jabiru funding announcement..., page-60

Perhaps your outlook is somewhat short term. Yes this company has limited profits at present, however the real value in this company is in 3-5+ years time once they have got not just one but a few satellites up and making money.

Interestingly tho, I just spoke to Adam Shapiro and whilst it is not yet finalised "at this stage it is unlikely that existing investors will be able to participate in the Capital Raising". The reason for this is so that existing investors cannot partly sell out, forcing the price down and then buy back at 20% discount. Thus the CR will be only available to the large institutional investors of whom apparently there are numerous parties who are interested.

The other interesting thing he pointed out was that among the top 50 or so shareholders, none of them have been downsizing their holdings.

So given that it seems unlikely that retail investors will get to participate, the current low price between now and the CR is probably the best opportunity to purchase more.

As always DYOR.