TSXV:MRS.H - Post by User
Comment by
AuntiePennyon Jul 25, 2018 11:47am
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Post# 28364972
RE:RE:IF HALT IS FOR CHECK FOR PO, THEN NEWS MONDAY JULY 30TH
RE:RE:IF HALT IS FOR CHECK FOR PO, THEN NEWS MONDAY JULY 30THDMoneyfosure wrote: what do you think the stock price will be if it is the P.O
Depends on how big the PO is. The contract is for minimum PO's within given times. The 1st PO may be for only $5 million or it may be for $200 million. There is no reason for the 1st PO to be $50 million.
"The Agreement includes annual minimum purchase volumes – USD$50MM for 2017 through December 31, 2018 – which must be met in order for certain Distributor provisions to remain in effect" It's
possible (many, many possible variations) it will go something like this: If the 1st PO is for $5 million the stock will probably go down because we'll be disappointed and then recover as we realize the distributor has got things moving. If it's for $100 million we'll open at $1.00+ and go higher.
Like that. But no chance exactly like that.