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Absolutely! The interest is definitely picking up - 300 boardmarks now. :)
Looks really good...a nice, steady climb on good volume. Setting up for a healthy uptrend!
Agreed. I think we'll be fine with the contracts that have been secured along with the pending contracts. It's unfortunate that the company had to go this route in terms of financing, but it was a necessary evil and far better than the alternative.
As for the negative nellies, I don't pay much attention to it. It's easy to be an expert when sitting behind a computer hundreds if not thousands of miles away. Let's put those same folks in the hot seat and see what they come up with, that would be a sight!
Cheers!
Thanks Bogs for the private message on the other board. It is so depressing to hear suppose longs bash MWWC because they are trying to flip in and out of the stock.In due time we will be ok. GLTA
SMAA is up today. Volume picking up too.
http://stockcharts.com/h-sc/ui?s=smaa
I still feel the same about management and the company. Obviously the stock price is terrible right now, but I still have complete faith in management to turn things around.
As for the board, it has grown quiet lately but mostly because I'm working hard behind the scenes on the two new sites.
http://www.stockwatchindex.com
http://autostockreview.com
Bogs,What are you current feelings aboot MWWC?Is there another board of yours I should be reading instead of this one?TIA...ST
Chemical plant explosion brakes car makers
http://www.thelocal.de/money/20120419-42055.html
Hey everyone, I've been pretty quiet lately as I've been working on many things for SWI. I've recently added a free eBook to any new subscribers, so please sign up at our site if you haven't already to receive your copy.
http://www.stockwatchindex.com
If you have already subscribed and still want the eBook, let me know and I'll get it to you. The content is for those just beginning to learn technical analysis, so if you've been a technician for a while it may be a little basic.
Have a great weekend everyone!
Cheers!
MWWC Recap Email
http://us4.campaign-archive2.com/?u=24fd6d9723ea89cc130871709&id=1c58f04fe8&e=ad58daea37
Be sure to sign up at our website to receive future emails.
http://www.stockwatchindex.com/
MWWC contracts
2012 & 2013 ROUSH Mustangs
* "MWW Automotive Enters Into Agreement With ROUSH Performance, Commences Production on 2012 and 2013 ROUSH Mustangs" - 2/16/12.
* ROUSH Performance Products has decided to award their production painting to MWW Automotive. The first projects are the 2012 and 2013 ROUSH Ford Mustangs. Included in the Packages are Front Fascia Systems, Hood Scoops, Rear Spoilers and Window Louvers.
* The Mustangs projects have been approved and have launched, with production beginning immediately. Other projects to follow.
http://www.prnewswire.com/news-releases/mww-automotive-enters-into-agreement-with-roush-performance-commences-production-on-2012-and-2013-roush-mustangs-139431813.html
Mazda MX-5
* "Mazda Selects MWW as Key OE Supplier" - 11/30/11
* MWW will produce a Front Air Dam Kit, Side Sill Kit and Rear Spoiler Kit for the new Mazda MX-5:
http://www.prnewswire.com/news-releases/mazda-selects-mww-as-key-oe-supplier-134741953.html
Ford F-150 Pick Up
* "MWW Automotive Begins Production for Ford F-150 Components" - 9/26/11
* The MWW Interior Package produced for the Ford F-150 includes several Dashboard Components.
http://www.prnewswire.com/news-releases/mww-automotive-begins-production-for-ford-f-150-components-130554308.html
GM Chevrolet Sonic
* "MWW Automotive Begins Production For GM's Chevrolet Sonic" - 9/12/11:
* The MWW Interior Component Package produced for the Chevrolet Sonic includes Door Trim, Window Console Covers, Trim Bars and Door Pulls.
* The Chevrolet Sonic is one of several new MWW automotive projects that will commence production at the end of September 2011 and beginning of October and will run over the next three years.
http://www.prnewswire.com/news-releases/mww-automotive-begins-production-for-gms-chevrolet-sonic-129642978.html
Just around the corner IMO. They were scheduled to start on their new industrial project this month, which is a 7 year, multi-million dollar contract.
when is the next news$? people are buying this up here
Update From MWW Automotive's Chairman
Monday, April 09, 2012 - 07:00 AM EST
Dear Shareholders
As Chairman of MWWAutomotive (OTCQB: MWWC) and one of the original founders, I felt it was time to intensify communication with our shareholders, as we are in a critical stage of the development of the company. I am impressed with the large and dedicated public following of our company and the significant daily trading volume that has developed over the last several months, if not yet at the share price that we all would like to see. All of us at MWW are extremely appreciative for the many constructive (critical) comments and votes of confidence that we have received from the majority of the MWW shareholders. At the same time I understand the frustration and concerns that exist among some of our early shareholders.
Based on this and the current developments in MWW, I felt compelled and obligated to express my strong sentiment of appreciation and encouragement to the MWW investment community. At the same time, this letter should also serve as a big picture recap of our recent history and in particular, the struggles we went through over the last several years, following the onset of the automotive industry crash in the past and the subsequent global financial crisis. We may have lost a few battles during that time (who did not), but all together I believe we have succeeded in making significant progress, not only in stabilizing but also advancing the company’s development on many different levels. In addition the automotive industry in general has recovered strongly and is producing some of the best results since 2008. I am confident that we will succeed in the advancement of our company to the benefit of all shareholders and that we are at the starting point on a path of solid recovery.
Those who are familiar with MWW and its history know that we were well positioned to move on to the next level of our development, when the automotive and subsequently the financial crisis hit us all. Many companies far larger than MWW did not survive the turmoil. MWW, thanks to a dedicated core team, weathered the storm and continued, often times at the expense of and based on the sacrifices made by key staff and the core management team. I am also using this opportunity to publically express my sincere appreciation to them.
In the years following these difficult times, we reacted quickly and began working on the recovery by implementing a variety of significant changes and improvements. We adjusted our business model, reviewed and modified our client roster and established greater diversification inn order to reduce dependency based on client concentration to the Toyota brand, our major customer at the time. We hired a new top management team and were successful in acquiring a new CEO, Mr. Chuck Pinkerton. The recovery of the automotive industry will complement our team’s efforts.
Mr. Pinkerton is a seasoned automotive veteran and experienced turn-around specialist and as the writing of this letter, has already accomplished implementing many of the goals and objectives we had laid out together in our recovery plan. This also meant changes in business focus and client targets, resulting in a shift towards the role of a service provider and logistics executer, not only in the automotive industry, but also the industrial market segment. We expanded our 40,000 square foot Baroda “Class A” painting facility with new production lines and an expansive logistics area and implemented many manufacturing improvements to increase productivity. At the same time we implemented aggressive cost-down exercises to make the organization more lean and agile. This allowed our CEO to utilize his long standing relationships to bring a large number of new clients to the table and expand the company’s reach from a focus in the automotive industry to the industrial markets to further improve diversification and risk distribution.
Thanks to the exceptional work of our financial consultant (and large shareholder), Mr. Rainer Poertner, a seasoned professional in the public sector, who has been working with us from day One, we were also able to build momentum in the stock market. With the tremendous help of several New York and California funds and the many investors who bought our stock, we were able to fund our recovery efforts and the cost of new production start-ups and continue to grow towards a once again, stable future. While this has resulted in some temporary pressure on cash flow and the stock price, we are confident that we will be able to overcome this hurdle also, once we can demonstrate our improved performance.
The restructuring process was painful, time consuming as most difficult recoveries are, and is not quite completed yet. While we have succeeded on many fronts already and have newly acquired a number of well-established and strong clients, we have also been plagued with the typical delays that come along with new relationships and new production start-ups. This is especially applicable when it comes to new and very large industrial parts that were still in their final engineering and prototype stages when they had been awarded to us. Other new clients have already begun production with us and are beginning to steadily increase our production volume. This volume should further increase in the coming weeks and months.
Two of our largest customers, ROUSH Performance Products and Polytec FOHA, to name a few, are two of the most established Tier One suppliers and manufacturers in the automotive industry for both domestic and international brands and we have begun production for several of their new products. In cooperation with these two companies we are currently producing for the Ford Mustang, the Ford F-150 the Ford Edge, the Hyundai Genesis, Subaru, Chevrolet Malibu and several others. We are now beginning to see a steady increase in orders, expected to develop even stronger over the coming months.
Diversification into the non-automotive sector was one of our most important objectives and Chuck Pinkerton has successfully received technical certification of our plant, technologies and production processes by several of our large clients and approval for production samples that we’re intending to put into full production soon. In addition we will also handle logistics for our industrial client GSI North America. Understandably, the start-up process for these high volume production contracts is complicated and requires advance funds. Often time’s delays are caused by certain design and engineering processes at our clients’ that are not under our control. Credible indication from our new customers though allows guarded hope that a kick-off for these contracts, originally planned for end of last year, will materialize in the coming 2-3months.
While we are still struggling to finance all the newly awarded programs and operations, while expanding production capacity at the same time in order to be prepared for larger volume, all signs finally point towards a steady increase in business from new customers and the customers that MWW currently services. I truly believe that the worst is going to be over soon and we are once again set for a prosperous future.
So far, we weathered an unprecedented crisis in the financial sector and in the automotive industry. We made the necessary adjustments, we’re working smarter and harder and our goal is within reach to transform MWW into a stable business platform and trusted name in the automotive and industrial industries. By doing so, we should be generating steadily increasing revenues and profits and subsequently improve the share value for all MWW shareholders. Most of us here at MWW are also large shareholders and we are all looking forward to benefit.
Granted, final success still requires absolute dedication and hard work on a daily basis and continuing sacrifices still need to be made by our core staff and the entire management team. Some of them are still working without and/or reduced salaries, but we feel this effort should be rewarded soon and we all should see the rewards forthcoming in the not so distant future.
Again, I appreciate your support and trust in our company and our management team and I sincerely believe, that with everybody’s cooperation, we will manage to reach our projected milestones soon. While there may be no absolute guarantees in life, I can guarantee you that we have a very dedicated management team that is absolutely committed to making this work. We appreciate your trust, patience and support. Please go out there and let the world know about MWW as your contribution to the success of MWW.
Sincerely
Michael Winzkowski
President and Chairman
P.S. I know everybody is anxious to hear about dollar values, time lines and financial development. Chuck Pinkerton will address this in more detail some time in the near future, once we are in a position to do so with a certain level of reliability and authorization. Again, we very much appreciate your patience and support.
Thanks for posting this. We may be looking at the floor for MWWC (finally), only time will tell. Nobody can argue that the company is insanely undervalued at this point. I'm betting we see more updates from management very soon.
MWWC profile link :
http://autostockreview.com/watch-list/mwwc/profile/
Just posted some good looking charts over on Stock Watch Index.
http://investorshub.advfn.com/boards/board.aspx?board_id=24498
Communicated with Rainer at MWW. Told we will get an update tomorrow (less likely in my opinion) or week after Easter. Hoping they hold off till next week to let my other gems fly before accumulating a bit more.
Thanks for the chart. SMAA can be BIG! Also, bought more MWWC yesterday. Could break any day.
Nice find and thanks for sharing! The automotive industry is still very hot!
Hey all, first off thank you for your support on this board. I wanted to take a second to tell you about my new board, Stock Watch Index. This is where we can discuss everything outside the automotive industry. Feel free to post charts, DD or general comments about a stock. :)
http://investorshub.advfn.com/boards/board.aspx?board_id=24498
Thanks again!
This new article can only help us!
http://money.cnn.com/2012/04/03/autos/car-sales/?hpt=hp_t1
What other automotive companies are you guys playing these days? There have to be more with the automotive industry being as hot as it is. :)
Merr, was 5k the literal share amount or were you proposing a hypothetical where 5k just meant small bid wacks? Could happen on slower trading days here or on more thinly traded securities. On the days with more action (like most of the recent past), it is very difficult to impossible.
that's impossible merr, it would only work if there was 5k on each bid level.. If there's 500k on top bid the seller would have to hit that 100 times with his 5k sells and pay commission on each 5k trade..
Very possible. Could be traders who sold out higher and looking to get in extremely low. I haven't been able to watch the tape on MWW so I can't be sure if this has been done.
Ive usually seen it happen in other stocks that seem to be stuck in a trading range for months and there is no logical reason why other than these constant small bid hits. Others get driven out or tired waiting and the culprit loads up. When they go from seller to buyer, the stock rises than they dump at the artificial tops they created. Rinse and Repeat.
Most groups know that we have financing we must work through. There have been some who have shorted hard in the past and use the convertible shares at a % of current pps levels to cover these positions. Sometimes the very firms that lend have someone short against there position giving them more shares to cover their bets and make huge profits.
This is why I believe the convertible financing arrangement should be avoided if possible. It creates an incentive problem.
could you read my post #212 and tell me your thoughts thanks merr
Is it posible that a person with a large number of shares at a high pps would sell off small blocks 5000 share @ the bid attempting to drive the price down so they could buy a much larger block at a much lower pps to avg. down. or if a group did this while bashing the stock they would be able to avg down much more than the loss from selling those small blocks.
So much calmer over here less stress. nice board i wish i could bring myself to stay away from MWWC board but i can't. Bet Rainer wishes i never told him about it.
Agreed. The float is much lower than many realize.
Very nice. Hope many more shares are being locked up. Once turnaround takes hold I think many will be surprised at level and speed with which the pps can move.
MWWC new insider ownership just filed, 24,200,000 or 13.98% of OS.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=8168251
No worries. I actually just started up a new board for non automotive stocks called Stock Watch Index
http://investorshub.advfn.com/boards/board.aspx?board_id=24498
The website will be up this weekend. Stay tuned. :)
http://www.stockwatchindex.com/
Was perusing around other stocks and came across MSLP. The released this PR today: MusclePharm Completes Retirement of All Convertible Notes From Derivative Financing Companies. The stock is reacting very very well to this. It was a very well executed release.
Just an example of the PR MWW can put out in the future that would send the stock ballistic in my opinion. Sorry if my dreaming or non auto company is crowding the board. Just thought it was relevant to MWWC.
Bogatstvo, I recently noticed the caricature holding the coin with the arrow pointing parabolic was removed from you sig. Going to miss that one.
Oh well, Maybe with the new change our play will start a new sustained trend.
Thank you. Still expecting more from this one.
Great call bman.
Yep. Gotta be careful with the ones that come out of nowhere proclaiming we are going to the moon. If/when it doesn't happen right away, they will turn just as enthusiastically in the opposite direction.
absolutely not, I've done my DD, MWWC is as legit as they come, at least in regards to their business model..
I'm with you. I've already put one on ignore, both literally and mentally.
Thanks for the reply. I guess I'll put him with a couple more on ignore. Meatball, would you be implying that this particular mod is warning newbies of a scam?
Nothing can be done. Everyone is allowed to post their opinion about a particular company/stock, as long as they do so in a somewhat "civilized" manner.
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