MDWerks Inc (MDWK)

[ANTI-BAGHOLDER]

$6.6 million in revenue

[NewJerichoMan]

Merger announced. RF Specialties LLC & Kevin Mort

Website: https://rfspecialties.com/about/

SEC filing: https://www.otcmarkets.com/filing/html?id=16335255&guid=s22-ke4whc2pJth

[Here 2 Learn]

Morning action! Nice!

[Here 2 Learn]

It will be interesting to see who received the shares when we see the next filing.
Hopefully there will be some concurrent positive news as well.

[jabrock1]

It’s like they are issuing all their AS to the unrestricted. Gonna be maxed by the time the merger happens which could be nice if there is a lockup period in those unrestricted shares…

[NewJerichoMan]

Another 14.25M outstanding shares since our last update about a month ago. Sigh.
This better be a helluva company getting rolled into $MDWK.

[NewJerichoMan]

Item 3.02. Unregistered Sales of Equity Securities.

https://www.otcmarkets.com/filing/html?id=16252742&guid=DlP-kpQDq0cmB3h

On December 6, 2022, MDwerks, Inc. (the “Company”) issued 90,000,000 shares of the Company’s common stock (the “Common Stock”) upon conversion of 900,000 shares of the Company’s Series A Convertible Preferred Stock (the “Series A Preferred Stock”) held by Tradition Reserve I LLC (“Tradition”). As previously reported, prior to the conversion, Tradition owned a total of 10,000,000 shares of Series A Preferred Stock, representing 100% of the authorized and issued Series A Preferred Stock.

Following the conversion, Tradition distributed the 90,000,000 shares of Common Stock, pro rata, to its members.

Following the conversion, the Company has 108,010,208 shares of Common Stock outstanding and 9,100,000 shares of Series A Preferred Stock outstanding.

Under the Company’s amended and restated certificate of incorporation, any holder of Series A Preferred Stock has the right, at any time and from time to time, to convert all or any of the shares of Series A Preferred Stock held by such holder into shares of Common Stock on a one to 100 basis.

The issuance of the shares of Common Stock pursuant to the foregoing transactions was made without registration in reliance on the exemption from registration under the Securities Act of 1933, as amended, afforded by Section 3(a)(9) thereof. No commission or other remuneration was paid or given directly or indirectly for soliciting the exchange of such securities.

[NewJerichoMan]

This was an expected step (change in share structure) but (it's arguable) maybe not to this magnitude.

90,000,000 new shares are now outstanding *and* unrestricted. The float has gone from 6,043,162, up to 96,043,162.

Progress is being made. Let's see what sort of company gets rolled in here. Market Cap of company went from $1.4Mish up to $8.6Mish based on change in share structure.

[NewJerichoMan]

Looks like someone is trying to buy today. Best of luck. Float is bound up prettttyyy toight!

[NewJerichoMan]

116,600 shares on the ASK if anyone wants to go grab it.

[NewJerichoMan]

Quarterly report out. No significant changes. No info on the company to be rolled into $MDWK either.

https://capedge.com/filing/1295514/0001493152-22-030420/MDWK-10Q-2022Q3

[NewJerichoMan]

Steven C. Laker and Michael Nordlicht (limited) profiles.

Paid $520,000 for $MDWK. That's plenty motivations to roll whatever company they have into $MDWK. Both have ties to energy companies, which is I think is great given potential diesel / energy shortages this coming winter. Can be fortuitous timing if they get this rolling.

https://www.marketscreener.com/quote/stock/MDWERKS-INC-120789660/news/MDWERKS-INC-Entry-into-a-Material-Definitive-Agreement-Changes-in-Control-or-Registrant-Change-41106361/

[Here 2 Learn]

Great job! Only a matter of time!

[NewJerichoMan]

Called the number on the front of the most recent 8K (252-501-0019). It's an answering service. Their script contains the following information.

1. We are a "technology company" with no further explanation.
2. Website *is* www.mdwerksinc.com but that website domain remains unclaimed as of today.

So, the lights are on but no one seems to be home just yet. I left a message, second time doing so, but do not expect a reply.

[NewJerichoMan]

Late day dump. Had a feeling that might come. Didn't put a BID out there though.

[NewJerichoMan]

Basically back to the original starting point when the share price crashed last week. Would have loved to have reloaded at $0.04 but am happy with $0.065ish. Now, we wait...

[NewJerichoMan]

The 2 Big Questions in my mind are what company is getting rolled into MDWK and who is Steven C. Laker.

When Change of Control occurred in July of this year, there was mention of Sunwave, which Steven C Laker is the CEO of. Call the number and it's just a recording. Don't think much is going on with this company.

https://www.zoominfo.com/c/sunwave-gas-power-inc/369108772


8K came out yesterday and linked to a Florida address with a phone number to an answering service. No mention of Sunwave. Only an increase of the authorized share count from 200M to $300M.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=169999124


So, no definitive answer to my 2 Big Questions. Share price jumped to $0.20 on Change of Control. Figure they'll be another similar spike when the Reverse Merger becomes official.

My personal opinion is there is no "significant" company being rolled into MDWK because if there was, it would've been mentioned by now. My plan is to not overstay my welcome on this one despite the excellent set-up with the share structure.

[QaB2i]

I’ve been asked to do some DD on this.
Can anyone point me towards something that makes any sense. What’s occurring chaps ?

[NewJerichoMan]

Missed those shares at $0.04. Got a few at $0.05 though. Basically back to a full position now. We shall see.

www.mdwerksinc.com will be the website apparently, and MD Werks will be a "technology company". This info is per the answering service at 252-501-0019, which is listed on the front of the 8K.

The address of 411 Walnut street Green Cove Springs FL isn't real. It's basically a PO Box. One business in that building is St. Brendan's Isle, which is a mail-forwarding service. The primary owner of the real estate and the companies within is Scott Loehr. Can't find any obvious links with Loehr and Steven C. Laker. Can't find anything concrete on Steven C. Laker.

[NewJerichoMan]

I've got a line out there at $0.0366. Dumping may have been one or two. Short, furious burst?

[NewJerichoMan]

Market cap is about $700K at $0.04.

[NewJerichoMan]

Ignition for what? Selling in the wake of the 100M new additional registered shares?

[TrendMinion]

$MDWK Houston, we have ignition.

[NewJerichoMan]

WTF. Had a 100K order, GTC, for a couple weeks now. End of day sell off just bypasses me? What am I? Chopped liver? It wasn't an all-or-nothing order either.

[TrendMinion]

$MDWK. Teed up.

[Attackpuppies]

Agreed.

[chickenbok]

It's time

[NewJerichoMan]

Cautiously optimistic here.

Still no selling here on $MDWK merger and turning the corner. Blows my mind thinking about the type of move this setup could make 🤞 https://t.co/litEt8L0M3 pic.twitter.com/4oFAV0C8st

— OTCmethod.com (@KickoStocks) August 3, 2022

[Traderfan]

Good question and so hard to answer. Depends on so many things, will they communicate with the market soon? Will they do the merger without any RS or not. I will slowly nibble again down here and lower until we hear something, this can be at .20 again with one single PR but there is also a lot of room to the downside here if they stay quiet and if some peeps get impatient because of that.

[The Night Stalker]

lil dip

[NewJerichoMan]

Think $0.08 is a good buyback point?

[The Night Stalker]

https://www.stockscores.com/chart.asp?TickerSymbol=mdwk%20&TimeRange=1825&Interval=m&Volume=1&ChartType=CandleStick&Stockscores=1&ChartWidth=1100&ChartHeight=480&LogScale=None&Band=None&avgType1=SMA&movAvg1=50&avgType2=SMA&movAvg2=200&Indicator1=AccDist&Indicator2=CMF&Indicator3=StochRSI&Indicator4=MACD&endDate=&CompareWith=&entryPrice=&stopLossPrice=&candles=redgreen

[Traderfan]

Love it, finally paying off big time.

[Golden Cross]

Another great volume day here

[shihah22]

94 rsi, no thanks. way overbought, will wait for rsi reset.

[shihah22]

94 rsi, no thanks. way overbought, will wait for rsi reset.

[matticus22]

$MDWK
A lot more loading today. Holding till .50 at least

[matticus22]

$MDWK

Looking great

[NewJerichoMan]

Still holding strong. I'm surprised.

[ANTI-BAGHOLDER]

Looking for .20 break out

[Golden Cross]

That volume will be hitting a lot of scanners tonight

[Cocaine Santa]

Strong close. Hope we get something from the company tonight or tomorrow

[NewJerichoMan]

Really sold hold at the end of the day. Bully!

[NewJerichoMan]

See a 103,572 BID at $0.1215. Far cry from months past.

When did this place get emoticons? ??

[NewJerichoMan]

Whoa!!

[rwalto]

After NUVG last week I think people could go crazy for this Change of Control. Half the float too.

$MDWK

[trding]

Very nice 6M float, lets see if it runs like the others recently

[ANTI-BAGHOLDER]

MDWK change of control

[ANTI-BAGHOLDER]

MDHK change of control 8k. Could be a big mover

[Traderfan]

Yes I think that is true. They need to come up with something in the fall or the winter.