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The news article that you posted was from something that mwis was not even really involed in - i have to go for now - but i will explain to you when i log on later!
Other-OTC/NBB. Any OTC security that is not quoted on the OTCBB but is eligible for trade reporting to the Trade Reporting Facility, is categorized as "other-OTC" or non-Bulletin Board (NBB). You will see both of these terms throughout the OTCBB.com website. This includes, but is not limited to, securities quoted on the Pink Sheets. Because other-OTC securities are not quoted on the OTCBB, you will not be able to access quotes on these stocks through the OTCBB.com website, the NASDAQ Workstation, or any other NASDAQ product. If they are quoted on the Pink Sheets, you may be able to obtain quotes for other-OTC securities on the Pink Sheets website at www.pinksheets.com.
what does this mean?
"16:47 MWIS m-Wise, Inc. Common Stock 5/12/2011 Y 100 From NBB (MWIS)** "
i wonder if they are going to try to change the symbol so we can trade again... I am not sure if thats how it works though.
thank you so much- and please let me know
could you ask HDOTX?- sorry, I can´t
I hope someone can explain what this means...if you find out anything, let me know. I will try too... GL
they would have to inform the shareholders, but didn´t
SHOOT...I HOPE NOT.
they are still locked. is this money lost now?
NO CLUE. WOULD LIKE TO KNOW...
No activity at all for some time, and just recently starting to see some light volume come in. I'm keeping an eye on this one all the same, and hoping for another run at some point.
Been out of the MWIS loop for awhile, can anyone clue me in on whats been going on.
Exactly! They will "acquire assets", not merge.
Last 8k "The Company is issuing this 8-K as a result of a press release issued by Vringo, Inc. disclosing that they entered into a letter of intent with the Company for Vringo to acquire substantially all of the assets of the Company. The transaction is subject to the completion of due diligence, the negotiation and preparation of a definitive purchase agreement and shareholder and Board approval."
There was never one planned...
I was able to transfer mine to Zecco from Scottrade. Just put in a request via Zecco after you have opened up an account with them. Worked for me. But there is no volume in which to sell from any brokerages these days..
Is Scottrade still restricting buying and selling MWIS’s share?
This transaction seems highly questionable. For instance, how can MWIS management claim that this is in the best interest of all shareholders? Additionally, wouldn't this acquisition greatly increase the equity claim of all shareholders from where it currently stands? Of course it should, but I doubt that has any real meaning for any of us who aren't CEO..
Vringo is acquiring assets of MWIS, not the company nor its stock . At present there is not a plan to make MWIS a subsidiary of Vringo.
I am sorry if you understood it differently.
Please let me know if there are other questions I can answer for you.
Sincerely yours,
Jon Medved
Jonathan Medved
CEO
Vringo
18 E. 16th St. | 7th Floor | New York, NY 10003
646.525.4319 x2501 office
509.271.5246 fax
917.744.3357 mobile
Jonmedved skype
jon@vringo.com email
Vringo's IR John Quirk said the MWIS shell had around $3M in debt, that Vringo was not assuming, and stated in this email...
filing by Vringo clarifies that Vringo will also assume certain liabilities of m-Wise.
i'm still not able to transfer my shares. when did the transfer happen for you?
How long before the merger is to be completed?
Wishful thinking!
Looks like there is finally some movement by Nite and the other MMs. Hopefully this signals more activity to come.
Best of luck. It may take 7-10 business days for the transfer to complete as it did for me. I had forgotten I had even put in the request. Scottrade originally told me that they could not transfer this stock for the same reasons I could not trade it through them. The fact that the transfer went through makes the entire Scottrade situation look very fishy to say the least. Given that they remain the only brokerage locked.
It's a shame, because it is casting doubt on this stock when the company has established measures to settle the issue Scottrade is referencing. Hopefully the merger with Vringo can breathe some life back into this stock.
Looks like I had better open an account with another broker & get this moved,
Got home and looked into the email further. Scottrade approved a transfer of the security to Zecco and I am now able to trade. This is an avenue to be able to trade the security again; however, not through Scottrade as I originally thought. It does give Scottrade customers an ability to trade. Good news in my opinion for holders.
sometimes even if scottrade has a halt they will let u call a sell order in,,, give it a try n let us know.
techs, I would also like to see the email. thank you
Yea Fali, Scottrade seems to be the only brokerage that anyone is having issues with. Hopefully it will be fixed pretty soon . :)
Prettyricky,
I do not have any problem with TROWEPRICE.
That is great news Techs... I still can't trade yet but hopefully everything is being cleared up and the stock will do better as people won't be so worried about this lock. Can you paste the email that you received from scottrade whenever you have a chance. Thanks
yay! i hope so! mine doesnt allow me to trade either yet.
Maybe they are working through it? I just received an email stating that my problem has been resolved and MWIS is available for trade. I will be checking further once I'm done with work.
i can´t !!!!!!!!!!!!!!!!!!!! what does this mean?
Scottrade is letting me trade! Could be good news ahead? I think I'm going to hold onto my shares given this change in events. Possibly even add to my position.
BAD 10k!!! Way too much dilution comin into the market here. Im out. glta
On March 30, 2011, the closing bid price of our common stock was $0.02 per share.
There are currently outstanding warrants for the purchase of 40,430,761 shares of our common stock. In addition, there are 52,589,447 shares of our common stock reserved under employee stock option plans pursuant to which additional shares may be issued. As of March 30, 2011, 174,539,726 shares of common stock are issued and outstanding.
Holders of shares of common stock are entitled to one vote for each share on all matters to be voted on by the stockholders. Holders of shares of common stock have no cumulative voting rights. Holders of shares of common stock are entitled to share ratably in dividends, if any, as may be declared, from time to time by the Board of Directors in its discretion, from funds legally available therefore and subject to any preferential rights conferred to the holders of preferred stock, if any. In the event of a liquidation, dissolution or winding up of m-Wise, the holders of shares of common stock shall be entitled to receive all of the assets of m-Wise available for distribution to the holders of common stock ratably in proportion to the number of shares of common stock held by them. There are no conversion rights, redemption or sinking fund provisions with respect to the common stock.
ITEM 3. LEGAL PROCEEDINGS
We are currently not involved in any material legal proceedings. However, the United States Exchange Commission ("SEC") commenced an investigation concerning the Company, along with certain Officers and Directors of the Company, and other unrelated entities for alleged violations of Sections 10(b) and 13(a) of the Securities Exchange Act of 1934 (the “Exchange Act”) and Sections 5 and 17(a) of the Securities Act of 1933 which occurred in 2005. The Company and its officers and directors agreed to enter into a settlement in the amount of $400,000 on February 8, 2011 without admitting or denying any wrongdoing.
The Company's Brazil subsidiary is in negotiation in connection with an outstanding case with the former landlord of the premises rented for the Company's representative during his stay in Brazil. The outcome of the case is undeterminable at this point, as is any resulting settlement.
Still waiting for things to finally be cleared up with Scottrade, this stock should be trading higher than this..........but patience is key like always
VRNG mentions MWIS again today:
http://ih.advfn.com/p.php?pid=nmona&article=47101814&symbol=VRNG
Watch for VRNG conference call this morning. It should bring clearer picture.
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Founded in February 2000, m-Wise has rapidly established itself as a leading technology provider with a state-of-the-art Content Management and Delivery Platform (CDP) and Service Delivery Platform (SDP), related value-added data engines for Mobile Operators, Wireless ASPs and large content and media providers.
Working closely with leading operator, ASP and media clients, m-Wise is committed to take the lead and stay up to date with the latest industry developments in areas as diverse as content management and delivery, infotainment, mobile gaming and mobile marketing.
Our MOMA Content Management and Delivery Platform ("MOMA CDP") is an integrated "one-stop-shop" solution for the delivery of digital content to wireless devices. The MOMA CDP is designed to deliver end-users with an advanced mobile entertainment experience by allowing for the delivery of a large variety of digital content including ringtones, pictures, animations, mobile games, music tracks, video clips and any other type of downloadable content.
Our MOMA Service Delivery Platform ("MOMA SDP") includes carrier-grade application provisioning and development utilities, infrastructure connectivity layers, billing, global delivery, content management and customer support tools. It enables rapid and efficient development and generation of various value-added services over wireless networks, and ensures high quality product delivery and minimal time-to-market.
m-Wise continues to release industry-leading solutions that decrease its clients' time-to-market and profitability from both current and next generation mobile services.
Sales: sales@m-wise.com
Press & Analyst Relations: press@m-wise.com
Investor relations: ir@m-wise.com
New York Office 1515 Broadway, 11th floor New York, NY 10036, USA Ph.: 1-212-520-4307 Fax: 1-212-967-7797 | Israel Office m-Wise, Inc. 3 Sapir street POB 12035 Hertzelya 46733 Israel Ph.: 972-(0)73-262-0000 Fax: 972-(0)73-262-0073 | Madrid Office Almagro, 11 28010 Madrid Spain Ph.: 0034-913199546 Fax: 0034-913086342 |
Share Structure
(As of November 13, 2009)
LATEST 10-Q
Nine Months | Nine Months | |||||||
Ended | Ended | |||||||
September 30, | September 30, | |||||||
2009 | 2008 | |||||||
Sales | ||||||||
Customer services and technical support | $ | 1,152,487 | $ | 993,128 | ||||
Revenue share | 965,966 | 677,112 | ||||||
Product sales and license | 266,664 | 367,517 | ||||||
2,385,117 | 2,037,757 | |||||||
Cost of Sales | 666,377 | 676,100 | ||||||
Gross Profit | 1,718,740 | 1,361,657 | ||||||
Expenses | ||||||||
General and administrative | 1,177,613 | 1,291,712 | ||||||
Research and development | 437,659 | 573,013 | ||||||
Total Expenses | 1,615,272 | 1,864,725 | ||||||
Earnings (Loss) from Operations | 103,468 | (503,068 | ) | |||||
Other Income (Expenses) | ||||||||
Extinguishment of debt | 37,798 | - | ||||||
Interest and other | (4,840 | ) | (47,412 | ) | ||||
Total Other Income (Expenses) | 32,958 | (47,412 | ) | |||||
Earnings (Loss) before Income Taxes | 136,426 | (550,480 | ) | |||||
Provision for Income Taxes (note 7) | - | - | ||||||
Net Earnings (Loss) and Comprehensive Earnings (Loss) | $ | 136,426 | $ | (550,480 | ) | |||
Earnings (Loss) Per Share - Basic and Diluted | $ | 0.00 | $ | 0.00 | ||||
Weighted Average Number of Common Shares Outstanding - Basic and Diluted | 139,322,145 | 139,246,248 |
Products
The MOMA Content Management and Delivery Platform (MOMA CDP) is an integrated one "stop shop" solution for the delivery of digital content to wireless devices. The MOMA CDP is designed to deliver end-users with a state-of-the-art mobile entertainment experience by allowing for the delivery of a large variety of digital content including ringtones, pictures, animations, mobile games, music tracks, video clips and any other type of downloadable content.
The MOMA CDP allows for the easy management, administration, merchandising, presentation, publishing, delivery, pricing, billing, inventory, DRM, reporting, ingestion, aggregation, authorization, workflow management and settlement of various forms of digital content products. The platform includes a wide range of critical, commercial, technical and management benefits for operators, ASPs, media and content partners, based on the following key features and modules:
Advanced web-based content management
Handset management and diverse content delivery
Flexible interface for content portal development and design
Service flow and subscription management
Open APIs for content providers
Advanced web-based content management
Handset management and diverse content delivery
Flexible interface for content portal development and design
Digital Rights Management
Service flow and subscription management
Rating and Billing
Reporting and Settlement
Open APIs for content providers
Campaign management
Customer care modules
News
Active Clients
Universal Music Group works closely with m-Wise to deliver various mobile fan club services around some of Universal's leading music artists
Arvato mobile is a subsidiary of Arvato – a corporate division of Bertelsmann. The company provides an innovative range of digital entertainment content and interactive solutions in the Brazilian market using the MOMA SDP and CDP
US top-ranking mobile entertainment provider with over 10 percent of market share (according to Hitwise), using the MOMA SDP and CDP to deliver content through US mobile operators AT&T, Sprint, Verizon, T-Mobile, Alltel, Suncom, Virgin and Nextel
Boltcel is a subsidiary of David2Mobile, leading mobile entertainment service provider in Italy that works closely with m-Wise to manage and deliver various mobile content services in Brazil.
The Secret: The Secret is a global leader in spiritual and inspirational teaching, empowering bestselling “The Secret” books and DVD titles. The Secret works closely with m-Wise to deliver daily mobile content to its subscribers base.
Zero9: Zero9 is a global leader in mobile entertainment services, working closely with m-Wise to launch various mobile content services in Brazil and Mexico.
Brazil's leading mobile entertainment service provider, using the MOMA SDP and CDP to provide exclusive and non exclusive mobile content services to leading Brazilian mobile operators Claro, Amazon Telecom, Telemig and VIVO
Leading UK newspaper, subsidiary of News Corp newspaper group, working with m-Wise to operate mobile sudoku and mobile crossword challenges on a daily basis
Leading UK newspaper, subsidiary of News Corp newspaper group, working with m-Wise to operate mobile sudoku challenges on a daily basis
Comverse is the world’s leading provider of software and systems that enable multimedia network based enhanced services. Comverse has licensed the MOMA CDP for distribution to its customer base that includes more than 450 communication service providers in more than 125 countries
Mobile marketing company based in Spain, working closely with m-Wise to provide various mobile marketing applications to commercial companies in Spain and Latin America. Current track record includes mobile marketing services to the manufacturer of SOL beer
Leading wireless media and application service provider with core operations in Asia, using the MOMA CDP and SDP to provide content services through all leading Taiwanese mobile operators
Exclusive mobile entertainment provider for Cellcom Israel, using the MOMA CDP to provide content services in the US
TSSP, Mobile entertainment service provider, fully owned by ePLDT, Philippines largest communication company, using the MOMA SDP and CDP to provide mobile entertainment services in the Philippines
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