Star Navigation Systems Group Ltd C.SNA

Annual General Meeting

[TonyMontana3]

Great positive AGM by Star.

Some Highlights that I am able to recall:
- Filed all 2019 and 2020 Financial Audits
- Application for lifting CTO in progress with the OSC
- Bankruptcy Proposal accepted and Star has won
- Star eliminated $3.3M in debt
- Received AS9100 Quality Assurance
- Received Airbus A320 STC
- Hired new sales agents
- Focusing on Star-ads sales and put other research projects on hold
- Put together resources to execute corporate goals
- New board members elected

They seem to have a clear strategy going forward. They want to go after the aircraft health monitoring market. Most lawsuits are over and new management seems like they know what to do to turn the company around. I looked into the new sales consultant. He seems to be very experienced with good industry knowledge. His strategy and goals to get sales by end of this year were clear. lets all hope he is able to execute. I think Star has a very bright future going forward and is now out of the woods. its been a very dark period and with appointment of new board and new management, there is no where to look but towards the light.

[Pgstock24]

Thank you for the feedback of the AGM, was not able to join due to work commitments. Hopefully, everything goes well, now looking forward. Is Steve Grigoropoulos the new sales consultant? Saw his credentials// experience on the star website, very impressive and extensive experience in the airline industry. also, good networking opportunity to contact the right ppl from previous endeavours, fingers

[Pgstock24]

Also, did they mention anything about the life of the patent and how that will play out? Thanks 

[Newtechfan]

Go and check : https://www.navblue.aero/

[Newtechfan]

And go check AIRNAV SYSTEMS, and RADARBOX.COM, and all major OEMs ( Boeing , Airbus, Pratt Whitney, Rolling Royce... ) all are doing tracking and data monitoring. So the question is : What patent ?