Replies to post #81076 on High Wire Networks Inc (HWNI)

[Ecomike]

That is kind of scary since about 30% of those follow me and are Mantra Energy Klingons?

They need 300 shareholders Iirc to up list to Nasdaq. Amex I am not sure of, but I think it is easier to up list to.

But at this rate they will need to kill the stock dumping shares to get rid of debt, and do another nasty R/S to get back to $4, since Ponder keeps giving away the farm in ever lower share price conv debt floor deals??

Right now the entire float is priced at $190,000 which is shameful. Hell they sold Mantra Energy for about 5 times that.

Hell I had my company up to $4 million with just 13 shareholders and no sales the first year, selling shares at $2/share. They have $40 million in revenue now and a $440,000 net profit the last quarter. and can't even get the float priced above 1/2 of the last 12 weeks net earnings.

The other 5.9 million shares issued is just a snake oil road show game of some sort, that has never been justified, yet, to anyone's satisfaction.

[Ecomike]

In other news, the silly-Pumper-crews a have left the building with Elvis, last month, LOL.

And someone is doing massive share buying this week in the .10 to .12 area.

Only question is who is doing all the buying and why. They only need to sell about 10 times the OS, 60 million(?) more shares at a dime to pay off the entire conv debt?

60,000,000/(100,000/day) = 600 trading days left to go at this price and volume to pay off the convertible debt.

Yee Ha such fun.

The only good side I see is the float is so crazy low, if they stop dumping shares for a month or so, this will rally hard on any positive news. A day-traders dream come true.

My guess is we see volume explode between 10-20 cents the next 6+ months