Urthecast Corp T.UR

RE:PLEASE REMIND ME..

[shimmy_ya]

It's perfectly rational to me. I have been and continue holding long but keep in mind the following:

1) We're returning to normal levels prior to the last week or so run up. That was clearly because some people were in the know that news was imminent. 

2) The news is a huge negative. They tried to sugarcoat it the bad news with some good news (i.e. NASA) but ultimately the elephant in the room is YET ANOTHER delay with the HRC camera's coming online. We've waited what seems like eternity until now, and "several months" is a fairly open ended timeline. 

3) This is the technology sector: they have a finite amount of time to establish themselves. They're not doing themselves any favours. They may have been the first (or one of the first) to think about putting cameras in space for commercial imagery/resale but they sure aren't the only fish in the market. They had a head start, now they're losing their grip on that edge they have established. 

4) Back to the HRC issues. They're ground tested it, but the risk of the modifications not wokring on the ISS are huge. This is a risk that wasn't previously factored into the share price. 

5) They just went ahead and informed all of us there will be several months before anything tangible happens. Think they'll sign up many more customers in the meantime not entirely sure if their HRC will ever be operational? Nope. 

All in all, it's a pile of sh*t for us investors. I am leaving my money tight until the end of Q3 and hope for an update, then re-evaluate. If they don't have it together by the end ot the year then it's bad news bears.