For what it's worth, the deal with SDA is all about the low...

For what it's worth, the deal with SDA is all about the low bandwidth. So the tech is still worth something.

I use the app a lot - it's now very clear and non-laggy in "high bandwidth" mode (as it should be and always should have been). Their rates are cheaper, which it needs to be to have a point of difference vs incumbents in a crowded market. My view is that there's room for competition and ZIP can have it's place. I personally see this incrementally growing and being worth something one day.

But I agree with David, it's all about the SDA deal. Captive market, lots of upside and it's a speculation on the success of that JV. SDA are a real company so they'll keep the JV on an even keel. I think it's an interesting bet against a $13M MC.