Something to think about.
Is and always was ICLD and SGSI acting as one single company?
Former ICLD CFO, former President of ICLD's AW Solution Inc and Co- founder of ICLD set up of SGSI, and it is believed intentional orchestrated ICLD to end up being the majority common share holder of SGSI while it received millions in cash.
According to a poster on the ICLD board they shared common offices. A poster claimed he called ICLD and the person on the other end answered Spectrum Global.
Ponder states he converted the convertible debt to end the toxic effect it had on the company's stock, knowing it was ICLD that was the holder of that convertible debt.
Could it be possible, SGSI ran several pumping promotions to help ICLD dump millions of shares on to the market, purposely driving down it's own share price so ICLD would benefit from the convertible debt?
A former insider claimed that was the case.
Did Ponder and Hayter give themselves absolute voting control because they did not trust ICLD and were afraid they might have gotten the same treatment as was given to Wavetech Global?
May 09 2019, Roger Ponder, Company CEO stated: “These seller notes have had a toxic impact on our stock price in recent months as portions of the notes were sold at a discount to face value and then converted into common stock at a discount to the market price. This forced conversion not only eliminated the ability of the holder to do that in the future, but the notes were actually converted at a substantial premium to the current market price.”
Sept 26.2019 Ponder stated " “These seller notes have had a toxic impact on our stock price in recent months as portions of the notes were sold at a discount to face value and then converted into common stock at a discount to the market price. This forced conversion not only eliminated the ability of the holder to do that in the future, but the notes were actually converted at a substantial premium to the current market price.”
Were portions of the notes sold so ICLD would make money while at the same time drive down the share price so they would receive more shares?
When those convertible debt were converted to common shares who received the majority of those shares? ICLD
