TSXV:MRS.H - Post by User
Comment by
breakaway71on Jan 27, 2019 4:59pm
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Post# 29287121
RE:UNIFIRE is FINANCING MRS
RE:UNIFIRE is FINANCING MRSPoison
choices999 wrote: Has anyone noticed that MRS appears to be operating without any cash flow problems. In June 2018 they had $ 29K in the bank.
They have now operated 7 more months, they have hired 12 to 15 full time sewers, 1 material handler, 1 supervisor and 1 machine mechanic, these are all full time positions.
In addition PTF confirmed that orders are coming in, which means that they needed dollars for the material cost which is 40% more.
So it begs the question, who is giving MRS all this money?
My two cents: It is UNIFIRE that has agreed to loan MRS money until acquistion is done.
Where are the orders coming from.
My three cents: From Unifire dealers, they have 600 of them.
It appears that Unifire is aggressively working with MRS to get this deal done. They see that there is a huge market for Flex9Armor and No Contact Shield + an even bigger one for them with $ 20 million in credit line to bid on.
In the background there must also be a hostile buyer, could be ADS, that wants to acquire MRS hence long halt as a poison pill until acquisition is done, which then makes the combined entity much more powerful.
My personal opinion,
Poison pill? Really? You think this is why the hold up? You stupid Facck! I should put a hiit on your azz you misleading son of a biatch..