SAS 0.00% 1.6¢ sky and space company ltd

What's next for SAS, page-193

  1. 422 Posts.
    lightbulb Created with Sketch. 130
    All the tit-for-tat aside, blind freddy can tell you why this thing is heading south. No need to look further than the FY'18 Annual Report;

    1) $1.8m Key Person (x5) Remuneration
    2) $700k Directors Fees
    3) $1m Office and Admin
    4) $685k on Travel and Expenses
    5) $500k cap raise fees

    You don't need to be a forensic accountant to see that the company is spending beyond it's means.

    Where is the fiscal responsibility?

    Please someone correct me, i just cannot see how this is sustainable.

    IMO DYOR.
 
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