I guess LFD is not the first company to take over urthcast. W7 tied up the deal first and then dropped it. wonder why........ probably not a good sign.
W 7 ACQUISITION CORP. ANNOUNCES PROPOSED QUALIFYING TRANSACTION WITH EARTH VIDEO CAMERA INC.
W 7 Acquisition Corp. has entered into a letter of intent dated July 18, 2012, with Earth Video Camera Inc. to complete a going-public transaction for Earth Video by way of a reverse takeover of W 7. The proposed transaction will be conducted by way of share exchange, merger, amalgamation, arrangement, share purchase or other similar form of transaction pursuant to a definitive agreement to be entered into between W 7 and Earth Video. Earth Video -- operating as UrtheCast -- is providing the world with the first near-live high-definition video stream of Earth from space. Working with renowned international organizations, Earth Video is building, launching, installing and operating cameras aboard the international space station. These cameras will stream video imagery to Earth, providing an unprecedented view of life on the globe. The video data collected will be downlinked to ground stations across the globe and displayed on the interactive UrtheCast platform, and distributed directly to exclusive data partners and customers. The dynamic Web platform will be open source, allowing users to create commercial applications.