GREY:LFDEF - Post by User
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URthereumon Nov 15, 2019 11:18am
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Post# 30356619
Investors Call - Highlights
Investors Call - HighlightsListened to call, here are the highlights:
- Securing Financing for UrtheDaily - have received a number of non-binding offers, progressing through due diligence, aim is to achieve binding offer before Dec 31, 2019
- Deimos Imaging - negotiating terms and completing due diligence from non-binding offers > Sale of Deimos would result in significant reductions in their corporate overhead
- A bunch of loan payment deferrals are extended to end of January - - looks like Deimos sale expected before then to cover off payments.
Investors questions:
- Cannacord - engineering contracts, where is the revenue? Will these pick up back up again? Answer: Key issue is the performance of sub-contractors, Urthecast is waiting for them...
- Cannacord - GEOsys is performing well, what's the pipeline look like these as a businesss as a whole? Looking to expand? Answer: we are optimistic about market growh in general, once we bring UrtheDaily online, it is a major opportunity to step up business. The MGMT team has done a great job, and we expect GEOsys to have as good as or better results
- Cannacord - Breakeven EBITA - still by year end? Answer: we are working towards that as quickly as we get there. The UrtheDaily financing is going to help cover off.