TSXV:MRS.H - Post by User
Comment by
breakaway71on Sep 08, 2018 9:50pm
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Post# 28585564
RE:RE:RE:RE:RE:RE:Casual observer here
RE:RE:RE:RE:RE:RE:Casual observer herepredawn wrote: LOL all I said was surely someone somewhere could give a reasonable reason for the halt and so far none?? why?? Multi Millions tied up in useless shares with no end in sight Iam glad I cleared out many months ago;; this compamy is in my opinion done ;;;;;;;;;
Expos44 wrote: Why - really?...read NR.
Reason : Unifire
Not reason : PO(s) related to the 400mil foreign military. Licensing agreement as indicated in NR is/was being contemplated with distribution co.
As mentioned before, reverse triangular mergers (google it) takes the TSXV (typically) a few months to vet the submitted/requested documentation.
We we are roughly off the top of my head about 7 weeks halted...the halt that was requested my MRS.
One needs to reasonably assume that we may be just half way through the halt period...give or take....thus patience is a must regardless of intention.
The background of many senior staff, including the CEO have a military history and what comes with that is the ability to keep information under wraps. There may be very good reason for it which admittedly can frustrate some retail investors like us. What we should acknowledge by now if you have been in this or watching this for an extended period of time is that NRs simply to appease us will not occur until there is something what will impact stock price. That said, any deal they may be fortunate enough to finalize does NOT need to be immediately released as they are currently under halt. That said, it must be disclosed immediately following an unhalt.
My personal opinion on the last point is I would rather they do not disclose...let’s say hypothetically that a licensing deal is finalized....I am of the belief that we retail investors would get more bang for our buck if they sequenced them one after the other...others may disagree....
Forgot to mention, they may be under non-disclosure constraints....which would make sense given the military connection.
GLTA
If you were done then you would be gone. Let’s face it! You are upset you sold and now are hoping to high heavens MRS fails. Sorry for your loss!