Replies to post #82046 on High Wire Networks Inc (HWNI)

[sps50]

Confusion, yes! But the 8-K specifies what the funds are to so pay the undefined debt is and that figure is...

2.1 Merger, Sale and Purchase.
(i) For purposes of this Agreement, and assuming the completed merger and acquisition of the Company and all of its assets and subsidiaries, the consolidated merged entity shall have an enterprise value of $130,000,000. The merger shall be effected through a sale and exchange of shares and a capital investment of $3,000,000.

Just my take on the statement... IMHO...

[Ecomike]

Yep, they should fire the lawyers over those kind of Opps errors, all IMHO. We seem to see that kind opps stuff all over the place with these firms.

But we are all in good "Company" here, LOL

But you make a good point, are they valuing Wavetech at 20 Mil? I seriously doubt it since they are putting up the cash etc....On the other hand, with the debt paid off, IMHO, SGSI is the one worth 110 Mil, not Wavetech, unless they are hiding assets, like $100 Mil in cash or ????

We have no idea what the Wavetech books look like, just know they have millions to use to take over SGSI???