Well Peter, I really dont want to belittle you but for the sake of the argument, lets look at the opening paragraph of the Prospectus which states:
"For an offer of up to 250,000,000 Shares at an issue price of $0.02 per Share to raise up to $5,000,000 before costs, with a minimum subscription of $4,000,000, and an ability to accept oversubscriptions of up to a further 50,000,000 Shares at an issue price of $0.02 per Share to raise up to a further $1,000,000 (Offer)."
Despite what you think or believe, $4.5m is not an oversubscription. Do we accept that my statement is verified?
Here is another insight that might help you to consider your frame your marketing.
Yes, 4,000 satellites and guess what:
"The customers for the service are the very poorest populations in the most remote regions on earth"
So, here we are, on the one hand, a couple of Israelis who gleaned their Satellite IP from launching an Israeli government schools project with $4,5m cash in the bank, on the other hand, Elon Musk.
Hmmm, it certainly piques my interest and I believe the sector is enormously promising. Who would I rather bet on? That is hard but my gut tells me to go with the billionaire with a successful track record, I don't know why, call it women's intuition.
And finally, as to the re-listing timetable, lets have a closer look at the Replacement Prospectus (not the Supplementary Prospectus) and in particular, clause 2.14 on page 4 which states:
"The Company notes that on 30th March 2016 an email advertisement was circulated to the hotcopper.com.au network. The email advertisement was released without approval from the Board."
Was this per chance a contributor to the delay and who was responsible I ask. Not you per chance PeterKing?
BUR Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
