It isn't unusual for new technology companies like SAS to have this period where the share price goes through a downward or upward movement, a good comparison for example sake is the rise and fall in the lithium sector with Companies like PLS and GXY having an initial period of great demand followed by a period of selloffs as certain investment and financial institutions that understand market mechanics buy and sell their denominations, but what hasn't changed as any savvy and non emotional successful trader will tell you is the fundamental demand of the resource hasn't changed for the demand for lithium that is needed essentially for the batteries that power the renewables and new technology sector which over the last 6 months is burgeoning to a new level of demand despite economic woe or forecasts.
Disruptive technologies in communications and it's associated fields that SAS are targeting for the resultant bread and butter word "revenue" which is used far to often by non holders is very similar to the above mentioned sector and although different, the communications industry and it's hardware will use lithium in it's batteries and CPU's and integrated circuits. IE phones, GPS systems etc which will in turn act like a domino effect for demand for the intellectual properties of communication that SAS will provide with the next set of satellites that will be launched.
once this non physical connection is made shortly after launch and prep testing of hardware which was demonstrated with the Diamonds so the testing process will be shorter, the MOU"S that have been made in good faith should become material, and a good amount of them I add will swing into place as the companies associated will have to have such communicative technology to operate at a commercial level in this new world. That will be the test my friends after such has been established.
Not the continued repetitive messages of gloom that lack insight into the new fields of future profit technologies, remember the fundamentals, it is always those that challenge the boundaries of science and innovation that will succeed and reap the benefit only through perfection which takes time. Sophisticated investors understand the importance of this as the over subscribed placement proves.
Nothing like the excitement of a launch pad.
SAS Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
