High Wire Networks Inc (HWNI)

[micah211099]

There's a veiled ERC update right there in black and white in the 10-Q unless I'm grossly mistaken. You just have to look for it a bit.

"For the three months ended November 30, 2014, we generated $22,566 in revenue compared to revenue of $148,404 generated during the same period in 2013. This is a result of the ending of Phase 2 of the alternative products project, our sole source of revenue, which occurred in September 2014. We anticipate that Phase 3 will begin in January 2015."


Go re-read the agreement with Alstom on file with the SEC. Phase 3 is the evaluation and design of a scale up from pilot plant to full size commercial plant including CAPEX, OPEX and end unit costs. This phase inherently requires a completed pilot plant for it to begin from my understanding. So either the pilot plant is completed or the company just filed a report with the SEC that is flat out false as they couldn't possibly expect phase 3 to be starting any day now if there was no pilot plant. It's done and we'll be hearing about it any day. Anyone else read something different from this?