Marketing Worldwide Corp (MWWC)

[trthwlstufre]

Regarding the preferred stock:

Ten Million (10,000,000) shares of the par value of $.001 each shall be preferred stock. So, 1 million out of the ten million preferred are Series D Super Voting. What are the going to do with the other 9 Million preferred? Perhaps they used/are using it to pay off the remaining debt? Someone mentioned how the debtholder was someone who wanted to see MWWC succeed, perhaps that holder would rather get preferred (and benefit a whole lot more knowing MWWC is going to be profitable), than get quick common shares?

The Series D Super Voting Preferred Stock consists of 1,000,000 authorized shares. On April 12, 2012, Marketing Worldwide Corporation (the “Company”) issued 90,000 shares of its Series D Super Voting Preferred Stock to four persons, valued at $.10 per share, as consideration for Retention Agreements.

90,000 Series D Super Voting Preferred Stock was issued out of the 1,000,000 authorized. I wonder what they will be doing with the rest of those Series D Super Voting?