TSXV:MRS.H - Post by User
Comment by
ScarletSpideron Jun 18, 2020 1:25am
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Post# 31163395
RE:RE:RE:RE:RE:RE:No mention of PTF??
RE:RE:RE:RE:RE:RE:No mention of PTF??Thank you so much mollyriley,
I am truly humbled. Beyond killing companies shorting is disgusting because all of our shares that are held by brokers are being used for rent and they are the ones making the monies not the actual owners of the stocks that is just simply not ethical although 100 percent legal. This is not to say that the whole spirit behind stocks is for companies who have a vision to raise capital to grow it and do something that fills a need which theoretically will employ people directly as office workers/staff, researchers, financial people within the company, a corporate lawyer and then indirectly whoever manufacturers, distributors etc. which may or may not be local so it creates local business and drives the economy and the reason when people gamble in stocks that only half of what they earn unless their holdings are in tfsas are not taxed in Canada (I should note what i was told anything held in the Canadian Tax Free Accounts and i believe RRSP's and the like are not shorted if i am remembering correctly TFSA for sure). And by the looks of it the highest tax bracket from my past calculations looks to be at the most about 25 % of the overall earned revenue will be taxed. So let's assume that someone is in the highest tax bracket it isn't quite 50% in Canada from my recollection it is 46.6 or something but let's say 50% so you have 50% at highest on half your stock earnings so half of a half is a quarter--which if people gamble they are given this benefit for helping to create and drive economies.
Now if businesses are to succeed and be fully and propery capitalized you can't go about shorting the share value where they can't raise capital without overdiluting and putting a strangle hold on them to perform fast when it does take time. that being said, the regulators and Exchanges need to make sure that the companies are actually legitimate not shams and those who have no intention on doing anything putting up bs things and don't care about them. Nevertheless, that is why the rules are there and if they are not followed the real careless people get caught and hit with cease trade orders--so i got hit with one company that was said to be overpromotional so be careful--if people are not selling anything and state they will produce x quantities without proving it and if they catch the regulators' eyes they will get nailed. Mwm got nailed for overpromoting and was on a cease trade order since around May 27--but should by the looks of it resume trading tomorrow. The company claimed that they are producing 100 k pieces of ppe when in fact the company hasn't but acquired a private company that was supposed to move to a local facilities but there was no release saying that had happened so people need to be careful. it should have been qualified that upon Mwm's completion and final agreement of acquiring Covid Technologies the wholly owned subsidiary will be relocated to the Delta branch where it is expected that Covid will produce 100k pieces of ppe equipment when it has successfully ramped up--this is saying that there are no sales yet, that the process needs to be fully without any hitches and when working properly will reach the 100k quantity. The company didn't write things quite like this but they did say that Covid would be moving to the company's local facilities. The other problem is that in part of a release it was stated that there was a big client but nothing was shown to be in the production process--so even if there is a client who has placed orders that should be qualified more or less saying what this company is saying that there are limited quantity orders and upon successfully completing them at the clients option whatever the case may be. There were other things apparently on the Covid website that BC securities was stated to be overpromoting. The big problem that i heard was that the Founder of Covid was seen giving interviews promoting and saying what they are doing (vs what they are trying to do) and that too in the ppe market where there is a super huge need and then being visiable and not filling the orders drew the ire of the regulators--very stupid if you ask me--especially for Mwm who should have been able to oversee this and not let it happen so i have to be careful when reading peoples' press releases and avoid them but if i have shares there when they go up take profit otherwise risk cease trade orders--so be careful when you read press releases if they are hokey pokey think carefully if you want to take a position because if you do you are playing Russian roulette.
this is why I strongly believe this company has been very careful in giving information and has stated more information to follow when there is something of significance to report. take the news release with having a year contract with the major transportation provider we have no idea about contract worth, limited purchases, nothing in terms of specifics other than for sanitizers etc. with the company saying as mentioned they will let us know as developments continue. Speaking of sanitizers and cleaning not sure if others saw in the management discussion and analysis that the company is getting out of this part of the business-sanitizing and cleaning to focus on other what without a doubt will be more profitable.
In any case, let's see where things go with this one--i am basing my assessment on what the company is showing me--100 million plus in contracts that was one thing i said, the other was ok let's see what in fact gets booked and we have seen "AUDITED" 27 million plus of that--and yeah look where this is trading and what stockmoves stated so i have been right all along this has been manipulated. i don't call manipulation unless it mathematically is showing it--anything that doesn't even trade at revenue is just being pulled down this made 27 million booked revenue last year why should this not at the very least trade around .135 that is actually on rounded 200 million fully outstanding i am not even looking at outstanding if there are escrowed shares and it is really 188 million so the amount would be more than .135 actually would actually be .14136 on 188 million fully diluted i can't remember if we have any shares escrow or if we are fully diluted but if escrowed then i take the outstanding and then divide revenue to shares and if we want a range we can take less the escrows being top price and fully diluted as bottom that would be the fair range on stated revenue, but as i have been saying if stocks are projecting potential using 27 million is not potential as we know it is 100 million plus but how much is fair well i would say no less than 50% 50 million or .25 that is the very bottom i would call fair at this point but i have said it should be on par of 100 million whatever is the excess is the excess whatever so that would be .50 but as i said before whatever we will see that this year no way we shouldn't unless we don't see booked revenue--and of course the contracts start drying so far no evidence for either and shouldn't be when you are in a business that is high in need of ppe.
I will leave it at that--it has gotten very long.
will be interesting when things start to reflect the more just prices--let's see if it hits it before Christmas that way people can smile!