The anticipation for financials / news is just crazy for those who are invested. Reading the releases from January, highlighting comments with my thoughts and adding to the anticipation.
Sorry for the length, hope you enjoy.
Movement Industries Corporation (OTC: MVNT) Announces New South Texas Sales Division
Press Release | 01/15/2020
"The division will also be the first to offer the Company’s flow control monitoring solution to its customers."
This is a key, the flow control monitoring solution, for a possible larger buy out down the road. Recurring, steady monthly revenues with high margins. Build this and look out.
"The new sales division will be responsible for sales of chemical injection pumps, valves, and other products that the Company currently sells as well as new products currently in development."
New products currently in development. Must be a demand for new products. Add that to the products currently selling. Look out.
"the creation of its new South Texas Sales Division set to officially open January 20, 2020."
The sales teams will push the new monitoring service. $4mm annual revenues, cash flow positive 2nd month. Might have slowed down, but companies will be looking for automation when they replace / upgrade equipment. Look out.
"The Company has already hired a regional sales leader with extensive experience and contacts in the region who will be responsible for building out the team of qualified sales and service representatives"
This is what you need to build a business in the oil and gas, extensive experience and contacts in the region. You have to have contacts to get your foot in the door. Wonder what companies he is in with. Look out.
Then there is this release 8 days earlier.
Movement Industries Corporation (OTC: MVNT) Announces Year-End Capital Expenditure
Press Release | 01/07/2020
"The fabrication machinery was purchased for the Company’s new process solutions division, which is expected to receive its initial purchase orders in the first quarter of the 2020 calendar year."
Process solutions division includes the monitoring solution. Initial orders, added revenue to what the businesses were already doing. The growth rate could be crazy for multiple quarters / years? Look out
"The CNC machines were purchased through Velocity Manufacturing to increase its production capacity to meet anticipated future demand based on its 2019 growth rate and existing sales pipeline."
Notice the "2019 growth rate" statement. There is growth in 2019 and in "Anticipated future demands", this might have slowed down, but it won't go away totally. "Existing sales pipeline", they are making sales. Look out.
"These purchases are the result of brisk demand for our manufacturing services."
Demand was there at the end of 2019 and going into 2020. Look out.
"We are pleased with our operational results for the past year and are excited about our opportunities for the new year.”
Pleased with results. They must have been on target or close to one way or the other and have opportunities for 2020. Look out.
"Most of the Company’s growth to date has occurred in off-balance-sheet entities. Financial results for these entities will be included in future disclosure statements once the Company has completed the transition to its new ERP system and made appropriate adjustments to its financial results for GAAP compliance."
This is the big hiccup, sort of speak, taking way longer than originally expected. They need an experienced CFO and a small support staff. Get this, look out.
My guess is they are trying to do this with incurring as little cost as possible. Taking on all the new responsibilities and adding to the existing businesses, plus all the consolidations of businesses, plus evaluating 12+ new business acquisitions, plus new business strategy, plus new business division, plus the never ending ever changing daily work in real companies, was probably more than anticipated.
Get this right and look out.
We just need to know. Give us the financials and look out.
All imo
Have a good night, morning and day.
AI
