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Star Navigation Systems Group Ltd C.SNA

Alternate Symbol(s):  SNAVF

Star Navigation Systems Group Ltd. is a technology company. The Company is focused 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 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 with GADSS capability tracking, all aircraft systems performance trends and predicting incident-occurrences, which enhances aviation safety and improves fleet management. In addition, Star Man, Machine, Interface (MMI) Defense Division designs and manufactures high performance, mission critical, flight deck flat panel displays for defense and commercial aviation industries worldwide. STAR-V-TRK system is a small-scale tracking and monitoring system that can be installed on smaller vehicles such as boats, marine, trains and trucks.


CSE:SNA - Post by User

Post by Ponzihunteron Jul 27, 2021 9:11am
450 Views
Post# 33609300

a couple presumptions, Exposed Fraud

a couple presumptions, Exposed FraudHi . . . first of all, you're presuming Kevin Duggas actually exists.  Does he?  Second, you're presuming there is some kind of potential sales and marketing activity at Star?  Is there?  Finally, you're presuming Star even exists as a "going concern"  Does it?

I do believe your notion of Star being a "shell" of sorts, in existence only to execute secondary offerings, the proceeds of which quickly getting scurried into offshore bank accounts . . . a few optimistic press releases, then rinse & repeat . . . until the gullible investment community runs out of patience.  As you can see, this can go on for years!

Yes, this is almost certainly a ponzi scheme well underway, and executed with some pretty brazen skill.  I think a formal complaint to the OSC would be in order, but these guys are probably lounging on a beach in the Bahamas, or the Caribbean somewhere (possibly where the annual meeting zoom originated as well) . . . now clearly beyond the reach of authorities.  I have to give them credit; they are master manipulators.
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