You interpretation of the interview is misleading. The CEO of GOMSPACE clearly corrects the reporter, less than 35 sec into the interview - telling the reporter his introduction is wrong , he also confirms they have received payment from SAS. You have 1 post on this forum, now increased to 4 and you keep posting on the same misleading subject - perhaps you are just a previous HC member who got quarantined by the HC moderators and now you are trying to start over again... Clearly, one has to ask what is your agenda?
On behalf of shareholders from both GomSPACE and SAS, please do some proper research before publishing white noise. In the video GOMSPACE CEO, states it is about priority of projects and he also explains the reasons for why SAS is introducing additional project(s) with them - which is inline with previous SAS announcements.
Further, you also got ownership of the nano-satellites completely wrong - yes, of course if any partner of GomSpace goes belly up and they don't pay for the satellites GomSpace has built, then they will obviously be first in line as a creditor should things go wrong. The NRE is a standard IP jargon and as correctly stated by another HC member, check the financial reports from SAS, the satellites appear on the financials as assets.
GomSpace CEO stated his company is currently waiting for SAS to finalise the last part of the funding, this also goes for GOMSpace other customers, not just SAS. This should be seen in relation to GomSpace recent SP and what the reporter is really interested in, namely to find out why GomSpace SP is down 70%, has no profit, high development costs, little revenue, etc etc - the CEO also highlights the risks associated with working in a disruptive industry, as he always has done during other press releases during the past many years. Nothing new here.
The key point here is shareholders in both camps are backing both operations, in my view, the real concern is if GomSpace should go out of business, then things will be difficult for both parties, but as the CEO from Denmark states they will stay in business due to recent CR. There are always risks associated with share trading and supporting new startups, be it SAS, GomSPACE or any other company out there.
Tell us something we don't know and please make sure you represent your information right.
As we say in Danish - helt ærligt, hvad har du gang i?
DYOR
SAS Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
