Ann: Notice of Meeting - Placement to Raise $15m, page-64

I was lucky enough to sell before the VS but still made a loss on SAS

One way to look at this now if you can get past the massive trust and management issues is that it's like a refloat of the company.

If they can raise the 15 mill and it all goes to where they say it will then there will be sats built and launched into space which should then be generating income.
The company has all of it's regulatory licences issued so far, user MOU's in place, software hub in Poland, ground stations sorted, MOU's with 2 launch providers, staff in place, Sat simulator software, UK and Australian offices, security encryption software sorted etc, etc etc, not sure about insurance.

The SAS concept has always been good until management stuffed it up in so many ways, and I am not saying that this will all happen but if they can get the 2 directors onboard and raise the funds then it is food for thought at least.