I got the 2015 annual and 2016 Q1 reports the other day. This company is dark but do produce all the reports. If you just send them an email request you'll get back reports. They used to file reports with otcmarkets.com and on their own website but stopped.
The numbers look good. Company came back to profitability with the winding down of their Rado division. They would have actually been profitable in 2014 as well if not for Rado.
2015 yearly numbers:
- shares 6.4M
- BV $7.2M vs 7.1 in 2014
- rev $58.9M vs 71.3
- net income $100k vs -670
- EPS $0.02 vs -0.10
- shares 6.4M
- BV $7.2M vs 7.2 in 2014
- rev $13.2M vs 11.1
- net income $5k vs -490
- EPS $0 vs -0.08
I have exchanged a few emails with the CEO and he always gives me one word answers. It's so funny. I asked the CEO if he expects the most recent quarter's revenue growth to continue and he said "no.". I asked when they will start posting their reports publicly again, either with the SEC or otcmarkets and he said "soon." I asked if he considered posting the reports on the company website since that would presumably be cheap and he said "yes."
So there you have it. MRCR's CEO says he'll be posting reports publicly "soon" but who knows what that means.
The stock is currently at $0.15 = 13% of book value. Is that really what it's worth?
disclosure: long and would be buying more if Fidelity would let me