High Wire Networks Inc (HWNI)

[Ecomike]

Not in the world I come from, and it is not the deal SGSID made.

It was a way to borrow cash on demand using Tier 1 receivables from fortune 500 companies at a very low interest rate, to pay down the convertible used to buy the source of those continuous receivables.

Ponder knows what he is doing.

"the whole point of factoring is that the factoring company takes the risk. "

It is used to finance inventory and speed up cash flow by 30-90 days.

If you recall they bill jobs as the work is done, but get paid when the job is complete, IIRC, on some jobs, so cash flow is super critical!!! They can not wait lets say 3-4 months to get paid for 4 Million dollars a month in revenue!!! Thus the factoring receivables.