SAS sky and space company ltd

Funding from CR will provide ample funding for 1st batch of 8 x 6Us, page-3

  1. 1,051 Posts.
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    I would like to think SAS is in such a good place financially, but if we are in credit (down payment) with GOMspace, why does the GOMspace Q3 financial report say that SAS owes them AUD$2.3m and now counts it as a bad debt? I emailed SAS/Meir with thsi question, but have had no response.

    From GOMspace Q3 Financial Report:

    In the first three quarters of 2019, the increase in sales and distribution costs is mainly due to provision for
    loss on bad debt at an amount of T.SEK 15,067, this amount is mainly related to Sky and Space Global.
 
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Currently unlisted public company.

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