So long as you are happy with the execs owning over 50% of the...

First 68 Last

Share
Profile

Follow
Lindso47

791 Posts.

1

28/08/17

14:12

Post #: 26807178
Share

Originally posted by dawatz ↑

I understand your sentiment but isn't this still a spec stock? You are basing the future financial feasibility of the business on the revenue they will gain from their current Proof of Concept: the Three Diamonds.

The idea of maintaining a sustainable business with only 3 satellites isn't what their business model is about. It's a bigger constellation which will bring more revenue. Of course there is a need for additional finance in whatever form it needs to take to build the remainder of the satellites. If you read between the lines there are relationships that may further develop between SAS and GomSpace to build the satellites (they built the first three and helped test them); and also prospects for developing relationships with Virgin Galactic (a possible method for launch). So CR or whatever you call it will happen - that's what the festival circuit is about surely? To help drum up interest?

I share your concern about the shares given to the execs, but take into account the core team members (not necessarily the finance managers / legals) have personally put a decade+ years into this project, and it wouldn't exist without them. So I don't feel too bad given the only thing I have really contributed is money and possibly too much time on forums. Financially I've already multiplied it due to their great work. If they're making some coin from it too, and quite a bit, it's not enough to make me freak out and duck and cover. It's a patience game as it shifts to making revenue while the company continue to build the constellation. Congrats to the team for an awesome job.

All best
D

Expand

So long as you are happy with the execs owning over 50% of the shares, with minimal cash contribution (as far as I have read).

SAS Price at posting: 19.5¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

SI6

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

LRD

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Bitcoin jumps 8% to beat record on Trump vote optimism

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

MKT

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

There are more pages in this discussion • 12 more messages in this thread...

First 68 Last

Add SAS (ASX) to my watchlist

So long as you are happy with the execs owning over 50% of the...

Top Stories

Nanocap Si6 Metals to kick off drilling at Monument gold project WA, chasing past hits

Lord picks up high-grade copper play in Western Australia, with past intercepts of up to 6.62%

Bitcoin jumps 8% to beat record on Trump vote optimism

Palladium's the newest geopolitical hot commodity. But ASX exposure is limited

The ASX can overlook its Telecomm small-caps. Here’s one diversified brand with an international footprint

Featured News