Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Star Navigation Systems Group Ltd C.SNA

Alternate Symbol(s):  SNAVF

Star Navigation Systems Group Ltd. is a technology company. The Company focuses on providing aerospace and transportation data services solutions along with hardware and software platforms that assist aviation and other transport related operators worldwide. It manufactures the In-flight Safety Monitoring System (STAR-ISMS), an aircraft computer that is at the heart of the Star Airborne Data System (STAR-A.D.S.). The STAR-A.D.S. System has real-time capability of tracking, performance trends and predicting incident-occurrences which enhances aviation safety and improves fleet management while reducing costs for the operator. Star's MMIDivision (Military and Defence) designs and manufactures high performance, mission-critical, flight deck flat panel displays for defense and commercial aviation industries worldwide. The STAR-V-TRK system is its small-scale tracking and monitoring system that can be installed on smaller vehicles such as boats, marine, trains, trucks, and others.


CSE:SNA - Post by User

Comment by rxgcaon Dec 02, 2015 12:10am
62 Views
Post# 24345488

RE:RE:RE:RE:RE:Insider

RE:RE:RE:RE:RE:InsiderPiker, "Yes Bankruptcy is a distant prospect", define distant. I'm all about being positive but I'm not sure if you read the same financials I did. You do realize that this is December and according to the financials they were out of cash in September even after borrowing $200k in August. That means two months of bills adding up at +/-$200k per month. How are the staff getting paid? How are any bills getting paid? IMO they can't just have a small raise, they stated $1.2 mil needed between now and June. I think that's low based on all the red ink adding up, suppliers won't supply if they're not getting paid at least not without cash up front. A reverse spilt could take time and will likely send a negative message to the market but I don't see any other choice at this time especially if they're close to signing something decent. It's a tough place to be in for management, I wish them well to raise the money needed particularly for the shareholders.
Bullboard Posts