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Urthecast Corp LFDEF

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

Comment by anthony3on Nov 05, 2018 4:57am
120 Views
Post# 28922849

RE:XD target now 30cents from $1

RE:XD target now 30cents from $1UR is a joke....they owe money and found way to delay paying it 


the Lenders and U.S. Bank National Association, advising that an Event of Default has occurred under the Credit Agreement as a result of the recent resignation of Fabrizio Pirondini as an executive of Deimos. UrtheCast also announced that it has entered into a forbearance agreement (the "Forbearance Agreement") dated October 25, 2018 with the Lenders pursuant to which the Lenders have agreed to refrain from taking any actions or seeking any remedies available to them under the terms of the Credit Agreement until November 23, 2018





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