You also missed the part about them financing launch with US bank debt and not another CR:
''Virgin Orbit launch costs will be funded through US bank debt financing; the Company is currently in advanceddiscussions with a prominent debt financing provider to secure this funding, however nothing has yet to beformally approved. Further due diligence will be conducted over the next few months which, if successful,would result in finalisation and settlement of the debt financing to occur in mid-2019''
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Ann: $12m Placement Secured and $3m Priority Offer Underwritten, page-55
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