High Wire Networks Inc (HWNI)

[Craig305]

Unfortunately that is not enough of a catalyst to do anything for the stock price. They need to eliminate the outrageous convertible debt they still have on the books that is sucking them beyond dry.

One example is if you look at Q3 financials, just to pay off $35K of accrued interest, it cost the company $458K in stock value. They lost $423K to pay off $35K in interest. There are quite a few notes that are past maturity.

There is $2M due to Mark Munroe by Feb. 2022. I'm sure he put in a nice premium to be paid if it becomes past due. He certainly knows the game of convertible notes and the previous owners of SGSI were his buddies.

This company needs to refinance/consolidate all the past convertible notes to a new consolidated loan that will eliminate the current stiff penalties for being past due and to avoid the upcoming penalties of other notes.
Otherwise, this fish will be swimming upstream but keep being pushed backwards with no forward progress.