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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... see more

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Urthecast Corp > Getting up to speed

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Post by bobmoon on Mar 03, 2020 1:34pm

Getting up to speed

Trying to learn more about UR.TO, loosely tracked over the years, clearly in a tough spot now. I understanding the following:

UR is attempting to sell its Deimos imaging business and technical diligence has been completed
They have term sheets to fund the constellation project
There are $140m in short and long term liabilities on the balance sheet
Seems a small group of investors have kept the company afloat using convertible debentures
Multiple notes are being negotiated for extension

What's the upside case here? I like space as a sector, but what's the argument that UR is going to survive?

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