TSXV:MRS.H - Post by User
Comment by
xsnrgon Sep 20, 2017 12:01pm
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Post# 26719920
RE:RE:RE:RE:RE:Read the NR :)
RE:RE:RE:RE:RE:Read the NR :)Well obviously it's unlikely it will go to $1 in October...but the way it is trading today makes me think the 30 cents might come this week, after that it could explode but right now its WW3 in the 22-28 range. Once the battle is won this is going to fly (hopefully the bulls win).
Zhantao wrote: Actually, I remember peek going up a couple of times to $1, $2 eventually, then crashing down each time. I'm not saying it's impossible this reaches $1 by October, but October is almost here already remember? I just don't see this going that high in such a short time frame.
But I know some stocks do. GTT made quite a climb over $1 quickly, and then over $2 quickly. I'm not saying MRS SHOULDN'T be over $1 by then, but sometimes the market just doesn't allow it. I think next monti s just too soon for $1 IMO. but I could be wrong.
For disclosure, I'm in at approx. 26 to 27 cents on average, with a little over 100k shares
xsnrg wrote: I guess you missed the PEEK and FGD run to $1+. Didnt take all that much oh and did I mention they didn't have a $400M PO with a credible customer.
Zhantao wrote: Reaching $1 isn't as easy as you think. there are lots of ups and downs, shorters, penny flippers, etc. etc. I can see this stock being over $1 in due time, but definitely not by October. That's highly, highly, highly, highly, highly, highly, highly doubtful
sicilian2 wrote: this PO is unrelated to the $ 400 mill contract its an Add on; a Bonus! Next week we should get another PO for the $400Mill agreement. I am long and strong. This is over a $1 by October.
Playa2012 wrote: They expect the first PO(s) for the $400 M USD agreement by Q4 2017. I don't think the market fully read the NR yet lol. That is huge.
Foreign Military Distribution Agreement Further to the September 6, 2017 news release announcing the Foreign Military Distribution Agreement, the Company expects to receive the initial purchase order(s) for the Flex9Armor and No-Contact Tactical Shield Covers during Q4 2017, and is progressing with the required logistics and preparations to scale its manufacturing capacity over a planned 90-day ramp-up period.