TSXV:MRS.H - Post by User
Comment by
ScarletSpideron Jun 29, 2021 6:05pm
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Post# 33470530
RE:RE:And the bottom is.....
RE:RE:And the bottom is..... ferret overall this thing has and continues to be very badly manipulated and shorted.
Let me just highlight things to bring to your recollection and you can assess them
2017 12 million
2018 13 million
2019 25 million
2020 105 million (EBITDA positive)
first 2021 66 million (net positive)
People are just focusing on one half of the equation but the key question I will always say is this is the balance sheet improving or not? If yes, then no reason to go down in value!!!
Sure the gross needs to go up significantly from 5 to 12 percent to 20 to 40 percent but no way does the current trading value justify forward looking projections--what's worse is that this isn't even trading at the very low which is .525 so that would be $105 million of 2020 pretty shameful actually and that is low as well.
Anyways, for as long as I dislike the prices i will hold what i have until December 26th but i will have to see after that. My price targets remain $5-$10 this year. Lot of time left in the year and anything can change at a drop of a dime.
I have laid out the narrative nothing has changed on it!!! The great part is that the company is not like any other typical small cap that earns 1 to 5 million a quarter it is pulling in what we have been recently seeing and no reason it will not continue to do so. This is not a small cap actually in my opinion i am seeing it more as a mid but to get bigger it will need to pull in over 100 million a quarter eventually it will!