"when was the last positive announcement ? these days there is...

"when was the last positive announcement ? these days there is no announcements no word about anything , gone into hiding WHY"

if people don't panic and trade in their options then everything apart from the delays the last announcement in Feb is positive!

Company UpdateHighlights

• Heads of Agreement (HoA) signed with GomSpace to deliver newly designed 6Unanosatellites from the end of 2019 (“6U Agreement”) – allowing Sky and Space to add aGlobal Coverage constellation, for the growing demand in the IoT and M2M sectors, growits potential customer base and enhance the revenue opportunities with existingcustomers

• HoA also contemplates the execution of a new definitive Pearls Agreement within 30 daysthat, once signed, will replace the existing Pearls Agreement entered into in 2017 (asamended)

• Following this change of 1st batch of nanosatellites to a Global Coverage constellationand the provision of IoT and M2M data coverage, 16 of the Company's existing customershave expressed their intent to increase the value of their existing agreements with SAS

• U.S. debt funding for launch is progressing as planned

• Operating expenditure reduced by more than 12% – $1.4 million AUD annualised

• Planned launch of the first batch of nanosatellites moved from mid-2019 to early-2020, withtwo Memorandums of Understanding (MoU) signed with Arianespace SA and Rocket Labto broaden launch opportunities and provide additional contingencies and options forlaunches

• Reseller Agreements signed with Streamcode (a leading Telecommunications, Media andTechnology company based in Singapore) and T-Systems South Africa (a German globalIT services and consulting company and a subsidiary of Deutsche Telekom), strengtheningSky and Space’s progression to monetise its nanosatellites once launched into space