can feel your pain (you've been an avid voice for the company...

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29/07/19

14:35

Post #: 39741230
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Originally posted by Hunterr: ↑

IN SHORT NO
It’s going to be extremely hard for them to get back on track they might not even open again mate.
They need directors before they can open.
They need money to build before they open and they need nothing short of 15 mill so their won’t be another CR till the satellites are up and running.
Unless the bank options FAILS then they will need another CR once again,
Ant that will be in the range of 2 to 10 mill USD.

So put all that together the chances of them ever being on track ever again is very slim.

Management have really stuffed this up big time.

Meir just should of shut his mouth and not put forward the new plan to go global till after the CR was completed.
He only had to wait 1 day I think it was but NO his pigheaded approach that day after the AGM
to go global made Michel Melone leaving.
(No loss there) but the loss was when Michael took off he took his money that he was going to put in.
And that prompted another prospectus and allowed for people to withdraw the funds.

I can tell you all 100%
Meir did not even consult a lawyer before changing or wanting to change these plans he only did that later and was shocked that we needed a new prospectus.

This is a man that’s going to run a 1 bill $$$$
Company.
ITS GAME OVER
if not I’ll be very surprised and happy but unfortunately looks like it’s over.

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can feel your pain (you've been an avid voice for the company for a long time), but this is exactly my point.

if they cant get off the ground.. why flog a dead horse... if the IP is a proven tech, why not at least sell off to someone who can properly fund it and make it work?

that would be common sense business i know.. but still.. just a shame.

SAS Price at posting: 2.8¢ Sentiment: None Disclosure: Held
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