Funding requirement equity/debt for Spacelink is twice the...

Funding requirement equity/debt for Spacelink is twice the market cap of EOS and nearly every satellite constellation that has been launched has gone bankrupt. That with the delays in getting payment from the UAE has hurt their credibility. Top holders are the employee loan plan, Ben, Fred, WSHP, maybe regal not sure if they have sold out completely and IFM selling out would have been a big drag on the share price given how much Neil had bought of EOS when he was at IFM. Now he is working at EOS and surely should be helpful in raising money for Spacelink.

COVID finally hitting Canberra can't be helpful for the shareprice but they have shipped a lot of the product to the UAE already so should still be able to get paid and had decent COVID protocols in place when there were no cases in Canberra and have practice at what to do from their USA plant.

CEO of Nova was the ex CEO of BAE systems Australia and chief executive of SA premier and cabinet you would think that would come with some knowledge of who the KOL are and what the pressure points would be. If they are going to give some money to a truly Australian initiative your other choices are a munitions manufacturer owned by 1 guy or a group of what look like startups who might be partially involved with the SCIFIRE program but got told to take down the reference to hypersonic flight from their website.

Otherwise you will be giving money to the Australian arms of overseas primes which is what we have been doing all the time anyway. Can see NIOA getting money for developing the payload and the other group for the propulsion development but for full systems integration SMA is really the only credible option unless there is someone else in the works undeclared but Austal joined NIOAA and they really just build ship hulls and aren't a shareholder in AMC. Doesn't cost much to attach your name.