High Wire Networks Inc (HWNI)

[teron31]

I still recall when 3M tried to buy MVTG for just $5 million dollars, and Larry turned them down flat in 2009. MVTG MCap is now about 35 Mil, and rising. That means that MVTG CEO Larry Kristof made the right decision, a management decision that was top caliber to protect MVTG shareholders from a 3M corporate raid attempt that failed.

ABSOLUTELY FALSE REPRESENTATION of 3M's relationship with Mantra. Here is an sample from the affidavit filed BY Mantra Venture Group and CEO Larry Kristof in response to John Russell's lawsuit in BC Court. All of this is under OATH from Mantra and is FACT:

I will provide some highlights in "red"

And if there was really a "takeover" offer from 3M, why was it not put to the shareholders for a vote? This is NOT Mr. Kristof's company even though he may behave as such.

The deal fell apart because 3M would not move forward with its investment in Mantra with Larry Kristof involved. And guess who is still involved?

Dealings with 3M Industrial and Transportation Business_

9. In or about October 2009, Mantra entered into an agreement with 3M Industrial and Transportation Business ("3M") to work together to evaluate and develop the Technology over a 4.-month period of time commencing in October 2009.

10. Russell and Kristof were the main contact persons for Mantra in its negotiations and business dealings with 3M and in the work in evaluating and developing the Technology. Russell's dealings with 3M were consistent with his duties and responsibilities under the Consulting Agreement and as a director of Mantra.

ll. In or about April 2010, negotiations commenced between Mantra and 3M to indefinitely extend their business relationship in the evaluation and development of the Technology.

12. By the end of April 2010, Mantra and 3M reached a non-binding agreement in principle whereby 3M would acquire a minority shareholder interest in Mantra Energy subject to
reaching agreement on all other terms and conditions (the "3M Financing"). At the time, Mantra had zero cash and negligible revenue. The successful completion of the 3M Financing was a key component to Mantra's continued operations as of April 2010.

13. On or before April 30, 2010, 3M indicated to Mantra that, as a term of the 3M Financing, it required Mantra's board of directors to consist of a representative of 3M and Russell,
and that Kristof would have to resign as a director and officer of Mantra.

14. Upon learning of the above noted conditions of 3M, Kristof asked Russell if he would agree to become the new President and CEO of Mantra. Russell advised Kristof that he was prepared to accept the position of President and CEO of Mantra provided that he receive additional compensation for doing so. On behalf of Mantra, Kristof agreed that, upon the successful completion of the 3M Financing, and 3M's agreement to have Russell appointed the President and CEO of Mantra, Russell would be appointed the
President and CEO of Mantra at a salary of approximately $150,000 per year.