TSXV:MRS.H - Post by User
Comment by
ezcostelloon Nov 22, 2017 11:28am
175 Views
Post# 27011632
RE:Question
RE:QuestionCause people are waiting on the confirmation of the purchase order. Orders fall through all the time. I was a bit skeptical too but i did my homework. They have a real tangible product that has won many awards. People are war crazy and countries get so patriotic when talking about their army. A company that serves the armies of the world is a winner, no brainer. Take this statistic in mind.
In total, countries around the world splurged $1.686 trillion on arms in 2016, a 0.4 percent increase on 2015. The United States remained at the top of the military spending league last year with $611 billion. That's 36 percent of the global total and over three times the amount spent by second-placed China.
You have to admit that is amazing! A 400m contract seems pennies when you put it in that perspective but for a company of a 20million market cap to get such a large contract, you wonder why? When you research the management, you understand why. Porter Bibb, one of the founders of Rolling Stones Magazines is financing the start up of the company by providing them a bridge loan. We'll see this take off soon.