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Way I look at it as the F&F have a direct line to management so they certainly know what the long term plan is that would make the current price action less important to them.
For instance they may know exactly when Velocity will merge in and QB uplisting and potential other mergers.
The other reason for restriction could be that they do know something material that is not public so to avoid any issues with I sister trading rules they issued the shares and restricted them and whenever the info becomes public the restriction can be lifted.
No, that info rarely is disclosed. Per SEC rules typically 6 months or a year
The float when up to match the unrestricted share number since there was no reason for the unrestricted shares to not be in the float. So the float didn't go up. it was always the same as the unrestricted share count less 5M shares owned by management
The float as of 3/31 262,067,610
The float as ot 6/30 262,067,610
Per the annual
04/06/2022 New 2,500,000
Common
$0.001 No Vy Le
Share Conversion
Restricted
Exempt
04/06/2022 New 5,000,000
Common
$0.001 No Nathan Robertson
Share Conversion
Restricted
Exempt
04/06/2022 New 1,500,00
0
Comm
on
$0.001 No Jami Souza
Share Conversion
Restricted
Exempt
And they lose protections when they convert, preferred shares are protected from splits, get special treatment on acquisitions or liquidations and so on.
So they converted into restricted shares losing the protections and still not able to sell, my guess is that they know something is coming in the future and wanted to convert and get through the restriction period to sell when the real run happens
The 95k that converted were converted as restricted shares and are still restricted as of today since the float/unrestricted number has not changed since they were converted
Depends sometimes going current can get attention as many OTC players look at the listings daily on tier changes, would not expect too much action on it here but could get a few people's attention. But yes the items you list are what we have been waiting for. Though not so sure SGX/Petrochem matter all that much as it seems all the tech has already been migrated, Velocity is the key
Someone posted on twitter that is was "alerted" in a discord chat, so could have had some ill informed quick flippers in it that didn't even know what they were buying expecting it to run hard on the filing
MM's going to do their thing, or as chem stated dumb retail who expected something out of the annual report selling for a loss?
Who? The preferred holders can't sell since they are still restricted and not free trading, other regular holders? Sure, but not sure why that language that has been in every single filing would not cause people to sell especially since it is boiler plate language that is in every single pink sheet filing.
Not sure why this language would matter, this same exact language will be in 99.9% of pink sheet filings
And again, chose to take restricted shares
Interesting in that those shares converted were all issued as restricted, they technically could have been issued as unrestricted but am wondering if they know something material that is not public and had to be issued restricted shares.
He was the owner of Predominant Pumps and WellsUp, he is where the pump that MVNT sells as well as the SaaS iChem software. Website details the info.
Sami previously sold a company who created to Rockwell Automation for over $60M, he has vast experience in the space.
Houston, TX, July 31, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Visual Healthcare Corp. (OTC PINK: VSHC) announced today that the company has signed on its second acquisition target, Velocity Manufacturing Corporation. Mr. Linh Nguyen, LTN Capital's CEO, stated, “We are extremely excited to add Velocity to our family of companies. With 2018 revenue of nearly $3MM and approximately $400K monthly average run rate in the first half of 2019, this is an excellent acquisition to help bolster our balance sheet. Velocity is a perfect example of the types of companies we intend to acquire with modest revenues poised for rapid growth.” Velocity also currently has bids for contracts, that if successful, will result in growth above what the company has experienced this year already.
https://www.otcmarkets.com/stock/MVNT/news/Visual-Healthcare-Corp-OTC-VSHC-Announces-Acquisition-of-Velocity-Manufacturing-Corporation?id=235871
Houston, TX, Jan. 07, 2020 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Movement Industries Corporation (OTC PINK: MVNT) (the “Company”) announced today that it invested over $350,000 in new Computer Numerical Control (“CNC”) machines and used fabrication machines during the last week of 2019. The CNC machines were purchased through Velocity Manufacturing to increase its production capacity to meet anticipated future demand based on its 2019 growth rate and existing sales pipeline. The fabrication machinery was purchased for the Company’s new process solutions division, which is expected to receive its initial purchase orders in the first quarter of the 2020 calendar year. All purchased equipment was expensed and will not be amortized for tax purposes.
Linh Nguyen, CEO of the Company, stated: “Growth in our manufacturing business has remained steady for the past year and appears to be sustaining itself into the new year. These purchases are the result of brisk demand for our manufacturing services. We are pleased with our operational results for the past year and are excited about our opportunities for the new year.”
Most of the Company’s growth to date has occurred in off-balance-sheet entities. Financial results for these entities will be included in future disclosure statements once the Company has completed the transition to its new ERP system and made appropriate adjustments to its financial results for GAAP compliance.
https://www.otcmarkets.com/stock/MVNT/news/Movement-Industries-Corporation-OTC-MVNT-Announces-Year-End-Capital-Expenditure?id=250660
The South Texas Sales Division will cover the entire region from San Antonio south and west to the Mexican border. The new division has a $4 million revenue target for 2020 and is expected to begin generating positive cash flow in only its second month of operations. The Company plans to penetrate other regions, including West Texas, organically and is also looking for potential acquisitions to expedite growth in these areas.
https://www.otcmarkets.com/stock/MVNT/news/Movement-Industries-Corporation-OTC-MVNT-Announces-New-South-Texas-Sales-Division?id=251365
Mr. Nguyen adds, “As per our stated 2022 focus items from our previous press release on January 12, 2022, the Company is also proud to announce that its revenue grew approximately 84% over its previous quarter. Based on the Company’s current projects and deal flow, it is also expecting continued growth with its fabrication division
Velocity Manufacturing Corporation, based in Houston, Texas, provides Computer Numerically Controlled (CNC) machining and fabrication services to national and global energy organizations. The company's leadership brings over 50 years of industry knowledge and experience. Velocity's skilled professionals, high-tech tools and technology drive its unmatched service, standards, safety, and growth.
The company itself a number of years ago stated that Velocity was doing $5M and that all of the additional growth the company was seeing was via Velocity. All of the PR's clearly indicated Velocity had all of the revenues, orders and contracts.
And shows Sami still actively involved which is a good thing and thought it was interesting the one photo posted clearly featured Schlumberger
Not sure why the tweet would indicate that, social media should be used for these types of updates but do no understand how this tweet would indicate that say Velocity will be not be merged in
Not sure you understand what that is for, boiler plate language and no one was expecting anything to be included in the 6/30 report outside of potential subsequent event disclosure which would have anything to do with that language.
Any significant change would have been reflected in the 3/31 filing just posted in the sub event section. And that has nothing to do with what they can PR in the coming months
When did Mr. Pickles give his guess? Interesting he guessed 10/7 and then said he got an email last Friday stating the financials would be posted this Weds-Friday?
Is this Mr. Pickles Mr. Jack Pickles?
One prediction I feel confident about is that they will release it during market hours as they have consistently released news and filings in the afternoon during trading
I'm guessing based on last week's release and no one picking it that it will be released again on Thursday the 6th, but I do not want to be added to any list. Too late to take any credit now since they already released Q3
You should ask Jack about Velocity and whether they plan on being audited
One would think that means they plan to file within the extension timeframe otherwise no point in filing
Just like the casino, the house always wins. Everyone bet black or red and will come out green
Wall at .015 was gone, annual hits tomorrow and might get past .02 and stay
Seeming like it was loading walls being used at .015 to load shares
It will take time for those that are here, but those that are here are not the ones that will drive any substantial run, that will be new people coming in who will not care much about anything that happened in the past
Wall at .015 gone, only 61k showing, 500k lurking at .0092
Finally announcing the closing of the Velocity merger would do it
some increased buying on the ask and 500k sitting on the bid at .0092
No, have to have an independent firm do it.
The share structure seemed to be cleaned up, wondering if revenue recognition was another piece. Seeing the annual will clear up a few things.
Hearing the status of Velocity will as well
I know the share count didn't change till April so perhaps the "deal" didn't close till then? We will need to see the annual to see who the shares were issued to
So who won?
Agree on that but will wait to see the annual first, Jack might have had to clean up the revenue recognition with revenues getting pushed into the next quarter depending.
Those types of things could have been reasons for the delay, let's hope they post that tomorrow or next week and we can hear from the company again directly.
What is sorely needed is updates on Velocity and the merger as we have always assumed that is where all the revenues are
Nothing much different except what I expected which is the shares and float which I believe is why the DTC number was changed, they now correctly show the float in the filings to be nearly the unrestricted share amount.
Not that this was the only reason for delay but they most likely had to unwind who prior "insider" holders were and reconcile the shares in cert form with the DTC with historical company records.
Let's see the annual
Might want to look at the chart again.
in 2019 - 675M shares traded
in 2020 - 150M shares traded
in 2021 - 320M share traded
36 months - 1.15B shares traded, avg monthly volume 32M shares
24 months - 470M shares traded or almost 20M a month
so far in 2022 - 105M shares in volume or almost 8M a month
So no not sure what the hell you are talking about but nearly all trips players sold in 2019 and most of the remaining would have sold in 2021, are there a small number left? sure, but nothing material.
Most people who bought trips are long gone, most on the initial run to .04 and the rest on move to .12
But as you say couple dozen people, so who owns 267M shares which equates to $4.5M as of yesterday.
Doubt the few dozen holders here hold that much, so who? Overall stock gets thinner and thinner as the days go on as evidenced by how quick it moves and the continued wide spread on L2
Not sure where the cutoff is, but the 87k clearing on the .01's to get back to the .0149's certainly wasn't and $160 is not a $10 paint, but surprised it actually got to the ask with the amount of fills below the ask happen here
Just need that break and hold of .015 to start moving this back, let's see .015-.025 be the next range
Yup 77k slap to clear the .01 ask, .01 keeps getting loaded and again 50% spread