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Bullboard - Stock Discussion Forum Urthecast Corp LFDEF

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

GREY:LFDEF - Post Discussion

Urthecast Corp > make sure you read every word of it!! its as clear as day
View:
Post by ernieballs77 on Jun 29, 2020 8:43pm

make sure you read every word of it!! its as clear as day

The general level of hope/optimism/pumping here makes me assume that the posters are the UR executives or their moms. These guys fooled me. I do this for a living, so shame on me. The last year’s worth of financial reporting tells the story, this company is over.  No part of this company is cash flow positive, not even Geosys, which they keep referring to as “EBITDA positive”. Frankly, Chu probably doesn’t know the difference between positive cash flow and positive EBITDA. On top of that, they don’t even own Geosys because it hasn't been paid for yet. 

Over 20 million of their debt is borrowed at 17% interest. Interest alone on that is over 3.4 million a year. Who takes those terms? I’ll tell you - People who can’t pay it back. Working capital was NEGATIVE 47 million. They admit this in their filings! They couldn’t get a financing if their lives depended on it. Period. Not even Helen Keller would finance this company. Even if they were alchemists.

 

It’s obvious that the investor who has been keeping them alive has been slowly turning off the taps for the last 10 months. He, like the rest of us, has finally realized that there are no magic beans or way to get off the merry-go-round gracefully! The last time he put money in, it was a measly 2 million in February because UR wasn’t going to make it to the end of May. Look at the 2019 cash numbers for proof. There is no doubt they’ve blown through that by now. Someone should call their landlord to see if they’ve paid the rent lately. I’ll bet not. 

 

Dribbling in money to a business that has lost 120 million under the Osbourne/Chu leadership in order to live month by month doesn’t inspire confidence in its future prospects. Neither does cancelling investor calls. Why do you think the big name US investment board members suddenly left at the same time with no explanation? They figured it all out. They knew an Urthedaily financing couldn’t happen, the company doesn't generate enough cash to pay for the rest of Geosys, and Diemos can’t be sold. Those Diemos satellites are old tech not worth more than their scrap value. Those US investment guys aren’t stupid. They weren’t going to wait around for the implosion. Dead men walking my friends.  Nothing to do but wait this one out. Tick tock.

Comment by Tupac007 on Jun 29, 2020 8:51pm
Tomorrow's going to be exciting. I only wish I bought more shares. Finally Ur is going to start moving back up!
Comment by onxy10122012 on Jun 29, 2020 8:55pm
Look how panicked eballs looks now have you ever seen him this frazzled posting multiple times in a row because he knows he's fawked now and guess what there's more in the pipeline so you better be careful you and your swisscharred relative lol !!!!
Comment by OlYale on Jun 29, 2020 9:48pm
In all my years of investing, I've never seen someone so outraged. That tells you they were told to fawk off and let go. Disgruntled ex-employee.
Comment by onxy10122012 on Jun 29, 2020 10:47pm
Olyale  I'm not sure what he's up to for sure but he's definitely out to lunch with what's actually happening here!!! In plain English the company is telling you and showing you something big is about to happen!! anyone with half a brain can see the writing on the wall but he's about to find out and like I said there is more in the pipeline!!!  So so bring it on big ...more  
Comment by nightridefm on Jun 29, 2020 10:54pm
This post has been removed in accordance with Community Policy
Comment by onxy10122012 on Jun 29, 2020 11:02pm
Well night one things for sure, who ever it is, is way out to lunch with the true reality of what's happening here!!!
Comment by ernieballs77 on Jun 29, 2020 9:32pm
Comment by onxy10122012 on Jun 29, 2020 9:49pm
Ur done loser move on you better pay up tomorrow or this gunna cost you big time!!!!!
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