meritez
ULTIMATE Member
Bullitt Group had $256 cash in the bank at the end, says PWC
IP sold to founders in pre-pack administration, product warranties unaffected
To much acclaim, BGL's Defy satellite link was launched in 2023 along with the satellite-enabled S75 phone. Both were expected to be revenue spinners, with the satellite link winning Best in Show at MWC that year. Yet delays to the service's start date meant it launched in June instead of Q1.
Ok,
But this caught my interest:
Remaining stock of around £176,000 is held in various warehouses in China and will not be recoverable, the report adds.
That's phones, JCB, CAT and Motorola Defy phones which are satellite capable and I imagine they will be heading to AliExpress etc soon.























