SAS SP, page-460

This includes the escrow shares, right?

Yeah, i agree MC of 200million is lil bit on the high end atm. However, once the company proves that their tech is working, 200m will easily become cheap MC for their tech. I won't be buying more that what i already have at this level, IMHO. Ill wait until successful demonstration of the tech before I commit additional money into the Company. I am a current holder and I reckon an CR is necessary to fund the next constellation of sats. Thats when I am gonna increase my holdings.