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Mission Ready Solutions Inc V.MRS.H

Alternate Symbol(s):  MSNVF

Mission Ready Solutions Inc. specializes in providing government contracting solutions through its wholly owned subsidiary, Unifire, Inc. (Unifire) Unifire is a small business and an industry manufacturer and distributor fire, military, emergency, and law enforcement products. It has two business segments in the global defense, security, and first-responder markets: consulting and manufacturer representation. It also provides relationship management, product development, acquisition and contracting and sales and marketing support to manufacturers selling to the United States Federal Government. The Protect the Force Innovations (PTFI) division develops, enhances, tests, and pioneers new and advanced technologies relating to defense and personal protection. Its portfolio of defense and security-related products includes Flex9Armor and Tactical Shield Cover. It serves law enforcement, the military, government and other agencies through its various products and services.


TSXV:MRS.H - Post by User

Post by allibabbaon Feb 28, 2021 2:49pm
267 Views
Post# 32682029

Shorts!

Shorts!I'm no expert by any stretch of the imagination, however I have been keeping a very close eye on the trading activity and short interest during the last couple of months.  Between December 21 and january 7, short positions increased by 215000 to well over 450000.  During that time, our stock price was in the range of 0.17-0.21.  Since then, 275000 short positions have been closed, most of them during the run to 0.48 which could have had a lot to do with the intensity of the run.  That being said, there have been no new short positions added since early January (except the traders which short and cover within the reporting dates in order to not be included in the bi-weekly reports) which means that the 175000 short positions remaining were shorted around the 0.20 mark.  These short positions are MASSIVELY under water at this point and are likely shorting again now in order to try and raise their short position average.  As I said, I am no expert but I'd be willing to bet that those 175000 short positions won't be able to cover without losing money even if they average up.  Again, this is just my opinion but I believe that the recent volatility has been created by these shorts to desperately try to cover those positions with minimal loses.  In conclusion, keep in mind that even if they do manage to average up to the 0.75 range they still have to repurchase the 175000 shares plus the additional shorted shares to average up.  With very little selling this could push the price back up once again very soon.  If we get good news it will squeeze them even further.  Just something to think about.  GLTA 
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