well said mate

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Chucknorris304

42 Posts.

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11/04/19

15:14

Post #: 38100015
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Originally posted by Dentbumbo: ↑

I agree there is lots of emotion on this board at the moment. It's going to be a little while I think until more clarity is available. For now I'm focusing on what seems clear in the announcements to date.
Global constellation - a company decision has been made to get 8-16 satellites up for IoT and M2M. This seems to be a good business decision in my view as existing customers have expressed not only an interest in a global offering but also will increase their spend. To me this sounds like a ROI will be greater in the shorter term. I see this as a positive. I expect that more information will need to be released to the market to clarify this given this direction is not in line with the prospectus.
In regard to the resignations of Michael and Di, no one other than the management team know the answer to the reasons why and I believe shareholders are doing themselves a disservice to assume the worst in this regard. My view is we need more information from the company in regard to this and the direction forward before a balanced judgement can be made.
The point I'm trying to make is I do not believe that it is black and white ie: we either get rich or the company goes broke. These announcements have set a cat amongst the pigeons somewhat however I can see a lot of positives. I urge people to read the announcement carefully in regard to the change in strategic direction and do some research - IoT and M2M is a huge market. This should help to settle some fears I believe as it really makes sense to me to pivot at this point ie: great ROI which leads to being self funded potentially earlier. This is not the end for the company in my opinion and this pivot may well be the best strategic decision. Once there is more information available I will be able to form a better opinion.

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well said mate

SAS Price at posting: 2.8¢ Sentiment: Buy Disclosure: Held
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well said mate

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