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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 > AGM Results
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Comment by aushuckson Jun 27, 2019 10:03am
169 Views
Post# 29869317

RE:AGM Results

RE:AGM Resultsthey made substatial cutbacks and they still need to borrow more money? thye just received a 2 mil handout?  17% interest, Sai your kidding right?  talk about digging your own grave.

Bolzano is also a lender to the Company in connection with the US$12 million one-year term loan previously announced by the Company on January 14, 2019 (the "January Term Loan"). In connection with the New Term Loan, the terms of the January Term Loan have been amended to (i) increase the interest rate from 14% per annum to 17% per annum and (ii) include any net proceeds from the proposed sale of the Company's Deimos assets, if and when such sale is completed, as security
Read more at https://stockhouse.com/companies/bullboard#dRh1h3l6v5ufi81g.99


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