Replies to post #26897 on Movement Industries Corp (MVNT)

[SooS416]

It is not spinning, it is what the PR states, they would become an approved vendor and start executing orders, not a stated contract for $XM

You are the one spinning it as a $10M contract which the company did not state. Notice they say revenues with the customer to eventually exceed $10M per year, not a $10M single contract but ongoing business that would grow to that level over time.

Hi-Alloy’s policy is to fully test every single valve it manufactures before shipping, so it fully expects to be approved. This customer purchases over $20 million in ball valves every year and is also evaluating Hi-Alloy for gate valves and plug valves. Once testing is complete and Hi-Alloy receives final approval as a vendor, it expects to receive orders soon afterwards with revenues from this one customer eventually growing to over $10 million per year.