I got the phone calls last night! F them!

That is a joke buyout offer. The M&M boys are simply going to acquire more equity ownership through that deal for $4.6 million, which is far less than 1x annual revenue.

I'd recommend every shareholder vote against it. Insiders do NOT have majority ownership, so it is up to us to decide if that deal gets done or not.

If MKRS really had a promising future, they'd just take it private rather than letting others benefit from any increase in equity value. Such small insider ownership tells you all you need to know.

I'd expect MKRS to be taken private at some point soon and this is a way to take care of Malone with this agreement. If the business really does have a future then this stock is a steal at these prices.

They announced opening a new office in Ventura, CA. At least an indicator they aren't going out of business anytime soon....hopefully.

https://finance.yahoo.com/news/mikros-systems-corporation-opens-west-110000649.html

He IS a stockholder. It would only make sense to drive equity value down if you intend on taking the company private at a low price and then either keeping any profits for yourself and/or selling it in the future either publicly or privately.

But he is 85 years old and probably doesn't care too much at this point, and his shares will be inherited and hopefully his heirs will have incentive to create equity value for us bagholders.

Don't hold your breath

Link?

Except the M&M boys, right?

$4k purchase, wow big spenders they are!

https://www.navsea.navy.mil/Portals/103/Documents/NSWC_PHD/Documents/PHD%20LRAF%20FY20Q1.pdf?ver=2019-10-08-112731-170

$260k of trailing 12 month EBITDA as of 6/30/19, so at these levels it is trading at about 17x EBITDA...so fundamentally, given lack of significant growth, this trading at a fair value. Not that a penny stock should really trade on a fundamentals, but without any top line growth then there's no future as a stockholder unless they start to pay a dividend.

"On October 7, 2019, Mikros Systems Corporation (the “Company”) received notice from Program Executive Office Integrated Warfare Systems that the Adaptive Diagnostic Electronic Portable Testset (ADEPT) program will not be funded in fiscal year 2020. The Company will continue to fulfill its current obligations under outstanding engineering services task orders previously issued under the program."

https://www.sec.gov/Archives/edgar/data/317340/000143774919019974/mkrs20191010_8k.htm


https://yahoo.brand.edgar-online.com/DisplayFiling.aspx?TabIndex=2&dcn=0001437749-19-019974&nav=1&src=Yahoo

The trailing 12 month Revenue of $4.8m and EBIT of $250k don't really scream "BUY", so unless there is a big contract on the horizon that will grow the top line, this thing is pretty fairly valued right now.

If business dries up, they all lose their jobs. It doesn't behoove any of them for the company to stagnate like this, they need to look for alternative revenue streams to survive.

https://docs.wixstatic.com/ugd/649d82_0a8b07db906340968704ce70903a1216.pdf

At this valuation it makes no sense to be publicly traded. The only reason to be public is to create wealth for shareholders, of which only Meaney has a significant stake. If they want to keep the status quo, they should just take it private. They cannot prevent the stock from going higher, the market dictates that, and if their fundamentals keep improving then the stock value should climb once investors find out about it.

I found it interesting that in Zeff Capital's latest filing, they had not increased their share ownership over the course of 2018. Stayed the same as of Dec 31, 2018 vs March 7, 2018.

Those are decent salaries, but if you live within a major metro area in the Northeast, that doesn't make you even close to being rich. You get rich with equity, so I'm sure Meaney would prefer if the stock were trading at $5 rather than 36 cents. I have to believe that they know they are a vulnerable target for a hostile takeover at these low share prices.

https://globenewswire.com/news-release/2018/11/14/1651318/0/en/Mikros-Announces-Third-Quarter-Financial-Results.html

"We also continued to invest R&D dollars to develop commercial applications for our remote maintenance solutions. We look forward to a strong fourth quarter to deliver a record year of financial performance for our stockholders and have never been more excited about the growth opportunities available to us in both our core defense business and select commercial markets.”

“Our commercial business initiatives are continuing, including a demonstration pilot program with our partner Elliott-Lewis at their headquarters in Philadelphia. The Mikros MindR system has been installed there for several months to remotely monitor their HVAC equipment. We are also continuing to pursue additional opportunities in the commercial space.”

MKRS is on pace for record revenue. Trailing 12 month revenue through June 30 is up 17% vs 2017 and through September 30 could be up 21%, with 2018 possibly being up 25% year over year. Good fundamentals across the board, just need a commercial partner to diversify the product mix and grow the top line in a meaningful way.

No doubt they would prefer to be private, but they just did an investor presentation and slide deck in October, so it seems like they are making a bit of an effort. Bottom line, they just don't have great news to report right now and until those things materialize and flow through the income statement, I don't think we'll see a lot of movement in the stock.

Also, pretty sure the board owns only 23% or so of the voting power, correct me if I'm wrong.

I think I'd prefer no volume than 125k shares traded and no change in price.

60k was the largest buy today https://www.otcmarkets.com/stock/MKRS/quote

Pretty frustrating that price hasn't budged despite relatively large volume

Better than nothing, right?

That is good news and I was happy to see that it is only for $250k, which hopefully means it'll stay public for a while for us long term investors to see additional upside.

Lets hope so. I'd like to think that with even small amounts of institutional money coming would drive the price up pretty quickly.

This was a $48m contract for the first 8 vessels, so one could assume about $6mil in revenue from this installation.

https://finance.yahoo.com/news/mikros-systems-completes-second-littoral-122100369.html

I think we would see an uptick if someone died

Wouldn't you rather have 2 more shares of MKRS?

Anyone taking bets whether or not we'll get a press release before the next 10-Q?

I'm sure if he liked it before, he likes it even more now. $3 or $4 sounds good to me as well.

Since the company obviously does not care about putting out positive PR, the only way this will get wider attention is when the fundamental metrics start showing up on stock screeners, so at least signs are pointing upwards in that respect.

Relatively big compared to daily volume, but still a tiny amount of money traded. And the share price didn't budge from the prior day's closing. The only reason it ticked up to 60 cents is because Zell was buying, so we need more large investors to drive up the demand on a continuous basis.

Meant to imply more larger/new/institutional investors to move the daily volume upwards and increase demand. 169k shares traded yesterday which is only about $65k worth, that is a joke.

Fundamentals are great, growth in top line and bottom line YoY and Trailing 12 vs. 2018, just need this to start getting on the radar of real investors.

I can't imagine the next 10Q to have anything worthwhile in it since there has been absolutely zero PR from the company since last year. Very frustrating to say the least.

4 months to the day since the last press release....not exactly the best way to run a public company IMO

Damn, I had modeled in at least $0.50/share for Q1 earnings.

I would assume some of the larger beneficial shareholders would like to see this thing much higher. Casner owns 451k shares, Kapp 253k shares, Lynch 406k shares, and Schaffnit 851k shares! Lets hope they put the pressure on Meaney and the BOD when/where it is needed.