it's quite simple, they only raised 9 million out of the proposed 15million
most of the 9mil went to gomspace for debt owing
the 6u satellites contract is 8mil Aussie
this 1mil CN is for working capital purposes only.
they desperately need to raise additional capital.
Ann: Issue of PO Securities & Tranche 1 Placement Ops - Appx 3B, page-49
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