Mission Ready Solutions Inc (MRS)

[MisterInvestorGuy]

how can you not like this company?! I just read their 2021 financial results and it's looking great! $MRS

[pegcitygreen]

I've got a buy in for a few shares on Monday.

[ernie44]

where have all the buyers gone

[ernie44]

?????????????????

[Happycoins]

$$$

[Happycoins]

Unifire wants to go public so they are merging with mission ready MRS to be a publicly traded company to be able to expand in this
Multi billion dollar market.
Very smart move once they open the books to the tsx for approval this stock is going to explode.
My advice is if you loaded up hold off on flipping for a penny or two or you very well could be on the sidelines.

[Happycoins]

Away we go !!!
All aboard !!

[Happycoins]

Take off has begun pick up shares at .18
Last week .
This stock is under the radar for most investors.
Got to love it.
Cheap shares for me...
For a
Limited time only....

[Happycoins]

MRS is about to run hang tight...

[Happycoins]

Still loading as the old investors cash out

[Happycoins]

Loading the boat grabbed over 30k
of shares in the .19 to .205 range
holding tight and adding more when I can.

[Happycoins]

Protective wear all made in America

[Happycoins]

Waiting for contracts to hit the news wire

[Happycoins]

Mission Ready trades again Feb 14th

[Mae01]

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[Diogenes of Sinope]

MRS—Looking fine—GLTA!

[Diogenes of Sinope]

MRS—I loaded at .19-.20 less than two weeks ago.

Glad I did—GLTA!

[nowwhat2]

What the.....?




A Vancouver company ?.....Why, that seems impossible !....


Excellent post of yours' there by the way - Thanks for the information.

.

[easyme]

Obviously nobody's reading company news. Deals are happening.

MRS!

[KingMidasAu]

Big day coming here,$1.80 valuation with receipt of first payment and more contracts lining up to be signed.Mega dollars coming. $MRS

Mission Ready Services: Bought Shares On $400 Million Deal With U.S. Military

Mission Ready Services (MRS) announced a distribution agreement to supply its products to a foreign military, with all signs pointing to that foreign military being the United States.

The Material Terms of the Agreement include:
Minimum Purchases (USD): Year 1 (2018), $50MM; Year 2 (2019), $50MM; Year 3 (2020), $100MM; Year 4 (2021), $100MM; Year 5 (2022), $100MM.
Advance Payments: Distributor agrees to pay Mission Ready (the “Manufacturer”) a down payment equal to forty percent (40%) of the purchase order amount within 10-days of submitting the purchase order.
Exclusivity: Manufacturer appoints Distributor, on an exclusive basis, as its sole distributor for the defined territory.
The total minimum guaranteed amount for this contract is $400 million over the next 5 years. The press release implies that the contract will start in 2018 but the material change report shows that the first $50 million could occur any time between now and the end of 2018. This is the largest deal I have ever seen relative to market cap in the Canadian junior world. While it's portrayed as something much more definite than an LOI, the caveat is that the anonymous distributor (possibly Federal Resources Supply Company, a distributor that MRS signed an agreement with in Q2 2017) isn't subject to a very strict punishment for not adhering to the minimum purchase volumes. Once the purchase order comes and the 40% down payment is sent to MRS, that's when we can be assured of the distributor's dedication to this deal.

With that being said, the risk-to-reward trade off from this deal is way out of whack. At 20 cents, the fully diluted market cap (~127M shares) is $25 million CAD. As soon as the stock opened yesterday at 11:30 I bought 200,000 shares with the intent to ride it for a short period of time since I thought it would take off. Instead the stock pulled back to 16 cents which allowed me to load up, really load up. That includes clearing out my U.S. account (well not DGLT) and using credit card debt. Not something that I wanted to do but when I was given this opportunity I took it. The pullback could be from profit takers as well as a significant amount of warrants at the 15 cent level. I get it. I was lambasted for selling a few hundred thousand of my six million shares/warrants of PKK when it hit 20 cents before buying that all back and then some as it seeped back down. So I won't fault others for taking huge profits. If you own a stock that is 10% of your portfolio and it suddenly triples, it has grown to become 25% of your portfolio. Selling parts of your holdings isn't being a weak hand, it's showing prudent portfolio management. The 30M+ volume on the sell side allowed me to become a participant in the 30M+ of the volume on the buy side relatively easily and at good prices. I thank the sellers.

I'd like to share a relevant link:

https://www.defense.gov/News/Contracts/

This is the U.S. Department of Defense contract announcement page. I have skimmed through the contract announcements over the past couple of days and haven't seen anything that could match the terms of the contract as announced by MRS. It's tricky though, as the contract name could be awarded to the anonymous distributor and it will likely be for more than $400M as that is only the cut to MRS as the role of manufacturer. The announcement might still be to come. So investors should keep their eyes peeled and also have a look at the contract announcements over the past several days. The search function on the site is completely useless. So several more pairs of eyes might pick up something that I missed. It also means that I won't have to scour the website - delegation of tasks to other shareholders with a large stake in this stock.

I'm certainly not suggesting that the contract is bogus. I wouldn't load up if I thought it was, plus with the day long halt the Venture Exchange likely went through this deal quite carefully. The company has undertaken steps to put all its resources into fulfilling this deal, namely reneging on the Wild Things acquisition. But if this contract does show up on the DoD website that would be a huge boost to its credibility and basically assure us that the minimum threshold will be met. After all, if the distributor can sign a deal for $400 million plus markup with the U.S. Government, why wouldn't they fulfill their duty to MRS? That would be throwing away middle-man profits. MRS is the one sacked with the tough job of actually producing the goods.

Speaking of tough jobs, one of the prime causes for the stock not immediately spiking over 50 cents is likely the market's worry that MRS is going to have to finance through equity to garner some cash to fulfill its end of the deal. I don't share this view, particularly by reading this paragraph in the release:

"MediaTech Capital Partner’s Porter Bibb, who recently partnered with Mission Ready (see Company’s news release dated August 2, 2017), states, “Mission Ready’s impressive new management team has delivered on its promise to put Mission Ready on a fast track to rapid growth and significant profitability as a market leader in the burgeoning military and public safety tactical equipment sector.” MediaTech will assist the Company with obtaining bridge loan capital for raw materials, as required, and will help to facilitate the rapid expansion of the Company’s manufacturing and sales divisions."

It explicitly states that MediaTech and MRS will seek to obtain bridge loan financing. It makes sense to go with PO financing rather than equity with the new stage the company is about to enter as a major manufacturer. If equity financing is needed at a large scale (small financing for working capital requirements is acceptable) then the company and its capital partner completely dropped the ball on this one. Military spending is about as safe of an industry as you can be in with the current political climate in the Unites States. Interest rates are still very low in historical terms and the stock market is high. There should be firms lining up to finance this deal, seeking some alpha return on an investment that should result in an 8-12% coupon for a bridge loan.

Valuation

How much is MRS worth right now? Not the easiest question to answer at this early stage but I think most people will answer "far higher than a $25 million market cap". The company hasn't given any EBITDA guidance on this deal yet so I think the most straightforward method to use is a revenue multiplier. Axon Enterprise, Inc. (AAXN), formerly Taser, is the first company that I can think of that manufacturers equipment for the law enforcement and defense industry. It has a Price/Sales ratio of 3.7x.

If we were to apply that 3.7x revenue multiple to the $50 million in revenue guaranteed by that contract in 2018, that would be a $185 million valuation or about $1.45 per fully diluted share US, which translates to to about $1.80 CAD. Now obviously there are a couple of issues with comparing AAXN's already existing revenue to MRS' supposed future revenue stream:
AAXN's revenue is multiple is based on past, audited results. The MRS contract is not yet 100% guaranteed.
AAXN is profitable at its current level of revenue. We don't know the gross margins on the MRS contract nor if this will be enough to get the company to profitability.
AAXN has an existing manufacturing process that can handle large volumes. MRS has yet to prove that it can do this (though it looks like the company brought in new CEO Jeff Schwartz specifically to tackle this issue).
There are also a couple of advantages:
We know that the revenue stream on this deal will double by 2021. AAXN will be challenged to double revenue by then.
This is just one contract and the $50 million is referred to as a minimum commitment. The revenue stream from this contract will be added to the existing marginal revenue stream as well as any other contracts signed in the near future. Revenue could be substantially higher than $50 million in 2018.
Rather than saying that MRS is definitely worth X price, I'll look at it from the perspective of how big of a discount the market is valuing MRS relative to AAXN and where I think it should be. If $1.80 is the price MRS is assuming all goes well with the contract, the manufacturing and the financial audit between now and 18 months from now, $0.20 means that the market is giving an 89% discount. That means it is giving MRS an 11% chance of success (or say, a 22% chance of getting half way there). I personally think that's way too low.

What's a reasonable target price in my opinion? Well, $0.50 is a nice round number that has a realistic shot based on MRS' current breakout and that would imply about a 28% chance of success. I think if everyone looks at it from this perspective, they'll figure out a comfortable level in which to take profits. That doesn't mean I would dump all my shares at exactly 50 cents nor would I recommend anyone else do that.

Offloading small lots from 25 to 75 cents would result in the same 50 cent average sell price and provide an opportunity to trade spikes and dips. You can never accurately predict when to sell or what will happen. Just look at DGLT as an example. Had I not starting selling in lots between $0.75 and $1.00 I'd be stuck with 100% of my money in a stock that has been halted for three weeks, even if I am technically up over 300%. At least in that case I recovered my original investment and then some and whatever ends up happening to that stock is gravy.

Final Note

Not only do I think MRS will move up, I think for the health of the Venture Exchange, it HAS to move up. If we can't make money trading a $25 million CAD market cap stock that has just signed a $400 million US contract to provide protective gear to the U.S. military, what chance do we have to make money on PKK, FGD, PEEK or any other stock not being chased by weed dreamers? This contract is the Holy Grail for junior investors. There are stocks on the NASDAQ with 5 to 10 times the market cap that would double if they announced a $400 million contract with the United States military. MRS should make all of us good money. If it doesn't, this market is completely broken.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.mrs&postid=26670451#7Hc6LcUoQWHWwfAH.99

[6of1]

Huge potential. Sell on news in effect.Looking to get in on any pullback.

[atomicnumber31]

3-4 Billion Market for Body Armour...


http://www.army-technology.com/features/feature-protection-racket-military-body-armour-business-booming/

Compared with many other military sectors, the body armour market has historically been one of the most consistent. A new Strategic Defence Intelligence report, "The Global Body Armour and Personal Protection Market 2013-2023", confirms this, showing worldwide demand is set to grow slowly but steadily in the next ten years.

According to the report, the market is expected to be worth US$2.4bn in 2013 and to increase to US$3.7bn by 2023, representing a compound annual growth rate of 4.58% during the forecast period.

Although the growth may be dependable over time, an unprecedented set of circumstances is conspiring to upset the apple cart. The US military, which has the biggest budget in the world, is by far and away the biggest customer for body armour, and is expected to account for 40.9% of the global market in the next decade.

Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.mrs&postid=25498008#SaS9DEbWdwIMk8Cx.99

[atomicnumber31]

AWESOME ....US Marine Corp no small deal...

[CansoSpaceMan]

NEWS!!!

MISSION READY NEWS RELEASE
Mission Ready’s Protect The Force Develops the US Marines Next Generation Ballistic Base Layer

VANCOUVER, B.C. – November 22, 2016 – Mission Ready Services Inc. ("Mission Ready" or the “Company”) (TSX-V : MRS) is pleased to announce the successful completion of the Marines Next Generation Body Armor development project (the “Project”) for the United States Marine Corps (“USMC”). Following a contract award by the Marine Corps Systems Command (“MARSYSCOM”), the Project was completed on schedule and under budget.

Managed by Francisco Martinez, Chief Technical Officer of Protect The Force (“PTF”), a wholly-owned subsidiary of the Company, the two year Project was funded through the Department of the Navy ("DoN") Office of Naval Research ("ONR") Rapid Innovation Fund ("RIF"), the revolutionary combat shirt, the Ballistic Base Layer (“BBL”), is now being readied for field deployment in keeping with the RIF objective to accelerate fielding of innovative technologies into military systems.

Mr. Martinez states, “The Marines Next Generation Body Armor is a Marine-unique development that integrates a number of life saving features. The BBL is a First-of-a-Kind protective combat shirt, specifically tailored to the Marine Corps equipment requirements, that addresses deficiencies identified by injuries recorded through Operation Iraqi Freedom and Operation Enduring Freedom. PTF is honored to have been selected by ONR and MARCORSYSCOM to develop the Ballistic Base Layer.”

The BBL is a revolutionary armored shirt worn under the Marines Body Armor Vest that integrates modular deltoid, yoke and collar protection into an athletic flame resistant combat shirt. Newly developed breathable fragment protective knits were integrated into the sleeves and lower torso for additional protection against fragments resulting from Improvised Explosive Device (IED) detonations.

The Marines Product Manager Clothing Infantry Equipment (“PdM ICE”) was the recipient of 100+ prototypes of the BBL and 6 additional prototypes with integrated micro climate cooling tubes.

Mr. Martinez further states, “The PM-ICE technical staff and all the contracting groups supporting the effort were a delight to work with and we are honored to have received their input and support. We look forward to working with the Marines PdM ICE as the requirements for the BBL are finalized and the item is fielded. Additionally, we wish to thank all of our employees, contractors, subcontractors and suppliers for their support in successfully developing the Marines Next Generation Ballistic Base Layer and look forward to continue working with them."





About MCSC & PdM ICE

Marine Corps Systems Command serves as the Department of the Navy's systems command for Marine Corps ground weapon and information technology system programs in order to equip and sustain Marine forces with full-spectrum, current and future expeditionary and crisis response capabilities.

Product Manager Infantry Combat Equipment is a dedicated and proactive team, which ensures all Marines are equipped with the best available material solutions to meet validated requirements, by developing, fielding, and sustaining infantry combat equipment to enhance the performance, capability, survivability, and mobility of Marines.

About Mission Ready

MRSI's mission is to save lives and enhance the performance of military personnel, first responders, and those who protect us by working to ensure they are equipped with the best possible personal protective equipment.

Headquartered in Vancouver, BC, MRSI has three distinct, synergistic operating divisions:

Strategic consulting services and manufacturers representation
Equipment inspection, cleaning/decontamination and repair services of personal protection equipment
Product research and development

MRSI's management team offers over 100 years of combined industry experience and is composed of industry experts in developing products, contracting, and selling to the federal government, first responders and tactical markets through open market procurements, teaming arrangements, and a variety of federal contract tools.

For further information, visit the Company's website at MissionReady.ca or contact:

Terry Nixon - Director, Corporate Communications

Telephone: [phone]

Mission Ready Services Inc.

(signed “Rod Reum”)

Rod Reum,

President & CEO

This news release contains "forward-looking information" within the meaning of applicable Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as "anticipate", "believe", "plan", "expect", "intend", "estimate", "forecast", "project", "budget", "schedule", "may", "will", "could", "might", "should" or variations of such words or similar words or expressions. Forward-looking information is based on reasonable assumptions that have been made by Mission Ready Services Inc. as at the date of such information and is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Mission Ready Services Inc. to be materially different from those expressed or implied by such forward-looking information.

Forward-looking statements are based on assumptions management believes to be reasonable. Although Mission Ready Services Inc. has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Accordingly, readers should not place undue reliance on forward-looking information. Mission Ready Services Inc. does not undertake to update any forward-looking information that is included herein, except in accordance with applicable securities laws.

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

VIEW NEWS RELEASE ONLINE AT MISSIONREADY.CA