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i use fidelity and it always makes you pay the ask...never seen it under .0002 since i started following this stock a couple weeks ago. might be the broker i use
the ask price has been .0002 for both .0001 and .0002 actual prices lately. does it matter which one you get in at? i keep seeing people posting about getting in at .0001 so i want to make sure it wouldn't be screwing up to get in at .0002.....any help on this?
How does 400,000 shares knock it down to. 0001 again after all the buying today? This was bc of the toxic financing right? Ive read about it but i dont fully understand yet...?
....you may be right, you may not....call me crazy but I think they might just start profiting in time to save their asses and subsequently ours as shareholders (not that I personally have much to lose buying at .0002) Also, it's my understanding that they set up a large segregated production line exclusively for GSI which I'm sure cost a lot of money, if only they'd start the damn project already.
Here's an article I found (whether he's talking out of his arse or not idk):
Good Morning Traders,
MWW Automotive (MWWC) released its financial results for fiscal year 2012 yesterday. See here for the full 10-K.
HOWELL, Mich., Jan. 15, 2013 /PRNewswire/ -- MWW Automotive Group (OTCQB: MWWC), a global automotive firm providing OE manufacturing of accessories and complete logistics services to many of the world's leading automotive and industrial manufacturers, issued today its financial report for the Fiscal Year 2012, ending on September 30, 2012. The full text of the Company's audited Annual 10K Report can be reviewed on the Company's web site at www.mwwautomotive.com or at the SEC website www.sec.gov.
"The last twelve months have been a crucial and complex year in MWW's business history, dealing with the consequences of the loss of our largest Toyota customers moving their accessory business back to Japanand Toyota Motor Services," states Chuck Pinkerton, CEO of MWW Automotive. "These customers represented the majority of our revenues for many years. Accordingly, our income decreased further during 2012 in comparison to 2011, although we were able to come close to meeting our revised projections. We have aggressively reacted to these changing market conditions and have reorganized the Company, so it would not only help us to survive these difficult times, but also re-focus on the core strength of MWW. Restructuring the company and revising its capitalization, rebuilding a strong roster of new major clients and expanding into different industries was the focus during 2012."
Mr. Pinkerton continues: "Based on our track record for high-quality OE production and customer satisfaction, we are now taking advantage of the increasing demand by large manufacturers for smaller, but more frequent production runs, a core competency that we have been focusing on over the last few years. We have been able to further reduce our overhead, while at the same time expanding our production capacity and secure a substantial amount of new business with new large customers in the automotive market as well as in the industrial machinery markets. During 2012 we still experienced significant delays with the launch of several of our new projects, especially with our new industrial client. Consequently we still generated limited revenues during FY 2012. With several of the new programs from our major clients now in production, we are confident that beginning in Q2 of 2013, revenues will start to increase again, with a moderate increase already expected during Q1 2013. We hope that our expected improving financial performance, combined with the reduced need for unfavorable financings and the appropriate marketing campaigns going forward, should have a positive impact on MWW's share price."
COMPARISON OF THE YEAR ENDED SEPTEMBER 30, 2012 TO THE YEAR ENDED SEPTEMBER 30, 2011 REVENUES
Net revenues were approximately $790.211 for the year ended September 30, 2012. Our revenues decreased $1.1 Million from the year ended September 30, 2011. This decrease is attributable to the fact that during 2011 we lost our largest customer, Toyota, who represented a majority of our total revenues. Since then we have been focused on restructuring our entire organization, reviving product selection, re-focusing on our core business and acquiring new customers in the automotive as well as in the commercial industries.
OPERATING EXPENSES
In an effort to return the company to profitability, we have reduced operating expenses without sacrificing production capacity and/or quality. Selling, general, and administrative expenses were $1,413,139 in 2012 compared to $1,712,760 during 2011. The decrease of $299,620 in costs is attributable to management's stringent efforts to reduce overhead costs while further streamlining operations.
OPERATING LOSS
Reconciling our net loss to cash we produced a net loss of $515,077. While the loss attributable to the Company is reported at $11,116,725, the loss from operations was $1,723,232. The largest positions of the loss attributable to Company and operations consists of several large NON-CASH positions, such as the change in derivative liability, change in operating assets and liabilities, non cash interest and other non-cash items. Based on significant cost-down exercises and the streamlining of several crucial processes and positions throughout the company, reconciling our net loss to cash produced a loss of $515,077. With the anticipated increase in revenue and improving cash flow, beginning in Q2 of 2013, there should be a decreasing need for additional unfavorable financing and accordingly a positive impact on the company's share price. Please see a detailed breakdown in our 10K financial filings with the SEC.
I heard several mentions of a Feb 15th date on the quarterly report last week supposedly directly from mwwc management. I just saw news of a late filing announcement again. Was the feb 15th date considering the late filing or not? Would like to know when to expect the report....
because i don't have 20k...nor would I implement that level of lack of diversification if I did. But, for some investors with millions, it would represent a small portion of their portfolio. The potential upside to this is huge and worth the risk of investing in a company in such bad shape. Have any idea what millions of shares would be worth pre-recession? Seems to me if they were going to go bankrupt they would've just done it already, certainly not when the company is starting to pick up business. It's simply a high reward/risk ratio and worth it to me. If I lose a few hundred dollars then my life doesn't change, if I invest a few hundred dollars and mwwc recovers nicely then chaching-chaching. The fact that all companies in a similar industry suffered a lot during the recession, in my opinion, gives mwwc a partial pass on the financial performance and unfortunate need for toxic financing thus far. Do you hassle people this much when you see them buying lottery tickets?...because that's a lot worse than this.
wish someone would toss in about 20k and get this thing to the .0003 mark
what does this mean? if you add them up it comes to about 42%...does that mean the lenders own 42%...im confused
i believe it was intended to mean calendar year
any bets that friday's report will get this thing off the ground?....if i have to look at any more .0001 .0002 .0001 .0002 .0001 .0002 i will go crazy
MWW Automotive Awarded Continuation Of Ford F-150 Component Production
HOWELL, Mich., Feb. 11, 2013 /PRNewswire via COMTEX/ -- MWW Automotive Group (OTCQB: MWWC), a global design, engineering, and manufacturing firm serving some of the world's leading automotive and industrial manufacturers, announced today that it has been awarded the continuation of the production for the re-finishing and fulfillment of interior parts for the Ford F-150 series line of trucks. The program is ongoing now.
(Logo: http://photos.prnewswire.com/prnh/20110816/DE52700LOGO )
The MWW interior package produced for the Ford F-150 includes several dashboard components that are produced at and delivered from the MWW Class-A painting facility in Baroda. This is the first extension of this program for MWW, which will run through 2014.
Charles Pinkerton, CEO of MWW Automotive stated: "We are happy that we have been able to meet our Tier1 Partner's and Ford's stringent quality requirements for this high-end program. We appreciate their recognition of the quality of work that we have delivered consistently as well as our capacity to reliably meet the client's 'just-in-time' logistics requirements." Pinkerton continues: "Having been awarded the extension of this program is not only an endorsement of our work, but will also support MWW's constant efforts to produce the internal Ford-150 components even more efficiently and will manifest the relationship with its Tier1 Strategic Partner and Ford even further."
This new program is an extension of the initial pilot production run for the Ford components. As with other Tier1 pilot production runs that MWW has launched during the last twelve months, this program is now moving into a standard production run for the 2013 through 2014 model years. This will allow MWW to better plan its production capacity and adjust personnel and production requirements dynamically in response to the expected increasing production volume. In conjunction with other new programs that already have been and are still expected to be awarded to MWW by its Tier1 partners, manufacturers and/or custom design firms, this will support the efforts of stabilizing the company's production volume and accordingly create a positive and more predictable impact on future revenue generation.
About MWW Automotive Group (MWW)The MWW Automotive Group's (OTCQB: MWWC) administrative offices are located in Howell, Michigan, with a 40,000 square foot Class A manufacturing and logistics facility in Baroda, Michigan for the production of high quality OE automotive and industrial products. MWW delivers its products and Class A painting, assembly and logistics services directly to major US and Foreign automobile manufacturers' Vehicle Processing Centres (VPC), leading edge show car and performance accessory design firms, and/or assembly lines in North America. MWW's industrial products are delivered directly to the industrial manufacturers for installation in their facilities. MWW provides substantial added value to the sale of vehicles and industrial products for leading international automobile and industrial manufacturers such as Toyota, Chevrolet, Hyundai, Kia Motors, MAZDA, GM, Ford, FIVE AXIS and their strategic partners ROUSH Performance and Polytec/FOHA. For more information visit www.mwwautomotive.com or e-mail investorrelations@mwwautomotive.com .
Safe Harbor Statement: Certain statements in this press release that are not historical facts are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be identified by the use words such as "anticipate," "believe," "expect," "future," "may," "will," "would," "should," "plan," "projected," "intend," and similar expressions. Such forward-looking statements, involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements to be materially different from those expressed or implied by such forward-looking statements. The Company's future operating results are dependent upon many factors, including but not limited to the Company's ability to: (i) obtain sufficient capital or a strategic business arrangement to fund its expansion plans; (ii) build the management and human resources and infrastructure necessary to support the growth of its business; (iii) competitive factors and developments beyond the Company's control; and (iv) other risk factors discussed in the Company's periodic filings with the Securities and Exchange Commission, which are available for review at www.sec.gov under "Search for Company Filings."
SOURCE MWW Automotive Group
http://rt.prnewswire.com/rt.gif?NewsItemId=DE57625&Transmission_Id=201302110800PR_NEWS_USPR_____DE57625&DateId=20130211
www.prnewswire.com
Please read this. its long. does anyone know what the market cap was pre-recession? say like 2008 era...........I am curious, I feel that this figure may be a decent indicator of the company's long term potential (years....not months, not days). If you take a look at the total history of mwwc since going on the otc in mid-2006, it opened at about 1 dollar/share (pre r/s). From 1 dollar/share it quickly started sinking, slowly but surely to where it is now (as we all know, pps is largely about where the company's near future is expected to go, not where it is at that moment). Why is that? management was terrible? was it all just a scam?...perhaps. However, consider the economic climate, especially in the auto industry, when they entered the otc market. Did they really have a chance? This is a company that depended completely on the auto industry doing well (at that time, toyota) and we all know just how bad the recession hit this sector, which in return hit smaller companies that depend on them such as mwwc ten times as hard. Now...take a look at the company's growth and connections established since inception in the late 90's up to the otc debut aka beginning of the recession...clearly they did very well here to be profitable, expanding, and globally recognized. Proving that there was a big potential market for their business.
I believe that there is a decent chance that mwwc will succeed in the next 5 years, riding the coattails of the auto recovery. The fact that they even survived the recession without bankruptcy is astounding to me. It will be quite some time until the residual negative sentiment and the actual debt go away but this is the time to buy because that is what is on everyone's mind. The pps is literally 1/3000000th of its value at inception if you factor in the r/s (convertibles ruin this a bit). Wow....throw a few hundred dollars down and check back in 2 years. It's a hell of a lot better than playing the lottery. I bought +1 million shares for basically pocket change. And if they go under then so be it, but do you really want to be the guy that wouldn't bet a measly hundred bucks for a potential massive gain in a few years. Also, I feel the recession has made mwwc a stronger company at its core. I like to look at these recessions as a cyclical thinning of the heard, leaving only the strongest to grow again...and if the company was going to go bankrupt it would have already, not when business is picking up.
replies/ideas are welcome.
p.s. i'm here to have an intelligent discussion, not argue with you because you're bitter about losing money with mwwc recently so please don't waste the board's space
just realized the majority of the management team is 59-63.....i give this company 5-10 yrs (assuming they survive financially til then) before management starts dropping like flies or going senile on us shareholders lol
does anyone know if mwwc is still issuing convertible shares as payment or if that is now over? if they can ever get a damn profit out of gsi (questionable) then maybe they won't have to and this share value destruction might eventually subside leaving room for an upside.
anyone have recent news about gsi contract?
and if we see another r/s at this supposed "turn-around" point then well.....f.our.lives b/c that would 100% confirm a sinister scam
by the way...i threw in a couple hundred bucks a few days back at the .0002 ask price just for the hell of it....+1 million shares lol just in case something happens...if not then oh well its only a little money (beats playing the lottery lol)
One more thing i don't understand....isn't the ask price for everyone bottom out at .0002 even when the pps is .0001? I don't understand how it goes to .0001 b/c anyone who is selling right now is breaking even or selling for a loss leaving money on the table. The only explanation I can think of is the convertible debt that was built up b/c those shares were purchased at a major discount to my understanding....?
so if the price it teetering betwenn .0001 and .0002 and the o/s is roughly 20% of the a/s then the pps can only go to .0005-.001 before a split is needed..correct? (not a r/s)
will the convertible debt ever go away? someone please explain this to me...i understand the whole concept of the discounted shares but is there a time limit for the companies that own them to sell them so maybe the rest of us can move on from .0001/.0002 and increase share price.
p.s. i'm very new to penny stocks in general so if i sounded ignorant here it's because i am...at least until i learn more