lol.......for you to say this is a good announcement is seriously misleading.
How about focusing on the balanced argument.....
1. SAS will never make revenue relevant to their original business plan
2. Capital Raising: For the shear purpose of keeping the directors in their lifestyle they've become accustomed to.
3. Doesn't really mean anything to own shares in this company anymore because there isn't anything of substance worth owning - Nothing much else to say
Why would shareholders hand over anymore money? I know I for one would prefer my money to stay in my bank account than hand it over to someone else's bank account......coz thats effectively all that is happening here.
Ann: Financing Update $10.8m Entitlement Issue and $5m Placement, page-100
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