SAS Possible Disallowed from 0.5c, page-244

Being positive is one thing........ outright lying with deceitful calculations, misrepresentations of "smart money buying", very loosely linking ESA initiatives to SAS objectives (absolutely 0 similarities other than the word "space") and constantly denying and not acknowledging the SEVERE issues SAS faces.

The directors themselves prepared the financials on a non-going concern basis.

What does this mean?

It means that they do not think it's likely that the capital raise will succeed - red flag 1
It means they are not likely to receive any significant funding - red flag 2
It means there is NO underwriting agreement and the shortfall will NOT be taken up - red flag 3
It means that it is going to deter a LARGE amount of shareholders from putting in a dollar (like they needed any more factors to deter them to begin with) - red flag 4

You know what's also disgusting? The fact that Meir paid himself the exact same in consulting fees this year as last year, DESPITE somehow ceasing his consulting arrangement with SAS on 31 December 2018. This just shows their arrogance and the lengths they're willing to go to to say anything to make shareholders happy but realistically do the complete opposite!