Money for ground-stations?
Terminals?
Contract with carriers?
End user devices?
More employees?
Virgin orbit uncertainty? Launch cost?
Commercial failure of the first batch?
In my opinion, It is more likely that SAS go into a VA in early 2020 than deploying the full 200+ nanosats.
It is actually not a bad strategy for management to put down some money for CR because without the CR there is no chance for them to get paid.