TSXV:MRS.H - Post by User
Post by
ScarletSpideron Feb 25, 2022 7:39am
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Post# 34460690
I'm not the least bit surprised about the share value here
I'm not the least bit surprised about the share value herebut i would be if we were trading where we should be. I have no bones to pick about things and I will reiterate one more time this should not be trading less than $3-$5 period! People have continued to heavily manipulate the share down. Until that manipulation is fully fiinished off at these low levels what do people think the share value will be? Like I said if this was trading remotely fairly it should be no less than around $1.20 we are not even a fraction of that.
So here we have a company that is supplying mass amounts of ppe during the pandemic with ever increasing revenue and nothing to show for it--not to mention at least two of the last quarters being EBITDA positive which is no small feat. We all know what is going on here if what posters in the past have been saying which is foul play from people in power as well as those who may be looking to damage publicly traded shares for their purposes.
Until such time that the company keeps building its story and gaining more and more people who love the story and want to hold shares longer term the share value is where it is.
When this had risen to .45 still nowhere close to fmv the case and so called skeletons came out and people had put a justification of low value based on the value of which the case was settled? Well ok if that is how people want to value the shares????
In any case, I will maintain it is all about the balance sheet is it going up or down? I don't care about the comments that have slammed my assessments I had given the reasons behind them. Is this as I am still saying a $600 million to $1billion company well i don't know? We are not even trading as I said in the past dollar for dollar as to the revenue that was pulled in. If people remember why i even said that then is my assessment wrong. This is trading less than 1/4 of the minimal fair market value as far as I am concerned.
You have booked revenue in access of $233 million i lost count and stopped bothering given how stupid things are here so the reason was if this isn't even trading at revenue booked value and stocks are forward projecting no surprise it isn't even trading above that the way it should be. People keep talking about 2 and 5 times the projection shiate we aren't even trading at booked revenue value. Having said that yes 2 to 5 times is not much and when I was researching things that is modest compared to others in this class that is trading at 9 times and yet here we are pissing around less than the very low end fair market value.
Am I surprised not at all. Let's see what happens when this gets a good chunk of the ballistic combat shirt contracts as well as more after that. All this bull shiate will hopefully happen in the dollar ranges if at all--ideally it will all be done with so that these can be properly valued on a forward looking basis. This has been an absolute joke as far as I am concerned and I don't blame the current management for it at all as it has been doing everything it can to build and grow the story. It may still take a bit of time yet.
Too many still trying to pull this down. I can't wait for the shares to be taken out of their hands and all the bombs starting to fly to explode the share value closer to where it should be. Quite the shame though oh well that has been the price to hold this longer term and I for one will make my decision on all my holdings whether i will pull some chunks out and take some monies out and have free cash to keep working things shorter term while holding the rest for longer term appreciation.
Time will tell where these go but I do expect in the multiple dollars at some point this year. $1.80 is a fart in the wind price not going to say who posted it but that will fall at some point! Can this be as I said a $2 billion stock--well yes providing that more properity stuff get sold and there is a fairer forward looking outcome. But I did say the gross profit needs to hit 20-40 percent and i even put it 30-40 with the same type of revenue this has been getting in terms of procurring and sourcing things which i was surprised it achieved EBITDA positive doing so as I said that is no easy feat to do and too bad this has been pissed on for doing so. Again look at the growth 2017 13 million revenue 2018 12 million revenue 2019 25 million revenue 2020 105 million 2021 what was it 233 million plus???
For this to be trading this low is criminal actually. Anyways it is what it is and i see way better days and prices for this stock as I see that the company is progressing steadily in getting stronger hands and that at least the share price is somewhat around the .30 range which is still extremely low But way better than falling to .20 or less. That said it needs to advance properly and ironically speaking despite covid and this stupid conflict which is absolutely horrible the share value is pissing where it is. Am I surprised not at all if in areas where it is supplying huge quantities of stuff and can't get to a fair share value what is there to be surprised of the ongoing low share value 0!!! I would be if we actually saw a fair bottom line share value at this point let alone it advancing as other stocks typically do making forward projections.
In any case, time will tell all things and I will need to figure out whether i keep holding in entirety or sell off a quarter a position in all that i hold and just trade to build wealth. a drop of 16.5 from .45 not at all warranted lawsuit or not but had people traded out and bought back that is how I will start doing things if it comes down to that. Enough of all the other bull shiate that is constantly going on with stocks that have not appreciated where they should and then get pummeled way too much to the downside time for me to take a look at this and do what I will need to do now which is trade aggressively with some shares despite what i have made in fair assessments.