we farm mou into contract, page-15

Agree. Most of us are holders and supporters of SAS but Hunter, sometimes you have your head in the clouds. There are lots of risks before 'everything works out' so it isn't really useful to ask where do you see the SP after this.

Slightly off-topic but on the topic of risks, I think people here generally haven't got a good understanding of how long financing processes are, particularly if there are banks involved. The technology was only proven on a commercial level a month or so ago (generating revenue) - now I think we can start to talk about funding. What bank's credit team would approve lending to a few shoeboxes floating in space before it is proven? Zero. Similar for equity investors with any sensible risk profile.