Replies to post #77861 on High Wire Networks Inc (HWNI)

[drugmanrx]

Because

I'm not sure why its being held down.

Currently SGSI has 6 strikes against it, thankfully none are permanent

1) It is only a year and a half old with only three quarterlies of history to analyze. (once revenues are verified and profitability is achieved growth in stock price will not be denied)

2) Management comes from a tarnished company. It will take time for Ponder and Hayter to establish their own creditably.

3) Stock manipulation. Some one or someones are purposely keeping the stock price down.

4) Convertible debt. With the ever threatening of convertibles being released at such low low prices it is difficult to convince other investors to pay more. (hopefully the company will pay those debts in cash and the convertibles will never see the light of day)

5) A 200 to 1 RS while AS remains 750,000,000, causes fear of future dilution

6) Disgruntled MVTG stock holders. (no longer long)

IMHO, once the company gets a few quarters behind them which will verify revenues , organic growth and hopefully a profit all strikes will disappear