SAS 0.00% 1.6¢ sky and space company ltd

Ann: Annual Report 2019, page-117

  1. 6,849 Posts.
    lightbulb Created with Sketch. 1440
    From past companies that have not faired well and went tits up.

    The biggest giveaways are outdated website that dont get updated.
    Managment paying theselves to much at the start when company is in R&D
    Businesses that will need to keep spending a fortune on R&D to remain competitive.
    Would hate to think what these guys would need to spend keeping this network secure once running.
    Looking at this as a newbie non holder , their is way to many moving parts and was never going to be enough money without a big Telco backing the project.
    The biggest problem with great ideas is teir 1 can smash a share price and make it impossible to raise funds to finish the project.
    If they had vodafone as a major shareholder then you know it would work.

 
watchlist Created with Sketch. Add SAS (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.