TSXV:MRS.H - Post by User
Post by
robmilleron Aug 04, 2019 11:34pm
83 Views
Post# 29993620
I'm pretty sure they are talking about PTF here!!!
I'm pretty sure they are talking about PTF here!!!A order came into PTF unexpectlt and they need the finances
to follow thru!The $20 mill credit line is for unifire only IMO!
"
"The Company intends to use the proceeds of the Private Placement to begin funding certain purchase orders internally (thereby reducing capital costs while improving order-flow efficiencies), to finalize the implementation of a scalable enterprise resource planning solution for enhanced internal reporting and asset management capabilities, and for general working capital.
Read more at https://stockhouse.com/news/press-releases/2019/07/08/mission-ready-announces-cad-3-5-million-private-placement#"
So needing onlyt $3.5 mill to del a $7.5 mill contract that
is huge margins IMO!!
"New Contract Awards
Mission Ready, through its wholly-owned subsidiaries, Unifire, Inc. (“Unifire”) and Protect The Force Manufacturing Inc. (“PTFM”), has received approximately CAD $7.5 Million in new Awards since its July 4, 2019 sales announcement, bringing the value of Awards received since the beginning of the second quarter of 2019 to approximately CAD$47,500,000. These Awards include an order of PTFM Modular Plate Carriers – from the United States Air Force – to be delivered on or before September 30, 2019.: