TSXV:MRS.H - Post by User
Comment by
Butsko1on Mar 13, 2017 1:47pm
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Post# 25972138
RE:Military Contracts
RE:Military ContractsLordVoldemort wrote: There is an enormous amount of hesitation from investors who know the military market about MRS/WTG. Neither company has a track record of military contracts. They have done minor contracts ($3M and under) with minimal number of unit delivery. Look at Short Bark Industries who beat out MRS on the BCS contract.
https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=30997258
Jul 6, 2016 - Short Bark Industries Wins $49,029,843.63 Federal Contract
Dec 2, 2016 - Short Bark Industries Inc. Receives $11,734,767 Federal Contract
Mar 2, 2016 - Short Bark Industries Inc. Wins $24.56 Million Federal Contract
That's a track record of a military contractor making armor and soft goods. Could MRS ever be like that? Maybe. But their protest with the GAO got them blacklisted. No contracting officer wants to work with a contractor that complains like that.
They need to anounce a military contract fast.
Have to say, he has a point...