper.com.au/threads/an...4561781/page-25?post_id=36729655#.XAd7CB4_UwA

    So to get 71-80+ million at .0435 per share then SAS presumably, at some point in 2019, would need to add around 1.75 billion new shares minus around 480 million they already have, so around 1.27 billion. Either way by the end of 2019 there should be around 1.75 billion + 1.8 billion = 3.55 billion shares in circulation.

    Assuming that the market cap remains the same, as I expected it should at around 110 million....
    then the SP would go down to around .03 per share.

    That is actually one of the best scenario that could possibly happen. SAS getting 71-80 million in funding...which I thnk is extremely unlikely.

    Instead of funding I expect SAS to fail to get more than 10 million this time. Postpone the inevitable for another 5 months or so and then go bankrupt. Dilution done after incremental CR is significantly worse than if done all at once because of the compounding discounts that result.

    All in my opinion and understanding, do your own research.
    Last edited by aniesbaswedan: 08/12/18
 
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