When the Auditors flagged the going concern material uncertainty in late August, it was expected that the KSF1 satellites would become operational the next month in Q3-22
It is nearly Q1-23 and KSF1 presumably have some more issues in my opinion given they’re still not in formation. They’ve been in orbit for about 18 months now.
The share price has been falling and they haven’t told the market that KSF1 didn’t move into formation like they expected so maybe they will also have another ASX Query to deal with after the next quarterly.
They urgently need a capital raise in my opinion and that might be particularly difficult given the current market and the fact that they’re approaching 5 years on the ASX without any revenue generating satellites in operation and with the last raise being a loan.
Having said that, they do seem to be able to find capital - but at what price?
- Forums
- ASX - By Stock
- Background Stories
When the Auditors flagged the going concern material uncertainty...
-
- There are more pages in this discussion • 190 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add KSS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SER
STRATEGIC ENERGY RESOURCES LIMITED
David DeTata, Managing Director
David DeTata
Managing Director
SPONSORED BY The Market Online