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Why do you hope against DFO petroleum?
I think you were talking market cap. But I agree, the outstanding shares of 35 million look very promising and the fact that insiders own 16 million commons is even better. I love when insiders have skin in the game.
Could easily trader to $2-$3 range with good communication and confirmation of $25 million in yearly revs.
Ok great. Im going to guess that those revs are before completing the acquisitions they have lined up.
Anyone have an idea as to the size of the merging company Obocon?
some items i have found about the company lead me to believe that this is a well established private company being merged into this public shell. Curious if someone has an idea of revenue numbers
If CLST wasnt soaking shares this would have been a rocket ship already.
Anyone know about MM CLST? Seems to have hidden shares at each increment
Thanks for the detailed response. I happy to hear that they have publicly spoke about government contracts and like you said also have the personnel to accomplish said contracts. I purchased a month or so ago because i knew they were retail and had heard of the brand name. I took a quick look at the market cap and figured it was pretty undervalued. Now throw on the DJI layer i will probably stick around to see how this all unfolds.
Have they mentioned any intention of bidding on government contracts? I understand that DJI is on the naughty list and so the government needs to look elsewhere, but does RCAT have a path forward to government and commercial contracts?
Any idea where this could trade to? I see UAV$ trades with a $400Million market cap. If RCAT traded at the same market cap the share price would be $19.30
Thanks, picked up some when the fat shark acquisition was announced. Had known that brand from FliteTest youtube channel.
Getting some nice volume. Lets see if this really starts to get attention now. Could we see $10?
Nice news here. Time to start moving up.
Ill just be happy when they start to communicate. I would feel better with holding in silence had the F&F gotten commons.
Yup there are some aspects of converting from cash to accrual GAAP that might have been either to messy or not very flattering in the first conversion year. Fresh start probably looks much cleaner. But once again, communication with shareholders is necessary.
whats up with the buying here.
Im fairly certain that TNN acquisition is in the pipeline.
Hi-Alloy's old website shared assets with TNNs current website(exact same pictures of production equipment and products)
They are located on the same property(TNN also has a building across the street)
TNN's CEO recently posted on linkedin that he is retiring soon
MVNT sales rep has a link to TNN on his profile
while none of these confirm it 100%, they start to paint a pretty clear picture.
I think to get interest back to this stock like we had last year(higher volume days) they need to put out both forward looking statements and some sort of financial statements that show the start of revenue growth.
Trust me, i know that in the OTC both of the items above are mostly meaningless as they are not reviewed by an outside source. But my gut tells me that is what would be needed to get new eyeballs.
Other stock moving catalysts would be:
Announcement that Company has been buying shares(doesnt look this way per 6/30 fins) or insiders have been buying shares on open market.
Announcement of the closing of a fairly large company with large footprint(Like TNN MFG).
all my opinion, the otc is crazy so it could run tomorrow with no notice also.
I'm sure he will provide us with his previous posts and show us where he had stated this. /s
please show me once where, in the past, said that any other acquisition was in limbo.
That language is in everyone filing by every otc company.
This is the only Pearce Industries llc I find around houston tx:
http://www.wpi.com/about/
Big company listed as $250 million a year revs.
he is not pumping this stock, he just speaking truths about the OTC casino.
Where i disagree with him is that this is just another OTC stock. We will see long term if that is true or not.
While you are correct that stocks dont need financials or if they do they dont need good financials to achieve high market caps both in the OTC and more frequently even on the big boards.
What is required is that the company communicate their plans to bring value to shareholders and how to are going to try to achieve those plans.
I think unfortunately MVNT has already had its run when it comes to "getting current" or "cleaning up the shell". That happened last year.
I dont think you will see the next run until either the company comes out with forward looking statements that traders think will significantly bring value or they post financials that show revenue growth.
I personally hope they can show revenue on financials because that tends to bring stability to a run to a new market cap level. Obviously both significant financials and forward looking statements would be a best case scenario.
Seems i spoke to soon!
I'm very surprised its holding this price range after putting up $5,500 in revs for a year. Either the people holding this are the most patient understanding OTC bunch i've ever come across or the people who control most of the float are F&F / related to acquired businesses and know where this is going.
I'm sure the answer is somewhere in between. Still surprised there isn't more selling from OTC traders.
Agreed, but there is no defense for the way the company has communicated. Time for them to step up to the plate and act like they care about common shareholders.
I think likely they will be executing those acquisitions shortly.
The MVMNT.in website lists capabilities that most likely come from the mexico acquisitions and other capabilities that have to come from the predominant pumps acquisition.
not to mention them posting twitter videos and pictures of products that are produced from velocity manufacturing and predominant pumps.
Because despite the poor Qtrly financials including hi-alloy. Everything still points to this being a high revenue generating company once other announced acquisitions(and some unannounced) get wrapped up and reported. Also i think lots of shares are locked up "outside Ihub"/OTC traders.
I agree that they can choose when to fold them in whenever they want as they can date the acquisition as they see fit. Communication would be helpful obviously.
Would you expect the 9/30 fins to show any revenues.
If the 6/30 fins don't have any i'm not sure that they would have incorporated them in the 9/30 fins either.
The question is why are there no revs and when will the revenue generating acquisitions going to be wrapped into the public entity.
Company needs to speak and clear up these items. Lots of PR about revenues from the start.
I think everyone here is just as dumbfounded.
Would hope so. Since targeting $100m revs. I do see they increased the preferred shares which points to making room for acquisitions.
Very confusing. Company stated that hi-alloy had revs. Fins show basically 0 revs.
Nope, he is just using common sense. which to people without, could be hard to understand.
I reread the PRs since the start and if you read what they say i estimated the first 5 acquisitions at around combined $33-$35 million in revs per year. This doesnt include revs from the new $10 million dollar customer or the new sales division.
I think the next 5 acquisitions could have a run rate of atleast $25-$30 million. So i can see how they were saying $100-$200 million in sales with organic growth in the next 3-5 years.
If they post sales of around $30 million and PR acquisitions that double that revs then i dont see why we cant get to around $200-$300 million market cap with a enough hype. that would only be around 5 times revs.
I think we can all agree that its time for the company to deliver on proper disclosure.
I firmly believe the delay is due to integration of multiple(at least 5 and up to 11 that I have been able to connect) acquisitions both accounting and operationally. Some We know and some will be learning about once they start communicating.
I feel like I have a long patience and even mine is starting to run short.
You have to make the logic simple and if in person talk slowly.
here is the logic we are using:
If someone says they are almost turning 5 years of age then you could you not assume that this person has turned 3 years of age and 4 years of age?
no read again,
you were arguing how could someone say the financials previous 9/30 are done. And what i'm saying is that the language from the tweet says that financials previous 9/30 are done and 9/30 financials are near done.
He was using his powers of deduction. the tweet stated as follows:
"$MVNT shareholders, we are wrapping up the 9/30 financials. We will then upload all documents to bring the company current. We appreciate everyone patience."
"They are wrapping up 9/30 financials". that implies a state of near being done. It also implies they have completed financials for previous Qs as you cant be wrapping up 9/30 financials if you havnt completed the previous Q fins as they build upon each other.
"We will then upload all documents to bring the company current." this also implies that they have completed previous financials or they wouldn't be able to bring the company current without them.