Not a chance in HELL the directors will put in that much,
From Michael Melone he said Meir is not a particular Rich man during last CR.
at 3c not the 1c which they offered nothing.
After all I think the other directors only put in $10,000 and $15,000 and Meir $200,000
So not a hope in hell they can come up with
$5 mill
And not a hope in hell that every other share holder will put in 100% of what they hold
That’s what needs to be done so there is no shortfall.
Definitely not underwritten definitely
They may have a verbal commitment from some institutions that they may take up some shortfall.
But even during the 1c CR BM was 100% sure it will get through at the start.
then he went dark and no response that’s when I new it failed as I have always got a response when things were positive.
Ask yourself holders are you going to put in 100% of what you hold if one person says NO out of 9400 holders then there will be a shortfall.
Why I won’t is because 15 mill is not enough go see how they will disburse the funding does not add up at all,
They must be hoping the grant will kick in because 15 mill NO chance
View attachment 1827538View attachment 1827544altho they are raising 15,8 mill it shows only $14.8 mill ,
where is the other $1 mill going ANYONE ?
Also you will see that
Figures do not match up
Gomspace short well over $3 mill for first batch.
Launch short well over $2.2 mill
Working capital only enough for 10 months well short before first launch so they are short $500.00 every month till revenue
What about
insurance,
Bank loan fees
Travel
Advertising
And everything else that I’m missing
They are well short of what they need no way around that.
unless they get a 10 mill grant then I’ll say OK it’s on but can’t rely on that.
