Australia's largest stock trading and investment forum Australia's #1 stock forum

SAS

Click for more information

0.00%

1.6¢ sky and space company ltd

Well said I couldn't agree more! In my eyes this can only be...

First 374 Last

Share
Profile

Follow
Universe15

259 Posts.

05/05/17

08:38

Post #: 24487977
Share

Originally posted by fidel14 ↑

My personal opinion is that it is a strategic and well timed decision for a CR.
By doing it weeks out before the launch, it gives additional funds if something goes wrong with the launch.
Also by doing it this side of the launch it may also stop the SP getting hit too hard with the launch so close.
Is it worth the risk covering what they bought in the CR if the launch goes well and SP takes off etc?

The reason I believe they do a CR with sophisticated investors is because it can be down in a few days (which it was). If they do it to the public it can take weeks etc.
An additional bonus is that by doing it through sophisticated investors it helps spread the word about SAS (if some people didn't already know about it).
As they say money attracts money, so if you have sophisticated/professional investors as share holders it can help attract other ones too.

Expand

Well said I couldn't agree more! In my eyes this can only be seen as a positive and the perfect timing for the CR just before launch as it seems to be holding up very well.

SAS Price at posting: 22.0¢ Sentiment: Buy Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

PV1

Provaris tells ASX non-binding MOUs are still material to share prices in somewhat fiery compliance response

Revolutionary inverter technology leads the clean energy charge

Exploring the causes and potential solutions to Australia's housing crisis

Emerald & Azure score Digger & Dealer awards

From the Floor with Federal Opposition Leader Peter Dutton at Diggers & Dealers 2024

There are more pages in this discussion • 237 more messages in this thread...

First 374 Last

Add SAS (ASX) to my watchlist