Urthecast Corp LFDEF

Financing

[bobmoon]

Does anyone know how much UR is looking / needs to raise for Urthe Daily? 

For long time shareholders, how do you think this will be raised? There's a ton of debt on the balance sheet and the share price is $.07. In order to raise new capital how does that happen without wiping out the current common shareholders as part of a recapitalization (or just through major dilution)?

[URthereum]

Troll alert.

[bobmoon]

Guessing you must be down 90% here. Nothing trolling about the most basic questions around a financing, which are all quite reasonable considering UR's balance sheet. 

[Tupac007]

There's a lot of Canadian Government assistance coming. 

[bobmoon]

CCAA. Too bad for all the holders here, but there was no way this wouldn't be the result. Common will be wiped out as I stated (and was called a troll). They'll either sell off assets and repay debt or there will be a recap - either way toast. 

[WhatTthe69]

It's far more common since 07/08 and especially more common in post COVID world for there to be a more lenient (aka kick the can down the road) approach once significant DIP finanicng is in place.  In this environment it will almost be impossible for a creditor to recoup at a rate greater than what they could expect to in the future.  The CCAA proceeding are usually estentially