Replies to post #82006 on High Wire Networks Inc (HWNI)

[drugmanrx]

My thoughts were ICLD was supposed to do a reverse merger with Wavetech around July 2018.

This is based on websites in Norway which was expecting Wavetech to be listed on US exchange by July 2018.

Then in 4th quarter of 2018 SGSI and Wavetech were supposed to merge. (Ponder announced earlier 2018 the 4th company added to SGSI was either an acquisition or a merger)

As out lined in SGSI's presentation. (4th acquisition)



While maintaining the ICLD debt. this move would have removed 95% of SGSI debt.

My guess, the total collapse of the ICLD stock has caused a temporary change in plan.

JMHO, Wavetech got impatience. Meling was starting to lose some cordiality at home, do to the delay of getting Wavetech listed on a US exchange. So he decided he could no longer wait for ICLD to get their house in order and jumped directly to SGSI.

https://translate.google.com/translate?hl=en&sl=no&u=https://www.aftenbladet.no/okonomi/i/e1ryP4/Brynjar-Melings-batteriselskap-er-fortsatt-ikke-pa-bors-i-USA&prev=search

Which still leaves the question of the fate of ICLD and the removal of SGSI's debt?

Notice in the Norwegian article Wavetech started putting it's plan in motion to up list to a US exchange.
At the very same time Hayter and Ponder started changing the share structure of SGSI (reduced common shares by 240 million)>

Coincidence?

[drugmanrx]

This has reduced my concerns over Ecomikes's of being just another desulfator.

Financials

Forecasts: >€158m revenues and >€135m EBITDA for 2021

High cash flow business model with minimal operational costs (sales & marketing, further R&D)
Conservative, probability weighted ‘bottom-up’ forecasts based on existing customer pipeline.

Investor offering: up to ~$5m for newly Convertible Notes to be issued to current investors in the Company for the last Pre-Reverse- IPO round

Funds are to be used for finalizing the integration process of the technology into the battery and for strengthening the organization to merge into the new US publicly traded company (NewCo)
WaveTech forecast equity valuation of €1,240m in 2021
Potential for high dividend distribution from 2019
Funds sufficient to support WaveTech through to positive cashflow

JMHO they are going to be selling longer lasting batteries or the very least licensing the technology to other battery companies.