Ann: SAS Secures US$1.1 million Convertible Loan, page-61

I hope you're right GoldRush. But loans terms like that (2% a month!) don't inspire confidence! What I've learnt (the hard way) with all my small caps is that you can have the most amazing idea, the most amazing technology, but if you don't have A. the time to execute B. the cash to execute C. the management team with an insane amount of drive who minimises junkets and excess expenditure then it doesn't matter if you can produce a tree that has the potential to grow gold leaves, you need to be able to actually have the tree with gold leaves that you can sell. That's what I see here with SAS. The bottom line is they don't have the constellation of satellites to generate the cashflow to sustain the business. Until that happens it will just be cash burn for months... and 2% interest doesn't help with that cash burn (talk about a catch 22!). And as you've rightly pointed out, investors don't have the patience required...