Great news mate! Let's also see what happens on todays Space to...

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Harcee

475 Posts.

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14/01/20

13:05

Post #: 42369791
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Originally posted by 4profit: ↑

Just dialed in to the AGM:

No first strike on the remuneration report. 83% voted For.
Meir believes that Merchant can place the entire shortfall completely (great news if true). Anticipate to be finalised around end of Jan. Process slowed down by Xmas.
Will have first batch in space in 12 months from the end of the CR without any additional funding.
Their goal is still to be a world leader in narrow band comms.
Still believe SAS will be a Unicorn, a $1billion company.
Still ahead of the game compared to competitors.
Have assets apart from the satellites that competitors do not have, such as licences, frequencies and spectrums.
I asked Meir about the $2.3m that GOMspace says in their Q3 fin report that they are owed and are now counting it as a bad debt. Meir said "if I want to know about the GOMspace report, ask GOMspace. As far as SAS is concerned that is not a debt that we acknowledge". (paraphrased by me a bit).
Asked if that debt that GOMspace thinks they are owed is likely to impact on the satellite build. Was to to go and ask GOMspace. Not an SAS problem.
GOMspace contingency not a show-stopper and SAS does not see it as an issue.
All in all, I am feeling a little more hopeful that all is not lost yet.

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Great news mate! Let's also see what happens on todays Space to Connect 2020 in London hosted by UK Space Agency and European Space Agency (ESA). Maybe we'll get an update about a possible grant and additional partnership. SAS can provide some satellite services to government for the first batch so if they can get a contract. Sophs knows if they take all the shortfall, batch 1 launch will be confirmed and they get all the benefit on the next R&D rebate and tax benefits this year. Also looking forward to the launch of the SAS Advanced hardware Plug and Play devices and software (including IOS/android).
SAS Price at posting: 1.6¢ Sentiment: Buy Disclosure: Held
8 Upvote

0 Great analysis

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