Agreed. On time is really the only thing that's relevant here. Let's face it, Velocity owns the equipment and manufactures the valves to the best of my knowledge so Hi-Alloy is just the reseller. Profits can be whatever they want them to be. All they have to do is adjust the cost of product to Hi-Alloy to make those numbers whatever they want.
It keeps coming back to the basics. The folks involved did not put $1M in this to have a 3-cent stock. I'm really not sure exactly what their plan is or when they plan on lighting the fuse, but they will at some point. Patience here is the key and since I'm approaching three years since my first purchase, I'm getting used to exercising patience. That being said, I also don't worry about the daily here anymore. The MM manipulation is occurring not only here, but in pretty much every ticker i'm watching. I have about 80-90 tickers on my watchlist, some big board but mostly OTC and most days I see all red with maybe 8-10 green. I actually think that they (the mm's) are shorting across the board to stockpile cash because they have been caught with their pants down on several positions that is going to cost them big bucks. This is reaffirmed in my mind by the way the Evergrande debacle is being handled. Evergrande is 300 Billion behind on interest payments that were due starting 12/10/21. Why haven't they been forced into receivership. Here's where it gets good! Citadel Securities (CDEL), the market maker we know and love, uses Evergrande assets to back their margin requirements. If Evergrande ever legally went into receivership or straight BK, CDEL would be liquidated by the margin call caused by the loss of backing.
This would cause major problems as CDEL has already stolen more money than they can pay back. Just a little food for thought!!! Go MVNT!
Some days your the bug, Some days your the windshield!!!
