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gotta love the box
The owners are running multiple businesses out of the same industrial location, which all seem to be operated as a "family" business (despite the fact that MVNT is a public ticker). They appear to me to personally view the businesses as different departments their family is working on. So, just looking at it that way - I see the question as whether you think they know how to run a business - if so, then success for the department that is the ticker seems an eventuality.
If you think they don't know what they are doing, then why be in it? Upset about lack of info sharing - same. Similarly, if it is just not happening "fast enough", that's just the nature of things. It'd be a lot more fun if it was developing faster!
Velocity seems to do fairly well, year in/year out. So I'm still betting the owners know how to run a business.
yes .. if they decide they want to go all digital after trying out MVNT products, they could easily just buy it
It wouldn't even dent their bottom line
This is a big deal - this company PEMEX is so huge, it could easily decide to just buy MVNT and its tech for $1-$2.
Petróleos Mexicanos, byname Pemex, state-owned Mexican company, a producer, refiner, and distributor of crude oil, natural gas, and petroleum products. It is one of the largest petroleum companies in the world. It has long been a major source of revenue for Mexico’s federal government, contributing as much as one-third of the national budget, though its contribution to federal revenue and national GDP declined significantly in the 21st century. Its headquarters are in Mexico City.
As of 2022, its assets were valued at something like $115 B on statista.
do better
Actually I took the numbers straight from the competitor price listings - and used the high end. Look, I hope it is much higher also - but reality may disagree with hope sometimes.
Didn't say that.
Just noted that the particular market, for this particular product, is backlogged.
Just like when automakers had backlogs for chips --- you get them wherever you can find them.
I wonder how much they are charging for the Container Skid and pumps with IoT. Best I can tell, their competitors are charging around $50,000 per skid setup and about $5,000 per injection pump - photo looks like there were about 10 of them - so with the skid could be $100,000 Order right there. On the upside, their competitor DXP Enterprises noted in their recent quarterly phone call that their demand on this stuff is "backlogged" which means it should be ripe for MVNT to add supply to the marketplace.
Would have much preferred something along the lines of "Breaking News: MVNT acquired by Chevron for $2.5B"...but I suppose people in hell want ice water also
Enormous bids showing...multiple and deep over 10M per bid ....anyone know what is with that...simply MM accumulation? For what?
A week now. Not days. So...another lie. So, nothing has changed really. Movement Industries Corp continues to lie - water continues to be wet. Hopefully they eventually get it together.
Exciting updates "in the coming days" -- what are the odds its less than a week? (if more, in which case its really "in the coming weeks")
I agree - the day I see them do an offering of a ton of shares I'll change my thesis, but so far they just are not using the public ticker at all, not pumping, not doing anything but putting their own money into a mostly unheard of public company. It could go pretty high with the low share count - multiple dollars are not out of the question. People just get frustrated because they want it to happen quickly out of impatience.
Meh - share structure still the same, still no effort by mgmt to use the ticker to make money - so either they willfully are throwing away over $1M of family money, or something is in the works. Impatience/frustration isn't a reason.
Hahaha. So true!
Might not be that far away - if they do a $15M capital raise and simultaneously reverse split the stock so that the $15M buy is purchased at around $3-5/share, its a done deal. Probably 15 or 16 to 1 for around 100M share count
meh - you paid less for it than the cost of a hot dog though, you can't really expect it to become Exxon, so why pretend otherwise?
We kind of don't know what their progress is at all, so how can we say whether it is "pathetic" or not?
Granted, their communication is definitely "pathetic" -- IF, a big IF, they care what any shareholders other than the controlling family members think about the extent of their communications.
But, considering that a family has 2 people with full majority voting control, and their friends and family all have a taste, and they definitely KNOW what business they are doing each day, and they definitely KNOW what employees they have working on what tasks, and they no doubt speak to their friends and family on a weekly basis or have lunch together, etc, etc. --- what is the real reason they should care about what any of their other severe minority of shareholders of what is literally a penny stock thinks or even knows. Particularly if they consider it a pain in the ass to provide updates on what is basically a family business?
All huffing and puffing about being a "publicly traded company" aside - the shares are cost 1 cent, and there is no real penalty to them for not doing more than the absolutely minimum filing requirements. Zero. I mean, they have no incentives - they know exactly what they own, and what they put their family's more than a million dollars into.
The rest of us just wait, and hope the tea leaves are correct.
Echo
What a fantastic day for the stock markets - things are really looking up! Go MVNT!
That would be nice
Who knows - maybe he has to - I know if someone I didn't know sent me an email like that I wouldn't respond.
Interesting - he said diligently (not expeditiously!) But at least it does seem to confirm that something is going on behind the scenes.
I'm not sure who wrote that inquiry - but it seems really rude to refer to someone you do not know personally as "Jacky" or "Jacky Baby" - regardless of being upset about the company not moving as quickly as you might like them to. Lucky to get any response, perhaps we could have learned more without that nonsense.
I take a measure of solace knowing that if this stock --- the one with zero dilution, and a long-existing set of family owned businesses with real employees at its center that just happen to want to go public and invest $1M of their own money -- goes belly-up without first even trying to pump or dilute in any way - then at least those core owners are losing a hell of a lot more money on it than I am. Not to mention a lot of hours/years of their own time and effort.
So your thesis is: Nothing great is likely to happen in the future months, simply because you haven't heard what you wanted to hear in the past?
All this volume churn today - unfortunately its less than $75k changing hands, or maybe being OTC pushed back and forth between the same hands? who's knows
Still comes back to follow the money.
Nobody spends the money to go public with their private company, and then doesn't use that public ticker to bring money into the company via share issuances, unless they have much bigger goals in mind.
For me it still comes down to the fact that this company hasn't tried to use the public ticker to raise any money - though that has been available to them for years now. Seems like a good reason to keep the faith.
Now that is an interesting speculation - Petro going public via RM with MVNT - that could have some interesting stock ramifications
This would be a good explanation.
Today's psychotic Diva Meltdown brought to you by....
Wow - 2 shares - somebody must know something!
Has anyone - instead of trying to reach or get a response from them - anyone tried to place an order for valves and still not gotten anyone on the phone?
No matter how little they communicate, no matter how many frustrated comments I read, it is simply undeniable that there is absolutely no action that has been taken by the company with regard to them trying to make money off the existence of having a public ticker.
They haven't been diluting, they haven't been pumping, they've put their own money into it, and they have sold shares to family and friends. Also, none of them seem to be selling any of it.
They also aren't taking out financing on the ticker.
These are not bad things.
What do the FFs know? None of them seem to have been shaken out by the cycle of market price - or lack thereof - and they don't seem bothered by a lack of public information.
It looks like Velocity is where the "real revenue" should come from - 16 year old business
December 19, 2019, pre-covid, MVNT year end news release stated: "The Company completed its initial acquisitions of Hi-Alloy Valve and Velocity Manufacturing."
Does anyone have any information on the annual revenues for Velocity Manufacturing?
Oh, boo hoo....toughen up buttercup!
Yes, that is the information bit I was thinking of - the SaaS solution. I think that was quite awhile back now when that was said, so I'm thinking they might be much further down the road on that now.