Friday, July 01, 2022 10:11:20 AM
Don't get me wrong. I believe Velocity Manufacturing has equipment, customers, and orders that are of great value. At least $5M in equipment as estimated by some. And Velocity also has revenues of around $10M (at least) as estimated on various websites.
The "catch" is that Velocity is not currently under the MVNT umbrella and remains technically a private entity.
Therefore, until Velocity is officially acquired/merged with MVNT, my opinion is that MVNT/HAV is not worth much more than the $1.5M in revenues that HAV (HiAlloy Valve) is trending towards (HAV rev in Q2 was ~$400K).
Imho, the only reason MVNT sp isn't below a penny is because the "market" is hoping/assuming that at some point Velocity will be acquired or merge with MVNT.
But until then, in the current market environment, I'm afraid MVNT share price will continue to drift in the $.01 to $.02 range. This is my conclusion from the current state of affairs with MVNT vis a vis Velocity Manufacturing.
I agree with FMDK to this extent. In the current market environment, its going to take actions, not just words for MVNT stock to get up off the floor and back to a more reasonable valuation with both HAV and Velocity as a part of MVNT!!
I've been waiting for 3 years for this to happen. How much longer must I wait??
Disclaimer: Do not rely on my projections or opinions to make a buy or sell decision. Always do your own DD.
Recent MVNT News
- Movement Industries Corporation Announces Joint Venture Alliance With an Excess of Ten Million Dollar Contract • InvestorsHub NewsWire • 06/29/2023 01:28:07 PM
VAYK Exited Caribbean Investments for $320,000 Profit • VAYK • Jun 27, 2024 9:00 AM
North Bay Resources Announces Successful Flotation Cell Test at Bishop Gold Mill, Inyo County, California • NBRI • Jun 27, 2024 9:00 AM
Branded Legacy, Inc. and Hemp Emu Announce Strategic Partnership to Enhance CBD Product Manufacturing • BLEG • Jun 27, 2024 8:30 AM
POET Wins "Best Optical AI Solution" in 2024 AI Breakthrough Awards Program • POET • Jun 26, 2024 10:09 AM
HealthLynked Promotes Bill Crupi to Chief Operating Officer • HLYK • Jun 26, 2024 8:00 AM
Bantec's Howco Short Term Department of Defense Contract Wins Will Exceed $1,100,000 for the current Quarter • BANT • Jun 25, 2024 10:00 AM