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20Cent will come soon here.
Than Reversesplit and New Stocks for sale.
Than dilution restarts to pay salary for assfakkka and digsakka called "Management".
So beware the dog, but also beware Movella
Under Nasdaq rules, Movella now has 60 calendar days (until January 16, 2024) to submit a plan to regain compliance. If Nasdaq accepts Movella’s plan, Nasdaq can grant an exception of up to 180 calendar days from the Quarterly Report’s original due date, which 180-day period would end on May 13, 2024, to regain compliance. Movella can regain compliance with Nasdaq’s continued listing standards at any time before such dates by filing the Quarterly Report with the SEC and any other subsequent reports that are required to be filed during the 180-day exception period.
That shows that they are cheating asfukkas.
Movella continues to work expeditiously to conclude the review and file the Quarterly Report as soon as practicable.
That shows that they are lying assfukkas and digsukkas, because expeditiously means something like not more than 3 months.-
The Notice has no immediate effect on the listing of Movella’s securities on Nasdaq. There can be no assurance, however, that Movella will be able to regain compliance with the listing standards discussed above.
That shows that they are not willing to work for something called shareholder value.
So that’s why you can say with a clear
conscience that this company is cheating assfukka and digsukka corporation, created to steal money from stock market.
So beware the dog, but also beware Movella
Looks like the new CEO is the same useless Bastard than the bloody Chinese one was
Movella Holdings Inc. (NASDAQ: MVLA) (“Movella”), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced that it will delay the release of its third quarter 2023 results and investor conference call, previously scheduled for today, Monday, November 13, 2023.
The company will announce the date and time of its third quarter 2023 earnings release, conference call and webcast in a subsequent press release.
About Movella Holdings Inc.
Movella is a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement. Movella serves the entertainment, health & sports, and automation & mobility markets. Our innovations enable customers to capitalize on the value of movement by transforming data into meaningful and actionable insights. Partnering with leading global brands such as Electronic Arts, EPIC Games, 20th Century Studios, Netflix, Toyota, Siemens and over 500 sports organizations, Movella is creating extraordinary outcomes that move humanity forward. To learn more, please visit www.movella.com.
This is what this so from the very first trading day at Nasdaq. They had never should get the permission to go there.
They are more worst than most otc trash corporations.
It’s a fail in all kinds of business, to stupid to create a money making company, to stupid to file right numbers, just lying, failing and diluting from the first trading day.
That’s why it’s falling from 9 bucks to 30 cents.
And it will going lower very soon.
That’s the worst stock ever.
They let it bleed out.
Even to stupid to make an financial report.
To stupid to manipulative to fraudulent from the very first trading day last May.
MVLA........................................https://stockcharts.com/h-sc/ui?s=MVLA&p=W&b=5&g=0&id=p86431144783
Lol
Worst Nasdaq Stock ever
MVLA..........................................https://stockcharts.com/h-sc/ui?s=MVLA&p=W&b=5&g=0&id=p86431144783
Maybe a dead cat bounce or so.
Finally it’s a scam from the beginning.
It’s still a scam and will be one till the end.
How is the bag holding going?
A little DCB in the middle of the day.
Strange strange strange.
Strange but useless.
Lol
Movella continues to work expeditiously to conclude the review and file the Quarterly Report as soon as practicable.
Lol
Knucklehead, fake company.
Movella Holdings Inc. (NASDAQ: MVLA) (“Movella”), a leading full-stack provider of sensors, software, and analytics that enable the digitization of movement, announced today that it will not file its quarterly report on Form 10-Q for the three months ended September 30, 2023 (the “10-Q”) within the filing deadline established by the Securities and Exchange Commission (the “SEC”) and will be a late filer with respect to such report.
The delay in the filing of the Company’s 10-Q relates principally to the ongoing review by the Audit Committee of the Company’s Board of Directors, as described below, in connection with the restatements of the Company’s previously issued 2023 unaudited condensed consolidated financial statements and the notes thereto with respect to the quarterly periods ended March 31, 2023, and June 30, 2023 (the “Affected Period”).
As previously reported in the Company’s Current Report on Form 8-K filed with the SEC on November 14, 2023 (the “Form 8-K”), the Company’s management concluded that the Company’s previously issued unaudited condensed consolidated financial statements for the Affected Period should no longer be relied upon and should be restated to correct two separate items. The first item relates to the accounting treatment for a Directors and Officers liability insurance tail policy, the cost of which had been erroneously treated as a prepaid asset on the financial statements of the Company to be amortized ratably over the prospective six-year term instead of the pre-acquisition entity, Pathfinder Acquisition Corporation, expensing the policy on its financial statements immediately prior to the consummation of the business combination. The Company currently believes that item results in overstatements by approximately $0.3 million of prepaid expenses and other current assets, approximately $1.6 million of capitalized equity issuance costs and other assets, and is currently evaluating the accounting treatment for the approximately $1.9 million offset on the condensed consolidated unaudited balance sheet as of March 31, 2023, and June 30, 2023. The second item relates to the erroneous recognition of revenue from a contract with a customer in the three months ended June 30, 2023, which results in an overstatement of revenue on the condensed consolidated unaudited statements of operations by what the Company currently expects to be $0.7 million for the three months ended June 30, 2023, and a corresponding understatement of deferred revenue by what the Company currently expects to be approximately $0.7 million on the condensed consolidated unaudited balance sheet as of June 30, 2023.
The foregoing determination was made in connection with a review of the appropriate accounting treatment of such customer contract and the resulting review of the terms of such contract and whether the contract was booked in a manner consistent with the Company’s internal policies. In connection with the foregoing, the Audit Committee determined that further review and procedures relating to certain accounting and internal control matters should be undertaken. The Audit Committee’s review is ongoing and no conclusions have been reached at this time.
The Company plans to file the 10-Q as soon as reasonably practicable following the completion of the Audit Committee’s review and the restatements. The Company is unable to provide an expected filing date at this time.
The description of the restatements and accounting items in the Form 8-K and above was and is preliminary, unaudited and subject to further change in connection with the ongoing Audit Committee review and the completion of the restatements. Accordingly, there can be no assurance as to the actual effects of the restatements or that the Company will not determine to restate any financial statements for periods other than the Affected Period or with respect to any additional accounting items. Moreover, there can be no assurance as to what period the revenue previously recognized in the Affected Period will ultimately be recognized, if at all.
For more information, refer to the Form 12b-25 to be filed with the SEC on November 14, 2023, which will be available under SEC Filings on Movella’s website at www.movella.com under NT 10-Q. The filing will also be available directly at the SEC’s website at www.sec.gov.
This is the example for pure trash.
The whole market is jumping, but this fake pos big red in double digits.
Still waiting for .25 or lower,
will come soon.
Easy to trade than
Maybe today people can buy at .25 or lower.
Would be cool to build a small position at that level.
Nasdaq,S&P,DowJones are up 2%.
So on days like this, these trash can just lose anyway.
So you should wait until between 10 or 20 cent to go in for quick 50% gain than.
That’s because of it’s thresh and management knows that, but they dilute anyway
“We believe our results combined with our expectations reflect the strength of our business and our ability to execute on our strategy to deliver value for our shareholders."
This will never happen here
I mean products which they can sell to make a huge business.
Horsts do you mean products like this
https://geo-matching.com/companies/movella
Seems that you’re funny one
Horsts nasdaq has a 52 week hi low tracker.
Not sure horsts, but if you look at Monksdream's 52 week lows, a majority of the companies he has posted look like they all started a downward trend in February. Other than that I haven't a clue...
What is it.?
Who is selling at this levels ?
And why ?
What do think ?
That's not their core business grasshopper. Glty
Nobody needs that nonsense
No doubt share price will go up
https://www.movella.com/applications/entertainment/motion-capture-for-indies
It’s something that companies can sell, if they have a good one, many times.
Than they make some money, and than the shareprice jumps high.
Yeah
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