News & Media, page-2124

Prove it?

Gomspace said themselves the $1.9m was for amounts owing in relation to batch 1. Now unless each batch only costs $1.9m, one can very very safely assume that this is a downpayment on construction. We all know the first batch is not complete yet as Gomspace halted all work on them due to non-payment of CDR & the $1.9m.

So yes, this would no doubt be a downpayment. Which is consistent with what I've been saying all along, SAS has to pay a portion of the total batch construction cost in advance, something like 20-40% at the start and 60-80% on completion and delivery.

Are your rose tinted glasses that thick that you actually think that a batch of 16 nano-sats only costs $1.9m?