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Good point. It's like they discuss this at the Sushi Bar and keep putting off pulling the trigger.
It seems they're trying to do something with the reporting, then run out of time and just ship the basic. Still hoping they figure it out and finally merge other subsidiary financials into the reports. I believe this is what perpetually causes the delays, that they want to do it right. But in the meantime, we're stuck looking at fins that don't represent the whole company.
Sells then a paint
It’s the IOT platform that demands a buyout. One q I do have is WTF took so long to complete this anemic filing LOL imagine if they had any real revenues
Nobody's going to pay big money for HiAlloy alone.
If they are really considering a buyout from someone, they will first have to merge with one or more companies to have substantial combined revenues.
I believe that was the plan 5 years ago but I'm not sure that is still their plan. Good to see though that some folks are still thinking about this.
Thanks for your opinion.
More and more I am believing that a buyout is the plan for MVNT management, which is why they're not too concerned with the stock price.
And on a positive note. We have finally arrivied at a definition of "finalizing" Two months. :)
LOL. No wonder you wanna hook up with Coco!
Get current, file 3/31’s, release projections,. Pretty simple. Following through (well actually all the above) seems to be a hardship. It can be done though.
That's because most of us here are expecting great things from them and when fluff hits it's a real downer...But things will turn around when we least expect it !!! Hang in there !! GO $MVNT
I won't sell my shares, but I will admit, the days after a fluffy post are always a little depressing.
All they have to do is put some meat on the bun
Ask is looking thinner so far !!
My divorce took 2-1/2 years
50/50 SUPER BOOM or BUST
My monies on BOOMAGE….could be the last chance for shares under .119
It's been 5 years. What makes you think they will acquire anything now?
Looks like they have about 520K in accounts receivable, pg 23. I believe the drop in revs is because they concentrated on other ventures in 2023, those mentioned on twitter. Just don't understand why they're not in the basic fins they posted. The IoT and workstations don't fall under Hi-Alloy valve type work, so when will the other stuff finally get folded in officially? They clearly want to, this is why they continue to show it all on twitter.
My only thought is they want to get current again before they announce any of the new ventures. Really hope they finally give color as to what part of the company is handling the IoT, Pemex deal and the USDrilling workstation they built. Or at least explain the issues behind merging it all together. Pretty sure they want Movement to take on more of the workload and revenues of Velocity umbrella. Let's get to it already
I am going to hang around too but i still don't know what is their end game. If movement is their spare time company, the question is why did they go public in the first place?
That's why they have a 5M market cap and not a 50M. This is still the OTC. We've all seen POS bloated pigs with nothing but a UPS address and a good story have 100 million MCs. If they follow through you get 15X. I believe at some point their plan will be successful.
Velocity is where Linh makes his money. Movement is side play for them. We have often said, it's like they don't give a shit about the stock price. It's because they don't. They are busy running Velocity along with other companies. Movement gets their spare time. But progress is being made. All while never being diluted. I'm gonna hang around and see how this turns out.
Such s weird company.
- owners put another $112k into the business during the 3 months. $1.4m in total.
- no new f&f converted. More than 50% still unconverted.
- no real pump to get volume to increase price for owners or f&f to get out.
- seem happy as can be, keeping silent.
Why?
I like to believe what you say and I hope you are right. However, all the facts at this point are: no JV, no Pemex Contract, no revenues. Basically, they have propped up the stock by posting meaningless and ridiculous photos of boxes, machinery and corroded oil rigs. If you believe in their pr’s, then where is the meat? Why aren't the Jv and Pemex contract reflected in the financials? Where are the revenues from these events? Their revenues have shrunk and not increased, why? Something is amiss and not sure what is their game plan. Assuming that the announcement of the JV and Pemex contract are real, are they with Movement or with Velocity? If with Velocity, why announce it from Movement? The company needs to be transparent and let shareholders know what is going on because at this point, the decreasing revenues generated by Movement are pitiful and not supported by their announcements.
Yeah. Kinda like the ongoing concern that's in every OTC filing you see
What about the paragraph about them needing more funding or a loan to continue? Is that just a standard disclaimer or a warning?
If this was supposed to be a pump and dump, they forgot two things. LOL Never pumped and never dumped.
That is how I see it too. The shares are already structured. I don't think they can do much beyond a forward or reverse split right now and neither would make sense for anybody involved. They damn sure don't pump the ticker or dilute it as far as I can tell. That leaves two directions, up or down from here.
There are several problems with that theory. #1- The company has never diluted or taken one penny from shareholders. #2- Only 4 of the series B holders have converted their shares into commons, therefore they are not "unloading".
Lumku Kaka converted 5000 shares on 12/10/21 Those 500k commons were issued to ACGT holdings on the same day
Nathan Roberts converted 50k shares into 5M commons on 4/6/22
Vy Le converted 2500 B's into 2.5m shares on 4/6/22 and on the same day Jami Souza converted 1500 B's into 1.5m commons.
No other Series B shares have been converted as of 12/31/23. The OS of B is still at 773,750. If converted the Float of MVNT would go from current float of 271,067,610 to 348,442,610, which is still a relatively low float.
#3- Linh and Long have put $2.5 million+ of their own money in. They are the ones who stand to lose the most if this doesn't succeed.
The market has been shorting this for three and a half years now. Just like most OTC companies, they expect this to fail and fall into the abiss where they will cover their shorts for a tenth of a penny on the dollar.
If this is a scam, why haven't they diluted us?
If AI has a future in oil well monitoring then we are sitting on a gold mine. The MM's short every OTC into the ground but when one rises to prove itself worthy it cost them a lot of money. They don't care. They'll simply steal those loses elsewhere. Don't forget, they trade 2 Billion dollars a day on the OTC alone and if they lose 100 million dollars on one of them they'll have their money back by the next day at lunch by stealing from others.
I think Movement is a prime candidate for a buyout of it's propriteary software.
A 500Million dollar buyout would net us $1.43 a share. It could happen
Pinky land is like the wild west with no law and order.
if this is all shorting and no selling how can it be? wheres the turnaround point to cover.
how can they get away with out an out fraud---arent they held to any type of heavy government fines protecting the investors.
Imo, Based on their track records, 3rd qtr will probably be less half the revenues of 2nd qtr, if lucky. This company put out a pr in June, 2023 announcing the JV and pemex contract..since then the financials have been going down to basically non-existent revenues. Imo, this was their way to keep the pps propped so that F&F had time to unload a bit at a time. The company has run out of excuses and unfortunately people are starting to realize that company is not what appears to be.
They have strung shareholders along for 5 years with pointless posts and photos of boxes and corroded oil rigs. Not sure how can management look in the mirrors and feel good about lying and defrauding shareholders. Way to go Chinese connection for being in the Boy scouts! I guess they didn't learn anything about leadership, honesty and integrity. This is my opinion and hope they prove me wrong.
Imagine all these revenues showing up under MVNT financials.
It's def time for them to explain how LTN (parent of VSHC/MVNT) revenues play into all of this. The CNC machining, the remote workstations, the IoT, etc. none of it is Hi-Alloy valve yet all we see on the fins is Hi-Alloy.
In article below, I emphasize them saying "ALSO" acquired hi-alloy, not only, not just.... also... We need LTN, Velocity, SGX industrial, WellsUp and so on, revenues to finally be shown. Everyone knows this company is not just hi-alloy valve ffs.
https://www.spglobal.com/marketintelligence/en/news-insights/trending/tYVAPeYduNaczBlLprTiSQ2
If they get the atty letter back and posted by Wednesday we should get moved to current next day or Friday.
When do you think we get current?
20240506|MVNT|334371|0|882252|O. When the MM's smell blood they're going to dive in. Digging the hole deeper and deeper.
Tag the .013's and get filled at .01246 LOL They're try to scare out some shares. Will be interesting to see how much of this is actual selling today
If they do....I will be first in line. Just got my tax return back today... 😁
Just picked up 40k more
and another 35K...
Any more...?
MESSAGE TO MVNT BOARD OF OFFICIALS--YOU CAN SQUEEZE THIS DOWN TO .0001 ---YOU WILL HAVE TO PRY MY SHARES FROM MY COLD DEAD HANDS--YOUR PIGS IN HUMAN FORM.CAN I GET A DITTO BROTHERS.
Well...I added 238K today on the cheap. If they want to give them, I'll take'em.
gotta love the box
The owners are running multiple businesses out of the same industrial location, which all seem to be operated as a "family" business (despite the fact that MVNT is a public ticker). They appear to me to personally view the businesses as different departments their family is working on. So, just looking at it that way - I see the question as whether you think they know how to run a business - if so, then success for the department that is the ticker seems an eventuality.
If you think they don't know what they are doing, then why be in it? Upset about lack of info sharing - same. Similarly, if it is just not happening "fast enough", that's just the nature of things. It'd be a lot more fun if it was developing faster!
That picture of the box is where all the shareholders money went
Are they part of mvnt? Where is Pemex money?
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Movement Industries Corp.
OTC PINK: MVNT
ACQUISITION of HI-ALLOY Valve
Houston, Texas 77040 USA
Hi-Alloy Valve manufactures a broad list of valves according to API 6D & 6A standards for the upstream, midstream and downstream markets. We cater to energy clients in North and South America, Middle East and Asia with comprehensive support and service, offering high quality standards, competitive pricing and accelerated delivery.
We are headquartered in Houston, Texas USA. Our principals bring vast experience in the manufacturing and machining of high highly trusted valves for reliable service in the most demanding applications.
To manufacture and deliver high quality valves with exceptional turnaround time and strong commitment to safety, integrity and customer satisfaction.
API 6D / API 6A / ISO 9000 / NACE MR 0175 / ANSI / ASME
The principals of Hi-Alloy are comprised of seasoned industry professionals. Their previous work history has been as Senior and Executive level positions within the industry.
Hi-Alloy Valve, Inc. (“HAV”) proudly participated in Valve World America's held in Houston TX June 20 & 21, 2017 at the George R. Brown. #VWA2017 was an incredible invent and wonderful opportunity to meet old friends and make new ones. We were also fortunate to have Miss Grand Texas 2017 in our booth
ISO 9000 / NACE MR 0175 / ANSI / ASME
https://twitter.com/mvmntin/status/1444097267477196802?s=21
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