Urthecast Corp LFDEF

press release

[bart83NL]

Thanks for posting the Canaccord report. I personally do not believe Urthecast themselves expired the Urthedaily deal with the bank in New York. That bank probably assessed the risks for 142 million and the weakened financial situation / statements of Urthecast and used the Fabrizio term as an escape. Urthecast also announced earlier that they opposed to it and did not see Fabrizio as key term for the deal. Anyway, hopefully they manage to get a better deal out of it. Better Q1 results compared to 2018 can maybe help in negotiations. Only uncertain new question is, next to getting a new deal, that now a delay can be there in Urthedaily building and what that does with the already signed contracts with their Urthedaily clients.

[Accruedinterest]

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[454Joe]

So bank assessed the deal after making the deal?! Doesn't make sense. The deal was assessed before being presented. Fabrizio thought he could screw urthecast for demoting him by quitting. If you are urthecast and you know that this is your only lifeline they wouldn't do anything to default. Obviously they didn't feel this way. Plus now they are probably making a better deal with