Replies to post #42421 on Movement Industries Corp (MVNT)

[SooS416]

Yup, I mean again the preferred shares were bought at .02 a share, meaning they need to be sold above that to profit.

There is no other dilutive shares out there outside the preferred shares so the float will not increase outside of preferred share conversion as it currently stands.

To me this means that a split cannot even happen to sell those preferred shares, with a float of 186M, even a 10-1 split wipes the float to 18M

So now the float is 18M with say using .04 as the price then becomes .40 a share, but now you have 25M shares trying to dump with an 18M float, the price would move under .02 so fast that those shares wouldn't even be able to sell without catering the price. So they need to keep the share structure in tact if they indeed to have those shares be sold and will need to get the price and volume up to do so.

So anything around .02 is easy money, IMO of course