A quick but long summary:
Initially roll up 5 companies that are complementary, strong management teams, little or no debt and substantial growth potential. 2018 revenue of $25m, targeting $100m in combined long term revenue. First group, Hi-Alloy Valve, Velocity Manufacturing Corp, Predominate Pumps, 2 Mexican companies. Also acquired SGX Industrial.
Company Update on 12/19/2019. Great read for summary of all 2019 achievements. Including, huge interest from over 12 additional companies wanting to join the company's team. Evaluated these over the summer and early fall of 2019 and decided to bring in at least 5 of these companies. The result is that the Company’s overall product and service offerings will be much broader in scope and serve a wider range of industries than was originally planned.
With this, the company has more than doubled its internal revenue targets for the next five years. That would be $200m+.
Company will control the supply chain. Design, manufacturing, installation, service and monitoring service providing recurring revenue.
12/5/19: The company is also in talks to acquire an artificial intelligence platform that would be paired with the monitoring solution to provide decision-making capabilities that will allow upstream operators to replace flow control components used at the wellhead before they fail. The combined set of products represents Movement’s focus on new technology differentiators as a core component of its overall solutions strategy.
1/15/2020: New South Texas Sales Division: First to offer the Company’s flow control monitoring solution to its customers. Projected first year annual revenue $4m and positive cash flow in its 2nd month.
Additional:
Retired 230m common stock shares reducing approximately 43% of common stock.
Raised funds with friends and family preferred B shares. Restricted for 2 years. Shows long term commitment and smart structuring.
Tweet in April 2019, no employee layoffs, maintained forward momentum with business strategies, retained all their customers whose work is deemed essential businesses.
No appearance of dilution or toxic debt in over 2 years.
Manufacturing is its core business with capabilities to adjust to new opportunities in multiple industries.
8/14/2019: Mr. Sami Suheil, current CEO of Predominant Pumps, will be joining the Movement Industries management team and will also serve as a member of our strategic direction team. Mr. Suheil, a serial entrepreneur in the energy space, previously founded two companies, vMonitor and Merla Wellhead Services, that were sold within 5 years to U.S. publicly-traded companies in separate transactions.
11/21/2019: Releases Details on its New Process Solutions Division: 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. “Our strategy is to utilize our core manufacturing capabilities to create product lines used in multiple industries to increase our margins, and then to package those products with services to create comprehensive solutions that provide predictable long-term, recurring revenues.
Verifiable business with in person visit from Roag Trader, Google Earth search and so much going on.
Feeling is these businesses will be consolidated, get history of revenues, set up the monitoring solution with long term recurring revenues and set the company up for a buyout. My guess it at the 5 year time period if goes as planned.
Nice cup and handle formed, we just need the news. Hardly no shares for sale at this price, accumulation and mm could be in trouble as this is not their typical p&d.
Personal opinion: It will all be revealed "soon".
