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WWTH should be at .0001
There are few assets
Loads of debt.
Keeps defaulting on loans to survive
Company is not reporting now.
Everyone thinks MEDL = WWTH, and that is WRONG
All I can see for WWTH tangible assets is 7.2% ownership of Hang w/
Anyone see any assets I am missing ??????
Yes boots, that was another asset that is now gone from WWTH. How is this good ? The new private MEDL got that money, not WWTH.
WWTH is nearly an empty shell now.
Your speculation, not mine. I have been here as a WWTH shareholder/bagholder for years.
How long have you been here?
My mistake, I meant WWTH......even I get confused with this shell game.
The company was MEDL Holdings
Under them was MEDL Mobile, which built apps
Then the name changed from MEDL Holdings to With, Inc.
After the name change of the holding company they sold MEDL Mobile to a private individual, and Dave Schwartz went with that company.
He consults with WWTH, and is still an officer. Dave likely gets paid hundreds of thousands of dollars in WWTH salary just for holding his WWTH title, and doing nothing.
WWTH once owned 72% of Hang w/, but toxic loans cost us loosing 9/10 of the preferred ownership shares.
So WWTH now owns 1/10 of the previous 72% = 7.2 % od Hang w/
Now WWTH is a non reporting company with hardly any assets or ownership of Hang w/
ESSENTIALLY WWTH IS AN EMPTY SHELL NOW, LIKELY WITH A LOT OF DEBT.
That is the name change to WWTH in 2015
Then read the sticky not and see that they sold their subsidiary called MEDL Mobile.
MEDL MOBILE is a private company now! MEDL = no longer w/ WWTH
MEDL Should never be mentioned here!
It is a private company now.
People have been thinking that WWTH is benefiting from this health conference.......THAT HAS NOTHING TO DO WITH WWTH
Smart people selling this is a ghost ship !
Look, you just read their letter to investors from January.
IT IS SOLD, SOLD, SOLD !
Call WWTH or MEDL over the phone and ask them !!!!!!!!!!
MEDL is a stand alone private company. Has nothing to do any more with WWTH in growing their business.
WWTH since they have not filed reports for nearly a year alluded that they were likely to become a non reporting company.
So don't hold your breath waiting for financials. LOL
Anyone holding here will become bag holders. This is a good day trade stock....but nothing else, IMO as they only own about 7% of Hang w as they lost 9/10 of the preferred shares on a $350.000 loan default.
WWTH can only generate cash through continued borrowing or diluting shares as sub penny prices.
There are really no financials to show, IMO.
WWTH is becoming an empty shell as assets keep leaving.
Recent WWTH dilution likely puts the float into hundreds of millions of shares.
Alpha Capital is one of them, who knows as MEDL seeming is now a not reporting company.
MEDL is not part of WWTH they sold it in January 2016 !
This post from me a while back pretty much tells the story.
********************************
Friends, family, shareholders and valued members of the With Inc, and Hang w/ communities,
Much has changed in this space we pioneered. Live has gone from a difficult-to-explain concept to a new category. Twitter and Facebook are in. Ustream, once a competitor in live-social-video, turned their focus to the enterprise and was purchased by IBM for $140M. Meerkat, without a point of differentiation, has pivoted away and left the space behind in less than a year.
Meanwhile, we believe that the Hang w/ platform remains out ahead of the field. We continue to see the opportunity of monetized live video. But despite our technical advantages, we are being heavily out invested and are having difficulty raising the capital needed to effectively compete.
Those familiar with our industry, our technology, and our user base agree that Hang w/ valuation should be significant. Meerkat raised money at a $52M valuation. Periscope sold to Twitter for nearly $90M prior to launch.
However the public market value of WWTH stock has been driven down by multiple forces - and the disparity between the two have made it increasingly difficult to raise money for Hang w/. The result, the Catch 22 of 2015, as the stock price decreased, it became increasingly difficult to raise money for growth, which led to further decreasing stock prices.
Because of this, the Company took on a number of loans with severe conversion implications to maintain the most critical operations, putting our very ownership of the company on the line in order to protect the asset and the shareholders. At times, both Dave and I have further invested personally in order to preserve the opportunity.
As many of you are aware, those notes been coming due and are being converted at terms which are causing substantial dilution for all shareholders. We are now in a battle for the public company’s most valuable asset - the 10 Million shares of Hang w/. The secured note holders of the Company are threatening to foreclose and we are making all attempts possible to prevent this from happening and/ or work out a deal for the equity holders.
In January, we decided to sell off MEDL’s Custom Development agency. The move allowed us to save the jobs of the both the MEDL and Hang w /employees. What's more, we structured a deal that allows us to retain the Hang w/ team and keep the platform running - while eliminating the associated overhead from With, Inc.
The decision prevented us from closing the doors on both businesses and created an opportunity for revenue to flow from the purchased company back to the public company. We expect that as a standalone company, with investment by the new owners, the Custom Development business will grow and with the earn out, it will be a great source of revenue for With, Inc.
Today, however, the company is in its most challenging position to date. While we fight against foreclosure, we must decide how to best spend the very limited capital. We are acting in what we believe are in the best interests of the shareholders and spending our money where we believe it will generate the greatest value for all of the stakeholders . Even potentially going so far as to change our status as a reporting company.
Day traders are up 25% today if they bought at todays opening or yesterdays close.
I wonder how much profit taking will occur heading into the close?
MEDL was a pathetic investment for everyone, and it still is !
SWI bought MEDL at .18 cents, and the performance chart shows they lost 50 percent buying MEDL.
It they held today, like some of us they are down 98 percent.
If we go into .000 land what can one expect then? If they want to continue to dilute they will pull a reverse split and keep selling shares.
Since they seem to be a non reporting company now who knows what to expect?
I hope to see a shareholder class action lawsuit, that is what why I am still here.
Andrew and Dave are criminals, IMO.
Hard to say what money is where or if there is any money and how its being invested into what ?
No financial disclosures have been filed since November, 2015.
WWTH alluded to become a not reporting company, and it looks like they do not want to disclose any financial information or cannot afford to pay for the report.
if in the 8-k they disclose that none of the officers have any equity interest in MEDL the LLC then what is the point of transferring the assets?
That was said at the time of the transfer of assets, but we do not know the current share structure or this private company MEDL Mobile Enterprises LLC. We do not know how Dave Schwartz is being paid in salary or stock options by them ?
In the Big Boots PR
http://www.marketwired.com/press-release/big-boots-acquires-medl-mobile-app-library-in-deal-valued-at-5mm-2121503.htm
MEDL/WWTH in this article is accredited with owning Hang w/ and you are saying that they are now two separate entities...
Remember the TOS in discussing WWTH, we are here to discuss the pros and cons of the stock, not the members. But I will answer your question anyway.
I think the stock is way undervalued, and should never have gone below a nickel.
I still own the same shares I have had since the stock was trading in the .20 cent range.
I challenged those to explain why this will go to the triple digits as think it should triple to at least a penny.
But I will not sit here and listen to all the nonsense being posted by those trying to lie and talk the stock up to bail out of their positions.
I am mad at the shell game WWTH managers have been playing, and I will respond to BS posts I read here, and those posters that lie.
I am neither a bull or bear here, only holding waiting to see what happens.
I am the only one speaking the truth about WWTH, as I have been here a very long time, and I am sure there are others just like me watching and waiting too.
It is a new logo belonging to MEDL Mobile Enterprises LLC. This company is not a subsidiary of WWTH, as I have stated.
The Medlmobile.com website use to belong to MEDL Mobile Holdings which changed its name to WWTH.
WWTH sold all the subsidiary MEDL assets to http://www.bizapedia.com/ca/MEDL-MOBILE-ENTERPRISES-LLC.html
a stand alone California Corporation.
Sorry this is so confusing, but someone carefully scripted this to be confusing to investors.
How does this benefit WWTH ?
The MEDL Mobile conference has no affiliation with With, Inc.
Stop posting this nonsense it is well known that all the assets from the subsidiary MEDL Mobile, Inc. were sold to a new MEDL Mobile Enterprises, LLC which has nothing to do with WWTH.
There was once a MEDL Mobile subsidiary of WWTH that had assets, but all that was sold to a stand alone private company.....MEDL Mobile Enterprises, LLC.
There may be a shell MEDL Mobile under the holding company WWTH, but it is empty with no assets, and therefore not sponsoring or attending any confrences.
I hope everyone on this board can see that all this is an intentionally confusing construct by WWTH and its management to trick investors in a stock shell game.
I doubt there will ever be any future financials as per the investor letter:
Yes it is all factual, and this letter/press release was made public in an SEC filing.
The company does not produce press releases in the usual way as they are often completed in SEC filings and you have to dig to find them.
No, MEDL has nothing to do with WWTH now ,except for possible future payments from a scam sale scheme removing huge WWTH assets.
MEDL Mobile was given away to Dave Schwartz and Porham Yedidsion for $125,000 an arms length transaction. LOL
Then MEDL got 5.5 million dollars for the sale of the app library shortly afterwards. WWTH got none of this. Pretty sneaky!
Dave Schwartz snuck these assets out the back door, so MEDL thrives and WWTH dies saddled with all the debt and toxic loans.
As I said, I am surprised there has not been a shareholder lawsuit.
How would you feel as a shareholder watching an asset get sold (stolen) for a mere $125 grand and a month later sells some of its assets for 5.5 million dollars.
It’s all about television streaming video apps.
Apps are the future of television. Think about it. On your mobile devices and computers, you already use apps such as Netflix, Hulu, WatchESPN, and iTunes to watch TV shows. And that’s exactly where TV in the living room is headed. Apps have liberated television.
Shopping networks are very popular television programing...enter Kevin Harrington and a WWTH live streaming television app. A shop with vertical like hangwith that will allow you to shop on television from ANY digital device anytime and anywhere. The hang w/ shopping vertical app can even allow you to interact and pay for those purchases immediately.
Apple Televison will allow you to make individual choices about what you want to watch. And when and where you want to watch it. With Apple TV and its powerful tvOS, developers are creating experiences that will change what you expect from your big screen, making your TV feel as personal as your iPhone or iPad.
Yes, you have it now :)
MEDL Mobile Enterprises is a California LLC, not a Nevada business:
http://www.bizapedia.com/ca/MEDL-MOBILE-ENTERPRISES-LLC.html
IMO, they got the 5.5 million dollars after stealing assets from WWTH. Look what happened to the shareholder value....LOL
We Got Royally Screwed by Andrew and Dave
It looks to me like WWTH was designed to sink loaded with toxic loans that led to a huge dilution of new shares of common stock.
Essentially, they skimmed off the cream except for the 72% ownership of Hang w/ which is all that is left under the WWTH Holding Co.
The new managers of the private MEDL firm are the same as WWTH, but WWTH shareholders were left out in the cold.
MEDL holding company changed its name in December 2015 to WWTH
Then in January 2016 they sold off the subsidiary MEDL Mobile to a private new company for $125,000.00
The NEW MEDL Mobile got a $5.5M cash infusion on May 4th 2016!!!!Not WWTH
All the assets of MEDL Mobile subsidiary went to this new private company, as I showed in my previous post. The $5,000,000 sale later on was NOT WWTH, it was this new MEDL business that was sold for a song yet with the entire MEDL app library.
This was a rip off, and should have resulted in a shareholder lawsuit. Don't you see WWTH got nothing from the sale of the app library !
No, since January, 2016 MEDL has nothing to do with WWTH, except for some possible future payments:
Sale of MEDL Mobile, Inc.’s Assets
On January 18, 2016, With, Inc. (the “Company”) along with its wholly owned subsidiary, MEDL Mobile, Inc. (“MEDL”) entered into an asset purchase agreement (the “Purchase Agreement”) with MEDL Mobile Enterprises, LLC (the “Buyer”) pursuant to which MEDL agreed to sell and transfer to Buyer all or substantially all of MEDL’s assets used in its developing mobile application software, or “Apps,” and related technologies and standards for such applications (the “Asset Sale”). The Asset Sale was consummated simultaneously to entering into the Purchase Agreement. The Company’s and MEDL’s boards approved the Asset Sale and the Asset Sale was approved by a majority of the Company’s voting securities pursuant to unanimous written consents. There was no prior relationship between the Company and the Buyer and this was not a related party transaction.
The aggregate purchase price for the Asset Sale is equal to the sum of (i) $125,000 and (ii) earn out payments determined as follows (the “Earn-Out Payments”): (A) 40% of the net operating income for calendar year 2017 in excess of $650,000; (B) 30% of the net operating income for calendar year 2018 in excess of $800,000; (C) 30% of the net operating income for calendar year 2019 in excess of $950,000; and (D) 20% of the net operating income for calendar year 2020 in excess of $1,100,000. For purposes of determining the earn-out payments, net operating income means Buyer’s net operating income generated solely from the agency app development business (not including revenues that may be generated from any other division that Buyer may develop post-closing) less all operating expenses (including any consulting fees and any general and administrative expenses) but before deduction of taxes and interest. The Earn-Out Payments are capped at an aggregate amount of $1,275,000 and are payable for each applicable performance period within 90 days after the completion of the review of the Buyer’s financial statement for the applicable year.
The Purchase Agreement contains customary representations, warranties and covenants by each of the Company, MEDL and Buyer as well customary indemnification provisions among the parties.
The parties also entered into several ancillary agreements as part of this transaction mostly relating to the transfer and assignment of assets as part of the Asset Sale. However, one of these ancillary agreements is a Consulting Agreement between Buyer and the Company.
Interest of the Company and the President, Secretary and Director in the Asset Sale
In connection with the Asset Sale, the Buyer and the Company entered into a consulting agreement on January 18, 2016, pursuant to which the Company agreed to provide technical and business support services to the Buyer (the “Consulting Agreement”). The term of the Consulting Agreement is four years unless terminated earlier in accordance with the terms of the Consulting Agreement. As compensation for services performed for the Buyer, the Company will receive $200,000 per year payable in equal monthly installments. Such compensation will not begin to accrue and become payable until March 1, 2016.
In connection with the Asset Sale, the Company’s President, Secretary, Director and a Majority Stockholder, David Swartz, is in discussions with us to enter into an employment agreement with the Buyer. Although no terms have been formally agreed upon we do expect Mr. Swartz to finalize the terms of employment in the next few months.
Except as described above, none of our directors or officers or their associates have any interest, direct or indirect, by security holdings or otherwise, in MEDL Mobile Enterprises, LLC or any of the matters described in this Current Report on Form 8-K.
Forbearance and Amendment Agreement
On January 18, 2016, the Company and MEDL entered into that certain Forbearance and Amendment Agreement (the “Forbearance Agreement”) with KGN Holdings, LLC (“KGN”) pursuant to which KGN agreed to temporarily forbear from exercising its rights and remedies under that certain Secured Revolving Credit Agreement dated January 17, 2013 (the “Credit Agreement”). Under the Credit Agreement, KGN agreed to make available to the Company a revolving line of credit in the maximum principal amount of $550,000, which was evidenced by that certain Revolving Secured Promissory Note dated January 17, 2013 in the principal amount of $550,000 (the “Revolving Note”). In connection with the Credit Agreement and Revolving Note, the Company granted KGN a security interest in the Company’s personal property, including the Company’s stock in Hang With, Inc. and MEDL.
Due to its security interest that covered assets of MEDL subject to the Asset Sale, KGN consented to the release of MEDL assets sold in the Asset Sale. Given this consent and the request to forbear described above, the Company, MEDL and KGN entered into the Forbearance Agreement pursuant to which KGN agreed to forbear from exercising its rights and remedies under the Credit Agreement and Revolving Note until the earlier of (i) April 15, 2016, (ii) the date of termination of the Forbearance Agreement upon events specified therein or (iii) the date on which the loan amount is paid in full. The Company has certain obligations due to KGN under the Forbearance Agreement, including but not limited to the delivery of a weekly cash budget with a variance report as well as a cash budget forecast, providing KGN access to financial information, monthly payment to KGN of an amount equal to 50% of the funds received by the Company and/or MEDL in excess of the amount required to fund their operations as set forth in the cash budget and monthly payment to KGN of interest, in arrears, of the principal amount of the loan at the default rate of 13% per annum. The Company and MEDL have also agreed to be subject to certain negative covenants and enter into certain ancillary agreements required by KGN with respect to KGN’s security interest.
This is the big question. Who got the $5,000,000.00 ?
Remember WWTH had already changed their name. Yet the sale of the library being sold was credited to MEDL's account. See what I mean!
Under which shell is the pea?
Did the new MEDL Mobile get the 5 million or did the library stay with the holding company WWTH ?
The suspicion is that when the new development company got sold off for a song to become a private company, the library went with them and that company got the 5 million dollars.
I am surprised a shareholder lawsuit has not resulted from stealing all these assets from WWTH and shareholders.
Many like me lost a lot of money from inept and/or deceitful management.
Dave Swartz is being paid from the new MEDL and is being paid fees to consult with with WWTH.
Who knows WTF these con artist executives are up to. But they sure knew how to rip off their friends, family and investors.
Yes, the management has done this in the past, even on a Hang w/ broadcast alluding that an update is forthcoming.
You have to understand that the management here does not exercise a high degree of business savy. Hence, the share price you witness here.
They built the BEST live streaming platform, and didn't know how to make money with it.
Management is great for building something and terrible for running a business.
Lately news comes via an SEC filing. Like an 8k Company Events.
They attach a shareholder letter to the 8k
It is only 7:50am in California
Still have several hours
Since the WWTH is in Orange County, California it would most likely be well before the markets opens tomorrow.
Although there could be a PR after the market close today.
This should provide for a nice gap up for Friday morning.
We should see a good close for those jumping in at the end of today.
They are not profitable despite building the best mouse trap. They could not figure out a way to cash in on what they built.
IMO, they put too high a value and missed opportunities to partner with a big player like Facebook. However you can live stream video from Hang w/ to every form of social media, and their web wigit can be used for posting live video to any website.
It will be interesting to see how strong a patent they will have, as this could reward them financially.
Download the app, and you can see what they built. I was just watching an old video from someone I follow who had broadcast live from a race in Europe.
When the press release about Kevin Harrington issued the stock hit .18 cents.
So you can see how undervalued WWTH shares are if that new Shopping network goes live. Sure there were 150 million less shares then, but the share price was so terribly beaten up as to be ridiculous.
At a third of a cent WWTH is a no brainer.
Most penny stocks are a scam, but WWTH really does have and produce a quality product.
And it looks like they will FINALLY tell shareholders WTF is going on, after management killed this stock.
If new management is announced this stock will go through the roof !
Hang W/ Adds Celebrity Product Pioneer, Kevin Harrington, To Lead Company Into E-Commerce Vertical
November 17, 2015
FOUNTAIN VALLEY, Calif., Nov. 17 , 2015 /PRNewswire/ -- With, Inc. (WWTH), developer of the Hang w/ (Hang with) live streaming social media platform and a leading developer of mobile applications for the Apple iOS and Android platforms, today announced that it has tapped Kevin Harrington to help lead the company into the multi-billion dollar market of direct-to-consumer product sales.
Kevin Harrington has launched more than 500 products that have generated more than $5 billion in worldwide sales. He is widely known as the Inventor of the Infomercial and one of the founders of As Seen On TV. He was one of the original sharks on the ABC Emmy award winning television series Shark Tank, appearing in more than 175 segments. He is the co-founder of the Electronic Retailing Association and has received the ERA Lifetime Achievement award.
A newly formed division of With, Inc., tentatively named "Shop w/," will leverage the company's Hang w/ technology - which has served millions of live interactive broadcasts to millions of users. This will be the company's first step into a vertical product line by leveraging existing technology to create a new standalone application, new user base and new market opportunity. The Shop w/ platform will allow users to present products during a live broadcast to viewers who can interact with the seller, ask questions, make comments, and purchase those products.
The Hang w/ app connects users through interactive live-streaming video, allowing anyone with an iPhone, iPad, Android device or desktop computer to broadcast live to a potential audience of millions of viewers around the globe.
The Hang w/ app is free and available for download on the Apple App Store and on Google Play by clicking www.hangwith.me.
For more information on Kevin Harrington, visit http://www.kevinharrington.tv.
About With, Inc.
With, Inc.(formerly MEDL Mobile Custom Development Services) is the development company that first incubated the Hang w/ app. Hang w/ connects people through live-streaming video and simultaneous chat, allowing anyone with an iPhone, iPad or Android device to broadcast live to dozens, hundreds or even millions of viewers around the globe. Hang w/ allows users to generate revenue by sharing revenue on pre- and post-roll integrated advertising; by enabling users to create mobile Pay-Per-View "Digital Ticket"events; and through user-to-user "Tipping" with digital coins which can be redeemed for money.
Outstanding Share estimate = 200 million shares.
I do not know the float number ?
I estimate that there are about 200 million shares.
The float was 27 million, then reached about 50 million.
A private equity firm was issued 148,332,800 shares in June.
WWTH owns a percentage of Hang W/ subsidiary. It is about 72%
WWTH is the exclusive licensee to the platform for all future new vertical extensions that will copy Hang w/
There are protective patents that will issue on live streaming that are held by the subsidiary company, in which these are all licensed to WWTH
It was in January that Kevin Harrington joined the WWTH team to build a new live streaming shopping network.
You people need to download the Hang w/ app or go to HangWith.com and review Andrew's old broadcasts
It is all there !!!!
I have been here since it was in the .40 cent range. Management has built a great streaming video platform yet could not make it profitable.
To cut costs they sold the MEDL Mobile division to concentrate on building live streaming social and business networks.
The lack of keeping shareholders informed led to the share price falling. There is no doubt they have been working, but not issuing press releases.
When a press release is forthcoming we will go back into pennyland for sure.
Sticky post 1049 please