Urthecast Corp 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 Wsaks00on Apr 06, 2016 9:15pm

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Post# 24739077

RE:RE:RE:RE:RE:What is this exactly shareholder rights plan!!

All it does is ensure that shareholders have the opportunity to allow or disallow via voting for an owner to acquire more than 20% of the shares in the business. It's unlikely that anyone making a takeover bid will acquire more than 20% in the public market as it will only make their stake in the company dilute and the value of each share to the rest of the market decline because of the additional shares being offered at a discount.

I see this as a protective measure against low ball bids for takeovers. I believe that management believes that someone can scoop up shares too cheaply, and they are ensuring that they get fair value for a takeover in the case that one comes up. Management has in their mind what this is worth, and considering they hold 35%, and believe in the company, they don't want to take any less.

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