GREY:LFDEF - Post by User
Comment by
Empire123on Nov 09, 2020 8:35pm
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Post# 31867958
RE:Things getting interesting
RE:Things getting interesting Has anyone heard anything about the Bid Phase 1 deadline?
WhatTthe69 wrote: Looks like this Sai Chu and co are have the floor bid for selling the UrthePipeline and UrtheDaily to the shadowy group mentioned called Antarctica Infrastructure Partners (based out of Delaware) for 70 million and fees related to the restructuring process. Others may enter the process before certain deadlines. 20 million of this is paid to Land O'Lakes and paid off 50 million in debts.
https://www.delwarecorporates.com/corp/691227.html
October 16 letters sent out to interested bidders with this information and 70 million floor bid.
November 6 Bid 1 phase deadline.
November 18 Bid 2 phase deadline.
November 23 Auction between interested parties with floor set by Bid 1 and 2 process.
blob:https://documentcentre.ey.com/f263824c-f61f-4c62-91a5-fc4afb0aa074
UrtheCast is actively marketing financing of the SAR project. In 2017 the project had 2 sats signed for $180 million. Times that by 4 (8 sats in OptiSAR) for $720 million ish. The bidding process is going to be interesting. OptiSAR was always the long game.