Ann: Proposed issue of Securities - KSS, page-12

I normally wait to see how many shares are issued and to who takes up the placement.

The best outcome for Kleos would be a placement at any price above 28c and to a few long term holders. The market would react very positively to this. Remember the price was only 24c last week. The main launch is only weeks away and we should see a new high (previous high 44.5) leading into the launch. I wouldn’t be surprised if some of the international Space funds get set once the revenue kicks in and won’t worry if they have to pay $1 or more, especially as the only other player in the space is Hawkeye360 valued at US$200m which is well over AU$2 a share equivalent