MDWerks Inc (MDWK)

[NewJerichoMan]

Closed on a high! Bully!

Apparently our new fellow shareholders have options to buy at $0.36. If you were an existing shareholder of TT and hold these options, believe in the company, why wouldn't you buy shares all day for under a dime?

[NewJerichoMan]

The financials must be good, or at least interesting. Mini Bull Rush.

[Here 2 Learn]

Extremely happy it’s finally done.
I think the opening press release is informative and interesting! But I’m confused how revenue is so low at 2.1 million. I thought it would be higher.
That being said I added today and will continue to do so. I think there will be more news to follow now that the merger is finally complete. Of course I’ve been wrong before lol. Good Luck to us all!

[NewJerichoMan]

Today's ~173% surge is probably short-lived. But at least now we'll get a better look at the incoming company, as well as our share structure.

[splintered sunlight]

Yup

The School of Hard Knocks.

[Here 2 Learn]

Woohoo!!!
I’m only down 50%, and sadly this is one of my better OTC investments this year! Lol! Hopefully 2024 will be our year!

[NewJerichoMan]

LMAO. I see you studied at the same school of stock investing as me. Lol.

[splintered sunlight]

LOL

Give it time.

And then give it more time....

[NewJerichoMan]

Haven't read it yet but the merger did indeed complete. Now, I'm only 50% down. Lol.

[jabrock1]

Nice. Merger closed.

[JAttias]

All the shares sold look to be for restricted stock and are at a higher price then currently trading (.075). Seems to me more likely that the merger is on track that its not.

[NewJerichoMan]

Item 2. Unregistered Sales of Securities and Use of Proceeds.
1,141,298 shares sold for $85,598 during Q1 2023
1,333,333 shares sold for $100,000 during Q1 2023.
And the latest...
2,756,679 shares sold for $206,751 during Q3 2023.

Two Trees current shareholders maintain the right to convert 60M shares on a one-for-one basis.

Not looking good here. RM hasn't been executed. Looks like the stock is being used as an ATM. And the existing shareholders of Two Trees are going to get their chunk.

[splintered sunlight]

Hope so!!!!!

[Here 2 Learn]

We should see 10Q any day. Will be interesting to see what the updated verbiage is regarding merger.

[splintered sunlight]

Not here.....

[Here 2 Learn]

Has anyone heard anything from company regarding merger or anything else?

[Here 2 Learn]

Agreed. Their proprietary system can be a game changer.
They are still posing quite a bit. They’ve made 11 posts plus additional stories on both Facebook and Instagram this month.
I keep seeing the alerts.
They’ve definitely ramped up since they decided to go public.
If the happens we should be in good shape.

[NewJerichoMan]

I'm not a big drinker but I follow them on Instagram. They were pumping out a lot of social media content over the summer but have slowed.

Best thing about 2 Trees is their accelerated whiskey aging method. If that is real, that's worth boo coo bucks. And I don't mind the dilution here.

Two Trees definitely overpaid for their shell that's fo' sure.

[Here 2 Learn]

I have thought all along that the agreement
was not in Two Trees best interest. If the removal of the lock up sweetens it enough for them to complete the merger than that’s a huge plus for us.
I cannot see the shareholders of Two Trees, who are mostly employees and original investors, letting their shares go at anything close to these prices.

I’m just glad the merger is still on. Any thoughts as to when it will close?

By the way, since the merger announcement, I’ve purchased many of their items and they make an incredible product!

[NewJerichoMan]

Two Trees was always getting 60M shares.

The change isn't the number of shares to be issues. The change is the treatment of preferred versus common shareholders of Two Trees shares.

Previous lock-up period was in thirds. The anniversaries were like 9, 18, and 36 months wherein a third would become unrestricted. Now, no lock-up periods.

We're 125M issued and outstanding now, with 200M authorized. Looks like 60M is getting added on top. Maybe another 7.5M to Mr. Mort as well. Authorized share count may get increased to 300M from 200M. It was reported but has never been done. As of yet.

[NewJerichoMan]

Amendment No. 2 of Merger Agreement

Basically 2 changes. 1. Preferreds and commons of Two Trees treated equally. 60M new shares for $MDWK. Vaguely remember these shares already being accounted for in our float. Maybe I'm wrong here. If so, our outstanding share count rises to 185M from 125M. 2. Lock-up agreement removed, or basically those 60M shares are free to sell at any time. Again, I thought the no lock-up was already in place. We have 110M unrestricted shares now. Will have to read further.

https://www.otcmarkets.com/filing/html?id=16928208&guid=nVg-k6UIqQyeJth

[Here 2 Learn]

Same here. It’s public information so I don’t understand the quiet period.

[NewJerichoMan]

I call. Send emails. No replies.

[Here 2 Learn]

Interesting. Where did that asset come from? Did I miss it in a previous filing.
Also, the most recent 10Q was through 6/30, and the Two Trees Merger still showed on or before 5/31. So was it terminated or is it active until they say it isn’t. Either way, it would be great to know the status. I’ve tried to reach out to the company several times with no luck.

[NewJerichoMan]

8K out.

We apparently had $195K in automotive parts to sell to a high-end repair shop in Colorado. Get $100K today, with a $95K note, 5-year term, and 8% interest.

I find that confusing.

https://www.otcmarkets.com/filing/html?id=16906915&guid=xRg-kaNWUVQFJth#ex2-1_htm

[NewJerichoMan]

Crickets.

[Here 2 Learn]

Curious if anyone has spoken to or been in contact with CEO Steven or anyone from the company?

[NewJerichoMan]

Painted for a warm(er) fuzzy feeling over the weekend.

[NewJerichoMan]

Someone smacked the BID and the $0.02 price it's been for days now finally gets registered. Funny but weird.

[splintered sunlight]

Up 4,000% LOL

[Here 2 Learn]

Looks like MM playing games.
No idea how trade went off at .0005 at 9:30 for 4000. But either way, last trade was a .064. So how does it still show .0005. Only solution he’s baiting trying get people to sell.

[NewJerichoMan]

What is going on with the Quoted Price for $MDWK this morning (6/22/23)? It was at $0.0005, then up to $0.02xx, and now back down to trip zeros with a 5 after it.

[Penny2Dime]

Pink Current!

[JAttias]

looks like related to the RF acquisition they announced in February? Would be my guess.

[NewJerichoMan]

$MDWK filed the amended 10K at the end of May. Also at the end of May (reported yesterday), they bought $88K of equipment (listed below). Hard to tell what the plan is here.

[Here 2 Learn]

LOL! Really? This is expert market not grey market. It’s a filing error, an account that wasn’t reported. It will be cleared up shortly. Laker didn’t pay 500K plus to have his shell disappear!
Plus if you’re watching, Two Tree’s is ramping up their social media, posting now more than ever.
No guarantee the merger is going through, but the stock is not dead, it’s on pause till they amend their filing.

[NewJerichoMan]

We've been tossed onto the Expert Market. That usually means game over.

[Here 2 Learn]

Have you had the opportunity to
the speak to the company or find any new research?

[Here 2 Learn]

Agreed!!! If merger goes through, will be a great opportunity.

[SmokeSignals]

buy low>>>right here imo.

[Here 2 Learn]

1M restricted shares added!
Merger taking shape!

[Here 2 Learn]

What are you referring to?

[NewJerichoMan]

Someone's not willing to go beyond March 2023. We don't go to the expert market. Just unsolicited.

[Here 2 Learn]

Very strange! Two Trees has shares locked up for minimum 9 months. Not sure their #s but real company with real revenues. Could be something that just pops as soon as deal is official.

[jabrock1]

Merger clarified on 9mil float and it’s get 0 vol. smh.

[NewJerichoMan]

Share count held steady this month.

[jabrock1]

There was some big money backing the play. I refuse to believe this is a garbage merger. Float is still 6mil.

[jtomm]

Yeah, I think you're right

[NewJerichoMan]

Whole bunch of shares just dropped on the BID. Yep, this ain't going anywhere positive until more light is shone on what's been rolled into the company.

[NewJerichoMan]

The first is based out of Washington (state). It's not that one.