TSXV:MRS.H - Post by User
Comment by
illumination1on Nov 02, 2017 3:14am
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Post# 26892351
RE:RE:RE:RE:RE:I actually tried emailing T.Nixon
RE:RE:RE:RE:RE:I actually tried emailing T.Nixonrob you have made some really good points. Asking for a downpayment up front is actually an excellent idea and I don't know why that wasn't executed however, we don't know whether the company did or did not do this without asking them about it. In regards to the September 20th order that should be executed within 45 days, would technically make it 3 more days if we don't count the 20th but if we do then yes correct it would make it this Friday the 4th where that order for the local government should be wrapped up if on time.
I suppose that this order is going to be something in which people will take a look at and see whether it was in fact delivered on and one in which they will form their perception of the company's ability to get things done. Unfortunately, many junior companies have been known to get behind, I hope that this isn't among the many or rather majority as that will potentially call into credibility the company's ability to fully deliver on stated time estimates and something companies don't want to be missing on. Let's see if we hear anything about this order being fully and successfully filled we have until Friday but this is definitely cutting things very close even on successful delivery but the company did say within 45 days after all. I wonder what people would think if it happened on the 45th is that within or up to including 45 days--within to me technically means up to the day before. Nevertheless, for me a few days maybe being behind up to a couple of weeks is acceptable beyond that I would say it is getting late.
Management without a doubt has its work cut out for themselves. They definitely need to successfully fill the domestic order to establish without any uncertainty that they can be counted on to hit stated milestones as you have stated that if this order isn't filled than you would be concerned about the po too. Let's see if we get a news release about this order either tomorrow or on Friday as well as the po being filled within this quarter. There is still time for that but yes, for the 400k order well a couple of days, however, is it going to be the end all and be all if the company is a bit behind? I don't know?
I still like to be a optimistic, positive betting man and say both of these orders will be fulfilled albeit they may run the risk of being late but i still strongly believe they will be done. Here is my thought on the domestic order. If the company is not able to fill it and they know the chances of not doing so is more likely than not they should have actually put out a news release and informed us that they need to negotiate the order a little further or tell us there may be a bit of a delay. And because they haven't and the order is late i will have to think how i will take this even though i have just stated that i would accept up to a couple of weeks of delay after which things are getting late. The reason i am a little inconsistent now when I started to say this is what i would do is because I started thinking back to dya and what management did over there. Investors were expecting a huge fill of orders fo significant revenue within the second quarter. There was absolutely no word from management as the second quarter financial drew management finally came out and stated one of its main suppliers for the products had problems at their facilities. I was absolutely pissed. But what was the final straw was the fact the company didn't think that they had done anything wrong in not letting investors know about something which was definitely material fact and withheld it from us until the Sedie filings and stated that they would sue the supplier as though that was the answer. I was expecting management to apologise and do damage control but they didn't so I dropped them then and there! I would forgive companies if they took responsibilty for their part dya didn't so even if i could make money there I will not give them any second chances they blew it when they did not say they should have let shareholders know right away.
Over here, similar thing despite the order being substantially less.If management is having troubles being able to deliver they should keep investors informed, so when i remembered what dya did i will have to weigh this and whether i will do the same thing here that i did with dya--chances are likely because if there are stated time frames and even though they are easy to miss at least tell us and say so that we are having problems, we need to negotiate a little further, something has come up which needs to be more fully clarified anything really. And while shareholders will likely dump shares at least that is the markings of a very credible, transparent and honest company--that is very important because like you have brought up if one thing is missed what's to say another will not also be.
I got killed by Natcore because i was too lenient with them i don't want to find myself in that position ever again.But like i said, there is still tomorrow and then end of trading day Friday--let's see where things go!
good luck all.