Marketing Worldwide Corp (MWWC)

[surfkast]

This company has a lot more issues than blaming shortie. They are dumping shares like crazy and the P/R is a farce and will cause more problems.

Marketing Worldwide Cancels the Reverse Split

Only 2.5 billion shares will be left for any business deals if they retire the restricted. Also see the cashless warrant deal below..

‘MWWC' has identified 470 Million shares of Restricted Common Stock that will be retired to the treasury over the next few weeks; this will clean and reduce the outstanding share structure of outdated non-compliant issuances.

Key word is restricted

Now this is interesting, from their filings is appears the only restricted common are 2 billion held by Jason Schlenk the ceo..


Authorized Shares 6,500,000,000 03/15/2023
Outstanding Shares 4,528,905,549 03/15/2023
Restricted 1,050,215,05703/15/2023
Unrestricted 3,478,690,492 03/15/2023


Marketing Worldwide under a re-negotiated contract now has the capacity to eliminate $100,000 in convertible debt and has verbal approval from the debt holder to proceed.

That will still leave ove $1 million convertible.


Marketing Worldwide Media ‘MWM' (sub.) will host a select group of Accredited Investors with the intentions of selling ‘Cashless Warrants' executable at a ‘fixed sum basis' and paid for by proceeds generated from corporate activities; as opposed to, dilutive debt paid by the parent company Marketing Worldwide Corporation.

This sounds good to the uneducated.
BUT....


Warrants
Warrants give the right, but not the obligation, to buy or sell a security—most commonly a stock—at a certain price before expiration. The price at which the underlying security is bought or sold is referred to as the exercise price or strike price; however, in order to be cashless, the warrant itself must be defined as a cashless warrant. In this case, the holder would pay the exercise price from the value of the shares received.

For example, if the warrant is for the purchase of 10,000 shares at $1.00 per share, and the market price of the stock at exercise is $10.00 per share, the holder would, upon exercise, receive the market value of the shares ($100,000) minus $10,000 (shares multiplied by warrant strike) for a total value of $90,000 or 9,000 shares.

Dilution: Warrants cause dilution because a company is obligated to issue new stock when a warrant is exercised. Exercising a call option does not involve issuing new stock since a call option is a derivative instrument on an existing common share of the company.








https://www.otcmarkets.com/otcapi/company/financial-report/360414/content