TSXV:MRS.H - Post by User
Comment by
1VoiceofReasonon Dec 11, 2017 1:36pm
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Post# 27131743
RE:PO is close
RE:PO is closeI disagree with you on one point: there was no news of the PO being delayed on the CC, they have always said and continue to say they expect it during Q4, which we are still in.
theKid5 wrote: Picked up the rest of my shares today and here is why:
Last couple of weeks this moved from 20cent range to .40 on crazy volume. something like 20% of the company shares traded hands on the ask. News of the delayed PO came out in the conference call and the price has gone form .37 to .31 on very little volume (compared to the last few weeks).
So we have massive investment on the way up and minimal on the way down (people are holding). If the PO was not coming it would be a blood bath. I think this stock stays above .30 for now.
News on the LOI will explain what the company purchase is for and I bet its to firm up the manufacturing requirement for the military PO. I am betting that this was a road block for the PO and once the LOI is done the PO will be issued.
that’s my guess on MRS why I am buying at .31 today.