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

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Comment by Trelawnyon Mar 07, 2017 4:53pm

292 Views

Post# 25946767

RE:Got to Laugh !

1Midas,
this is a free trading bought deal (prospectus) - not a private placement. A private placement means it is 4-month hold paper (i.e. the shares do not trade for 4 months).

The deal was placed before the market opened today. Which is why it is trading above the deal price.

Clarus and Canaccord lead the deal and they choose who they sell the deal to. They take into account a plethora of criteria as to who gets filled and who does not.

The fact that the stock closed down only 2 cents is proof positive that the deal was well subscribed (actually is was well over-subscribed). With over-subscription you will see accounts going into the market to buy more shares to get to the allotment that they initially wanted.

I am happy with how the deal has been received and believe that the company can now execute unencumbered with capital restraints.

Best regards,

Colin Fisher, President and Portfolio Manager
StableView Asset Management

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