High Wire Networks Inc (HWNI)

[kennypooh]

My guess is that the SEC and FINRA refused to give a green light to another R/S possiblility for InterCloud Systems? thus the desperate last minute re-shuffle involving SGSI.

"InterCloud will file to complete a reverse stock split before the merger closes. The Post-merged, company intends to list on the NASDAQ exchange under the name Wavetech Global,Inc as soon as it meets the requirements for listing, but there can be no assurance that such a listing would be accepted. Therefore, InterCloud will continue to trade on the OTC Pink until NASDAQ requirements are met."

The merged company will focus on developing its proprietary portfolio of technologies to address the large and rapidly growing critical power industry. The merger is expected to close in early 2019, pending the satisfaction of various closing conditions. The post-merged entity will operate under the new name, WaveTech Global, Inc. BV Advisory Partners is acting as advisor to the transaction.

Mark Munro, CEO of InterCloud Systems stated, “"This strategic merger of WaveTech and their platform of cutting edge products has the opportunity to create value for our shareholders but will also address significant unmet needs in the marketplace.We expect to work diligently with WaveTech to restructure InterCloud’s balance sheet in order to meet the requirements of an anticipated definitive merger agreement. We look forward to advancing WaveTech’s developing and commercializing their products into the global marketplace."

https://globenewswire.com/news-release/2018/12/21/1677720/0/en/InterCloud-Systems-Enters-into-Letter-of-Intent-to-Merge-with-WaveTech.html

GLTY and JMO