High Wire Networks Inc (HWNI)

[Ag Boy]

Plug vs Mantra. Wow, I went back to Plug website, sat thru their 2015 annual meeting video and looked at their 1st qtr earnings release. In the 1st qtr they had 4 million revenue from product sales, they had 5 million revenue from service fees (Note it cost more to service than buy-that always bothered me as a plug owner), they report 9.4 total revenue, they had 10.6 million in administration cost (admin costs more than sales - historically when sales go up admin goes up in proportion - and this was always the problem when I owned Plug Stock) Plug reported an Adjusted Net Loss of 12.8 million and used 13.6 million of cash. Promises are promises but financial reports are facts. The large increase in sales to the Walmart Service Centers did not push them to profit and even if you double just the product sales and hold expenses the same as for 1/2 that sales they would still operate at a loss. Mantra knows how to hold down expenses, when IP revenue comes in it will be large, growing fast, and expenses will not grow in proportion to revenue. My action - sold Plug, bought Mantras - Happy and has been profitable so far

Plug Earnings for 2014 minus .24 / estimate for 2015 minus .21 taken from
http://www.nasdaq.com/symbol/plug/analyst-research

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