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1.6¢ sky and space company ltd

Ann: Half Year Report and Accounts, page-27

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coefficient

2,409 Posts.

364

13/02/18

12:01

Post #: 31017262
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Originally posted by Mitchum ↑

If you read the announcement it will tell you this,

If they do not raise money, call in the receivers.

I they do not raise the money to cover the Pearls and launch costs, there is no business.

From my point of view it will be a tall order to make money as the segment is already covered by existing satellite operations. Read the webpage of the Universal Cyberlinks satellite antenna and service provider.

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Originally posted by aniesbaswedan ↑

Well from the financial statement then it is save to conclude with absolute certainty that all of the agreements and contracts that SAS have made amounted to nothing other than speculative projections. Thus SAS has proven to have absolutely no capability to generate revenue at present.

Now it is just a ticking time bomb waiting for fundings.

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And your opinion is that they will not be able to CR?
They were able to CR before they proved they could send satellites, before they signed contracts....but you are saying that no-one will touch them now because........?

SAS Price at posting: 16.0¢ Sentiment: Hold Disclosure: Held
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