The SAS SP drop from 5c to 3c was due to holders selling to take up the 3c CR. Most of them backed out due to the FUD, Director resignation etc... So that means I expect some former holders who are not eligible to take the Entitlement are waiting on the sidelines to buy back in especially with all the recent positive news and once confirmed launch of the first batch.
We know the directors wont be selling so the only resistance for the SP going back to 3c will be the new Sophs/Investors flipping the shares they got at 0.5c. That is why it is best the full entitlement is taken by all current strong holders.
SAS Price at posting:
1.6¢ Sentiment: Buy Disclosure: Held
