TSXV:MRS.H - Post by User
Comment by
sicilian2on Nov 17, 2017 4:23pm
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Post# 26986784
RE:RE:After speaking to IR this is my take.
RE:RE:After speaking to IR this is my take.No problem! Looks good for next week before USA thanksgiving!
BloodyMaryAgain wrote: sicilian2 wrote: Production facility is ready and expansion can be done without any issue if necessary.
It’s been very busy time to prepare for Manufacturing and day to day business.
The 1st $50 mill PO of the $400 total hasn’t changed and all on schedule as far as I can gather.
Technically they do have to end of December as a deadline to receive Ist Order then Ramp up.
They will announce when the order or any other order is signed.
No money is needed and no further raises do to 40% up front per order.
The 1st $50 million can be in any amount divided into 12 months. They likely go with a smaller order 1st and every order after that can increase as long as they hit $50 mill by End 2018. Remember this not exclude orders or contracts from other entities!
MRS is not a one trick pony and there are other production opportunities. News will be released as material events occur and not before just for the sake of releasing .
Everything is going according as planned overall, otherwise it would be material and investors would be notified as I understood.
I am paraphrasing the above and it’s what I understand from the conversation, so don’t take my word for it and call yourself. IR welcomes your phone calls but leave a message because they have been really busy last 2 weeks as most can understand.
Finally, Do your own DD and don’t use my conversation as absolute.
i like this post