Replies to post #70585 on Movement Industries Corp (MVNT)

[tmcfo]

Just curious SD, how long have you been in MVNT?

[Captt]

Being here for over 5 years it looks like they are getting ready to open the flood gates, we will see! Stock Detective you do a hell of a lot bring information to the board, I commend you my friend. Martinis are on me at the annual shareholders meeting in Belize. 

[chemist72]

MVNT has always advertised many different products for sale.
The problem has been and will continue to be that MVNT consists of only one corporate entity.
If you go back and look at their 2020 Annual report you will see the following note on several pages:

* The above unaudited consolidated balance sheet includes HiAlloy Valve, LLC ("HAV"). The acquisition of HAV was completed on July 23, 2019 and accounted for as a reorganization of entities under common control and as if it had been owned by the Company since March 4, 2019 in accordance with ASC 805-50 (see Note 4)

The following statement is probably the most significant in the entire 2020 report:

The Company’s consolidated financial statements include the financial statements of its subsidiary, HiAlloy Valve, LLC. All significant intercompany accounts and transactions have been eliminated in consolidation.

Also look at this sentence in Note 4:

HAV is a Texas limited liability company that manufactures API-certified industrial valves with an extensive product line of ball valves, gate valves, check valves, plug valves, and pig valves.

So HAV is a company that produces only valves of various types. The products you reference are NOT made and sold by HAV. They are most likely made and sold by Velocity and perhaps one of Sami's companies.

As I have said many times before, to unlock the true potential of MVNT as a stock, Linh must acquire Velocity and perhaps one of Sami's companies. Then we will really have something that is worth much more than HAV alone.