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.00ps
A new 52 week low.
Just cant catch a break.
THERE GOES THE FLOOR.
Hate being right so often.
LOL
GLTA & JMO
Just like last time?
LOL
I cant even make this stuff up.
GLTA & JMO
Balance of Trades:
https://ih.advfn.com/stock-market/USOTC/spectrum-global-solutions-inc-SGSI/trades
New 52 week low cometh..
Vapor continues.
GLTA & JMO
Yikes.
GLTA & JMO
Those on the sidelines must be ecstatic they never got involved here.
Saved themselves 99% in losses and years in stress.
GLTA & JMO
Its never pumped for more than a day or two.
Thats why its at .0007 pre-split.
LOL
Yikes.
GLTA & JMO
HEXO Corp. announces pricing of public offering of common shares
HEXO Corp. (“HEXO” or the “Company”) (TSX: HEXO; NYSE-A: HEXO) today announced the pricing of its underwritten public offering of common shares (the "Offering") at a price of C$6.50 per share (the “Offering Price”). The underwriters for the Offering have agreed to purchase 7,700,000 common shares from the Company for gross proceeds to the Company of C$50,050,000.
The Company has granted the underwriters an over-allotment option to purchase up to an additional 1,155,000 common shares at the offering price, exercisable for a period of 30 days following closing.
The Offering is expected to close on January 30, 2019, subject to the satisfaction of a number of customary conditions including, but not limited to, the listing of the common shares on the TSX and the NYSE American and any required approvals of each exchange.
The Company will use the net proceeds from the Offering for general corporate purposes, including funding the Company’s global growth initiatives and research and development to further advance the Company’s innovation strategies.
CIBC Capital Markets and BMO Capital Markets are acting as the lead underwriters and joint book-running managers and Oppenheimer & Co. Inc. is acting as the co-lead underwriter for the Offering. The co-managers for the Offering are AltaCorp Capital Inc., Beacon Securities Limited, Bryan, Garnier & Co Ltd, Cormark Securities Inc., Eight Capital, GMP Securities L.P., Laurentian Bank Securities Inc., PI Financial Corp. and Roth Capital Partners, LLC.
The Company will file a final prospectus supplement (the "Supplement") to the Company’s amended and restated short form base shelf prospectus dated December 14, 2018 (the “Base Shelf Prospectus”) with the securities regulatory authorities in each of the provinces and territories of Canada. The Supplement will also be filed with the U.S. Securities and Exchange Commission ("SEC") as part of the Company’s registration statement on Form F-10 (the “Registration Statement”) under the U.S./Canada Multijurisdictional Disclosure System. Copies of the Supplement and the Base Shelf Prospectus will be found on SEDAR at www.sedar.com and on EDGAR at www.sec.gov, and a copy of the Registration Statement will be found on EDGAR at www.sec.gov.
Copies of the Supplement, the Base Shelf Prospectus and the Registration Statement may also be obtained in Canada from CIBC Capital Markets, 22 Front Street West, Mailroom, Toronto, ON, M5J 2W5, by telephone at (416) 956-3636, by email at michelene.dougherty@cibc.ca or from BMO Capital Markets, Brampton Distribution Centre c/o The Data Group of Companies, 9195 Torbram Road, Brampton, Ontario, L6S 6H2, by telephone at 905-791-3151 Ext. 4312 / 4322, or by email at torbramwarehouse@datagroup.ca and in the United States from CIBC Capital Markets, 425 Lexington Avenue, 5th floor, New York, NY, by telephone at (800) 282-0822, by email at useprospectus@cibc.com or from BMO Capital Markets Corp., Attn: Equity Syndicate Department, 3 Times Square, 25th Floor, New York, NY 10036 (Attn: Equity Syndicate), or by telephone at (800) 414-3627, or by email at bmoprospectus@bmo.com.
No securities regulatory authority has either approved or disapproved of the contents of this press release. This press release is for information purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About HEXO
HEXO Corp. is an award-winning consumer-packaged goods cannabis company that creates and distributes award-winning products to serve the global cannabis market. As one of the largest licensed cannabis companies in Canada, HEXO Corp. operates with over 1.3 million sq. ft. of facilities in Ontario and Quebec and a foothold in Greece with plans to establish a Eurozone processing, production and distribution centre. We serve the Canadian adult-use market under the HEXO brand while continuing to provide our medical cannabis clients with consistent access to Hydropothecary medical cannabis products.
Equity raise of 7M shares is at $6.50 price.
Should see a bounce and then another run.
GLTA & JMO
Just wait til ICLD packages up all those convertible notes and sells them at a steep discount to a 3rd party.
Effectively lowering the floor on all that debt to well below the post-split 52 week low.
TIMMMBERRRRRR.
And shareholders are going to get screwed again. Just when they thought the floor couldnt get any lower. Its like Deja Vu all over again.
WAKE UP. Trip zeros are coming again post-split.
I hate being right all the time.
GLTA & JMO
MANTRA did basically go BK and Larry screwed shareholders by denying them a tax loss.
Now most who are still crossing their fingers are just being milked for more charitable donations.
Its way passed the rinse and repeat stage, its in the FLEECE stage.
GLTA & JMO
You just answered your own question.
History repeating itself.
GLTA & JMO
Triple zeros
Post and pre-split coming.
Just like last time shareholders will get wiped out.
GLTA & JMO
Keep in mind shareholders are mostly wiped out after a massive reverse split.
And then factor in all the dilution. Toxic notes. And failures to deliver by management.
Smart money left the Mantra building long long ago.
And only pink ghosts left.
GLTA & JMO
Wow.
That 100 share paint job must help ease the mind.
LOL
Single digits cometh.. and then vapor. AGAIN.
Hate being so right..
:)
GLTA & JMO
HUh? Not sure what you're looking at but current PPS is red and the L2 is not happy with a cratered bid.
Just wait til a new 52 week low dissolves even more fantasy.
GLTA & JMO
OOps.
Guess they forgot what they promised for Q1.
LOL
More dilution on its way as lower lows and lower highs make them scramble to salvage whatever shareholders are left.
GLTA & JMO
7 Million shares is about a 700% increase in just a few short months after the RS.
The excuses just keep piling up. There is no good reason to believe the insiders care about shareholders.
ICLD should be the BIG RED FLAG at the very least.
Once holders sell their convertible debt for less than the floor it will only be another RS that shareholders will look forward to.
Single digits are coming.
Trip zeros are already here. As promised.
GLTA & JMO
SGSI is a pinksheet nightmare for shareholders.
How much money needs to be lost before common cents prevails?
LOL
Triple zeros must be hard to swallow.
.00ps
Better out with a loss than a tombstone.
TOO LATE.
GLTA & JMO
Is nobody going to say anything about the 1.4M AR they gave up for 1M in cash?
Its just delaying the inevitable as they continue to widen the capital crunch they are under.
BK is coming, and then back to another shell or ICLD 3.0
GLTA & JMO
THe only reason someone would want this shell is for the deferred tax loss.
GLTA & JMO
Its just a GD shell game.
One hand moving the company from one pocket into the other while shareholders get the crotch.
LOL
GLTA & JMO
Uh oh. The fleecing continues..
Good luck folks.
Item 1.01 Entry into a Material Definitive Agreement.
Libertas Financing Agreement
On January 4, 2019, Spectrum Global Solutions, Inc., a Nevada corporation (the “Company”), together with its subsidiaries, AW Solutions, Inc., AW Solutions Puerto Rico, LLC, Tropical Communications, Inc., ADEX Corp., ADEX Puerto Rico, LLC, and Telnet Solutions, Inc (collectively with the Company, the “Financing Parties”), entered into an Agreement of Sale of Future Receipts (the “Financing Agreement”) with Libertas Funding LLC, a Connecticut limited liability company (“Libertas”). Under the Financing Agreement, the Financing Parties sold to Libertas future receivables in an aggregate amount equal to $1,460,000 for a purchase price of $1,000,000. Pursuant to the terms of the Financing Agreement, the Company agreed to pay Libertas $31,601.75 each week based upon an anticipated 20% of its future receivables until such time as $1,460,000 has been paid, a period Libertas and the Financing Parties estimated to be approximately 11 months. In the event that the Financing Agreement is paid off earlier than 11 months, there is a discount to the sum owed. The Financing Agreement also contains customary affirmative and negative covenants, representations and warranties, and default and termination provisions. The Company used the proceeds of the Financing Agreement for the acquisition of TNS, as discussed below.
TNS Stock Purchase Agreement
On January 4, 2019, the Company entered into a Stock Purchase Agreement (the “Purchase Agreement”) with InterCloud Systems, Inc., a Delaware corporation (“InterCloud”). Pursuant to the terms of the Purchase Agreement, InterCloud agreed to sell, and the Company agreed to purchase, all of the issued and outstanding capital stock of TNS, Inc., an Illinois corporation (“TNS”). The purchase price paid by the Company for TNS includes $980,000 in cash, paid at closing, and the issuance to InterCloud of a convertible promissory note in the aggregate principal amount of $620,000 (the “Note”).
The interest on the outstanding principal due under the Note accrues at a rate of 6% per annum. All principal and accrued interest under the Note is due January 30, 2020, and is convertible, at any time at InterCloud’s election, into shares of common stock of the Company at a conversion price equal to the greater of 75% of the lowest volume-weighted average price during the 10 trading days immediately preceding the date of conversion and $0.10. The Note includes customary events of default, including non-payment of the principal or accrued interest due on the Note. Upon an event of default, all obligations under the Note will become immediately due and payable and the Company will be required to make certain additional payments to InterCloud.
The foregoing summaries of the terms of the Note, the Financing Agreement, and the Purchase Agreement are subject to, and qualified in their entirety by, the agreements and instruments attached hereto as Exhibits 4.1, 10.1, and 10.2, respectively, which are incorporated by reference herein.
Item 2.01 Completion of Acquisition or Disposition of Assets.
On January 4, 2019, the Company completed the acquisition of TNS pursuant to the terms of the Stock Purchase Agreement, as discussed in Item 1.01 above.
https://ih.advfn.com/stock-market/USOTC/spectrum-global-solutions-inc-SGSI/stock-news/79032821/current-report-filing-8-k
New 52 week low.
Again.
Hows that NEWS?
Lol
I cant even make this stuff up.
GLTA & JMO
Or wait for the cheaper ones.
5 years and counting.
1 Reverse Split.
Countless broken promises.
Infinite sadness.
GLTA & JMO
Look at all that interest.
LOL
Thats what happens when shareholders are perpetually lied to and management dilutes on top of broken promises.
Nothing left but a paint job routine.
GLTA & JMO
Again, its not news.
No decent management team would put out an interview with a second tier promo stock vendor through their official news wire.
It wreaks of desperation.
And that says a lot with the sad state of affairs thats already become this stock.
GLTA & JMO
Actually its just a wire service.
The onus of responsibility is with those paying for the news to be spread.
This is not news worthy.
Its just more desperation as the PPS plummets.
Stock is broken, and so is the chart.
GLTA & JMO
Thats not PR or NR worthy.
Shareholders are getting shafted daily and insiders are doing promo interviews?
LOL
Hows the NASDAQ uplist coming? Must be right on schedule for 2087
LMAO.
I cant even make this stuff up.
GLTA & JMO
FINRA may not allow another RS to occur.
But think of the NASDAQ!
LOL
Trip zeros. And infinite sadness.
GLTA & JMO
Whats really sad is that 99% of true longs have lost 99.9% of their investment as this one has slid into triple zeros pre-split.
The chart is awful.
And the stock is broken.
And its getting worse with lower lows and lower highs.
Sorry.
GLTA & JMO
No chance.
How many strikes until the game is over?
LOL
I mean really.
Triple zeros.
GLTA & JMO
Its the BID that counts with dilution.
Triple zeros is not a great pre-split metric.
Cant wait for the next K/Q. Again.
I mean really.
GLTA & JMO
The ASK is .19
And it was lower than that during trading hours.
This is going lower.
NO DOUBT.
GLTA & JMO
Whens the uplist to the NASDAQ?
LMFAO
I cant even make this stuff up.
GLTA & JMO
Unfortunately there hasnt been any real news for a long time aside from a revolving door of CEO's.
They tried to reverse split this a while back but FINRA struck that down.
Its a bit of a lost cause.
John R/ssi really screwed shareholders.
GLTA & JMO
No. Its dead.
Happy New Year.
Same as the last 6 years.
GLTA & JMO
Another precipitous drop in PPS.
Also known as a typical day in SGSI-ville.
Down 30%
New Year.. same jeer.
Better places to put money these days. SGSI is the dilution capital of the pinksheets.
Next December it will be another hard lesson for those clinging to this broken stock.
GLTA & JMO
And how many broken promises?
DILUTION Machine afterall.
Better to be out with a loss than a tombstone as per usual.
GLTA & JMO
.000ps
Another RED Day for SGSI
Dilution is a helluva thing.
GLTA & JMO