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Looks like more of an EOD move down to ensure it closes at .01
You'd think they could get a direct answer from OTC but honestly who knows what kind of vague answer they would give. I get the feeling OTC goes out of their way to be vague to avoid any potential liability or push back from companies and/or investors
Decent chunk of shares sold/bought at .009-.-01 today with an ask at the close of .0145
Crazy, could buy shares mid day and have the ask by the end of the day represent 40%-50%+ in gains on next to no volume.
By the week this is getting thinner and thinner, why? who? what? where? when? who knows but when(if) this gets attention and volume when things start to be released this could be even crazier then we think. You had TXT#M trade about 20% of its float (7B float) over 4-5 weeks going from .002 to .009. Stock with 7B float is hard to ever have it locked up. We shall see but if, yes IF they do start to come through who knows, perhaps it can do an ALP$ type run
You can get this right from ihub, on the main screen for the ticker there is a "trades" tab at the top, that tells you the stats for the day.
With lopsided sell/buy could still close almost even on the day, though massive spread right now, largest I can remember seeing
No doubt, sometimes you just try to make sense of OTC markets the entity itself and its enforcement of these new rules, just funny how regardless it still seems very wild west even with the new reporting standards in place.
The rules themselves were somewhat vague as to the actual timeline of being downgraded to expert market and seeing it in practice it is even more vague as to when someone reaches the point of downgrade. Perhaps that was all by design as is the case with a lot of things with the OTC
Which is weird since the C-AR doesn;t satisfy any level of reporting requirements and even odder since in 2021 they filed 15-12G Terminating their registration under the exchange act making then no longer a SEC reporting entity.
But hey, when has the OTC made any sense
Have looked at a lot of tier changes recently on pink limited to Expert and that stock as well that has no financials yet pink current has shown me that while the "rules" have changed the OTC enforcement of things is just as arbitrary as ever
But how are they pink current with no financials?
Weird, I just looked at that company and they are pink current yet they have seemed to file no financial statements at all for years
By informed you mean fluff PR's that have zero substance with an entity that is basically a shell? One that added 3B shares to the float in the past 1.5 years? and over 600M shares this year?
Sounds great, zero revenues, zero assets and continued bloat of the float, what's not to love
Look at TXT#M went from .002 to .009 just on filing of financials to get current with financials showing nothing and a float of 7B shares outstanding and it runs to over $70M market cap.
Agreed, people here are nonsensical at times and others are just ignorant of the OTC and what it is and what it will always be. Others also ignore the chances to make money and instead get caught in greed and blame others for why they don;t make money
It is an OTC company so yes, there will always be speculation as there is with near every OTC stock regardless of how well functioning their communications are.
And no, everything is not related, the conversation was directly about Jack. The company financials listed Jack E. Leal from Jack Leal CPA as preparer of the financial statements, the company PR'd Jack Leal being the CFO and Jack Leal from Jack Leal CPA emailed someone and the question at hand was if this was the same Jack Leal. See how silly it sounds?
This has nothing to do about the topic at hand which was about Jack Leal and nothing else.
Yes we know, you have said the same thing 1,000's of times all the while you could have made 6 figure profits but instead chose to just complain about things instead of making money
It says more about the people who ignore facts, info and instead rely on emotions and insecurity.
How much more communication do you want in regards to who Jack Leal is, which was the topic at hand? Should they put out his SS #, home address, family tree?
Why is there so much speculation? Because people on the internet can be dumb and question everything and anything regardless of facts and information presented
There has been official info in regards to who Jack is both in the financials and the PRm so not sure where the misunderstanding or interpretation of that comes into play
I mean this is who prepared the last financials before the hiring of Jack as CFO per the filed statements
The financial statements for this reporting period were prepared by (name of individual) 6:
Name: Jack E. Leal
Title: Managing Member – Jack E. Leal, CPA, PLLC
Here is the PR
Houston, TX, March 09, 2022 (GLOBE NEWSWIRE) -- Movement Industries Corporation (OTC PINK: MVNT) (the “Company”) proudly announces it has appointed Jack E. Leal as Chief Financial Officer. Mr. Leal brings over 27 years of senior level experience in accounting, tax, and compliance oversight for both private and publicly held companies with roles at Petrochem Field Services, Inc., GollobMorganPeddy PC, Ham, Langston & Brezina, LLP, ExpressJet Airlines, Inc., Continental Airlines, Inc. and Deloitte and Touche, LLP
Here is Petrochem webiste
"Jack E. Leal – Chief Financial Officer"
https://pfs-us.com/about/
It is not an opinion they are the same person
Well for one because that is where the email was sent because that is the email that is known. So of course when they hit reply that is the email that will be present. Does he have an MVNT email? Maybe, but just like we don't know any of the other managements emails we don't know his either. This is just the email that is known to the public.
And yes they are the same person
Such is the OTC where one can have a stock go from:
.0007 to .04
.005 to .04
.02 to .12
.03 to .08
.025 to .08
.03 to .07
.02 to .06
All over a 3 year period and be down on a stock when in reality one should be mad about how they traded it. Management should/could have been better but look at the returns you could have made.
Hard to tell, still lot of in between trades happening and offsetting at that
Doubt it is fake, what would be the point of faking an email like that? It does nothing.
As far as why, could simply be that it was right there when he checked his email and decided to answer that particular one and we also can't see what the header of the email was.
Does anyone know for certain whether they need to even file the Q or can they just file the annual report and attorney letter to be current? Have not been able to find anything definitive for an alternative reporting filer
Jack replied to someone on twitter as of this morning stating they are actively working on the financials
Not sure what you are asking in reference to EM
But JANE is an institutional market maker
Yes and no, OTC generally speaking does tend to run on group type activity, now we think MVNT can attract more than just the average OTC types but OTC is all about attention and volume
Hey if you can find the people and money to drive 30M in volume this will be over .10 in a jiffy.
So yes that would spike the price, but to sustain the price in your example you would want say 15M slapping the ask pushing the price then 15M in support to hold the price and consolidate at a much higher price level.
Still a decent spread of 23%, makes you wonder if the spread was closed would the .015's dump into the bid or are they just trying to hold resistance
And overall the thing needed from a tech standpoint at least, is to break and hold .015 and create that as support while testing .02 to create higher highs and higher lows on the chart
Wouldn't hurt, could split it up 90k at say .0125 and 90k at .0111
You can put a test order in and see what happens, the game is to see if you were to put a higher bid in would the other bid jump up with you or even above you.
Larger bid at .0122 again, no takers the other day and so far none today
No right or wrong, might have easier change to get those shares if you went higher than the 1M, overall not a lot of volume below .01 but never hurts to have low ball bids in just in case a quick sell down, we have seen over and over that those shares get snatched up quick.
Overall at some point we need those bids to move up and try and push the price up to get past the recent resistance and hit some new highs
That is the issue, Jack answers once or twice and in turn gets more and more emails asking questions so at some point they just ignore the emails.
Plus what is there to say at this point outside of they are working on the financials and will release when finished.
Thank you, hoping for a Bills thrashing of the Titans to cap off a nice weekend.
Well an early congrats, if I was going to pick I would have picked today as my anniversary with the Ms. is tomorrow. Didn't want to steal Centhill's thunder
Not sure when they will release, but they certainly are not going to on a Sunday , looking like Glee didn't check the calendar
I assume it is, I saw the original email from Jack saying he was indeed the CFO and working on the financials a couple months after the PR.
With how MVNT trades and overall action not really a stock to be faking emails and posts like that. Would be little point in saying you spoke to Jack and he said it may be 60 days until financials are released.
I mean if the message from Jack was real, then I believe that puts it somewhere between what the 23th and Oct 15th? As far as a date who knows.
Funny though, I'm derided for saying too much and derided for saying nothing.