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.

GREY:LFDEF - Post by User

Urthecast Corp > Some financing

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Comment by swissfrankson Aug 28, 2020 3:46pm

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Post# 31471195

RE:RE:RE:RE:RE:Some financing

That's correct. With over $50M US in debt, in excess of 300M shares outstanding on a fully diluted basis and declining revenues that don't even cover the burn rate of the business, the only viable option is bankruptcy. With those numbers, this business will never be financially solvent without clearing all of the debt and wiping out the shareholders entirely. It isn't complicated.

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