TSXV:MRS.H - Post by User
Post by
SchiffKnowsBeston Jan 28, 2021 5:27pm
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Post# 32414494
TOP 6 REASONS I THINK WE ARE GOING TO BE TAKEN OUT
TOP 6 REASONS I THINK WE ARE GOING TO BE TAKEN OUTReminds me back of my days in Galway Resources [GWY]. I sat on that bad boy for years until the takeover finally took place. The similarities between Galway Resources and Mission Ready are striking:
1) Dead silence in regards to news. Too quiet. Yes, "material" news needs to be released but what is deemed as "material" or everyday course of business is rather merky. Usually we see this when negotiations are underway or until an agreed date when things can be announced. Yes, this is naturally a slower time for business, and the US government is in transition but this is too quiet.
2) Large volume without any real reason. We of course are seeing that.
3) Regulators refusing to step-in. Maybe because a deal is in the works and this then prevents disclosure?
4) Litigation....Back with Galway Resources there was litigation towards them about their land package....This was used to bring pressure to the share price and thus result in a better deal for the acquirer.....Doesn't that sound familiar? MRS dropped to as low as 3.5 cents a year ago based on the litigation threat. This then buys the acquirer the time to do the required DD and negotiate.
5) Large insider ownership. This speaks for itself.
6) When news is actually released, it's downplayed, and or released at odd times. Usually this is requested by the acquirer to try and ensure they are the only cook in the kitchen.
For all these reasons, I feel we are on the brink of being taken out. I may be wrong, but we shall see. I hope I hear a chicken.