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Great post re:MCC, the real deal: @ayeyou $MCC

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cartonet   Friday, 09/09/16 02:06:24 PM
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Great post re:MCC, the real deal:

@ayeyou $MCC has been selling to RCMP for past year or more. Some people seem to think that there was to be a big single contract awarded to refit the RCMP when in fact it is being done on an ongoing basis and is responsible for generating the revs that MCC has produced. Read this from the MD&A..... Revenues for the three month period ended April 30, 2016 increased by $196,022 or 28% over the comparable
period in the prior year to $896,465. This increase was largely driven by higher hardware sales in the current
year from the RCMP orders fulfilled in the fourth quarter. The Company received a number of orders from the Canadian government in the fourth quarter of fiscal 2016
which accounted for a significant portion of the increase in hardware revenues. END So you see that in fact the big contracts some say are just around the corner for a year now are actually being awarded and filled the whole time. Problem is they are losing money filling the orders. Canadian government put screws to them and dropped their GP % by 15 points. Its all in the MD&A...... http://www.stockwatch.com/News/Sedardoc.pdf?docid=3664809

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