Movement Industries Corporation (PK) (MVNT) Noticias

Where do you think those 20 people work for?

Those sites are not reliable, they are all over the place. If you believe that “gentleman” that there were 20 people working, then it cant’t be Mvnt since those costs are not showing anywhere in mvnt financials. My only guess is they are under Velocity, not sure where else can they be. Unless, Linh has set up another company for the past six months and is ready to announce it. As the world turns, the mystery continues.

So your saying thay are out of business and are actually working out of Linh's garage right now? LOL Good one.

20 employees for MVNT is BS. Like you say maybe Velocity had 20 or more at one time.

Early on I remember seeing a group picture of Velocity employees in their parking lot. Counted about 70 people altogether.

However, according to LinkedIn, Velocity is down to 3 employees.
https://www.linkedin.com/company/velocitymanufacturingcorp/

Another business website shows Velocity has 20 employees and ~$4.4M in revenues.
https://www.allbiz.com/business/velocity-manufacturing-corporation_1b-713-849-1300

Here's another Velocity my AI search turned up. Different address, but Linh Nguyen is the owner. LOL
https://www.chamberofcommerce.com/united-states/texas/houston/machine-shop/7077451-velocity-manufacturing-corporation

All this info is sketchy at best imho.

Unless those employees are not under mvnt, most likely under velocity..

You can't keep 20 employees with the revenue disclosed

Why does everyone think Pemex is our only revenue source? They did fine b4 Pemex. 

I believe the real reason Linh didn't release the annual until the very last moment before the grace period ran out (Nov. 14) was because he wanted to delay the news of NO revenues for the last 6 months of FY2024. Remember that no quarterly has so far been released for Q3, likely for the same reason.

MVNT's chart for the 6 months prior to the start of the grace period, shows that share price was trading in a wide channel from roughly $.012 to $.022. So, if Linh delayed the release due to his fear that MVNT share price would fall too far, that didn't work out very well, did it?

Whether the failure of MVNT share price to gain any traction over the last 5+ years is due to bad luck or incompetency I cannot say. All I know is that if share price doesn't recover to at least $.02 (that's the equivalent price F&F paid for their Series B Preferred shares) then my losses will be in 5 figures. So naturally I'm still rooting for MVNT to succeed, but currently it doesn't look very good at all.

Unfortunately, without being able to look at the books of the other 2 JV partners, it's impossible for us to know whether or not any payments were made to MVNT or their other two partners.

I suspect that the $133,756 in revenues reported for Q1 + Q2 was money from Pemex for valves that HiAlloy Valve supplied for the project. However, this is just pure speculation on my part.

Not jumping to nefarious conclusions just yet

Found it a very informative article, facts were that Pemex has indeed put a hold on payments

Not saying they will not get paid, but not timely

And the largest most important vendors will get partial payments before smaller vendors

MVNT just needs cash infusions to keep the doors open, the other poster stated they were open and very busy

Lol, a enigma wrapped in a enigma...MVNT

I agree wholeheartedly with assessment for stock price trading range in the near term Only company/Linh can change that range with the announcement of catalysts that are verifiable.

"stock prices are heavily influenced by perceptions and emotions"
very true. especially on the OTC. For many OTC companies, fundamentals like revenue and earnings are negligible and so share prices are almost always speculative in that sense.

At this point, I consider MVNT to be highly speculative and without some explanation from Linh nothing will change significantly in the near term. I expect near-term trading will be mainly sub-penny but hopefully range bound. For the past 2 weeks there have been only 2 trades that were above a penny. Otherwise, the trading range has been .0045 to .0100. My best guess is that without any news, MVNT will continue trading sub-penny for the rest of the year. Thankfully we have lots of holidays to look forward to in the interim.

The only concrete thing that we can lean on is the otc filings that company reported. Other than that, everything else is speculation and opinion.
The stock price reflects investor sentiment and expectations about the company’s future performance. While rooted in tangible metrics, stock prices are heavily influenced by perceptions and emotions, which can sometimes drive valuations away from fundamental value.
Right now, it appears that it is what’s happening and only time will tell.

What I will definitely not do is buy new shares and run the risk of throwing even more money at this lousy management.

I have no idea what you intend to do. Personally, I will hold the stock until it either bears enormous fruit or suffers a total loss.

What do I expect from you? Of course nothing! In your own interest, you should just slowly wake up and acknowledge reality.

I'm very suspicious of the motives of our brand new poster, Betemorfold.

Why did he show up out of the blue (alias born 11/22/2024)? Why does he cite an article from October 15, 2024, that suggests Pemex might not be able to pay all of their vendors, presumably including MVNT's contract for $10M+ with MVNT?

Pemex's revenues in 2023 were $91,985M (in US dollars). $10M is literally a "drop in the bucket" of that amount (0.01% approximately).
https://www.statista.com/statistics/539509/net-sales-of-pemex/

I for one do NOT buy into the fear, uncertainty, and doubt (FUD) that Bete is trying to instill in us shareholders. We have enough uncertainty as it is with $0 in revenues posted for the last 6 months of FY2024!

Hey genius! What do you expect us to do?

PEMEX may be financially distressed, but they're not going bankrupt any time soon.
See this article: https://www.reuters.com/business/energy/mexico-extend-67-billion-cover-oil-producer-pemexs-debt-2025-2024-11-15/

key quote from the article above: President Claudia Sheinbaum, who took office in October, has said that her government will continue to support Pemex and state-owned electric utility CFE because of the key role they play. (the part in bold is my edit)

Guys, wake up! What else has to happen for you to finally understand that something really stinks here?

That's the million dollar question..who do those 20 people work for, movement/HiAlloy? If they work for Movement/HiAlloy, why aren’t the revenues and corresponding costs showing up on financials? That’s the mystery that doesn't make sense.

20241122|MVNT|338100|0|736325|O

I think that’s why we really haven’t seen any large sell volume… while there are certainly many reasons to be frustrated and no reasons for any new money to flow in, they haven’t committed the cardinal sins that 90% of otc companies commit, dilution, RS, defunct, etc etc

The guy I spoke to said he worked for hi-alloy so there’s something going on here where hi-alloy is the breadwinner of the relationship with mvnt and mvnt financials are not showing that. Idk how that would work if hi-alloy was truly acquired by mvnt but their revenue isn’t going into mvnt fins…

I know exactly how you feel. I have never seen anything that would discourage me from holding this. I have continued to accumulate for that reason.
Yes they suck at communication. But I keep coming back to the reason I liked it in the first place. They have never diluted, ever. And they continue to put their own money in.
I don't know what the game plan is but I'm not leaving. I'm on the bid. They're not doing all of this for nothing and they're not stealing my money. I'm hanging around.

I wonder who is paying for the salary/benefits of the 20 workers….

Thanks for your explanation, much appreciated. I called too a few times but no answering from anyone so it was disappointing. . I am glad that the gentleman was able to provide you with some first hand info on company, at least we know that they are busy and alive. With that type of share holding, I can appreciate the concern and frustration that you and all of us have. As you say, let’s hope that there is something else positive going on that we don’t see.

Pemex is a government owned entity and not going bankrupt. Oil companies often curtail or stop new orders toward end if year. It said no new contracts until 2025. I work with oil support businesses and have been told this multiple times. Cut budget by $1 billion. Not to $0. They spend lots and lots of money.

Zero revenue would be if you were on a cash basis of accounting. On the accrual basis, you would record the revenues for the services provided and set up a corresponding receivable for the uncollected cash. If you doubt the collection of those funds , you would then set up a doubtful allowance against the receivable. I believe that is GAAP.

Everyone needs to keep in mind Pemex in not their only client. 
There is however 2 Q's of missing revenue... it went somewhere 
Do they merge that somewhere in?
Stay Tuned!

Not getting paid for products and services is certainly an issue, however at least their tech is getting into the market and being used. Hopefully that can help them with future buisness.

Per the article posted here, Adding to vendors' worries is Pemex's ongoing payment backlog. As of 2 October, Pemex's upstream division (PEP) owed Ps99bn ($5bn) to suppliers, with Ps81bn related to 2024 projects, Ps10.5bn from 2023 and Ps1.9bn from 2022, according to an internal document. Pemex's overall overdue payments peaked at Ps126.4bn in July.

Small vendors they ignore, some of larger ones they would make partial payments

MVNT has to suck it up and wait for payments for its boxes and Big Silver Balls

I didn’t ask. It was also my second call today as the first one went unanswered. I’d be pretty skeptical myself of anything on these forums but alls I can do is make the post. Olivia was out for the day so he was filling in for her and just taking down messages. He didn’t divulge any top secret info and was aware he couldn’t speak candid about everything going on. I own 7.6mil shares of this mind baffling company. I am just as frustrated as everyone else on this board but continue to believe there’s a bigger picture we just cant see yet.

The issue was Pemex hasn't been paying vendors, thus the zero revenues.

We shall see

We live in interesting times

What was the name of the “nice gentleman”? You must be the only person who got through company and it is hard to believe (skeptical) that this gentleman would give you that information

It's all just BLA, BLA, BLA, as you can clearly see from the available or non-available financial figures of MVNT.

Here's my guess. Revenue for small valves was recognized in Q1 and Q2 (HiAlloy Valve aka MVNT). Obviously not much for that part of the project.

Rest of the revenues from PEMEX project were recognized by the other 2 JV partners who are private companies. When the time is right MVNT will acquire one or both of those private companies which were MVNT's partners in the JV.

One of those companies is most likely Velocity Manufacturing (owned by Linh). The other is probably a company owned by Sami that makes the submersible injection pumps and also developed the control software. When this will happen is anybody's guess. But I'm thinking sometime in FY2025 or early in FY2026 (which starts on July 1, 2025.)

Thats why none of us no the real story yet if there so busy where is the Rev.?

Thanks Slightly for making the call !!!

Spoke to a nice gentlemen at MVNT for 5 minutes. They are very busy, working from 6-8 most days. He saw Sami just the other day and he’s still leading the IOT/monitoring tech. Pemex work is “rolling out” and keeping them very busy. About 20 workers in total and the vibes are good at the office… have a good weekend everyone

You maybe right, probably already been working on a merger scheme or buy out another company. Selling now is foolish and will miss on big reveal.

I'm on the bid at .004 if anyone wants to shed a few shares

I don't think they'll walk away from 2MILL and fuk over fam & friends

I haven't sold a share and if she drops more I'll scoop some up and lower my average PS. Doubt this is "THE END"

Seeing this board devolve into a game of “Guess who?” Is quite the turn of events. Anyways back to 52 wk lows and I see no reason for buying for the rest of the year with holidays looming and slow season doubt we hear anything from them until next year. Gl all, we were duped unfortunately.

Just found it curious that this new poster's alias started out with "Bete". Similar to Beita isn't it?

There's still no hurry to exit volume could just be MM's fukkin with share price in an attempt to cause people to dump

I've said many times this went south starting the day Beta left the company. I believe he was the driving force going public and building shareholder value.

gem, could Betemorfold be the revenge of Luis Beita??

I'm sure he could have carried a grudge against MVNT for these past several years since he was let go.

Well, when the price of oil drops next year
All producers will need to pump more
maybe next years annuals will look better