Ann: Virgin Orbit set to take stake in SAS, page-134

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02/11/20

13:06

Post #: 48582385
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Originally posted by Daytraitor: ↑

Haven't read all the posts so dunno where this is up to. But honestly, for existing shareholders I doubt this is going to end any different to the current position.

I see that there's approximately 2.5 billion shares on issue a the moment. @ 20 cents a share that would equate to a MC of 500 mil.

Current MC is roughly 40 mil on 1.6 cents per share.

That's a big gap to fill and no doubt will need to be done via consolidation on those figures of a ten to one ratio.

We're probably looking at 250,000,000 million shares on issue around that time, so basically take the shares you currently hold and divide by ten, then multiply that by 20 cents. it's slightly better than current circumstances (20%). Still along way to go to break even. That's not to say that it's not possible but we'd be likely waiting for several years to see this share move anywhere in a significant positive direction simply to break even.

In other words, while I enjoy following SAS for entertainment purposes and do like to dream that I'll get my money back someday (just how one might dream that they win the lottery), I still wholeheartedly consider my investment a write off.

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I'm taking a wait and see approach. SAS has a new Board of Directors and Richard Branson's backing too early to preach doom and gloom.

SAS Price at posting: 1.6¢ Sentiment: None Disclosure: Held
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Ann: Virgin Orbit set to take stake in SAS, page-134

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