High Wire Networks Inc (HWNI)

[RealDutch]

how does mantra buy a co. for 10 M with no cash?

That's what the $2M convertible is for. If Intercloud converts today, they will get roughly two thirds of the shares. If the share price goes up, they will own less. If it goes down, they will own more.

It's basically a reverse merger, or better, a reverse acquisition.

The company could have just given Intercloud 200M shares and get it over with, instead of doing this convertible. But then it would be a change in control and probably needs shareholder approval.

You can't trust Intercloud until you can trust them. That's always an issue when you give up control.