Ann: Response to ASX Price Query Letter, page-26

First 26 Last

Share
Profile

Follow
Quantum mind

41 Posts.

31

12/09/18

19:56

Post #: 35559506
Share

Originally posted by ape_of_god ↑

I wrote SAS prompting for a comment regarding when/if SAS intends to address funding and the plummeting SP. The response was as follows:

First of all, I thank you for being SAS shareholder and supporter, and apologize for the delay in response.
I and the founders/exec team are at World Space Business Week (WSBW) 2018 in Paris and it is a key global sat industry event. There could be a number of very positive commercial and financial relationships that come out of it, and we are aiming for that.

We remain fully on track for the launch of the first Pearl’s in mid 2019- no change to this. I was just in Australia the past week, providing updates on last year activities, achievements we had and the Pearls schedule which is progressing as expected.

We do understand and appreciate the market nervousness and concern to all risk capital right now, and the situation re SAS funding. We are working on this and believe to be closing some major commercial contracts as we have been over the past few weeks.

The company is in very good shape, and if there wasn’t the funding query I believe the market sentiment was different.
We are fully aware of this and working on it as priority 1.

Hope that helps.
Meir Moalem

Expand

Received the same after I contacted them,very happy with the response.

SAS Price at posting: 4.8¢ Sentiment: Hold Disclosure: Held
1 Upvote

0 Great analysis

Reply

Top Stories

Dale Gillham's weekly wrap: US fracking support boosts outlook for Australian gas stocks

NAM

Olam Agri raises Namoi takeover offer to 75 cents a share and receives shareholder backing

ASN

Utah authorities sign off on Anson's lithium extraction plans at Green River

VUL

Vulcan appoints investment bank and M&A veteran to board

Week 37 Wrap: HotCopper likes Cuban oil; markets shrug debate off for Putin; firebrand quant says social media a market threat