Movement Industries Corp (MVNT)

[SooS416]

I am more under the belief that the shares are restricted due to a specific material event rather than any true need to be restricted. There is no legal reason why the shares need to be restricted.

For instance the 500k shares converted last December were issued as unrestricted, there is no difference between those 500k and the recent 9.5M shares as they were all preferred B shares.

So to me it means there are insider trading considerations with pending material events that caused them to restrict those shares until that news is released.