Will this company perform and do as it says?
The last few releases are exciting:
11/21/19: "announced preliminary details on its new process solutions division. The process solutions division will provide engineering, manufacturing, fabrication and installation for mass transfer equipment such as trays, packing, distributors and ancillary hardware for the refining and petrochemical industries, as well as distillation and extraction units for the agriculture industry."
11/21: “package those products with services to create comprehensive solutions that provide predictable long-term, recurring revenues."
11/21:"mass transfer involves the separation and extraction of various usable end products from a raw resource such as oil, gas, corn or hemp."
11/21: "Movement has several large purchase orders pending for mass transfer equipment and extraction units and plans to have the engineering designs for several new products completed within the next few weeks."
11/21: "The company expects its new division to begin generating revenues early in the first quarter of 2020."
This company will have the entire chain. It will engineer and design the product, manufacture and fabricate the product, install the product and build this around servicing the product to create recurring revenues. The recurring revenues are important for a potential buyout down the road. It appears they could be getting into producing machines for hemp extraction and distillation industry. This is new.
12/4: "Our long-term plan has grown."
It appeared to me, their short term 1 - 3 - 5 year goal was to grow revenues to $100m. Long term goal...hopefully we know next week.
Should be more than $100m. I don't think they know exactly how much until they put it all together and see what opportunities they can capture. This company has so many moving parts since starting only 6 months ago.
This company is acting like a private company, not really wanting to release information until things are formulized and ready to go. Not like a OTC stock where it is the opposite. "Revenue from the new division in the 1st quarter of 2020". We will know shortly.
11/4: "Movement representatives are visiting our partner in Trinidad this week to discuss several exploration and refinery opportunities in the region. Stay tuned."
You have to wonder if this is playing into the long term plans and what is in the process from their meetings.
To get back to my original question, I look at the SGX acquisition announced on 12/5. The owner, who is already part of MVNT through Predominant Pumps, won't get paid for SGX until 2 years. He is also only getting paid $200k based on an .02 price. Not a bad price for MVNT and with the incentives with the deal "10k preferred shares per year if certain goals are met" says a lot. Not like a pink stock. He is going to work hard to bring the entire chain with recurring revenues together.
This insider sees what the company can develop into. He is not going to sale his company and wait two years to get paid if he is not confident. And finally, he is not going to want the price to tank where his stock is worthless in 2 years. I hope the company was and is able to structure the acquisitions the same manor. If so, this OTC stock is the real real deal.
There are no guarantees with any business, but this company is doing what it says and putting themselves in a position to perform.
All imo.
