News & Media, page-819

We will know evreything befor end of the year
This is from Everblu

Cash Position
Once SAS has 50 satellites in orbit and generating revenue, SAS is assumed to be self-funding.

Assuming SAS wishes to deploy 50 satellites and assuming it costs US$750k to build, launch and deploy a satellite, then SAS requires US$37.5m (A$50m) total capital to be self-funding.

Given SAS had A$9m at the end of June 2018 we have assumed SAS requires a A$40m equity raise. SAS Directors have advised us that any equity raise in Australia would be prohibitive at the current share price. Hence SAS is currently pro-actively seeking a strategic investor(s) internationally