Ann: Company Update, page-47

I would agree that is the best course of action, unless you want to clean your hands at a loss and use it to offset your tax bill.

The positive from this development would be that the IOT and M2M market still remains a huge opportunity as it always had.

See Link below.

https://iopscience.iop.org/article/10.1088/1757-899X/260/1/012028/pdf

“Nanosatellites constellation as IoT communication platform for near equatorial countries”.
Key Points:

1. IoT is set to grow rapidly (100 billion devices by 2025) and generate estimated revenues in the trillion-dollar range.

2. Current composite terrestrial networks offer short to medium range networks and unable to provide coverage for whole continents and countries. These networks (3G, GSM, LTE etc.) are congested and limited and already at capacity. ( an SAS nanosatellite network is in demand!!)

3. Satellite network technology is not new, However conventional satellites require expensive ground stations, are expensive to build and launch and have ongoing high operational costs.

4. To provide full coverage to equatorial countries, only 25 nanosatellites are required.