Mikros Systems Corp. (fka MKRS)

[NedBraden]

The results are unremarkable based on the announced contracts and the selling is understandable from my view point based on the numbers.

I was not happy to learn of the son-in-law relationship of the new President with Meaney. I wish this would have been disclosed when they initially announced his hiring. It reeks of Meaney running MKRS as his private family owned company and I worry about key personnel leaving over the nepotism.

However, as I am a glutton for believing in the Pot of Gold at the end of the MKRS rainbow investing thesis, this statement from the Press Release will keep me here for a while longer..

We believe that commercial opportunities represent a vast and relatively untapped market for us to substantially increase our business over the next 12 to 24 months and we will continue to invest engineering, marketing and other resources to execute this strategic initiative.”

I would sell if not for this statement or at least start reducing my position.