Ann: Investor Presentation, page-47

A delay in launch means longer periods of general day to day operational cost expenditure without income stream. 

we're all in this together , so hopefully optimistic comes out from the AGM and also an explanation of what happened to that 15million$ CR raised recently. Was it used just for for their big fat salaries and bills, or the nano satellites etc

I doubt there'll be a CR anytime soon. no one will buy at the current lack of performance