TSXV:MRS.H - Post by User
Comment by
Ermotton Nov 29, 2019 10:35pm
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Post# 30407984
RE:Growing Pains - Think of Apple or Amazon - Almost bankrupt
RE:Growing Pains - Think of Apple or Amazon - Almost bankruptWhy do the lenders keep forking over the money when they probably know it'll turn into a train wreck? Probably three reasons. They are the only ones making any money from this enterprise from interest rates, they know MRS can keep doing PP's because it's a public company ( probably the only reason they agreed to fund MRS and the reason unifire merged) and lastly the DLA always pays the vendor. So they have their assses covered, the management can keep it going as long as the public forks over money to keep paying for the operational side and the creditor sucks up all the extra cash through interest payments. Jmho