4Profit, The coy is looking for $15.8 and change. They are...

4Profit,

The coy is looking for $15.8 and change.

They are saying that if the funds goes over $12 sticks then the following amendments will be made:

(i) in the event total funds raised under the Offers exceed $12,000,000, the Company will continue with the proposed business plan with the following amendments:
(A) manufacture and launch 4 satellites saving on cost of satellites and launch;
(B) limit operational costs for satellites manufacture, launch and operations related activities and vendors;
(C) perform additional cost reductions in relation to working capital requirements where applicable; and
(D) seek additional funding (through grants, debt, equity etc) to revert to the proposed business plan;

Therefor $4.2 (please work out your own sum here) is needed for 4 sats. Making the $4.7 sticks reasonable figure to go by in the Ann.

There are 3 scenarios here:
$15,8 - $12 = 4 Sats
$12-$6= 2 Sats
$6-Nil= No sats

If you can point out the 8 sats scenario I will be happy to stand corrected.

DYOR & GLTA