As other posters have said Capricorn is no charity. Their $7m is clearly to complete their customisations. Having said that they are not mugs either so they clearly see something in the SPX offering. No doubt SPX are in a far better position today than ever before in their history. $7m in the bank and that provides runway. The burn and people costs still a massive negative and doesn’t look like getting better anytime soon. I think this will be a slow burn. Don’t think $2 will be this Christmas.
Ann: Cornerstone investment by Capricorn raises $7.175m, page-24
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