Central Wireless Inc (CWIR)

[BJoe]

An RS on CWIR is necessary if we believe Plutusx plan to uplist. The minimum for NASDAQ using Market Cap Standards is $4 bid PPS and $50M Market Cap. To meet minimum PPS & Cap the float would be 12.5M public shares. Remember, smaller share numbers make hitting the $4 PPS easier and is more realistic. There are other ways to uplist, but they involve longer reporting history and I think they want to get this done ASAP. Also, their White Paper (page 68 Pro Forma data) shows a cap raise of $38.4M to get things rolling. They stated in their Oct blog “the hedge funds in New York expressed interest in capital infusion through a Reg A offering”. Subtracting the 9.6M public shares @$4PPS required to support an offering leaves 2.9M to represent the current float of 1.08B at an RS of 375:1. What the dilution will really look like is anybody’s guess. Doing some math assuming 375:1 takes the recent high of $.0004 to $.15 PPS. To go from $0.15 to a $4.00 PPS minimum leaves plenty of room to make money. As always – wait for the OTC cleanup, do your own DD, play with the numbers yourself, and make your decisions accordingly.