Ann: Trading Halt, page-147

@peter King

"From all accounts it appears this CR is likely to be all but a done deal to grease the SAS financial wheels and to fund the build & deployment of the first launch of Pearls. Despite considerable ‘crystal balling’ this appears to be a relatively small CR. The Big Boys get to stick their heads in the CR trough and shareholders who might be so inclined, are also invited to have a feed. – Sounds good to me! More stock (discounted) at 12c and with over subscriptions, I could get much more!"

It can not be a small CR simply because of the fact that SAS has increasing operational costs aka burn rate. So the CR would need to take into account that burn rate and the actual capital that goes into launching the satellites.