They are spending investor money to sponsor events instead of...

They are spending investor money to sponsor events instead of focusing on the launching the nano satellites. They have enough MOUs for the first batch of satellites. 

Either they're very confident about funding security, simply have no sense of priorities or just baiting for foreign investors to buy shares. 

Shareholders will have to show their disdain by voting, just like what happened in Telstra, that is IF they failed to use the raised capital to launch the first batch. Don't forget, there are still 180 nano satellites to go after the first 20. And inherently Gomspace nano satellites are only good for 3-5 years, so you are looking at satellite launches almost every year.