PARIS — Australian regulators asked startup satellite IoT/M2M and messaging service provider Sky and Space Global (SAS) to prove the credibility of company sales forecasts, and specifically the claim that SAS will begin generating substantial revenue by late this year.

The Australian Securities Exchange (ASX) also asked SAS to explain the company’s Feb. 4 decision to halt trading in its shares.

SAS responded to the ASX letter on Feb. 11, the ASX-imposed deadline, saying its revenue assumptions were conservative, reflecting a discount of 50% to their combined . . .

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