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How exciting is this folks?
MVNT fans glued to their screens wondering if or when a trade of their favorite stock will happen today.
Will save adjusted from looking up short numbers today.
LOL
That 10K on ask sure looks strong.
Since noon, ask has been slapped with ~1M shares and still hasn't budged.
Talk about hiding your ASK size, what a great example of that! LOL
Gee, I didn't know that. LOL
Yeah, let's plan a demonstration. Maybe we'll get MVNT some TV coverage as the biggest undervalued stock on the OTC? lol
ILST actually holding up well, past 2 weeks.
To summarize trading since ILST peaked 2 weeks ago, it has traded from a low of 0012 (which is still up more than 100% from where it started) to a high of 0019.
Midpoint seems to be around 0016. Any close above 0020 would signal a "breakout" to me.
I was thinking the same thing!
Once MMs stop holding MVNT down, won't take much to get back over $.02 again.
What a relief that would be. LOL
Looks like my 2000 share purchase was "real" too.
2000 + 6400 + 41946 = 50346, voila!
Close at $.018 would be nice.
Probably won't happen though. More likely, close will be between 15 & 18.
just my own guess - lol
That was an MM to MM trade, right?
Just slapped the ask. Moved up to 18.
That was too easy. Something's up.
Do you suspect MMs know something we don't?
You must be "Carnac the Magnificent" reborn.
Both your predictions were spot on (bid is currently 37K, but I didn't check it at the open).
Now if you could only predict when MVNT's next financial report will be disclosed, then I would be a real believer in your psychic powers.
I love holding OTC cesspool EM tickers!
I have 2 others that I'm holding as well.
So I won't be selling or leaving $JPEX any time soon. You can either ignore my wry posts or just go with the flow.
Only lost souls still holding STHC shares (no offense crossball).
I have several other OTC tickers in the OTC cesspool called the "Expert Market". Since I don't trade with a Canadian broker all I can do with these EM tickers is SELL or twiddle my thumbs. ttlol
whoop-de-doo and la-de-da
Good thing MVNT is doing business outside US.
Although the Conference Board isn't predicting a recession in the US in 2024, it is predicting a significant reduction in business activity. See the quote below:
52-week low = $.00038 (pre-split equivalent) = $1.533
Big deal. One trade for $6 at 0006 - LOL
Nah. Management has long-term plan to sell MVNT.
imho
Basturds!
WTF? Any idea what is going on today?
Just speculation or something else?
I call fake bids at $.0101 -
If some of those bids were real, you'd think they would have joined me at .0102. So far, nothing but my 10K.
Guess NITE got all his open positions closed?
Who else has open short positions that need to get closed?
Hardly know your wife. How could I tell her?
LOL
Congrats. Hopefully 0115 is a great price.
I'm still worried about the several months possibly ahead without any release of 2024 financials.
Yep. 219K bought at $.0115 - rest got dropped.
Now ~65.8K on ask at $.015 -
Maybe MVNT can close at or near $.015 for no change on the day?
Good question. I'm watching closely.
310K bid at $.0101 - finally some big support!
I believe "other" things may be going on here.
For example, I have captured "cheap" shares with 11 trades the past 2 weeks. And yes, many of those trades were 5-digit trades. Only one time did I get shares at the ASK.
It's all very strange in my opinion.
Pink Limited guidelines for SEC reporters is confusing to me.
Normally PL can remain for a ticker up to 16 months after the date of their last Annual reported year. For SNPW that would be 16 months from Dec. 31, 2022 (FY 2022 was their last reported fiscal year). For most pink tickers that would mean they can remain PL up until the end of April 2024. SNPW just recently became SEC delinquent for not filing their 2023 10-K on time. Do you know how this circumstance would affect SNPW's PL timeline? I'm not sure.
BTW, can you tell me what IKHO stands for. Couldn't find much when I searched for the meaning of this abbreviation on both Google or on Edge. tia
Wonder how many read an iBox anyway?
I used to. But they are usually skewed one way or the other (bullish or bearish). You can usually describe any OTC in a bullish or bearish manner depending on which facts are presented and which are left out. Only for some tickers are all pertinent facts shown completely. jmho
IDK. Doesn't seem to be his style?
How did you know I had Cheerios for breakfast?
You sly dog. lol
"Shell Risk" was touted as a big negative by some.
Now there isn't a peep so far. lol
I usually write my posts as a neutral observer.
Even though I own over 2M shares MVNT.
You should know that by now. lol
If you call trading in the 01's all week good, then I can't argue with you on that point! lol
Is releasing bad news a good strategy?
Tough question to answer. On the one hand releasing bad news will cause a stock to decline, sometimes significantly. On the other hand, not releasing bad news fosters questions about communication (or lack thereof) and wild conjectures about what is going on behind the scenes. Either of these can also result in share price depreciation.
So it seems to me whatever a company might do regarding bad news (cover up or go silent), it will result in price depreciation.
I think this is what is happening to MVNT currently. MVNT hasn't released any bad news, but the cover up or lack of communication is definitely weighing on MVNT share price.
Personally I think MVNT may not have had a very good Fiscal Year (financially) for 2024. Therefore, they don't want to report it until as late as possible. That is why I suggested several months ago that I didn't expect to hear any news from MVNT until they file their 2024 annual report. I still believe that MVNT will not report anything officially until the 2024 report is filed. That could happen as soon as August (like they did in 2021) or as late as November (like they did in 2023).
Nothing anyone can do about this situation if true. Venting is about all one can do and that isn't helpful either.