Urthecast Corp T.UR

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:To the moon erni

[swissfranks]

Why is it that you cannot have a reasoned argument? Instead of addressing what this person has said about the lifespan of the satellites which is likely true due to the expected lifespan that UR themselves acknowledge, you instead accuse everyone who disagrees with you of being angry ex-employees. 

Why not argue what he has said is false, or provide a reasoned argument to explain to the world how a company with the equivalent of 300M shares outstanding when warrants are exercised, and tens and tens of millions of debt with an interest rate of 17% that is due right now, could ever get more money? They can't raise equity because if the share price were to go up, the number of shares outstanding would double due to the warrants. That's right, double. There isn't an intelligent investor on earth who would make that investment as putting money would almost certainly dilute them so as to make the investment a complete failure.

Nobody will lend a company money when its cash flow can't even cover the existing mountain of debt. What makes it even more impossible is the revolving door of failed management. There is an established years long track record of failure. Debt in the world is currently virtually free, yet this company is paying 17% and are in default. None of their loans have currently been extended. I am certain that their lender has just not asked for the money back yet because that would cause everything to implode. If they had access to even a small amount of debt or equity, they would not be leaving it until the last minute to take it. They would have done so already.

You say the government will step in. The government has already given them a one time payment despite being in default of their borrowing agreement. It is in the financials. That was the extent of the bailout. Governments don't bet on dead companies, it is bad for politics.

If they could have raised more money from outside investors, or sold Diemos it would have been done 8-10 months ago. Nobody will pay them any money buy old satellites when it is so cheap to buy or build new ones with better technology. 

Time is nearly up.