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It is not clear what is included in the bloated SGA's reported in the filings. They state the capital has been used for contrracts and expansion of the plant to accommodate increased revenue generation. As you know, this was first mentioned over a year ago and nothing has yet to come to fruition. So any reasonable person can understand the strong doubt the market has in mgt.
Putting more of your own money into the operation is the strongest support you can show for mgt. I'm sure you're hesitant to do so and that is understanable. Mgt hasn't exactly bought many shares of note in almost a year now.
If you believe in them, start by hittling the ask and fund the effort. Arguing frivilous things like mgt being "greedy" is pointless. Use their track record to defend or refute. State how exatly all capital has gone back into the business. What projects has it been used on, what revenues has it generated? Details would be more effective. From the look of trading, doesn't look like many including yourself or mgt believe. Nobody putting their capital at stake today.
Needs to happen. The investment community expected it to not pan out in a timely manner and unfortunately they were right. Need to be more accurate with their statements, even in an unpredictable business. Yet they still need to put out communications so it is an issue that needs to be balanced. But that is why mgt is called management; they manage these issues. So far, not good. Would like to see them improve accuracy of correspondance with investors. Time is running out.
Do you expect the 2 news releases Chuck mentioned over a month ago to come out anytime soon?
40 to 50 million float would be fine with the right holders.
They need deals and the industrial deal needs to go through soon. Everybody's capital was used preparing for that program that has not come through. Open house isn't much without real cash now. Need the "other" contract that chuck mentioned to be announced soon as well.
What makes you think they're on the brink of breaking through?
What delays are you referrng to? The new set of delays per Chucks's 2 week timeline in the last pr, or the multiple delays in the last year? Meaning are these new delays expected to be prolonged?
Nice Macd cross and sell off below some support on nice volume. Im in at .23 100 WP. We'll sse how it goes.
And was anything relevant discussed? I seem to remember you were one of the folks he diluted into oblivion.
Rainer is hiding out again. Dont expect a response from IR. Apparently it does not mean Investor Relations in this company. Unfortunately, there is not much time left.
Thanks for the contribution. I think I'll stick to private deals when it comes to startups and growth stories. Sorry for any problems mww and their mgt may have caused you.
Did you receive additional shares from this latest round of issuance per the most recent filing? Did Rainer issue himself more shares?
The company is a few pps ticks away from not making it. Unfortunately the company's poor decisions have placed them on regulators' radars. Share restructuring would not be allowed and the stock would be placed on global lock if attempted. Not much time left for the supposed turnaround.
No posts for a week while the company goes silent? Where is communications from the company conceding their error and updating the status of the supposed news. This would be the correct response. Your partner once mocked the board to the effect of, how about I sit back and you can run this firm. As if this is some complex operation. Well he's doing a hell of a job at either not caring or being grossly incompetant, or worse.
Will your partner continue silent when a PR was put out about news (multiple releases) in 2 weeks time and then nothing? Tell them to put out something stating it was a mistake, apologizing for yet another error/miscalculation, and clarifying exactly when something will come out if ever.
Bidding for 15 @ .10. Only filled 4 so far.
Goodness. What a plunge.
Aapl nice bounce off the 50 day.
Vague. of uncertain, indefinite, or unclear meaing. You are his partner so I think you're familiar with his communication style.
It is. And Rainer is continually vague and accusatory in communications. A mgt/IR that places blame is always a red flag. I think performing so poorly and being so ridiculously off in PRs has made him delusional.
Credibility is a huge issue. Chuck's is sinking fast and most investors outright distrust Rainer; it would be prudent to not state TWO releases within the next 2 weeks unless you are absolutely sure. Just makes them look more ridiculous.
Hi UPB, are you currently a trader on Ditto and if so what is your lead trade name? I emailed you as well if thats a better place to reply. Thanks.
upb, can you accept my follow request on Ditto?
Chuck has 5 hrs to follow through. Need to ensure this promise is not yet another broken commitment.
Pinkerton going to follow through on his word? 2 releases within 2 weeks. That would be tomorrow.
That doesn't matter much. The equity base has grown much quicker than any revenues or profits. So shareholders will not be rewarded.
Just appears to be more of the same. I'll see if someone is loaded for pump on the news. I've flipped mww a few times but can't commit more capital and haven't for a long time. Based on past actions, mgt and rp cannot be trusted. I wish everyone the best and that they may recoup their capital. The "early investors" made it possible for this company to continue running. I wish them all the best.
What is your take on the huge volume in MWW and large dilution recently? Will this stock be able to see even .10 again; much less the possibility of .50+?
mojo back in the 2k. Now hoping for fds money shot.
He has none. Doing business with rp ruined it.
MWW looks terrible as usual. I hope with all the touting you are also buying as much stock as you can hold.
Upb, you almost ready to get started with Ditto account?
Putting it mildly, yes.
Which is exactly why .01 -.02 would have made much more sense. .006 is just as arbitrary as .07. Mgt obviously knew this was in the works. Issue them at a more accurate average as we were in that range earlier in the process. They waited and issued at .006 just more evidence of their poor planning or indifference to current shareholder's. Yes, it is clear they needed something to retain services necessary to keep firm treading water. Now one would think, a firm creative enough to take control of a firm with preferreds should structure something more favorable to the equity base. Options or warrants structured properly could have had the desired effect.
Of course I don't take it personally, I understand everything you stated and I disagree. No harm done. Just upset with mgt and their tactics.
Rainer needs it?
What is coho doing? Have done .0007 to .001 3 times but cant chance holding for long. Is this company a share selling operation?
I would encourage you to have a talk with him in person.
By the time he started posting, what he said was taken with a grain of salt. Problem was, people were already in pretty deep. If anything, posting just increased the suspicion with RP.
Of course it does. Issue them at .025 and its 5 million shares. Thus a tremendous impact on future valuation in Relation to PPS.
**20 million valuation if company issued them .025 = $2 pps.
**20 million valuation at current .006 value = approaching $.60
This is a huge difference for issuing on just any random day.
Still an awful idea in my opinion but not nearly as bad. When issuing huge amounts of shares, it would seem to make sense to do so at a reasonable value. To simply go with .006 when the next day the stock probably was .01+ is ridiculous. It was .07 on any random day; they could have been issued then. Not sure how you don't understand huge frustration with this.