TSXV:MRS.H - Post by User
Post by
sicilian2on Sep 13, 2017 2:15pm
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Post# 26691238
Speaking to IR
Speaking to IR I had several conversations with IR and most is right on the Money! Ravenel wrote: In speaking with Terry at IR I was able to get clarification on a few things. Manufacturing MRS had to prove scalability to the client as a requirement of the 400M contract before the contract was signed. Terry said this is standard procedure as clients have to be certain that PO units can be manufactured and delivered in the specified timeline negotiated in the contract. MRS met this client requirement. Therefore, the manufacturing capacity of MRS does not need to be changed in size or scale in order to meet the upcoming PO's from this contract. PO's from the recent 400M contract will begin in 2017 and upon commencement these contracts will come in on a monthly basis. They will have 90 days to fulfill each PO. Financing He said warrants are coming in now. In terms of a credit raise, the team is working on it now and it will likely be a bought deal. The Department of Homeland Security NR 2017-09-13 He said they fully expect to turn the commercialization efforts of the AMBER Uniforms into contracts. The timeline goal for this is October. Lastly, he said further news will be forthcoming in the future. Read more at https://www.stockhouse.com/companies/bullboard/v.mrs/mission-ready-services-inc?postid=26690828#alJb3F7mJsdKqDct.99