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I would think it is everyone's best interest if the stock price is as high as possible? Is that too simplistic a viewpoint? I also find it strange/troubling that we have not seen any decent sized insider purchases with the stock at such a low price. Tom Schaffnit owns 800k shares, so at least I'd think he has some incentive for the price to go higher??
Some news is better than no news...
http://www.nextgov.com/nextgov/ng_20120202_7234.php?oref=topnews
Navy expects first shipboard network installed by October
BY BOB BREWIN 02/02/2012
The Space and Naval Warfare Systems Command said it plans the first installation of its new shipboard network on a destroyer before the end of September, pending completion of an operational assessment of the system developed by Northrop Grumman Corp., which won the first iteration of the Consolidated Afloat Networks and Enterprise Services contract yesterday. The contract potentially is worth $637.8 million.
The assessment test, conducted in the SPAWAR engineering and certification laboratory, is needed to win Defense Department approval for production and deployment, a step in the acquisition process known as Milestone C.
SPAWAR said the initial delivery order to Northrop Grumman for $36.7 million also covers installation on another destroyer and an amphibious Landing Helicopter Dock in the USS Wasp class.
The command also said the Northrop Grumman contract covers limited deployment in 2012 and 2013, followed by a new competition for a full production contract with an award in the third quarter of fiscal 2013. This will be followed by a competition for an engineering support services contract slated for award in the first quarter of fiscal 2014.
Capt. D.J. LeGoff, the CANES program manager said, "the CANES acquisition strategy is built upon a foundation of competition throughout the program's life cycle." The competition between Northrop Grumman and Lockheed Martin Corp. for the first contact "achieved its purpose of being able to procure technically capable CANES systems at an affordable price."
CANES will be installed on 180 ships and submarines and in maritime operational centers by 2020, SPAWAR said. The Navy has 285 ships and submarines in the fleet today. The command did not respond to a query about when the other 95 vessels will be equipped with CANES.
Sudi Bruni, a Northrop Grumman spokeswoman, said Huntington Ingalls Industries will handle shipboard integration and installation for CANES. Installation costs are expected to account for about half the total value of the contract, LeGoff said.
Bruni said Northrop Grumman's small business partners on CANES include Atlas Technologies Inc., BBI International, Beatty and Co. Computing, CenterBeam Inc., Juno Technologies, Mikros Systems Corp. and Syzygy Technologies.
Cory Smith, a Lockheed Martin spokesman, said the company was disappointed with the award to Northrop Grumman: "We have requested a debrief to understand the Navy's position on this decision so that we may better serve them in the future."
Would like to see some consolidation of those 122m shares outstanding. Otherwise, upside share price potential is severely limited.
ok, so chump change then.
Is the 5,000 to 6,000 barrels a daily average or annual?
I find it very hard to believe that MKRS is not a takeover target for a larger defense contractor, something in the $50m range. Would be small peanuts for a larger company to absorb, would give the MKRS investors a fair return, and would give them immediate access to the avenues that ADEPT has created with the ability to expand it faster into a much larger application.
My concern is that those within MKRS are not doing enough to market the company like this to maximize its potential and also striking while the ADEPT iron is hot.
I'd like to know if MKRS has had any buyout discussions. Obviously they have some poison pill provisions in place but an offer of $50m I think would be very fair at this time. Otherwise the stock is not going to move back up above $1 on its own.
Good news on the financials. I doubt we'll see any immediate action since this stock is lightly followed. Only until these financial metrics start showing up on investor screens will people dig a little deeper and perhaps buy the stock. For now I think its just us core investors that will have to wait for an movement upwards.
I think we have to wait until end of March until they release their next one, which is the 10-K.
Meaney has at least 3.5m shares. I'd say he'd be wise to take something in the $2/share range. I feel that a bigger company would be able to extract much more value out of ADEPT than Mikros ever will be able to.
Agreed. Nice to see them emphasize that revenues were hugely improved. The problem is that net margin is only about 9%, which is way too low. Hopefully the next quarter will see economies of scale and profit margin will be significantly higher than Q3.
I think that is the only time we're going to get more exposure in the investment industry with MKRS. It'll have to show up on portfolio screens for people to discover it. It is too small of a company right now for the institutional side to get involved, and individual investors probably won't be able to impact a large shift upwards in share price.
I doubt there will be any material news. The only thing we'll see is how much revenue has been booked and its impact to net income. Once these additional revenue sources officially flow to the bottom line, we should see an uptick in interest in the stock, as it will start to appear on more stock screens that occur on the institutional side. There are too many microcap stocks out there to go through each one individually. When one of them shows a dramatic increase in some sort of financial metric, that is when investors will take a deeper look into the story.
(yawn)...looks like we'll have to wait until the next 10Q to see a real increase in revenue...that'll be in mid-August
10-Q through March 31 should be coming out next week. Think we'll see them book some ADEPT revenue? This stock is going to move until the financial statements reflect actual revenue and the stock starts to show up on investor stock screeners. For OTC's of this size, investors tend to look more into stocks that have financials that get them interested first, then do more DD on the company itself. Once someone sees an increase in revenue of something like 75%, then they will want to learn more about what is going on with MKRS. So hopefully we'll see a pop in revenues with this next 10Q.
Appreciate the info and I'm very doubtful we'll get an order announcement before 10/15. I just want MKRS to be upfront with what we should expect and if they are not going to follow through with their previously announced expected orders, then I'd like to know. Although that probably won't happen until the 11th hour on Oct. 15th.
any ADEPT info on there? if not, who cares?
Hopefully these little trades at the bid are slowly weeding out all of the weak shareholders.
If they could announce an order for $3-$4 million then I'm sure we'd see a pop in the stock. C'mon, just get back up above $1!!!
I say this tongue in cheek, but if MKRS has success and the stock price didn't reflect it, then it would make perfect sense for them to issue a dividend, mainly because it would reward insiders who own a lot of shares. Common sense tells me that eventually the stock will reflect all of the positive potential developments that MKRS has going for it, but who knows? I'm still optimistic, but realize that it might not be until late 2009 until we see the stock near its previous highs of $1+/share.
True on the 3Q timing, but I'll err on the side of caution in saying Sept. 30 rather than July 1.
Also, it looks like the orders will be for $100k each plus engineering and maintenance work, so hopefully over the duration we'll see a lot more in revenue in the "Indefinite-Delivery, Indefinite-Quantity (IDIQ)" contract that they expect to sign in the third quarter.
Key takeaway for me was expected ADEPT orders in 3Q09. This is a delay from June 2009 that they mentioned in their last 10Q. I'm still optimistic, but not thrilled by another delay, but in this market it could be a lot worse.
I'm not gonna lie, this 0.175 ask is making me nervous.
No better time to add to your position! Lots of cheap shares out there.
I think that has something to do with it. I think they look at volatility in penny stocks and abnormal trading and then put together a list of restricted stocks. I think it is a stupid process, but an easy fix with a phone call to your local branch.
You have to call them to place the trade directly for you. This has happened to me a few times. Basically, just have them place a limit order for a price below the current bid, then you can modify the trade terms once it has been entered and shows up on your Open Orders.
Of course people don't buy shares to make others feel more comfortable, but it gives me more confidence when the owners of the company are putting their own money at risk by purchasing stock, just like I am doing.
The cynic in me says, "why is the stock such a good deal if the people who know its business the best aren't buying shares?". If they aren't buying, then why should I?
If that were true, don't you think insiders would have been buying lately at these depressed prices? Believe me, I'd love it if you were correct, but all signs point the other way.
Lets face it, this stock is dead
Who the F would sell 2500 shares at 0.153 at the open today? Awful.
Share count:
tddorsey 1,260,000
pkev9 (mother) 750,000
pkev9 64,650
ksuave 243,800
smw2340 271,250
underwater 128,000
swanlinbar 100,000
HermosaFlash 221,500
Total 3,039,200
Feel free to reply with your share count privately if you don't want it public info. I can make your ID anonymous.
I just pulled another 10.5k at $0.17, make that 271,250 total for me.
I think that brings us to about 2,080,300 shares so far. Public float is about 21m, right? From the last annual report: "As of March 24, 2008, we had 306 holders of record of our common stock"
I'm at about 260k shares. I think when you start adding them up between all of the users here and at RB, you take out a large amount of the float.
If the same buyer were accumulating those 1.8 mil share blocks, wouldn't they have to file a Form 4 as holding more than 10% outstanding?
I hope so. Just wish I had waited until these prices to back the truck up! I hope we're above $1.00 soon!
anyone worried about hurricane Ike?
I'd like to get some more, but its hard to pay a $0.46 ask price right now when it was mid 30's just a couple of days ago. I hope we see this thing take off though! GLTA!
I wouldn't really call it bargain buying since they've been gobbling up all of their shares at the Ask. I was hoping we'd stay sub $0.40 for the next couple of weeks until earnings, so that I could accumulate more shares.