High Wire Networks Inc (HWNI)

[kai-zen]

It’s my personal opinion that Munro is the bad player in this whole thing. There were two derivative lawsuits naming Munro in 2017 right before ICLD sold its assets to SGSI.

Also, ICLD has no revenue producing assets. SGSI bought them all at a discount. The only revenue producing assets they ever had are now owned by SGSI. We also took all of their customers in those acquisitions.

Compare the three sources of capital SGSI has used. Munro is the only source of toxic financing. I honestly wouldn’t be surprised if Ponder was able to acquire ICLDs assets at such a discount only if Munro was able to get equity out of it.

https://www.munrocapitalinc.com/index.html

https://www.supergcapital.com

https://www.prestigecapital.com

So while initially management had briefly showed us their ability to eliminate toxic debt from the balance sheets they need to be clear has to how they plan to get rid of the rest or at least minimize the total potentially dilutable shares.