Lest we forget . . .
MDR310 (Rainer Poertner)
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Wednesday, March 21, 2012 11:54:24 PM
Post # of 22077
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.
Management 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.
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I, invesdebater, now say the following:
The 10-Q informed us of the financial status as of 03/31/12. It is now nearly two months later, business is growing, and we are that much closer to the anticipated recovery. Only three trading days ago the pps was .0029 at the close, based on the more recent company developments.
While it is true that the negative numbers of the second quarter were terribly disappointing and frustrating, it is the ensuing panic and self-destructive tearing down of the company that can be most ruinous to the shareholders, as well as to MWWC.
We all demand performance from management but at the same time, in my opinion, some posts undermine management's efforts with a steady barrage of angry, negative, out-of-context, and selective "facts" that present both a distorted picture of MWWC and the character assassination of those working hard to build it up. Some here claim to be altruistically saving potential new investors from calamity, while gleefully destroying the equity and potential profits of current investors and the future of the company and its employees! Give me a break.
Does the naysayer on this board claiming to be long really want to "cut off his own nose to spite his face?"
"THERE IS NO DIFFERENCE BETWEEN THE COMPANY AND SHAREHOLDER INTEREST. IF THE COMPANY DOES WELL, THE SHAREHOLDERS WILL DO WELL."
Can we not wait, at least until the end of the 2012 fiscal year that management indicated to us as the time needed to turn things around, before we pass judgement? Is it necessary to perform an autopsy while the patient is still breathing and has, no matter how faint, a pulse?
Let's give management, and ourselves, the chance to survive . . . and prosper.
AI
