High Wire Networks Inc (HWNI)

[micah211099]

I for one am probably somewhere between your stance on the company and Mike's but it's a bit ironic you applaud Teron for not just giving cherry picked info. His is equally cherry picked. I'd expect as a seasoned iHub vet you would be able to see through posts like this from an account literally made today which follows no stocks and has made no posts other than to bash MVTG twice.

I like that you bring some balance to the board but please don't actually attempt to acknowledge that post as anywhere near factual or not cherry picked.

-accumalated losses totalling over $8,000,000, only $800,000 spent on research and development but $1,600,000 spent on stock promotion and advisory and close to $5,000,000 on management, wages and travel

This is just as equally misleading as any of the positive posts you complain about. For example lumping stock promotion in that $1.6 million number? The total spent on stock promotion the last 2 full fiscal years is $42,000. This is clearly intended to sell MVTG as a pump and dump. Additionally 1/3 of the full operating loss last year went to R&D (450k/1.35 million).

-accumalated losses totalling over $8,000,000, only $800,000 spent on research and development but $1,600,000 spent on stock promotion and advisory and close to $5,000,000 on management, wages and travel

He's literally lumping EVERY other expense incurred by the company here in the management, wages and travel. Whether it's listing fees, audit fees, legal fees paid out for some of the JV's put in place, etc. It's all in that number which is horribly misleading. The actual number is a little more than half of this. On top of that if you follow the cash flows and read the foot notes you'll see the CEO is deferring a chunk of these as non-interest bearing loans to reduce the companies need for cash near term.