Straight from the mouth of Netlinkz, page-5

Back of the napkin math, and running it through AI (both Claude and OpenAI) with the recent company reports indicates if they paid the due loans, even with the 4.6m injection, and "other revenue" (excluding "assets" and "goodwill" then they ran out of money in June at the earliest, or will run out when they have to repay Syndicate. (none of this is taking into account the loans from Juel and Grant Booker due in March/June 2025. guess they're "lucky" they're secured?

Based on the reported sales numbers of starlink vs the initial inventory purchase costs, excluding warehousing and logistics, they sold them at a massive discount as well.