SAS 0.00% 1.6¢ sky and space company ltd

Great post - thank you. Just re-read the announcement on the...

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    Great post - thank you.

    Just re-read the announcement on the 18/5:

    Sky and Space Global Ltd (ACN 117 770 475) (the “Company”) is pleased to confirm that the founders, directors and executive management, have confirmed their commitment to not sell any equity holdings they own or control (directly or indirectly) about to be released from escrow, unless to help facilitate a major investment in the Company by a key strategic investor at a time in the future. This voluntary lock up commitments represents approximately 1,000,000,000 of ordinary shares in the Company, which is in excess of 55% of the total shares on issue for Sky and Space Global. This commitment has been entered into by the founders and directors of the Company to clearly demonstrate their true belief in the Company’s future and business plan. It has also been designed to show their commitment to the Company’s technology and the potential future value they believe they can help grow and create for all SAS shareholders. The Company is entering into a critical operational and development phase taking place over the next year, with the Board currently focused on completing operational testing with key target customers, delivering binding commercial contracts alongside the completion of design and construction of the Equatorial Constellation nano-satellites (the Pearls) to be deployed from 2019.
 
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Currently unlisted public company.

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