Movement Industries Corp (MVNT)

[GLee17]

Waiting Waiting Waiting

I believe the waiting will be worth the time.
I was reading the 12/19/19 update and think about the accomplishments during basically 6 months and then think about the time involved. This is a real company that probably took the majority of the owner's/management's time just to run, oversee and plan for future sales of the business. Bringing in these companies and their existing business and add in all the accomplishments, pretty good year.

They appear to be in step with their plan, guessing slower than what they want, but in step. They have not pumped this and appear to be taking time to get it right the first time.

I also like the first quote and last quote from the CEO in that release as shown below.

Movement Industries Corporation (OTC: MVNT) Provides a Company Update
Press Release | 12/19/2019

Mr. Linh Nguyen, CEO of the Company, stated: “From the very beginning, our focus has been on generating long-term shareholder value by creating a great company with predictable revenues that can weather significant fluctuations in the economy. As such, it has been a paramount concern of ours to create a solid foundation from which to build. Most of our efforts this past year have been spent doing the really hard work behind the scenes to lay this foundation.”

In closing, Mr. Nguyen had this to say, “It has been a busy year for us at Movement Industries as we began this journey as a public company. There have been many hurdles along the way, but we have laid a solid foundation and we are very optimistic about the future. We believe we are now ready to begin reaping the fruits of our labor and we expect the coming year to be a breakout year for us in terms of revenue growth".

We need financials and see how they weathered this downturn.
Imagine coming through this period in good or better shape.
We are about to see.
All IMO