SAS allegedly laying off many staff at London office, page-178

the price is now down 50% from prior to the trading halt , or some 10% from the credit raise
between the last credit raise at 12 cents and this one at 3 cents shareholders have lost 75%

lets assume the price will drop 50% from the 3 cent raise (its down 10% already) before the next credit raise in september/october

and going on form the credit raise will be done at .9 cents how many shares needed to raise the 12 million to build the second lot of 16 pearls ,

remember last year we raised 15 million to build and launch 20 pearls in quarter 1 2019,, in return for our investment we got no pearls built or launched ,
but what we did get was about 75% loss on our money ,

so we are lead to believe that 15 million raises this year will do it , build only , no money for launch , at this time ,
still on TRACK we are told ,
this story gets harder to believe by the day ,

bank finance/debt can only be considered as some sort of in house joke , no bank in their right mind will lend for this pie in the sky stuff ,
what they will look at is how the last credit raise was used and what it produced ,

can SAS succeed ? yes i think they can , but with out 50/70 million to see them through to revenue , they have no HOPE
quarter one 2019 gone and whats been achieved apart from shareholders loosing another heap of money

these pocket money credit raises just prolong the agony , destroying share holder funds/equity they need real money and they need it NOW