Ann: Settlement Agreement with GomSpace on Pearls Program, page-46

One last thing I hope it’s the full real amount so it needs to be oversubscribed SAS really need
About 23 to 25 mill not $15.8
$15.8 mill will 100% not be enough till SAS start generating revenue that they can not need another hand out.
So they need to be oversubscribed by 10 mill which won’t happen.

so $15,8 will be good but not enough surly you can see and add up
:Operational cost $500,000 month x 12=$6mill
:launch piggy back $2.2mill US -= $3.5 Mill AU
round about’s.
: Build the satellites $8.5 mill
:insurance $1 mill at least
: pay off loan $1 mill
: expenditures travel advertising $4 mill

That alone is $24 mill mate it’s in the SAS and Gomespace costs announcements,
so how does anyone see $15.8 mill successful if they even get that ???
I sure is hell do not but I guess
They are relying on GRANTS because the numbers don’t add up to be enough unless they do another CR by right after they launch some.