SAS 0.00% 1.6¢ sky and space company ltd

What has changed?, page-6

  1. 120 Posts.
    The jump came after the announcement of being ahead of schedule and the speculators have piled on creating their own hype which has built on itself. They believe that the presentation in america is also going to bring in more investors which is just ridiculous given the current prices.

    It doesn't matter how good outlook for a company may be, if the share price is too high, no one will buy in. SPECULATORS, not the company, have added 50m to the stock value over nothing but optimism over being ahead of schedule and a presentation.

    Once you run the numbers... the only numbers we have being a PB ratio, its clear that the stock is over brought.

    For instance, if the stock was at fair market value... a PB of 1.45 right now.. it would be at 0.004c

    I hope this puts in perspective just how over brought this stock is and saves people allot of money.
    If you think you can sell higher think again, there will be no liquidity from anyone buying at higher prices... The stocks only added the supposed 50m to the market cap because a few silly individuals brought at a ridiculous price.
    Last edited by lukeyc88: 04/11/16
 
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Currently unlisted public company.

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