Movement Industries Corporation (PK) (MVNT) News

It's trading as thin as any ticker I've ever seen. A million share day would run this to 4 or 5 cent

Short short and short. Can’t wait till they start releasing news. Should be fun.

20240924|MVNT|22000|0|24000|O

Nice recovery today..thanks to the painters!

Hi Ho Silver......AWAY!

I saw him….he was riding off into the sunset on a white horse

I have 13 OTC tickers currently.

I've divided them into 3 groups.

Group 1 I have assessed to have a reasonable chance of success (33%+).
Group 2 are total failures (less than 2% chance of success).
Group 3 are tickers I don't have enough current information for to assess their chances.

I used to have MVNT in Group 1. But I have changed my outlook enough to put MVNT in Group 3. If and when MVNT files their FY 2024 report, I will reassess my outlook for MVNT.

Until then, good luck to all MVNT shareholders. Just hoping I don't have to put MVNT in Group 2. lol

BINGO! You're spot on as usual sctts. lol

Its a Casino

Always was , still is

If all OTC pinks were priced at their book value almost all would be under a penny. jmho

MVNT's book value is negative according to their 2023 Annual report.

Even MVNT's revenue per share was only about $.0026 for FY 2023.

https://www.otcmarkets.com/otcapi/company/financial-report/386323/content

So is MVNT overpriced at >$.01? Or is there something else that attracts buyers to OTC tickers?

Think about it.

In balance sheet terms, the company has hardly any value. In this respect, the low share price is not really surprising.

Believe me, if anyone tries to tap the ask, two things will happen quickly.

First the buy order will be filled below the ask, then quickly followed by the ask dropping as well.

I've been watching MVNT long enough to make that prediction fairly confidently. LOL

Still am surprised they let the ask stand at .024

They usually drop that down as well

Even the HUGE rally in 2021 started with an opening trade at $.0222
https://www.barchart.com/stocks/quotes/MVNT/technical-chart?plot=CANDLE&volume=total&data=DO&density=M&pricesOn=1&asPctChange=0&logscale=0&startDate=2021-03-15&endDate=2021-05-21&daterange=specific&indicators=ACCUM;RSI(14,100)&sym=MVNT&grid=1&height=500&studyheight=150

Great open today ($.0151). MVNT going nowhere until bids start coming in at $.0200 or above.

jmho

Good Morning Everyone !! GO $MVNT

You're correct. Volume is the key to open the door of opportunity!

MOO (my own opinion) >

Up 17% on 19k volume. The very definition of thin. Sure it could go down just as easily, but it indicates shares are being tightly held. Any volume and she flies.

right on the button--good post

Lets keep the price moving in the right direction

My guess for the JV partners is Velocity and USR drilling

Read that PR carefully.

It does not say that MVNT has a joint venture WITH Pemex, but rather a JV with 2 other companies to do a "joint tender bid" **TO** Pemex. The other two companies are not named in the release. Presumably they are also smaller niche suppliers in the oilfield service/monitoring space, and individually none of the three can offer the full suite of capabilities that Pemex wants for remote monitoring.

"...Sami Suheil, Vice President of Technology, adds, “The joint venture is an alliance of three companies that have entered a joint tender bid to Pemex for the remote monitoring of well real time data for on-shore and off-shore operations in Pemex southeastern region. The entire joint venture team is excited not only about this initial contract but is also looking forward to the follow-up contracts and potential future."

It is a creative way for MVNT to approach larger accounts like Pemex, but they are still looking to SELL STUFF TO PEMEX. It is not a JV WITH Pemex.

https://www.globenewswire.com/news-release/2023/06/29/2697082/0/en/Movement-Industries-Corporation-Announces-Joint-Venture-Alliance-With-an-Excess-of-Ten-Million-Dollar-Contract.html

They already announced a JV

MVMT may secure Pemex as a customer, but there will never be a joint venture between the two companies. The relationship would always be supplier to customer.

We just need management to open up the lines of communication and this rips wide open. PEMEX JV could send us to $1.28

This is starting to look a lot better. Hand on everyone !! Won’t be long now. GO $MVNT

This will explode like me in the morning after eating all I can at the buffet in a Mexican restaurant

Lol, opened my account, whoa

Someone snuck 1 past the MM's

They quickly dropped bid /ask

Looks nice though

Lets continue the march upwards !!

This week!

Where’s Larry?

The trades were double prints. 100% divided by 2.

Nice round percent, 50. It is ready. Well, been ready.

Exactly, so hot that it burns your fingers. LOL

Movement is about to become a hot stock. It's going to have some crazy swings. Take some profit on the peaks and buy the dips. Likely we are about to enter into the stairstep. Next stop $1.28 😁

20240920|MVNT|55000|0|108100|O

There not letting those small buys touch .02 need a big strike

They will first take out the bid

Then their games begin

How do the market makers fit trades in between lol

Only 10K till .O25 Go Don Go

Thats me

Ok lets see someome take out the .02 on the prop bid

.0199X.02 that’s pretty tight LOL

Silver’s making some nice moves trying to catch up to Gold

I’m thinking after DJT gets elected unless these guys learn some communication skills. Should he win the whole OTC oil related stocks will run.

Larry
Can we say Very Soon?

Getting close to final call…

Larry's making the call......SOON!!!

Good Morning All !! I feel this is getting close to lift off !! GO $MVNT

Someone knows something…