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.

GREY:LFDEF - Post by User

Urthecast Corp

Bullboard Posts

Comment by Electrofuelon Jun 04, 2017 8:20pm

156 Views

Post# 26322752

RE:RE:RE:RE:Reality

There's no such thing as allowable shares per position that I have ever heard of. He could buy the whole company if he wanted. I think he had to sell some shares to pay for his 1.2MM options purchase. We will know how likely this scenario is if he continues to hold his still substantial position or sells it off completely, the latter of which I think is unlikely. I also know that if I had the option to buy 1.2MM shares at $0.75, I would find a way to purchase them as well, and sell some of them to finance the purchase if necessary. Generally, there are no restrictions on selling options once your eligible to purchase them.