High Wire Networks Inc (HWNI)

[Ecomike]

Here is what I have so far:

· MVTG Mantra is a Nevada corporation but it is also a reporting issuer in British Columbia because its management is based in British Columbia.

· Mantra’s primary reporting jurisdiction is in the US, and it satisfies its BC reporting requirements by re-filing in BC all of the documents that it files with the SEC.

· Although the BC Securities Commission accepts SEC filings from all OTC issuers who report in BC, there is a discrepancy between the SEC and the BCSC deadlines for filing annual reports. The SEC deadline for filing the 10-K annual report is 90 days plus a 15 day extension. Meanwhile the BCSC has two technical deadlines: 90 days with no extension to file the 10-K (in lieu of the Annual Information Form (AIF) required of other issuers) and 90 plus 15 days extension to file financial statements.

· Because SEC issuers file a 10-K which incorporates both MD&A and financial statements in the same document, the BCSC has historically not enforced the strict 90 day AIF deadline. Therefore, Mantra and other OTC issuers reporting in BC have never been cease traded as long as they file their 10-K in BC within the 90 plus 15 day extension deadline.

· Unfortunately, the BCSC has decided without warning to begin enforcing the firm 90 day deadline for AIF filings, which has led to the CTO.

· The CTO will be automatically lifted provided that Mantra files its 10-K within 90 days of the CTO. Mantra intends to file the 10-K with the SEC and the BCSC by Monday the 18th, within the allowable SEC 10-K extension period and within the BCSC financial statement extension period.

Note that CTO was not just done to MVTG, it was a whole bunch of stocks all at once in BC Canada that got hit with out warning, and that BC is already apologizing on mass about the change in practices, and lack of warning. The trade halt is only in BC Canada, not anywhere else. MVTG will trade every else with no problem.