TSXV:MRS.H - Post by User
Comment by
ScarletSpideron May 12, 2022 11:33am
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Post# 34677971
RE:newsletter
RE:newsletter
in a nutshell the company has been in touch with the UN to help with the Ukraine crisis. They are in discussions with original equipment manufacturers and are looking to increase its manufacturing production as the company mentioned over the past year. The newsletter strangely near finishes with Mark Spider stating that due to personal circumstances he sold some shares but because he is very optimistic in the company's near and long term outlook he also found other means to finance his obligations to conserve what he has and looks to rebuild on. This was a strange thing to include but I guess it is a pre emotive answer if people look at the inside reports and see any management selling their position. The company looks to be making excellent progress even if the share value constantly fails to reflect it. I am happy with the company's ongoing efforts and evolution it will inevitably hit way higher gross profit margins as it has truly paid its dues and deserves it. The working capital of 22 or so million is really good to see at least it has a bit of a cushion to keep moving forward with as little financing as possible. Really a matter of when not if....still severely undervalued.