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SAS

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1.6¢ sky and space company ltd

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Eqz

3,394 Posts.

1112

04/11/17

23:10

Post #: 28506414
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Originally posted by aniesbaswedan ↑

How long are you prepared to hold this stagnating stock until it eventually crashes and burn? The smart people are not here in SAS, they have shares in other companies that are already up 30-40-50-150 percents or even more. People invest in penny stocks to get rich within a short amount of time so when a penny stock stagnates such as this one for years then what is the point? It locks your capital when you are currently in a losing position and lose potential returns that you could get somewhere else. Obviously it may pay off if the company has strong fundamentals but this company has none, it has no revenue, confusing customer base (poor people in africa no less) and product and services offerings. At this point the company rides on hope and dreams, spruikers and sales pitch and spiels with no numbers no nothing besides those made up and written on the brochures. If remote communication for poor people is so profitable big telcos would already have towers installed to cater for those remote areas. After all a single tower can project around 150km radius of coverage or more. There is a reason why they don’t do it, it is because there is no money there. The fundamentals of this company is just...I don’t even know why people would invest in it waiting for the inevitable. All it takes is just financial reports and the SP will collapse. Forget about satellites replacing towers because that will never EVER happen on planet earth, maybe in mars or aomething but not earth unless SAS can defy the law of physics...

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Maybe your right, maybe your wrong. Time will tell.

SAS Price at posting: 16.5¢ Sentiment: Hold Disclosure: Held
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