TSXV:MRS.H - Post by User
Comment by
TheRevenant2016on Dec 28, 2017 8:32pm
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Post# 27242100
RE:There's no reason to dis believe anything
RE:There's no reason to dis believe anything IMO I think IR shut down returning investor queries to soon- they should have shut it down these three days between xmas and NY. but thats all. shutting it down for what...last entire two weeks of December into YE Rob? may have cause more ankst then the PO not being released by YE.
Reason being. the CC on the PO commentary itself was not inspiring or re-assuring INPARTICULAR TO Schwartz comments ON THE PO. remainder of the C.C and things in the que were very bullish and foward looking...but the part of the PO was vague I found...that being "not where we want it to be".
however that was offset with 'we still expect it within the 4thq".
PO could still come out tomorrow tho.
I find it highly unlikely by tomorrow.
I would have thought drop dead
date for it from a timing perspective
would have been today.
As Fridays alone...never mind ahead of a long
weekend- are typically not good release dates
of milestone...company making type news
release days. You can hold it over the wekend
by legal not signing off on NR wording etc etc.
and release on the following Monday/Tuesday.
It is unfortunate that we are giving up appx 30% in
hard fought gains that came into play just last week
again. I am a firm believe the higher your paper
costs in shareholder hands? the higher your
valuations are going to go when you announce
good news cuz the break even or entry point
for the latter stage investors then many of us
who enter a story much earlier...have a higher
avg cost and most investors will trade out
to some degree on any double once a pps
starts to slide back and momentum begins
to fade...so your paper being accumlated
at .40 indicates if you base there that
your gonna see around .80 minimum
when the next stage of investors come in
to be distributed the .40 average cost paper
and so on and so forth.
I think overall that average price per share
over the last two months is somehwere
around todays close...in that vicinity.
So .64 per share if we hold .32 and don't
start trading into the mid .20's again
would be a reasonable assumption
to make as the minimum this rallies
to if they get it together and announce
the PO first week of Jan. 2018
No later than by Thurs of the 2nd week of January
2018 and open IR doors again on Jan 2nd.
If they don't have the PO out by mid January
and we don't have an update as to what
is happening with it that is reasonable
to accept the reasons therein?
I myself as one of the longest longs will
consider cutting exposure from 150,000 shares
remaining free and clear to 75,000 as
my average cost is around .03 to .04 cents
per share if you factor in the additional 100K i bought
at .06 in Aug 2017 to add to
my original 200,000 share position at .03.
I derisked by selling half from low to mid .20s in Sept so
the 150k shares left are all profit and free and clear
and it allows one to be detached from the market
volatility and price gyrations.
Having said that...I see no reason why MRS 2.0
won't announce they have recieved the PO
within the first two weeks of January and in the interim
provide the market with an update and start taking shareholder
calls at IR again once they update on the PO first...cuz the market is a forward indicator
of investor expectations...and they do not want to leave
the market uncertainty without an update on the PO to long
uninformed cuz the market hates flying blind without
guidance given...and to add the market is in need of an update
at some point soon on the PO
cuz that is the catalyst that moved this from .06
to .40 in a hurry...$400Million USD order
potential will do that...
robmiller wrote: the company has mentioned to date including the 1st po by QTR4, I have found that they have looked after the best interests of the shareholders and have found comfort and confidence as to theie NR's and actions, to bind them on 1 action that could be as simple as a week in delay is unreasonable IMO and should not be crucified by it at this point which the market seems to indicate that the Foreign military contract is not confirmed or a go at this point and be never happen,seems like any of the speculation of this HUGE military contract is not in the sp at all at this point,So when it does come out which I mention I have no reason to not be a believer look out at the outcome of the sp after that one release! Rob