RE:RE:RE:Could we see $0.40 next week ?I tend to agree freedom45. The catalyst for many who jumped on board was the massive set of contracts. Many are short term, but no doubt many are middle to longer term which should allow this to continue to run, perhaps not without periodic pulls backs which is healthy.
I say this as there is so much in the pipeline which as they materialize will continue the interest.
The FEMA extension of 12mil is just around the corner. That said, it could be presumed that our performance on this assisted in us winning these massive contracts as price alone is not the only selection criteria.
Getting news from LYFT is also on the horizon, as to when, it is up to them to give us the go ahead. As they have indicated, it will happen once they get all their drivers made aware. With over a million, it takes time as it is not their only challenge no doubt.
NOTE : All these PPE contracts I touched on IMO demontrate the ability of the MRS leadership to adjust/react/win. Very encouraging moving forward as, unfortunately COVID will be with us for some time and these massive new contracts will certainly have a shot at reaching their maximums and should we perform as we have, gain renewals as they are/should they be needed.
Other notables :
A new CEO is currently being sought. In the interim, Spider Marks is one heck of a temp. who will remain on the BOD as will Jeff. An impressive BOD with so much military background/connections.
The PTF website got a facelift. PTF renewed their DUNS/CAGE codes to allowing them to work with gov. agencies.
We are entering the busier times with respect to the 4bil SOE, where a little hint of things beginning to pick up (a $400K deal) within the last couple of weeks (on FPDS)
The pending court case of course is also another which should it rule in our favour will launch this even more.
When stepping back and looking at the big picture, and given this is a Venture Co., with approx. $550-600mil CAD$ potentially over the next 12 months (if we reach the max on these new ones), which will put us cash flow positive, their NR stating that margins are effectively in line with past numbers, the relatively recent $8mil arrangement (LOC), it becomes difficult to find a negative when wanting to add a penny play to your portfolio. Stating the obvious with the volume we seen of course.
Finally, as with any penny play, there are the nay-sayers, which is fine/normal/provides balance in discussion.
Reasonable folk will take it all in, separate the known facts and potential (be it positive or negative) from the misguided, invalid, agenda based commentary.
GLTA. Cheers.