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Sure, I guess everyone would just be content and happy as can be if the last thing we heard from the company was a PR in early March.
And reputation here is meaningless, there are not many people that are paying attention to the stop nor care about it, once news starts to flow anything that happened prior to that is meaningless.
Not really, the complaining would be the same if it was just radio silence with no updates or no financials, if anything the tweet bought them 2 weeks of time before people started complaining.
People have complained just as much when there is a lack of updates as when they don't follow up on them
Damned if they do damned if they don;t, if they didn;t send the tweet out people would be complaining just the same
Or the timing does not matter as much to them as it does to you, perhaps they don't care so much about penny stock traders are are operating on their own timeline, what difference does it make to them?
None of what they didn't do or follow up on the past 2-3 years will mean nothing when/if they do start to come through, all the new money flowing in here could care less about what happened in the past, the same way that serial P&D CEO's/tickers don't stop people from running those up.
Which is why they would need to be current and start releasing news to drive volume and increase the price before they could sell, otherwise yes they would not be able to.
So when they are ready they will try and drive volume and push the price
then they and their F&F will lose upwards of $1.5M if not more, why would they just be willing to take a hit like that instead of trying to allow F&F to make money as well as making money themselves? Of course they will, which is why we have not seen any F&F converting shares to dump outside of a very small portion at Christmas this past year.
If nothing was every going to happen the F&F would be trying to sell shares
It says it all in that same PR, it clearly states that the $350k was purchased by Velocity and was off balance sheet of MVNT until Velocity is able to report using US GAAP accounting. Not sure why you just ignore everything after the first sentence of the PR
"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. "
"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."
And orders being converted means using revenue recognition per US GAAP and then entering them into the new ERP system for MVNT. It has nothing to do with customers having a system or not, it is using the original contracts and purchase orders and figuring out how the revenue needs to be recognized per accounting rules. Revenue recognition is one of the most difficult areas of financial reporting and needs to be done on an order by order basis
They have stated those things have happened with Velocity that are not included in the financials, the PRs say that explicitly.
The reason orders would be converted is to have Velocity be able to be reported in US GAAP accounting which is what the PR is referring, they cannot include them in the financials until they are able to report the financials on an accrual basis US GAAP reporting and not IRS cash basis.
Just doing a quick look, the OTC markets site does not really clearly indicate what is needed as far as quarterly vs. annual reports.
OTC markets more than anything just references SEC Rule 15c2-11, now I have not dug into the entire rule, but as you point out Rule 15c2-11 clearly states financial statements for a full fiscal year, one could argue that filing the annual and skipping the separate Q3 report would qualify as a full fiscal year financial report.
For actual SEC reporting companies all reports would be needed, so a separate Q3 report would need to be filed before the annual report. For alternative reporting OTC, honestly not sure, will take a look this morning, but obviously OTC reporting standards much more lax, so could see a scenario where the OTC doesn't care all that much about a separate Q3 report being that the Q3 info is in the annual.
And remember, they will also need an attorney letter filed after the annual to get current.
Some confusion on that, either end of September or not until later in the fall depending on how you interpret the rules
Odd that 100k out of the 132k volume was naked shorting by MMs means those last minute sells to lower the price were mainly shorting. I'm guessing MMs swapping shares as we are at end of the month tomorrow
Massive spread to start the day and closed at .015 yesterday, so so far test and bounce, would be good to see it close with green candle in high .01's with support again above those SMA's. Would be further bullish setup of the chart
Test and bounce from this level not bad for the chart, basically test SMA support and bounce back, but clearly someone using that block to try and load which we have seen over and over, they already moved when hit at .014, guess they would move off .015 easily too
Get the feeling that ask block is just trying to get that 400k bid filled, was 400k at .014 that moved when hit with 60k, guessing a small hit at .015 and it moved to and like you said, 50k-100k and it closes green at .0181
Probably more of a signal than anything, but that has flashed numerous times through the past number of months
Well they are still selling the Pump and the SaaS monitoring product that were from Sami, so I'd assume he is around in some capacity, if not they kind of gotten what they needed out of him in those products
What forecasts? That is the past, that is what happened, that is how many here made good money. So no forecasts at all, it has been stated that 3M shares were purchased at .0007, it has been stated no shares have been sold.
So 3M shares would cost $2,100 at .0007 and they would have been worth $300,000 at .10
No forecasts needed based on info straight from you and the previous share price
I also know of others who have tried to slap the ask numerous times that have gotten undercut and filled lower with 5 and even 6 digit trades.
How? Well it is not a retail MM that is for sure, that is an algo doing that.
Why? I can only speculate that it is being done to mess with technical indicators and from all accounts to assist in loading more shares. Any MM is not making much money here by "trading" since the volume is too low and has been plenty of accumulation happening. So I think these fills are effecting RSI/Accumulation/MACD as well as other indications that are price sensitive
Buy at .0007 stock runs to .045 no share sold, stock goes back to .005, runs to .04 again no shares, stock goes to .01-.02 then runs all the way to .12 and no shares sold.
3M shares at .0007 = $2,100
3M shares at .045 = $135,000
3M shares at .10 = $300,000
Management is not to blame for the pure greed at hand that did not think turning $2,100 into $300,000 in the matter of 2 years was not enough. I can see why you are so angry, but it has nothing to do with management and has to do with greed and not taking massive massive profits
Ok and they were purchased when it was VSHC before MVNT management purchased the shell, they inherited you and you did not invest in them. You not selling for 10x-100x gains is on you not them
A 5 decimal sell, yeah don't think any retail can even do that if they wanted. Could be someone trying to slap the ask and getting filled lower which keeps happening
You are a gambler who bought an empty shell of VSHC before MVNT even bought the shell, so stop with the nonsense.
It helped the stock when people were making money off of it, what you meant to say was, "I didn't make any money because I suck at trading so I am upset"
Well except for many people making a lot of money.
Yes you do just say the same thing over and over again and yes you do have nothing at all to show for it
ASk at .0187 started at 20k with now 70k slapping it and GTSM raises it more to 47k, more and more games
Looking good overall, lot of key SMA's in the low .02's, get above that and create that as support and a bullish reversal in progress. Ideally, the more this can start to reverse, especially on low volume the better, build a higher and higher support base before news and potential volume surge.
I don't see much of this so called cheerleading, I see people talk about the trading action, L2, the chart and so forth.
Not anymore ridiculous than making the same complaints day after day week after week on a penny stock message board.
For June, INTL showing zero shares in volume and JANE only 160k, but my understanding is the monthly share stats only show sell side volume, being that you can only show one side of the trade to get to total volume.
It would of course be nice to see the buy side volume by MM, but of course the powers that be do not want us to know too much info
Not in the grand scheme of things, but INTL with a 400k bid, JANE being as active as they are, the very weird trading with little shorting , the continued bid support in the low .01's still all points to more going on than what is currently being seen
With how little attention MVNT has gotten for near a year, who is loading all the shares, why are non retail MM''s INTL and JANE loading, why such games for such low volume and low shorting?
I think if anything it is further evidence of why we are all here and further evidence of large pocket non OTC/Retail investors loading shares which we have thought for some time.
Yup, they have been hiding on the ask today, there are there somewhere, but to me it shows they want to buy and do not seem inclined to sell
Still showing for me, but sometimes mine seems a little slow to update
They have to be hiding, they are not supposed to but they have to be on the bid and ask per the rules, so they are hiding somewhere on the ask.
But yes, regardless JANE and INTL are non retail MM's, they do not route any of the retail brokers that people use and one would have to apply specifically with JANE or INTL directly to have them trade shares on your behalf. So indeed it is odd to have both these types of MM's, active at that on such a low volume, low attention stock and low volume and low attention for quite some at that, not like it was a massive popular stock a little while ago that fizzled out, it has mainly been a lower volume, low attention play.
Again with the action we have seen, there is certainly loading happening and a continued want for shares in the low .01s and it seems to be at times from non OTC retail type players
I don't believe so, you can only see the monthly total volume by MM after the fact
Interesting, no they were not
Just need the near 1M shares on the bid at .0112-.0102 to move up a bit
JANE has consistently followed retail orders up the bid, I feel they are the ones that are the cause of double prints and some of the other odd action at the moment, the question is who are they loading for?