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No need for rumors of acquisitions, just read the MVNT website. 90% of whats listed there isn't done by Hi-alloy.
At first glance the news seems thin. But let’s just look at one sentence for example.
“Agricultural Solutions – dryers, irrigation systems, greenhouse construction and equipment and industrial-grade, continuous hemp extraction units with capacities from 0.5-ton to 20-tons per day.”
If they even spent a couple PRs talking in detail and posting tweets with pictures of what this is all about. That would show them accomplishing more that most “OTC” stocks who claim to be in the hemp industry. And that is just a small aspect of what MVNT has going on.
this will build and trend up...the company will release more positive news which will accelerate the trend up..
if any of you out there cant see that then please leave the OTC...and consider index investing.
I was just thinking that. HT sold us down to .008 if I remember correctly.
I think its one of those "if you build it they will come" type of things. If the company continues to put out news of acquisitions and revenue target for those acquisitions then more and more people will catch on to what is developing and the price will take care of itself.
Upstream Solutions – artificial lift, site construction, site operation, site maintenance, asset management, predictive monitoring to prevent unexpected downtime, flow control and other products used at the well site
Downstream Solutions – turnaround services, turnaround equipment rental, predictive asset monitoring to prevent unexpected downtime, tower internals, flow control and other products used in refineries and petrochemical plants.
Those bold items sound a lot like Servicios Integrales Tamabra
https://www.sitamabra.com/
"WELL SERVICE
Measurement
Well intervention
Artificial lift
DESIGN AND CONSTRUCTION
Site Design
Metal
Mechanical
TRANSPORT
General Cargo Transportation
Crane Truck Service
Industrial Water Pipe Service"
This is true, some people lack the ability to see the big picture.
Shareholder rotation going on right now in the low .07 range. Getting rid of the sell the news folks. Setting up for a pop towards .15ish
Yup exactly... this PR screams that there will be consistent PRs through to Q4. Anyone selling now is truly a fool in my opinion.
This setup is way better then dropping one PR with to much information. this is the proper way to setup this stock for a much higher move.
The company indents to be QB compliant by 3Q21
do you think they meant by the end of 3Q21 otherwise they have a little less than a month and half.
yup this is just the place setting on the table. The 4 course meal is to follow.
they did say "Positive development materializing" in their latest tweet maybe it Materialized and now needs to be added.
Ain't that the truth.
Maybe they are taking a little longer to polish off the subsequent events section. We all believe the financial portion of the 3/31 fins will largely be identical to previous Qs
Yea ive had that one for a while and if you look at the other actuators and the control cabinets its the same thing. So either MVNT acquired Intesista or is selling their product in the US market.
Yea thats my opinion also.
Its from the Intesista website. one of the two Mexican companies that were supposed to be acquired.
https://www.intesista.com/en/products/electric-actuators/
Guys do me a favor, read the following two paragraphs and let me know if one is based off the other with a couple of words changed around.
MVNT Website:
"Electrical
Electric actuators are automatic devices that work directly with electrical supply, which ranges from 24 VDC to 440/3/60 Hz, they are used for automation of gate, ball, male, butterfly or dampers valves at a low cost.
The typical characteristic of these actuators is a continuous output curve for the entire stroke and that at electrical power failure is their last position, these actuators cannot vary the output speed. They have functions such as adjustments, control and interrogation in a non-intrusive way through the Bluetooth interface, as well as different communication protocols such as Modbus, Profibus, Foundation Fieldbus, Device Net among many others.
Operating times are slow at a rate of 5 sec / in. They are also equipped with a handwheel or manual gearbox, and can incorporate fire protection of the retardant, ceramic or mat type.
Its ideal use is where the electricity supply can be guaranteed.
They are not ideal for emergency stoppage or duct sectioning."
Another Company's website:
"Electric actuators are electric powered automatic devices, available from 24 VCD to 440/3/60 Hz used for low cost gate on ball, plug, butterfly and damper valve automation. Typically, these devices feature a continuous output curve along the whole run, and in the event of power loss, they remain in the final position. Actuators cannot vary output speed. Key functions are adjustment, control and non-intrusive interrogation through a Bluetooth interface, as well as a variety of communication network protocols such as Modbus, Profibus, Foundation Fieldbus, Device Net, among many others.
Operation times are slow at a rate of 5 sec/inch. Likewise, they are equipped with a wheel or a manual gear box, and may include retardant, ceramic or material based fire protection. Ideal for environments with availability electric power. Not recommended for emergency shutdowns or pipeline sectioning."
I dont see any excuses just facts. Ill add another to the fact pile. If the company is indeed thinking long term they will be on a major exchange, then not a single current shareholder matters to them outside of friends and family.
Im going to first agree with everyone that it sucks management didn't release a PR once current in a more timely fashion. Now i'm going to say that it doesn't really matter if they have the goods.
If they are what we believe they are... a real company doing real revenues and one day they decide to show that through PRs and financials then none of this will matter. the stock price will take care of itself and people will lineup to buy our shares....Everyone still posting here knows that which is why they are still here....
that's the unfortunate/fortunate truth. so we sit and wait......
Yea i agree and i dont believe the Co has an intention of dilution or they would have done it previous times they were current. I was helping someone who thought that now the company was current they were going to dilute...
I just dont see that as something that will be happening any time soon.
If there was dilution you would notice because there would be a pump to go a long with it. No pump no dilution.
in the 2019-2020 span where they were putting out news consistently they would often do it at either 11:30ish or 1:30-2ish
so lets see what they decide.
Good luck to those that have been waiting since January 2020 for formal communication from the company. I hope our patience will be rewarded and the company knocks it out the park.
Yes I found this odd also. Either they will be filing consolidated financials including other acquisition entities that have since closed and they want to announce the closing first before filing or they didn’t think ahead. Obviously I’m hoping for the former.
A disappointing trading for sure. But I have to assume the company has something interesting to tell us after being silent for nearly a year and a half. I doubt they went through the trouble of getting current without out having a string of news items ready to go.
Let’s hope starting Monday we see a MVNT of 2019.
Read back a week ago. I went after the company about communication or lack there of. I'm not all sunshine and roses. And I mostly dont agree with SOOS and adjusted about the level MMs shorting(I think its way less then they think). I only see ASCM as the one who sometimes gets short to control quick moving stocks, including MVNT the past couple weeks.
Bingo.... Countering views based on fact is welcome and everyone here encourages it, but emotions and trading don't mix. Its a recipe for failure and every trader should work to ride that from their system.
At this point I hope Larry is a flipper because if he has been holding through all the bi-polar posts i'm worried for him.
ok so you said they have issues with everything.. implying they screwed something up, no? When in fact them not being current in a timely fashion after submitting their atty letter on friday of last week is in fact not their "issue"
"This company seems to have issues with everything they do....Other stocks seem to have no problems at all... I don't understand it, but I will just wait and see what happens...Its just so disappointing whenever they announce anything.."
I'm not here to fight with you because you have already shown yourself to be an emotional trader over the last 2 years. I mean just two days ago you were posting "All in due time" apparently due time was 1 day because 2 days later you are upset the company has issue with everything.
Exactly so you don't know if they screwed up anything and the facts point to that this isn't their delay.
Please explain how this is the company’s fault.
Retail is listening. looking to move towards .09s only one MM left below.
Yup only 3 mms posted below .09
if retail stops selling into the bid this will move up quickly.
New 52 week high.
Looks like a nice response to that bottom. going for that green move right now...
I'm hoping that when this up lists in the next 15-30 days it will bring a lot of new eyes and volume. I also think the timing is perfect with Zip recruiter IPO at the same time. Could even get some more eyes this way with a comparison of Market cap and what a low revenue multiple this is trading at. Tie that together with the labor shortage and every company I know is utilizing recruiters to find talent which could lead to see some great organic subscription service growth.
Agreed. Always the trouble with start-ups. The CEO seems to think they should at least reach cash flow profitability at the $40 Million revenue point. They also have 28%-30% gross margins so you would believe it would be just a matter of scaling revenues will keeping overhead in check.
from 3/9/21 New release:
"We set off in 2020 to build out our platform, have scalable revenue, and end the year with a $10 million revenue run rate and a path for liquidity. With our 2020 objectives attained, our 2021 objectives are clear: continue to scale our platform revenue to a $40 million revenue run rate, achieve cash flow profitability, up-list on a national exchange, and continue to unlock the longer-term value of Recruiter.com as a billion-dollar brand."
Its sad. Am hoping the .0711 holds because that is the same intra day low we hit 5/4/21 which is the day after the new high. Could be a strong double bottom if it holds that area.
I have a target SP of $38.50 per share. Nasdaq Up list planned within 30 days. Current RCRT does $40mill revs per year. 14.5X rev multiple for their industry = $580M market cap and with 15 million shares OS(Post up list current OS is only 8.5m shares) = $38.50. Current SP $4.00 Labor shortage = hot recruiting market.
If you compare it to another competitor listing to nasdaq this month the valuation really gets solidified.
Zip Recruiter(Competitor) going public this month at $3Billion market cap and $400M per year in sales. $RCRT at that same Sales multiple would have a market cap of $300M and a SP of $20 or 500% gains from current SP of $4.
But Zip is expected to trade up to a 14.5x multiple or a nearly $6 billion market cap....
No matter which way look at it RCRT is very undervalued compared to its publicly listed competition and the technology they have acquired. Im also confident that the money they will raise through up list already has been allocated to announced acquisitions to double revenues over the next year
https://www.otcmarkets.com/market-activity/corporate-actions
Go here and select from the drop down “tier changes” it defaults to symbol changes. Click on some of the companies that have changed from limited to pink to get a timeline idea of when they filed their atty letter to being made current
Still pink limited. Looks like we are in for another day of waiting.