COTS Milestones

Dan Schmelzer has a breakdown. As I suspected, financing rounds are early progress milestones. For RpK, its second one is coming up this month. I assume that they have until the end of the month to meet it.

[Late morning update]

I just realized that my first sentence could be misinterpreted. I mean he has a breakdown of the COTS documents. I didn’t mean to cast aspersions on his mental health, which (unlike, apparently, Lisa Nowak) I trust is fine.