Replies to post #82045 on High Wire Networks Inc (HWNI)

[drugmanrx]

The confusion that arises is term “ Company ”

Company ” is defined in the Preamble

On February 4, 2019, Spectrum Global Solutions, Inc. (the “Company”) entered into a Share Purchase Agreement (the “Purchase Agreement”) with WaveTech Global Inc. (“WaveTech”), a Delaware corporation,

yet

in def -Company Net Equity Value ” means $110,000,000.00

and

2.3 (b) Payments at Closing . At the Closing, the Estimated Buyer Closing Debt shall be paid by the Company, at its discretion, on behalf of Buyer at the Closing to the applicable payees pursuant to and in accordance with the Pay-Off Documents and Schedule 2.3 to this Agreement; and

Sure looks like "company" refers to Wavetech here.

[Gargantuan]

Yes, this is what I'm referring to: "...a number of SGSI Common Shares equal to the Company Net Equity Value divided by the price per share of Buyer at the close of trading on the OTCQB Venture Marketplace on the date immediately prior to the date hereof ($0.15 per share)"

Net Equity / .15

Unless Wavetech has 100million + in debts, 130million can't be the asset value.