Movement Industries Corporation (PK) (MVNT) Cotización

I would take 3c just to get out---and be happy

what price did you get out at--if you dont mind saying

You were the smart one to follow your instinct when they lied..we just stock around on false hope and are now bag holders..imo, all of us are really pissed off at management and can’t take any more of their lies, falsehood and deceitfulness..they are going to pay the price via Sec complaint to start investigation into their actions. Imo, they need to come clean

Dont blame you

Hi, sold a Year ago because they were lying. Was checking to get back in, but this is not for me anymore

Lol, it took you one year to reply? Where have you been

Yep, trading in the casino is very difficult.

But my experience is that buy and hold hardly ever works.

I could have won big one time with buy and hold, but 1 out of 50 isn't very good odds. lol

Sometimes poking the bear does get results.

Or, you get eaten.

Although, I am getting the feeling I lost at the Casino once again

Never easy in the Casino

Haha, I disagree with last statement of “ money is the root of all evil”. I think that money is good but instead people are the root of all evil when used improperly. Lol

I completely agree with you. However, I still have some slim hopes that Linh will come through with some kind of EOY explanation and some forward-looking positive goals.

I say "slim" because I don't really expect he will give us common shareholders much of anything. I wonder how much pleasure he takes from having conned us common shareholders not to mention his friends and family?

Oh well, such is life. Like the saying goes, "Money is the root of all evil".

Same here..I didn't want to believe my gut about the company’s many misleading promises so I still had some hope based on their latest post of August 16:

We are making steady progress on our Mexico project and are diligently working through the appropriate revenue recognition. Stay tuned for more updates as we move forward together!

Like you said, the annual report indicating zero revenues for the 2nd half of the year felt like an arrow in my gut! Then I knew pretty much that we had been suckered. Imo, it really cemented their blatant misinformation, lies and everything else.

Thanks Chemist, I know you will be like Sherlock Homes! Don’t leave any stones uncovered..lol

I have 2 primary examples of PRs that were completely misleading and primarily fraudulent.

I don't know how we can prove that those PRs caused us to buy more shares of MVNT, but they certainly encouraged me to do so. I will try to search through MVNT's posts on X over the weekend. I will post all the examples I find of misleading and fraudulent information when I have completed my search.

Maybe GROK can help me! lol

I wouldn't give up all hope FMDK. Sometimes poking the bear does get results.

The $0 revenues for FY 2024 Q3 & Q4 are the straws that finally broke my back. This was totally unexpected and unacceptable for a company that is supposedly working on a contract with one of the world's largest oil companies (Pemex).

My efforts to communicate respectfully with management failed a long time ago. I can resurrect those e-mails I sent back in 2020 if necessary.

Why go to all this trouble if it doesn't help anyway? The management is completely overwhelmed, and such actions won't change that.

I believe Chemist would be the more qualified person to search the background info for the past 5 years. He has done lot of work already in this area and basically it needs be summarized for the letter. Once we get that, I can incorporate it into the letter as well as other additions/changes/revisions that other people want to make. Once completed, we can see the final letter and it can then be approved by all who want to put their names in it.

I have no problem taking the lead to sign once completed. But someone more educated will have to compose the letter it not in my wheelhouse this needs to be very professional. We should all reread all X and PRs and find as many mistatements false numbers, falsehoods,etc. and someone draft a professional letter. going back at least 5 year's. Let's all do our DD and post what should be in the letter. This well take a little time but we must be thorough and accurate in our research we also need everyone on board in signing.

I wish I could take the credit but after inputting few things in Chat Gpt, thats is what we got and I was pleased with results.. i did some bit of editing but most of the content was from Che gpt.

Someone else needs to develop the background section of the letter and lists specifically the false/misleading pr’d, X posts, and other situations.
Once again, this is only a draft and anyone should add/delete/revise anything they see in the letter.

I believe that you are one of the shareholders with the most shares so I would recommend that you take the lead and sign the letter as the primary shareholder.. all of our real names should be listed as the other supporting shareholders following the primary signatory name.
Ideally, everyone should be a signatory but not sure how that can be done.

Very nice

Yea, I'll participate, too. Maybe also write down how many shares we each own next to our name.

I like it very professional.
Everyone should read it I have nothing to add if you see something to be added please comment. tmcfo you did good my friend. When it's all ready to go we should figure how everyone can sign it.
Thank you tmcfo🍻

Very nice !!!!

Imo, this could be a sample letter:

[Date]

[Recipient’s Name]
[Recipient’s Title]
[Company Name]
[Company Address]
[City, State, ZIP Code]

Subject: Demand for Immediate Action Regarding False and Misleading Press Releases

Dear [Recipient’s Name],

We are writing to express our serious concerns as shareholders of [Company Name] regarding the dissemination of false and misleading press releases, X posts and etc. over the past five years. These actions have adversely affected the company’s stock price and have caused significant financial harm to shareholders.

Background:
• False Press Releases: [Provide specific examples, including dates and titles, if available.]
• Misleading Information: [Detail the inaccuracies or falsehoods contained within these press releases.]

Impact on Stock Price:

The dissemination of inaccurate information has led to a decline in investor confidence, resulting in a negative impact on [Company Name]’s stock price. This decline has caused substantial financial losses to shareholders and has undermined the company’s market reputation.

Legal Implications:

Disseminating false or misleading information to investors constitutes a violation of federal securities laws, including the Securities Exchange Act of 1934. Such actions can lead to severe consequences, including regulatory enforcement, legal action, and significant financial penalties. For instance, the SEC has previously taken action against companies and individuals responsible for issuing false press releases that misled investors.

Demand for Action:

In light of these concerns, we formally demand that [Company Name] take the following actions:
1. Immediate Cessation: Cease the dissemination of any false or misleading press releases.
2. Public Retraction: Issue a public retraction of all false or misleading press releases issued over the past five years.
3. Internal Investigation: Conduct a thorough internal investigation to identify the individuals responsible for the dissemination of false information and take appropriate disciplinary action.
4. Compliance Measures: Implement robust compliance measures to ensure the accuracy and truthfulness of all future communications with investors and the public.

Consequences of Non-compliance:

Please be advised that if [Company Name] fails to take the requested actions within 14 days from the date of this letter, we will have no alternative but to consider all available legal remedies to protect the interests
of our shareholders. This may include filing a complaint with the Securities and Exchange Commission (SEC) and initiating legal action for breaches of fiduciary duty.

I trust that [Company Name] values its shareholders and will address this matter with the seriousness and urgency it warrants. Transparent and honest communication is essential to maintaining investor confidence and upholding the company’s integrity.

We look forward to your prompt response detailing the steps the company intends to take to rectify this situation.

Sincerely,


Your Name]
[Your Address]
[City, State, ZIP Code]
[Email Address]
[Phone Number

[Your Shareholder Identification Number, if applicable]

I'm in we should get as many signatures as possible.
Is any of our shareholders a attorney or paralegal of any kind? It would be a lot more effective coming from one.
How can we get our signatures on the brief.Email or text let my son and I know we will sign we should get it notarized.

I agree, we should do it as a group not individually.. we can list all of our names on letter to Movement along with the person who sign it

Any help in any way--im in for it.

Skulls I will do anything that would help you in this project--from money to legwork---thanks

Do we have 1 among us who can draft some kind of legal letter to get Lihns attention--I would be more than happy to contribute to such a cause.I wouldnt expect it to be done for free as it probably includes lots of legwork legally.

Count me in!! I live outside the country but you can add my name

We can all sign it. 
Someone with more intelligence than I, draft up all the promises and misleading post on X the PRs
I and my son will be happy to sign it. I just printed out the SEC format will fill it out and mail it in. Or we can do it individually. I feel we need at least 30 or more shareholders. Putting this on X, reddit, etc. is a great idea especially if a few of us do it.

we need one of our group of longs willing to do the legwork---that sounds like a good idea but can we show any proof.Any of our longs informed on the law process to put a little pressure on him.(Linh)

That would be a great start. Imo, the individual who has the most shares may be the one to sign it if he is wiling to do so.
This is shaping up as a shareholders revolt that is overdue!

Below are the parts of the Complaint Form I'm most interested in developing. If anyone is interested, please let me know. Don't worry about who's name to use on the complaint form, we can work that out later.
Tell Us About Your Complaint

* Please describe your complaint in as much detail as possible, including the full name(s) on the account, the exact type of account, the dates of specific transactions or conversations, the name or ticker symbol of the security(ies) involved, and the names of all the people at the firm you have contacted about this complaint.

What types of documents would you be able to provide us if requested?
Canceled Checks
Correspondence to and from Firm
Advertising or Marketing Materials
Notes of conversation with Firm
Other

If someone can fill out the SEC Complaint Form, I will post it on their X account. Maybe that will move the needle?

The interesting part would be how tweets are handled legally. There are no safe harbor statements at the end of declarative tweets indicating favorable outcomes for shareholders which very clearly have turned out to be false. There is no ambiguity in “ will begin to generate monthly recurring revenue.” Or “ know that processes are being put into place to prevent future delays. ” … idk what the best route is but the one we’re currently in certainly isn’t it.

Hahaha, good one! I am sure he will thrilled to do it
I believe Gemstone suggested to post these on X as there are more followers there

I nominate FMDK! lol

I agree, but who has the balls to fill it. I am close to reaching the post limit for today

tacos, and shareholders 
I'm in I'll draft my notarized letter. 
Send it signature required register mail.
Also will contact SEC do same.
We should have as many shareholders send MVNT & SEC strong disapproval letters. There's strength in numbers two or three will not cut it..!! Send our frustration.
And disapproval to MVNT CEO
All please join in its a lot more positive then just bitching on this board.

SEC Investor Complaint Form: https://www.sec.gov/oiea/ctest.html

Before filing a court case, I would think we should try filing a complaint with the SEC first.

They have a standard form for securities complaints, and I will post a link when I find it.

I definitely agree and will lend my electronic signature to any letter I find reasonable and acceptable.

Imo, that safe harbor statement would not shield them from false/misleading statements. I am not a lawyer too but my thinking is that anyone can suit anyone for credible reasons but that doesn't mean that you are guaranteed to win in a court of law

Don't forget the "Safe Harbor Statement" at the end of most PRs. For example:
In addition to historical information, this press release contains statements that constitute forward-looking statements within the meaning of the Securities Act of 1933, as amended, and the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995, as amended. Forward-looking statements contained in this press release include the intent, belief, or expectations of the Company and members of its management team with respect to the Company’s future business operations and the assumptions upon which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance, and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Factors that could cause these differences include, but are not limited to, failure to complete anticipated sales under negotiations, lack of revenue growth, client discontinuances, failure to realize improvements in performance, efficiency and profitability, and adverse developments with respect to litigation or increased litigation costs, the operation or performance of the Company’s business units or the market price of its common stock. Additional factors that would cause actual results to differ materially from those contemplated within this press release can also be found on the Company’s website. The Company disclaims any responsibility to update any forward-looking statements. That probably protects them against any legal actions. But who knows? I'm not a lawyer.

Hahaha, you want me to be the guinea pig! Imo, this should be a group of shareholders that signs the letter not just one. It would lend more credibility.

tmcfo, sounds good to me.

Why don't you lead the charge and send that letter to Linh Nguyen via registered mail. Use his MVNT address. That way he will have to sign a receipt that he received the letter.

It would be interesting to hear his reply on X if any.

Address on Movement Industries website:
6829 Flintlock Rd
Houston, TX 77040

I'll chip in a few bucks for the postage if you want. lol

I thought so. LOL

Sounded way better than I could!

I've used GROK once but haven't tried Chat GPT yet. lol

My main question is, "Where are the revenues from these projects going?"

That is it in a nutshell. They are a ongoing concern, appear to be busy

Oh well, never easy in the Casino

Yes, I agree. I only used Pemex contract as an example but there are many more including yours that can be considered misleading such as the pr announcing the acquisition of Velocity in 2019 which never happened..

I believe they have made a lot of forward looking statements without proper disclosure on Twitter that have not come to fruition and can be held against them legally for misleading shareholders greatly.

8/16- “ A big thank you to all $MVNT shareholders for your continued patience and support! We are making steady progress on our Mexico project and are diligently working through the appropriate revenue recognition. Stay tuned for more updates as we move forward together!” no updates have followed since. Very misleading and dishonest, obviously this could change.


4/15- “ Our remote sensors are continually getting installed offshore and will begin to generate monthly recurring revenue. ” the following two reporting periods indicated this was patently false. No revenue was reported.

11/14/2023- “ Our 6/30/23 Company Disclosure has been uploaded to OTC Markets. Management acknowledges the delay in reporting and wants loyal shareholders to know that processes are being put into place to prevent future delays.” this to was patently false as since that statement all fillings have been delayed.


Anyways I think there are many instances in which linh has maliciously mislead shareholders and should be held liable for damages.