Movement Industries Corp (MVNT)

[nsomniyak]

I doubt it.

I think they are restricted simply because management does not want to deal with those shares being sold to "the great unwashed" in the open market. I am sure the original conversation went like this "Here's an opportunity for you to buy into what we are doing at a very low price. There will be NO liquidity until we think we are ready, so don't ask.". Additionally, having a block of restricted shares with F&F helps provide a "voting block" if/as needed for corporate actions.

The shares have been restricted, and have stayed restricted, for a LONG time. That is totally inconsistent with your thesis that they are "still restricted due to a SPECIFIC material event".