SAS 0.00% 1.6¢ sky and space company ltd

Ann: Supplementary Prospectus, page-185

  1. OzJ
    1,818 Posts.
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    Date of this announcement: Tuesday, 16/4/19
    Withdrawal applications made: Thursday, 16/5/19
    Date that whatever remains is quoted: Thursday, 21/5/19 (I expect we'll see how much money was raised with this announcement)
    Date that money is returned: Tuesday, 28/5/19

    Date that SAS will run out of cash if 100% withdrawal: Friday, 14/6/19

    So we have six weeks to go until the doors are closed. A return to trading could happen any time after directors are appointed. No later than 21/5 you would expect. If no directors are announced before 16/5 (say Monday 13/5 since the forms must be mailed in and you wouldn't do the registered post later than Tuesday, 14/5) then it will be complete withdrawal no? You're just throwing money away at that point.

    Working from that, we've got 9 business days to go for SAS. Wound up just in time for the end of year clearance sale with luck otherwise if VA takes longer than immediately we'll have next year to realise whatever losses have been incurred.
 
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Currently unlisted public company.

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