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Bullboard - Stock Discussion Forum Mission Ready Solutions Inc V.MRS.H

Alternate Symbol(s):  MSNVF

Mission Ready Solutions Inc. specializes in providing government contracting solutions through its wholly owned subsidiary, Unifire, Inc. (Unifire) Unifire is a small business and an industry manufacturer and distributor fire, military, emergency, and law enforcement products. It has two business segments in the global defense, security, and first-responder markets: consulting and manufacturer... see more

TSXV:MRS.H - Post Discussion

Mission Ready Solutions Inc > more like a safe guard than a lawsuit
View:
Post by Checkout on Feb 27, 2023 10:54am

more like a safe guard than a lawsuit

We received a loan from Northwest Bank in December of 2021 with very favorable terms for us, resulting in a technically unsecured loan for the bank.

This court filing simply reflects common procedures for banks to create a paper trail that will help safeguard their ability to receive repayment when the Company is awarded outstanding contracts and/or secures additional recurring revenues.
Comment by Expos44 on Mar 02, 2023 6:40am
I tend to agree with IR comments on this.  IMO if this was anything more, it would certainly be considered material news which would require a NR to shareholders.  Cheers
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