RE:RE:RE:RE:ne must remember that News indicates three very clear points.
1. MRS is now ready to receive order and manufacture the equipment for then $400 million agreement
2. They expected in the fourth quarter of 2017, but this has been pushed to 2018.
3. Warrants have been exercised and MRS has got about $6 million in the kitty.
As such, the market is giving the company a valuation of $25 million. Clearly tells us that the market needs confirmation before a rerate. Two sides of the coin here and investors can place their bets.
If you do your DD and think that they will pull this deal through, then huge profits await as the market revalues their contract value with a minimum PE of 3.
If if you belong to the other camp, then you are more then welcome to short, troll or do whatever it takes to get your rocks off.
robmiller wrote: It simply states that a lot of prerequisites have to be met when dealing with huge foreign military contracts and doesn't specify who the hold up is with IMO! "the Company had estimated that it would commence manufacturing on the initial purchase order(s) (PO) in the fourth quarter of 2017. All parties to the Agreement continue to work diligently and methodically to address the many administrative and organizational dynamics synonymous with large, long-term government arrangements. We have made many necessary preparations over the past several months and we are ready to begin manufacturing upon receipt of the initial PO which, considering the limited time remaining in Q4 2017, is now expected in 2018"