Urthecast Corp T.UR

Primary Symbol: LFDEF

Technology Software - Application

UrtheCast Corp is a Vancouver-based technology company that serves the geospatial and geo-analytics markets with a variety of products and services. The company operates earth observation (EO) sensors in space, including two satellites, Deimos-1 and Deimos-2, to produce imagery data that is displayed on UrtheCast's cloud-based web platform and distributed directly to partners and customers. The company's primary source of revenue is from earth observation imagery and engineering. Geographically the company offers its services to Europe, Russia, Middle East, Africa, South Asia, and the Americas. Its only operating segment being the provision of the Earth observation imagery, geo-analytics products and services, and engineering and value-added services.

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Urthecast Corp

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Comment by goldspeculator1on Sep 26, 2018 2:57pm

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Post# 28695287

RE:RE:all grants again and NO insiders buying!!

Need to get to about 35M USD or potentially as high as 51M USD I believe in annual contracted revenue to fully unlock the tranches in addition to dealing with the Sabadell loan. Loan docs say they

They were at roughly 15M USD/year at the beginning of the summer and the latest contract award gets them an additional 5M USD/year. So that gets them more than halfway there on the low end measure. I think if we get to 1-2 more contracts by end of year then we are in business.

I would assume there is an interim trigger at maybe 2/3 of the total target to get the first drawdown and then they take it from there or perhaps we are already past that point.

Don't see how the Sabadell loan will be much of a stumbling block if they've demonstrated that the drawdowns will trigger.

Would welcome any comments on numbers

Best of luck

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