Marketing Worldwide Corp (MWWC)

[mdimport]

There are several Asher notes. Read the 10-Q carefully.

Asher are much smarter than MWWC management, they have plenty of capital, they're not under time pressure to cash anything in and they have a history of success.

MWWC management are a bunch of pumpers that have a history of dumping on their shareholders, the company is losing money daily, there's a mountain of debt and all assets are 100% encumbered.

Asher has pretty much all the cards.

Buy if you want to. Not my problem. I just feel the loan shark's have a much better idea of how to play this game than MWWC management.


+++

the Company has secured cash for operations under several Securities Purchase Agreements and Convertible Promissory Notes entered between the Company and Asher Enterprises Inc. that require the Company to reserve shares of common stock for future issuance. On April 17, 2012, the Company received funding of $47,500 from Asher Enterprises Inc. and was required to reserve 410,000,000 shares of common stock for future issuance under the conversion features of the Convertible Promissory Note. Moreover, the Company had 142,600,000 shares of common stock reserved pursuant three prior convertible promissory notes in favor of Asher Enterprises Inc. dated October 7, 2011, December 6, 2011, and February 1, 2012, respectively. Even though as of May 1, 2012, the total debt due in favor of Asher Enterprises Inc. is $183,000, the Company is required to reserve 552,600,000 shares of common stock (with approximate value, based upon May 1, 2012 closing price of $.0016, being $884,160) to honor the Company’s covenants under the Securities Purchase Agreements and Convertible Promissory Notes.

At May 1, 2012, the Company had 398,350,037 shares issued and outstanding and 552,600,000 shares reserved for possible future issuances to Asher Enterprises Inc. Moreover, at May 1, 2012, the Company has outstanding debt to seven Investors with conversion terms that (based upon May 1, 2012 closing price) might require the future issuance of 718,306,250 or more shares of common stock.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=8632092