Looks like SAS is hiring a VP R&D for this month. Something is happening on the background that we do not know. I expect a series of positive announcements after the entitlement.
https://www.linkedin.com/posts/ortal-kvartler-22b61a108_newspace-activity-6597395341102981120-uCj0
We are Hiring!! @skyandSpaceGlobal a SU #newspace company, is looking for a talented hands-on VP R&D to join our executive team and lead the software and network development. The VP R&D will lead the transition from theory to code, and from a diagram to a working network of Space and ground segments.Own the SW development work-plan, manage the delivery of our software house, and fuse all moving parts into a working network: User app-UE-Satellites Network-DCPrioritize wish-list and direct the SW team to successful delivery: on-spec and on-time.Provide technical leadership, take part in strategic decisions and align the company’s Network and Software technological strategy with its business strategy.
The fact that UK Tax agency gave SAS R&D rebate of A$2.6M means they have done their own audit / due diligence to give this amount. The fact that ESA / UK space offered SAS a partnership agreement mean they have done their own Audit/Due Diligence.
ASIC will be pro to startups that are generating jobs and game-changer technology. They will understand the risk, all SAS need is to clear up what is required. I expect the ASIC lifting the Stop Order in the coming days, Entitlement offer proceeds and SAS will start trading.
Remember all these fear-mongering noisy fortune (VA) teller posters, they will have egg on their faces which we'll remind them
Sophs will be taking the short fall (no wonder they have been buying all the shares since 2017), at 0.5c its like buying into an IPO and they get all the benefit for the pending grants, rebates and tax benefits of the previous years of losses. Watch also how much money the directors will be putting in on the Entitlement. This will provide confidence to the market.
