Replies to post #56972 on High Wire Networks Inc (HWNI)

[Ecomike]

That is not correct for 2012-2015.

[drugmanrx]

Zippy, the fact is that there was little movement or funds available for ANY carbon utilization programs during 2015 and 2016 per the head of the CMC.

At CMC last year, we were concerned it was going to take a significant period of time for those high level government policy declarations to make it into funding programs to support real activity. We looked at our remaining budget and our burn rates at the time and estimated it would be Christmas 2016 before there were substantial amounts of funding flowing associated with those programs. So we downsized in December 2015 in order to cut our burn rate. It was painful, it was really painful for everybody, but we are now seeing significant funding calls coming out from the federal government and we are responding to those calls with proposals and we are going to be in good shape on some of those project proposals to generate revenue from major projects.

Don't take my word for it the head of the CMC believes 2017 will be a much better year for technologies like Mantra's to get funding.