This company is seriously misleading the market now, they released the satellite presentation as an asx release and state the launch of the pearls is on track for 2019. At the present time they cannot do that, they do not have the money, maybe for two build and launch but I doubt it, they have not addressed funding so it’s immoral imho to state that everything is on track when there is a primary financing issue, the asx needs them to explain before a dilutive money raising burns the shareholders. If they have financing then by not disclosing they are in breach of the corporations act. These are facts that need transparency and honesty.
SAS Price at posting:
5.3¢ Sentiment: Sell Disclosure: Not Held
