Right now I am in at about 1.14 million shares and don't want to buy any more. I like the company and I like that I know were there at. My mother in law lived in Howell Michigan for over 10 years and my wife is from Stockbridge Michigan which is only about 10-15 minutes away from there. Gives me a chance to maybe go visit the plant and check it out when I go down state to visit family. Don't think I would be able to visit the other facility, although it would be the good one to visit.
I'm thinking they will be able to be profitable in the next quarter or two and that should drive the price up quite a bit. Plus, I don't think there will be much more dilution once Socius is done. They kind of came out of the blue when they bought that debt. Plus, I think they will try to run up the stock price to sell their shares which will be good for all of us that are in real low such as myself.
The only big drawback to the stock is the lack of volume most days. I'm thinking if enough people realize this little stock exists, that might change. I feel the current price is great at this point for the potential it has, but it might be a good idea to wait until we get close to the True-Up Period for Socius before getting in if your not sure.
As for the China stocks, I know what you mean by taking a beating. I was very luck that I sold most of my shares of JADA before the quarterly came out that drove the price way down. Unfortunately, I forgot to sell the shares I held in my mother's account, so she took a good hit when it dropped. She was in at 0.30 cents so it could have been worse. If I would have remembered to sell her shares with mine she would have had a 33% gain instead of a lose. Well, that's the way it goes sometimes. As for CMKM, I think it is a great stock to buy at 50 to 60 cents and sell at 80 to 95 cents. I did that a few times last year and CMKM was by far my biggest gainer in my portfolio last year. If I would have stayed with that strategy instead of buying JADA and IFXY, I would have had another $50,000 easy by now, ready to reinvest again because it is down again.
Anyway, thanks for the other stock tips. Good luck and I hope you like what you see with MWWC. If you don't, that’s fine too. Maybe I’m just crazy but it was the equity deals that got me interested in it months ago. Personally, I think it is a unique stock. Never really seen a company do such intricate share deals when they need to issue shares. They really know how to protect themselves. Most of these companies don't have the type of floor price protection clauses in their equity financing and settlement deals that MWWC does. Plus, if you read the quarterly report, you will see that a majority of the shares that have been issued, have been issued at a much higher price than what they are trading at right now. I believe it is around 9 cents a share for the majority of the shares that were issued within a year until just recently.
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