Ann: Voluntary Suspension Extension, page-199

So, we’ve learned that it’s possibly $15m at less than 4.1 with very generous options. Sigh. Better than a poke in the eye but not much better.

We’ll stay in business but are still $35m short of cash positive operations. We keep going. This is a better result, if you’re correct, than only enough money to keep the lights on but not much better. SAS will be back in Sept/Oct looking for more money to get further batches up, assuming the first batch takes care of operations. 

$10m a year in running costs.
$15m to put a batch up.

Assuming we’ve paid the bulk of the first batch, then $15m will keep the lights on and pay the rest owed wherever.  I hope it’s more and I hope find find that SAS didn’t need to bend over so hard with the options to get it.