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Think I can figure out which trades were NOT shorts.
Trade #1 (6 digits) and trade #4 (5 digits).
And there's your answer. 20240925|MVNT|317580|0|347580|O Nobody selling.
Hope these guys got their shit together and file by Monday.
Go Movement 5.0
Since I am not short term trading this stock, I really have no interest in supporting the bid. I am happy getting an occasional fill on what I consider to be a low ball order.
Nice bid support !
I bought 20K at .0152. No real conviction, just an opportunity to snag some at the bottom of a big spread. I may flip them out at any time.
And the bid is still .0152
My Fidelity time and sales feed shows the ask size was 20K (at $.024) when all 7 trades today were executed.
It shows that when the big trade of 274,580 shares was executed it was at the bid price of $.0152 - the bid size at the time of execution was 25,420 shares.
If you can make sense out of those numbers, you're a better analyst than I am. lol
Was there 275k on the bid when that hit?
The hammer will fall on Monday if MVNT hasn't filed their annual report by then.
If no extension is filed, then MVNT could enter the 15-day grace period. If annual isn't filed by end of the grace period, MVNT will be immediately downgraded to the expert market.
It will basically be the same timeline as last year when MVNT was downgraded to the EM for one-day before getting back to Pink Current.
Lol, the good painters always show their best work..
UPDATE: Someone took out the block at $.0152 !!
Except "someone" selling ~275K shares at $.0152
imho, it's going to take several million shares in volume just to get into new 52-week high territory ($.0331).
The painters paint both ways rofl
Just a matter of time
It's trading as thin as any ticker I've ever seen. A million share day would run this to 4 or 5 cent
Short short and short. Can’t wait till they start releasing news. Should be fun.
20240924|MVNT|22000|0|24000|O
Nice recovery today..thanks to the painters!
I saw him….he was riding off into the sunset on a white horse
I have 13 OTC tickers currently.
I've divided them into 3 groups.
Group 1 I have assessed to have a reasonable chance of success (33%+).
Group 2 are total failures (less than 2% chance of success).
Group 3 are tickers I don't have enough current information for to assess their chances.
I used to have MVNT in Group 1. But I have changed my outlook enough to put MVNT in Group 3. If and when MVNT files their FY 2024 report, I will reassess my outlook for MVNT.
Until then, good luck to all MVNT shareholders. Just hoping I don't have to put MVNT in Group 2. lol
BINGO! You're spot on as usual sctts. lol
Its a Casino
Always was , still is
If all OTC pinks were priced at their book value almost all would be under a penny. jmho
MVNT's book value is negative according to their 2023 Annual report.
Even MVNT's revenue per share was only about $.0026 for FY 2023.
https://www.otcmarkets.com/otcapi/company/financial-report/386323/content
So is MVNT overpriced at >$.01? Or is there something else that attracts buyers to OTC tickers?
Think about it.
In balance sheet terms, the company has hardly any value. In this respect, the low share price is not really surprising.
Believe me, if anyone tries to tap the ask, two things will happen quickly.
First the buy order will be filled below the ask, then quickly followed by the ask dropping as well.
I've been watching MVNT long enough to make that prediction fairly confidently. LOL
Still am surprised they let the ask stand at .024
They usually drop that down as well
Even the HUGE rally in 2021 started with an opening trade at $.0222
https://www.barchart.com/stocks/quotes/MVNT/technical-chart?plot=CANDLE&volume=total&data=DO&density=M&pricesOn=1&asPctChange=0&logscale=0&startDate=2021-03-15&endDate=2021-05-21&daterange=specific&indicators=ACCUM;RSI(14,100)&sym=MVNT&grid=1&height=500&studyheight=150
Great open today ($.0151). MVNT going nowhere until bids start coming in at $.0200 or above.
jmho
You're correct. Volume is the key to open the door of opportunity!
MOO (my own opinion) >
Up 17% on 19k volume. The very definition of thin. Sure it could go down just as easily, but it indicates shares are being tightly held. Any volume and she flies.
right on the button--good post
Lets keep the price moving in the right direction
My guess for the JV partners is Velocity and USR drilling
Read that PR carefully.
It does not say that MVNT has a joint venture WITH Pemex, but rather a JV with 2 other companies to do a "joint tender bid" **TO** Pemex. The other two companies are not named in the release. Presumably they are also smaller niche suppliers in the oilfield service/monitoring space, and individually none of the three can offer the full suite of capabilities that Pemex wants for remote monitoring.
"...Sami Suheil, Vice President of Technology, adds, “The joint venture is an alliance of three companies that have entered a joint tender bid to Pemex for the remote monitoring of well real time data for on-shore and off-shore operations in Pemex southeastern region. The entire joint venture team is excited not only about this initial contract but is also looking forward to the follow-up contracts and potential future."
It is a creative way for MVNT to approach larger accounts like Pemex, but they are still looking to SELL STUFF TO PEMEX. It is not a JV WITH Pemex.
They already announced a JV
MVMT may secure Pemex as a customer, but there will never be a joint venture between the two companies. The relationship would always be supplier to customer.
We just need management to open up the lines of communication and this rips wide open. PEMEX JV could send us to $1.28
This is starting to look a lot better. Hand on everyone !! Won’t be long now. GO $MVNT
This will explode like me in the morning after eating all I can at the buffet in a Mexican restaurant
Lol, opened my account, whoa
Someone snuck 1 past the MM's
They quickly dropped bid /ask
Looks nice though
Lets continue the march upwards !!
The trades were double prints. 100% divided by 2.
Nice round percent, 50. It is ready. Well, been ready.
Exactly, so hot that it burns your fingers. LOL
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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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