Ann: Appendix 4E - Preliminary Final Report, page-126

See that's the thing, if it is such a solid money maker, why aren't the big players jumping over each other to fund/partner with them? This is a question that I haven't seen any reasonable answer to here.
In the world SAS are trying to operate, 15 million is not huge money by any means, especially if it was such a sure thing. Yet after all this time on the ASX they haven't been able to negotiate any meaningful funds by anything other than CR's.
They have put the equatorial belt coverage on the back burner to focus on IoT etc, so their point of difference is lost, the 3 Diamonds are basically obsolete after the change of strategy and whilst squandering cash, have well and truly lost what first mover advantage they had.
With other companies doing the same thing, but actually with nano-sats in the sky earning cash from real contracts, I am at a loss as to why SAS would or should deserve funding from anywhere.