Replies to post #75609 on High Wire Networks Inc (HWNI)

[uksausage]

the real reason is that it is a pain to manage a business that is just selling subcontractor services for mark up.

The daily focus on utilization of assets (people) and deciding if to use your salaried staff or sub contractors for project management type work plus the liaison with customers to be first in line for new orders is so different from any other it was wise to float off to some one else.

[drugmanrx]

Exactly,

NO where does it say AWS and ADEX were the worst margin or unprofitable subsidiaries of the company.

“Mark Munro, CEO of InterCloud stated, “The sale of this business asset is a continued attempt to realign InterCloud’s business units around profitable higher margin work. The AW Solutions sale has given InterCloud the opportunity to continue to improve our P&L and balance sheet. InterCloud is exploring the sale of other non-core assets as well. This reorganization is providing us the changes necessary to attract conventional asset based lending solutions in order to fuel growth in our core areas.

What it says ICLD was searching for units (in their core CORE AREA) that were profitable higher margin work, IT DOES NOT SAY[/b, AWS OR ADEX were unprofitable or what type of margins they had.

It also doesn't that AWS or ADEX profitability or margins were any worst than any other of their subsidiaries.

AWS and ADEX could have very well been there highest margin and most profitable subsidiaries at that time.

ICLD sold those entities as they were the poorest of performing subs.

Please provide documentation of your claim.