Mission Ready Solutions Inc V.MRS.H

Contract $ 329,000,000 at 4% margin: 13,160,000 gross profit

[Hiddensecrets]

From this gross profit of $ 13,160,000 you have to take off some financing costs say 20% of it so amount of gross profit after financing is:  $ 10,528,000.   Then you have to account for salaries and general administrative expenses so net profit may be minimal. 

So while contract is big, the issue remains with MARGINS MARGINS MARGINS....and financing costs. 

This is my PERSONAL OPINION ONLY.

Other contingent:  contract is worth $ 329,000,000 however actual buying might be alot less. 

Good Luck,

[Snowdrift]

It looks to me like you're shorting this stock and you're petrified of how high it's going to go.

[Jolleygreen3]

where do you get 4 percent matgins?

[Moemoney42]

You notice he/she didn't come back to answer you're question..!! Probably because its BS..!

[Howlingpack]

Using most recent financials, we can guess at a range of  6.8% to 7.5% gross margins. Q2 2020 Financial Summary (expressed in CAD unless otherwise indicated) – Record 3-month sales revenues – $27.21 million, and gross profit of $2.05 million, for the three months ended June 30, 2020; – Record six-month sales revenues – $42.30 million, and gross profit of $2.86 million, for the six

[janothemano]

Sorry is that 329 million USD ?????? So like 450 million CAD lol can't find anything ever on the venture exchange in my memory like this .... Must be fake

[TriumphSpitSix]

DLA amounts are in USD, so yeah, $324.3M USD would be ~$427M CAD. Do you really think someone is able to (or would) spoof the US Department of Defense website just to publish fake contract awards? Ummmm, k.

[Moemoney42]

So if we were to use an average of 7% and convert to CDN $ you could approx. ~31 million gross profit if the max. contract is utilized.. not bad for a penny stock if you ask me..! ;-)

[Jolleygreen3]

7.5 % is what I was thinking....4% seemed low so I asked for clarification o thinking. Thanks