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dachopper

4,173 Posts.

5438

13/03/19

03:46

Post #: 37739937
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Originally posted by vigilante3: ↑

Oh really ? How do you know that ? Because they say so ? So you believe their announcements and claims?

How about this one : 19th March 2018 SAS ‘3 Diamonds’ Nano-Satellites Generate First Revenues ?

Some of the announcement highlights were :

•The ‘3 Diamonds’ nano-satellites have commenced generating first revenues from existingcustomers, a major commercial milestone for the Company.

• First revenues follow months of successful performance optimisation and recent designation ofthe 3 Diamonds as “fully operational”.

• Approximately A$1million of annualised revenue is expected to be generated from onlycurrent contracted customers to use bandwidth generated by the 3 Diamonds.

• Binding contracts with customers to utilise the 3 Diamonds narrowband communication datacapacity for internet of things (IOT), machine to machine (MTM) and asset tracking services, isexpected to ramp up during H2 2018.

True ? If not, can any of their announcements or claims be trusted ? Or do you prefer to overlook a few inconvenient untruths so that you can fool yourself into believing your investment is sound ?

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I seriously doubt they could have secured any contracts, without first demonstrating the working capabilities. Possibly the customers are not using them until there is better coverage... or they are not ready to use them from an IOT perspective on the customer side?

another good question to ask at the AGM.

SAS Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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