Tiderock Companies Inc (TDRK)

[tedpeele]

$12m in revenue and MC now only $1million - Specialty composite materials look to have a PS of greater than 2 based on the list below:

That would be a 24 bagger from here -- ie price of around .25

https://eqvista.com/price-to-sales-ratio-by-industry/

Similar is the PE calculation based on $1.7m EPS estimate for this year: PE of only 10 would be a 17 bagger.

Closely aligns with the original 20 cents per Preferred share number...

But once this moves - the tiny float will take it up fast and could go much further as momentum and volume kicks in. This sometimes goes out of the blue because of the small float, one could easily miss the boat.

Just a month ago:

Heard back today;

"I understand what binding agreements mean. In most cases binding agreements are for two purposes. 1. Avoid one party for shopping for other deals. 2. Punitive damages if a deal doesn't close. In this case both parties are working close together to move the relationship forward while working on components of the transaction and will take significant more time to resolve. Just as in this case, MTAG Composites clients are fortune 1000 companies and have N60-90 payment terms. And with a production build cycle of 30-90 days an enormous amount of working capital is required. As such the company relied on invoice factoring, which is fine. Our goal will be to eliminate that feature. Short term challenge is that TDRK being an American company, some of the covenants if the factoring company couldn't be resolved in short order. Needless to say, it was MTAG that recommended the global sales arm of which all client relationships would be transferred allowing tdrk and mtag to consummate phase 1 of a working relationship effectively transferring revenues to tiderock with MTAG composites being the outsourced manufacturer. The primary owner of MTAG is now becoming a board member of TDRK.
I hope this provides some clarity.

William Waldrop
CFO
Tiderock Companies
617-786-5777"

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174485453&txt2find=mtag

From website:

Established in 2008, MTAG Composites specialises in the manufacture of high quality Phenolic, Epoxy and Polyester Glass Fibre and Carbon Fibre reinforced plastic mouldings with a diverse product mix for customers within the aerospace, rail and leisure industries.

Our manufacturing facilities are over 61,000 sq ft based at Coningsby, Lincolnshire UK and employ over 120 employees (some of whom have more than 20 years hands on experience in composite mouldings). MTAG specialise in Phenolic mouldings that give excellent fire retardancy and marine environment properties meeting BS476 Part 6 and 7, BS6853:1999 and EN45545-HL3 standards.