SAS 0.00% 1.6¢ sky and space company ltd

Ann: Trading Halt, page-199

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  1. 791 Posts.
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    I have posted warnings on here a few times over the journey about how the Directors ended up with a large % of the equity for seemingly minimal cost and the CR's have been a never ending stream of cash topups that go on 'development' and admin / salary costs etc.
    The payback cost on these is just getting higher and higher, you wonder how long it will take before it becomes viable.

    Personally, I'm getting quite impatient and remain suspicious about the continual cash-burn and need for cash despite assurances that it was going to last until the next (missed) milestone.   
 
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