High Wire Networks Inc (HWNI)

[kym1216]

I guess I will give you the same advice you gave me...sell your shares. How many do you still have?

[kym1216]

Okay, so about 3 weeks ago you were unhappy with my reply because you said this should be at .25 and now it is a sinking ship. Looking at you previous posts, you have been pumping this for months. What changed?

[infamous]

definitely going to .01 or less on the next update that they increase. i can almost guarantee it will be right around their next PR IMO

[infamous]

Lol. I can name you 10 penny stocks who have issuances at way higher higher
Prices than current POS with even better SS And the stocks just fall and fall. It means nothing those issuances. Watch the next otcmarkets update. I bet it goes up at least 5 mil shares. Hwni has been talking about going to the nasdaq since they were .30. Its .044 now. If it looks like and quacks like a duck....well you know

[kym1216]

Well, the notes they issued in September have a conversion rate of .10. And you know how those investors are not in it to break even. The Kizer's make money if the stock is over .075. The silver lining for the Kizer dilution is I doubt that they will accept a ridiculous reverse split from Mark. The other thing to note is obviously they saw some potential to invest $10 million. Again they are not in this to break even. .25 is still a possibility this year. However, IF they did do a 5 for 1 reverse split, this would easily hit $1 and with enough business it can turn into a $5 stock from there. If they achieve $80 million in revenues, there is no reason this could not be a $250 million MC.

[infamous]

Even if the numbers are great, they will sell right into it like they do on every pr

[kym1216]

Well, it is not a $1.00 stock. However, I am expecting that when they release the 10K at the end of the month, they will be profitable. We know of the big win in February along with the big renewal in March so Q 1 is going to look good as well.

[infamous]

I guess harsh reality set in. This SS gets worse and worse

[infamous]

Oh 12 million shares...is that all. Jesus h

[kym1216]

What happened? Earlier this month you were telling me that this was a .25 stock?

[kym1216]

What converts are you talking about? The Kizer's got 80 million share's which has been added to the O/S. They had that $5 million loan where they issued converts but they cut that off after $1.2 million. The convertible price was .10. So that is 12 million shares. Other than that, what other ones are you looking at?

[infamous]

to be honest, with 240mil OS, a PPS of around .005 would be more like fair value considering theyre constantly diluting every other otcmarket.com update. IMO

[infamous]

mark porter ceo, got paid a salary of $289,231 last year plus $30k in other forms of compensation.

[infamous]

hey converts! why dont you just hit the bid with those 6 million shares you got so this can go to .006 and it might be worth a trade by then? IMO

[infamous]

omg. why does this CEO just keep issuing converts? pay his own pockets? jesus h

[infamous]

now GTSM has an undisclosed amount on ask. Oh this thing about to fall hard IMO. no volume to save this PPS with these converts getting ready to get out. pfffft

[infamous]

take a look at whats on the ask now! yea, this is going to sub penny IMO. 200k on ask.

[infamous]

and the problem is, even if a trading group looks at this, theyd see a 240mil OS and millions of converts. they wouldnt run this stock is their lives depended on it. maybe once this has 500mil OS and the stock is at .0005 they would though.

[infamous]

when he said to you that theres only 1 guy who could be selling...even if he didnt tell you who, thats a violation of SEC rules. im going to look further into that.
and him not telling you exactly who, is a Dk move cause he wants to dangle a carrot in front your face and give you some kind of hope? yu gotta love the OTC CEOs......pffffffft

[infamous]

yes, and porter the ceo is so uncumunicative its uncanny. he never replies to emails, calls, anything. They USED to have an IR(Ron Both i think his name is), but he either no longer works for them or is just as bad with communication as porter is. they still have milliions of converts waiting in the wings.. you can tell they are slowly trying to get out when you see those big lots suddenly show up on the ask then disappear. they have no idea how to sell in order to make something with dead volume for the last 2 years.

[kym1216]

He can control the share price. It is called increasing revenues. Stop issuing debt. The company has been around for over 20 years if it is that stable and has such a strong client base, they should be able to support growth without issuing convertibles. This space is very aggressive and there are several companies going out and getting business. Due to the lack of growth in such a strong space, they need a new CEO.

[kym1216]

He can control the share price. It is called increasing revenues. Stop issuing debt. The company has been around for over 20 years if it is that stable and has such a strong client base, they should be able to support growth without issuing convertibles. This space is very aggressive and there are several companies going out and getting business. Due to the lack of growth in such a strong space, they need a new CEO.

[infamous]

because they are a bunch of liars IMO. i bet next otcmarket update will be at least 5 millions shares added to the already 240mil OS shares. yea, right, this is going to nasdaq. lmao

[Craig305]

There is still a lot of convertible debt on the books and new convertible debt being initiated to this day.
I thought they PRd no more convertible loans moving forward but yet in December, they created new debt with future conversions.

[Stockfun1]

Looks like no buying this morning. After that sell off yesterday seems like people now are a little skiddish to buy for fear of the selling beginning again. Personally I think the selling is over .

[infamous]

i noticed on the 3/1 otcmarkets update, they raised the unrestricted part of the OS by 500,000. wth

[Stockfun1]

I feel you. Becoming more difficult to believe with the OS rising so much and negative price action.

[infamous]

Im not buying what he said. I looked at recent filing 10q and I've never seen so many converts. Revenue was down. every 40 days the OS goes up.
This company is a share selling scam to stay afloat. Theyre going to have to RS 1 for 100 to get on nasdaq. Problem is,,,thwy will keep the 1billion share AS.

[Stockfun1]

Hey Infamous. I Contacted CEO and According to Mr Porter When I asked him about Debt Holders converting he said.

“There's not a single debt holder that converted. There's nothing on the internet that you can take as true. Nobody has any non public information. “


Also when I asked about whether he had any understanding of who could be selling
He said:

“There is only one guy who could sell that many“.

Mr Porter did not elaborate on who he was referring to though.

When asked about the price action today and his thoughts on how long this selling might last and how low he felt this selling might last or what PPS he thought the bottom would be. He said :


“Unfortunately there's no way to control
the stock price. Even "managing" it is impossible today. We're managing the business fundamentals and that takes a lot of time. There's not a lot of "value discovery " these days, only trading on the otc and in micro caps in general honestly. We will work hard for you. We appreciate your support. “

For those who own the stock, including you Infamous, This is all I know. Anyone can contact investor relations just like me. I still believe this is a great company and definitely a star in the OTC. Just can’t figure out when its pps will shine like it should. Looks like it Hit .045 today and started its ascent back up rest of the day. Hopefully the selling is over.

Stay strong everyone.

[infamous]

They dont care if this stock goes to. 000s as long as they can stay afloat issuing as many shares as they want

[infamous]

It seems the conversions are just getting started here. . Hilarious. Hwni been making claims to go to nasdaq for 2 years but ruined their SS , 40mil os to 240mil os and issued 6mil converts

[kym1216]

Good luck with the .25. I hope you are correct. However, there really isn't anything that would indicate that we will see that. Especially with the 3rd quarter of 2023 showing very small growth. 20% growth increase is not much for a company this small.

[infamous]

I dont share your opinion at all. This is going over .25 soon imo and youre not scaring the smart out of their shares which is why you're suddenly posting out of the blue. Lmao

[kym1216]

So basically only say good things or leave. I am sorry but these discussions raise awareness. When you have a CEO that states 2 years ago that they are going to get listed but then grow the O/S by 200 million shares and after 2 years are at all time lows, that is a little challenging. The Kizers shares added 80 million to the O/S. That is horrible. It shows they cannot function without issuing shares. Mark needs to write a letter to the shareholders and address what is going on.

[infamous]

If you feel that way then why are you here? To save all of us strangers from ourselves? Lol or get in cheap for when this goes above .25?

[kym1216]

Because their business model is stupid. They rely on channel partners to sell. You cannot have the kind of mark up when you are working with resellers. That is why almost every company in this space has a sales force. They got lucky and won some big deals and I feel like they thought 625 channel partners would just allow them to sit back and wait for money to walk in the door. If that was the case, every company would do that. There is a reason why they don't. There are several sales reps that have no desire to sell third party products that other companies can sell. What they needed to do is hook up with on major corporation and have an agreement in place that would allow them to sell their services on an exclusive level. There would have to be minimums which is what can be incorporated in their product line forecast. However, why would a company sell a product that their competitor could sell just as easy. This model is what will kill the company. At 625 channel partners, they are basically doing the same growth in business as 10 sales reps would do.

[kym1216]

Let's hope that you are correct. However, this Roth conference is a way of looking for investors. They don't buy shares on the open market. They are looking for a deal. The only think I am hoping for is that the Kizer's want to dump some of there shares and they will transfer out. However, I do not see any other reason for them going to the shark tank and speaking to the folks at Roth without looking to issue more shares for money. That is the whole purpose of those events.

[KnicksStockChamp]

No 8k is associated with that kinds of news.

The latest 10q says "As of and for the nine months ended September 30, 2023, the Company had an operating loss of $7,402,876, cash flows used in continuing operations of $6,898,188, and a working capital deficit of $6,609,855. These factors raise substantial doubt regarding the Company’s ability to continue as a going concern for a period of one year from the issuance of these unaudited condensed consolidated financial statements."

There are also 14 pages of entries in that 10q under "Loans Payable to Related Parties".

[infamous]

Read the news. That debt was abolished cause of something. I dont remember what though.

[KnicksStockChamp]

I don't see how they paid off $6.2m of debt with a negative EBITDA and weak quarterly growth.

[infamous]

And ill tell you this much. Theres a ton of buying in the .07 range the last 8 months. Imo, when this goes, it'll go hard

[infamous]

Nah. Porter said they are out of debt now . No need for that imo.

[kym1216]

They issued 80 million shares to the one investor about a year and a half ago. They can sell for a profit if it is over .075. Looks like they are tired of waiting. Besides, with that Roth conference coming up they are obviously out of money and need to issue more shares to a new investor. They were not clear on how much money they will bring in with that new contract.

[infamous]

selling 249k at .08 now? i think someone or some group does not want this flying up yet IMO. HWNI

[infamous]

Honestly we don't have to worry about any of that if this stupid company started letting their Prospective investors know what a good company they are

[Craig305]

You have to worry about the market maker PUMA that is undercutting the 150k seller.
PUMA is a diluting MM with an undisclosed amount of shares to sell.

[ndforlife]

LOL!! I saw that. Feelings mutual.

[infamous]

Whoever the F is trying to sell 150k shares at a time, just hit the bids and get the fk outta here! You fkn p.ssies

[Stockfun1]

https://stockinvest.us/stock/HWNI

[infamous]

smart money is eating through this POS seller with smart money. i cant wait for this seller to realize he made the biggest mistake of his POS trading/investing career. dumb A.. HWNI