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At least a funny and smart post
You are right, there are many facts that we would not spread over message boards. Many of your questions fall into that category.
As a matter of fact I have no time to entertain, so if you just want to talk back and forth, you need to do that with soembody else. And I will not answer questions that I am not in a position to answer.
Rainer
We have addressed this many times, it was not that the business plan failed, but the implementation changed:
1. Toyota lost months of production and then moved production from the US to Japan after tsunami/nuclear catastrophe.
2. Industrail client has been delayed, several other projects were delayed. Issues on the client's side and out of our control. We have addressed this before.
3. It is our goal to improve share value for everybody over time.
4. We do not address rumors on any boards.
Hope this helps
Rainer
Hi George
I said I don't know what the reason is for the volume , I did not say that I have not turned every stone to find out. As a matter of fact, I have very good realtionships in this business after 2 decades, but I still do not know. Sometimes buyers and sellers do not want anybody to know, especially not the company. Only if it is a significant accumulation in one position would they have to file with the SEC. At that time, seevral days after the fact, we could potentially find out.
The transfer agent has no idea who is selling the shares, they only issue shares and deliver to the owners. Everthign after that is in the hands of market makers and brokerages. Even the constant issuance of NOBO lists (also expensive) is not going o help, since many owners hold in several different street names.
Also, I meant the "fluff" that often times is requested from us from many posters on the board, not from you. We agree that information on a regular basis is important and we will continue to do that as good as we can and whenever warrannted. Hopefully we will be in a position to do that soon without having to relent to "Fluff"
Our business plan for how to get back to Perfomance is extensive and we typically do not publish that in detail ahead of time, but every importnat milestone that is based on facts will be reported by us promptly.
Rainer
Hi George
We have no idea what the volume was caused by. It was not caused by us, any current communication or potentially pending action.
The answer to your other two questions is easy: IMPROVING OPERATIONAL AND FINANCIAL PERFORMANCE.
...and that is what we are working on every day. Nothing but this and/or communication about SIGNIFICANT mile stones will have a major impact on the SP. All "fluff" pieces, as requested so many times, will have not more than a few days "flash in the pan" effect and cause only more disappointment and frustration, except maybe for day traders and flippers.
In regards to private placements, we are not allowed to actively solicit stock purchases to the public, this would require a complicated and expensive registration statement with the SEC and the engagement of an underwriter. If someone wants to get involved in any private placement they need to be an accredited investor under the SEC securities act and both sides need to comply with all SEC rules and regulations. These are typically funds that make these investments.
Hope this a answers your questions.
Rainer
Would you mind reposting the questions, takes a lot of time for me to search through he posts to answer.
Thank you
Interesting how many people turn up that supposedly have talked to me, or have sent me documents, that I have never heard of. I talk to quite a few MWW investors every day and most of these conversations, even when critical, are very professional. I will be happy to continue these conversations as good as I can. We are open to hear your criticism and listen to your concerns, and our doors are always open (well to a degree, we can't receive an endless line of people in our facility), believe it or not, we are pretty busy. If you have actually talked to me, it would also be helpful if you used your real name in your post, so I know who I am dealing with.
P.S. For the upcoming facility visit we have agreed to receive a investor with a large position in MWW, who we felt was well qualified based on his working experience in the automotive industry and who was well respected on iHub. Should be satisfactory for most?
Rainer
They are in, they have been extremely helpful and continue to be.
Very good questions that go to the core of the problems !!
Sounds like you have some ACTUAL business experience. Don't expect anyone to have the answers though....?!
You also seem to be an investor and not a "trader/flipper. The question if we (MWW) have done everything you possible can to get through a difficult situation, caused by NOT self inflicted problems, will be answered with time. The proof will be in improving performance.
Than you for asking good questions.
Thanks for your post. Will answer as good as I can later today.
From now on you can just talk to yourself. Enjoy!
meathead, I could have a much easier life than this. You do not get this either, nobody gets milked here. A company has encountered difficult times and instead of walking away and destroying all shareholder value, the team members are working for free, because they believe. Where is the advantage?
Do me a favor and go away if you can't comment professionally, even in difficult times, you are starting to embarrasse yourself and nobody else.
To EVERYBODY else: constructive criticism and suggestions always welcome. I am talking to very critical (and smart)!people all day long, have not ever heard from meathead !!
Well, it seems you simply just don't get it.
I will just say it one last time, the company needs to operate to be able to create revenues and shareholder value. Who is going to do that day in day out under these difficult circumstances. It's a lot easier just to spew venom and male unfounded accusations. Why don't you take over and we can let everyone go home, I am sure you would do a much better job.
Will continue to do so.
Living it every day and will continue to do so. You are certainly not going to stop us from trying to turn this all around.
Wonder why you are still around, what is your agenda?
You are welcome to criticize, but I would appreciate if you stuck to the truth at least reasonably, if you can. I am not in a position to delete any comments on this board, what makes you think I can?
No criticism of board or board members either, quite opposite. I appreciate the MWW teams hard work and how the MWW board is supporting its Managment team.
DID NOT SAY "FATAL". Said "bullet wound", just like the entire US economy. Important to recognize that, so you can attend to it. We have been attending to this "bullet wound", that is why we are still here. no desperation at MWW, just hard work to get this all back in shape. We might not always agree on the methods, but we all have the SAME objective, revenue, profit and SHARE VALUE.
Let me rephrase that, I will only not react to certain posters anymore, I simply believe it is a useless exercise, but will try and answer and address any legitimate concern or question as good as I can and am allowed to.
......and you are right, I should not punish the board because of a few rouge posters. I should assume that most investors are smart enough to make their own decisions, pro or con.
Rainer
I hate to break with my last statement, but i do have to answer your post, since it is factual and posts legitimate questions.
No, I was not referring to your post. Like I said, real concerns and criticism always appreciated and I mean that. Your questions are VERY legitimate, although not always correct. We have expressed concerns about the state of affairs at MWW a few times before, especially in our last 10Q, or the last publishing from our Chairman.
Nevertheless, I understand that most shareholders would like answers to the questions that you have posted. I will confer with MWW management and counsel to see if and how we could address these questions outside of a 10q filing without violating any rules and regulations. I will require some time though to address this.
Thank you again for your post.
Rainer
Everybody can thank meathead for this board not hearing from me again, simply useless.
Again, everybody truly interested can contact me directly. Concerns and constructive criticism always welcome.
Thanks for proving my point!
That is correct and totally appreciated.
It is also what we are taking: action without talking about it much (words). We are committed to let everyone know when there is some substantial event to report.
Sorry, this was in response to one of the typical "meathead" spews as public service to all MWW shareholders:
"And you honestly expect me to post ANYTHING on this board? Anybody who has some REAL questions and concerns, instead of simply spewing venom and making unjustified accusations, can call me at any time!"
Rainer
Thank you to all the professionals that still support us, despite of the concerns we all may have. Yes MWW has been wounded and suffered a bullet hole and maybe has high cholesterol also? MWW is attending to the bullet hole first and will attend to the high cholesterol after that. (Quoted from a statement of a financial analyst on the state of the US economy today)
There are other limitations on our side
Every accredited investor can, terms need to be negotiated on an individual basis. Please consider the requirements for "accredited investor"
While I read all the posts on iHUB, I typically do not get involved. Everybody is entitled to their opinion and I am not attempting to convince anyone otherwise. Nevertheless, I'll will get involved this time, maybe against my better judgment, to correct a few severely wrong facts.
Managment of a public company is responsible to generate sales and profits for its shareholders and make sure that it is in compliance with all SEC rules and regulations. Naturally, communication with the markets is also of crucial importance, but we at MWW cannot and will not "manipulate" the market with unsubstantiated fluff.
During the last year we have been making certain decisions that are, as we believe, very much in the company's and accordingly in the shareholders' interest.
THERE IS NO DIFFERENCE BETWEEN THE COMPANY AND SHAREHOLDER INTEREST. IF THE COMPANY DOES WELL, THE SHAREHOLDERS WILL DO WELL.
Based on tight cash flow, caused by well known circumstances over the last 2 years, the company needs cash (please see our SEC filings) in order to finance the many awarded new productions that we worked very hard at to secure with new large clients. Since traditional bank financing for small companies has literally evaporated, we decided to use the currency of a public company, namely its stock, to finance new production. Accordingly the company had to make a few simple choices:
1. Raise no funds, generate no new revenues and eventually shut down.
2. Responsibly raise funds through currently available financing instruments (convertible debt), take advantage of the currently existing opportunities and make the company profitable again.
We believe that #2 might be the version that most shareholders would prefer. Although it has caused a temporary drop in the share price, it allows us to launch new productions, begin increasing revenues again and subsequently the share price.
To support this strategy, many managers in the company, including the Chairman, the CEO and myself have in the past (and still are) been deferring salaries for extended periods of time in order to bring the company back on track. In addition the CEO has advanced personal funds to the company and I have invested significant amounts of personal cash into the company over the last few years and as recent as a few weeks ago. So, we are actually not "stuffing" our pockets, as one post implied, but actually "emptying" them as a sign of our commitment to our company and its shareholders, which by the way, also includes us.
Every Dollar we have raised has gone and is still going right back into operation, mainly production. I would hope that this is in the interest of all shareholders.
Nevertheless, all that aside, the only thing that matters is performance, and THAT IS EXACTLY WHAT WE ARE WORKING ON EVERY DAY. I sincerely hope that we can show this performance to you soon enough, so these painful days will all be a distant memory.
P.S. We will turn up communication when we believe that it will have a long lasting positive effect, so we are not wasting our resources for a potential one-day spike. In the meanwhile we are always here to answer your questions.
This message should not be interpreted as investment advise, or as a solicitation to sell, buy, or hold MWW stock. PLEASE READ OUR SEC FILINGS CAREFULLY AND DO YOUR INDEPENDENT DUE DILIGENCE.
I have to disagree. A company I'd being built its to the advantage of everybody, especially if a company is as cost conscious as MWW is. no luxuries here, all goes into the business. Convertibles are a temporary tool for MWW and growing revenue will cure all.
Eventually, strong fundamentals will convince the market.
I have to disagree. A company I'd being built its to the advantage of everybody, especially if a company is as cost conscious as MWW is. no luxuries here, all goes into the business. Convertibles are a temporary tool for MWW and growing revenue will cure all.
Eventually, strong fundamentals will convince the market.
I can confirm your level of DD and they always include the tough questions that everyone on the board wants answers to. While there are never total guarantees in life, I CAN guarantee that MWW has an extremely devoted team, that is working hard around the clock to make this work for all of us.
Very impressive posts today, very much to the point. This is exactly what it is about!!
These are also the business strategies employed to keep the company going and build the stock value back up, although it may take a little while. At least there is something valuable to build back up again and it surely is in the interest of ALL shareholders.
Great post, conservation of capital is important right now and needs to be invested in getting new productions off the ground, .....and it is February. July 1, 2012 would be a good mid point?
Thank you for all the compliments on the conference call; much appreciated. Together, we will get there.
Go Ihubers, you can do it !
Thank you for you appreciation and your understanding of the capital market principles, this is the reason why one operates a public company, a pc also giving investors the opportunity to participate in the success of the company via the markets.
There are no guarantees in life ever, but the one thing I can guarantee is that MWW has an experienced and absolutely devoted management team, that is working hard to produce the results that we all want to see. And as we believe, we are on our way and we are looking forward to 2012.
No reply does not necessarily mean your assumptions are correct. Could mean that I am extremelY busy, which I am, or does your question is too specific and cannot be answered outside our SEC filings. Sorry.
Nevertheless, and as I said before, we always very carefully weigh our financings and only choose to finance when it's required to generate a positive ROI as quickly as
Possible. I hope you understand .
Nice try!
Have a good weekend.
Naturally all production always ramps up from lower volume to full volume over a period of time.
We are in pre-production and will go into full production next week.