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Friday, March 23, 2012 12:50:21 AM
I don't think anyone can accuse MWWC management of tricking people into investing in the company. On the contrary they are determined not to be seen as a pump and dump stock. My argument concerning communication style affects reputation and brand image over the long-term, but I didn't imply this was a pump and dump, nor did I state that.
I stand by my statement that the lack of communication is coupled with a lack of demand for shares which is turning the price into a total dump. I can respect MWWC motivation on communication style and disagree with it.
I believe MWWC's stock price goes lower before it turns around, but that doesn't make it solely managements' fault. The company could produce profits and the share price could still tank (look at what happened in 2008 during the economy-wide credit crunch even to profitable companies.)
Due to my belief of where the share price is heading I continue to watch the Common from the sidelines. That makes me a smarter buyer for not rushing in early. I am pretty sure the teens will be hit (I believe many people share that opinion but haven't posted it) and that it's possible for trips to hit (same belief as to others' unpublished thoughts).
What I do hope happens if MWWC receives its industrial client order is that an institutional memory is created that the economy is effectively cash-only for all but the largest companies. Also that convertible debt is to be avoided at all costs. In the interim, you might consider profiting from MWWC's distress with a convertible debt offer of your own. As was mentioned, there are some limitations from MWWC's side, but I assume they are bridgeable.
I would also commend management for deferring their salaries and advancing the company money. While I disagree with their communication style, they are exhibiting true leadership. It's not often that management leads from the front and does the right thing to support their company. If nothing else, the fact that the managers are loaning their own money and deferring salary should tell you they have the same interests (if not greater) than shareholders. That should tell you this isn't a pump and dump.
If the TA is gagged you can bet it's not in the shareholders best interest.
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