RE:I will never invest in MVY! Why? The news releases...Smartereveryday wrote: Have you noticed that the MVY news releases often confuse "growth"? The company often states there is "growth" when refering to "deals" made to increase their digital assets (videos/audio) etc availale to users (like the deal with Shutterstock). But real growth for a company is usually sales and eventual growth in profits....not just expanding the store. So MVY seems to think (at least the impression I get), that just by increasing the product being offered, they are having "growth". Not good enough for me. I will stay away from MVY as an investor as long as I see that there is no "real growth" happening. The type of "real growth" that any serious investor looks for and needs before the "market" supports a stock price long term. GLTA.
You're actually not wrong. No idea how this company plans to actually grow. Have not seen any sign or communication of anything remotely close to a strategy. Maybe the moovly IR account can shed some light, that is if it's still being paid lol