Intermap Technologies Corp. (ITMSF)

[Capt_Smith77]

Wednesday's PR about bridge financing tells me that the last financing deal as well as this one are more than likely intended to expand the company's Leerjet fleet which would cost a few million, and be needed to begin two major projects. reading between the lines, I get the sense that NSDI #2 may be ready to go within a few weeks or so, and that the company urgently needed to further expand their fleet.

Even if it's all about SDI #1, expanding the fleet should expedite the process of IFSAR mapping. Once their projects are complete they can either keep the retrofitted aircraft if need be or sell them off.



http://finance.yahoo.com/news/intermap-technologies-announces-us-2-091500500.html