Please have a look at the proposed capital structure. Market Cap will be $24.5M once it relists as SSG.
Also there is no need for further capital raising. Each nano satellite costs only $400K AUD which includes the complete build and launch into space. They will struggle to burn through their $5M+ cash especially since they will only be launching 3 next year. Once those have been successful scaling won't be a problem.
The software has already been made to communicate between satellites so there is no further expense from that end.
With Pan African Telecom buying every ounce of bandwidth at market rates and providing optional launch facilities this company is very much set.
BUR Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
