Inflight wifi is a different proposition compared to train wifi because of the pricing. Users need connectivity and are prepared to pay premium prices for it, but not for entertainment contents, which the airlines are already providing.So it is a question of revenue and cost sharing with the airlines. So how much of the capex cost can the company bear, even though they have tied up with Motorola for equipment sourcing? Solution providers require different skill sets and a steep learning curve and with the advent of 5G, new transponders are required and first adoptors will need to pay for the privilege and bear the risk of rapid price drop later.
The company will definitely need additional funding to meet the immediate cash shortage and if Guo really has the $5 million, he is better off subscribing for new shares in the company than to buy back existing shares, so the funds go to the company instead of issuing shares to new outsider shareholders and diluting his own existing stake. As it stands, without additional funding, the company won't last another 12 months and he is the best person to know what is really happening and how to stop the bleeding. Save the company first. The other shareholders are a lost cause, beyond redemption. This is the result of placing blind faith on someone who burnt throgh RMB 2.1 billion with nothing to show for it.