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1.6¢ sky and space company ltd

If you think that this is the only way they will make money then...

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ape_of_god

561 Posts.

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14/06/18

12:28

Post #: 33707227
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Originally posted by Mitchum ↑

What you are saying is obtain funding for $200,000,000 on commercial terms and with a high risk venture the interest will be above 10% so best case is SAS have to come up with at least $20,000,000 in the first year and every year until the debt is paid out. Running this company consumes a staggering amount of money and this is only going to increase.

The only way this will make money is if it goes bankrupt, the debt is sold for cents in the dollar and purchased by a Vulture on the sidelines.

Imho...

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If you think that this is the only way they will make money then why are you a holder? No criticism there, it's just that your opinion contrasts your holdings.

Given there are vultures circuling on the sidelines, it gives myself confidents the business plan is viable.

SAS Price at posting: 8.6¢ Sentiment: Buy Disclosure: Held
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