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1.6¢ sky and space company ltd

SAS Chart, page-649

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OzJ

1,818 Posts.

425

09/01/19

06:29

Post #: 37063164
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Originally posted by dariusgear: ↑

Actually the one thing that worries me the most is the number of shares for such a small company. 1.85 Billion shares outstanding. Though more than half are held by directors. When you consider that the average volume is 4 Million we definitely need higher than average volume to move the dial for SP. 5c x 4 Million = $200,000 per day. I don't understand how there would be $200,000 worth of buyers everyday. Talking on this forum it seems many of us have as much as we want and are not topping up to sufficiently keep SP afloat. New buyers have to come in which means they have to be appeased to financial security as well as launch date. If news does not equal Financial backing then SP stays or dips. I dont want it to dip. A someone pointed out the insurance will be completed in Feb and no funding can be announced before that. At least we have a few lines in the sand now, we did not have that in 2018.

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I expect there will be a 2:3 or 1:2 reverse split as soon as SAS has a demonstrable revenue stream. I wouldn’t be surprised to see it used to push the share price over $1 at some point (assuming the company lives that long, etc, etc).

SAS Price at posting: 4.7¢ Sentiment: Hold Disclosure: Held
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