Replies to post #82307 on High Wire Networks Inc (HWNI)

[Calmwind]

what does this mean for people still holding?

[kennypooh]

Interesting?? Glad I'm not a stockholder of SGSI.

"Preliminary" Information Statement... Or Panic?

The State SOS has jurisdiction over the granting of corporate actions (R/S) but the SEC and FINRA can refuse to 'process' one if they smell a violation of SEC rules or fraud?

GLTY and JMO

[Ecomike]

Indeed!!!! Obiwan taught you well.

This was filed by ICLD 2/20/19, RS 500:1

https://www.otcmarkets.com/filing/html?id=13240886&guid=v2ytUFgu3GM9pth


Quote:
Dear Stockholders:



We are writing to advise you that stockholders of InterCloud Systems, Inc., a Delaware corporation (our “company,” “we” or “us”), holding a majority of the voting rights of our common stock and our preferred stock voting together with the common stock on an as-converted basis, executed a written consent in lieu of a special meeting dated February 4, 2019 authorizing our Board of Directors to take all steps necessary to effect, at any time prior to the one-year anniversary of the date of the written consent, a reverse stock split of all outstanding shares of our common stock at an exchange ratio of up to one-for five hundred (1:500) shares (the “Reverse Split”), with our Board of Directors retaining the discretion of whether to implement the Reverse Split and at which exchange ratio to effect the Reverse Split. Our Board of Directors also approved the proposed Reverse Split on February 4, 2019, but has not yet determined whether to implement the Reverse Split or at which exchange ratio to implement the Reverse Split.



Our Board of Directors has fixed the close of business on March 4, 2019 (the “Record Date”) as the record date for the determination of stockholders entitled to notice of the action by written consent. Pursuant to Rule 14c-2 under the Exchange Act, the Reverse Split will not be implemented until at least twenty (20) calendar days after the mailing of this Information Statement to our stockholders. This Information Statement will be mailed on or about March 11, 2019 to stockholders of record at the close of business on the Record Date. The Board may effectuate the Reverse Split at any time prior to the first anniversary of the date of the written consent, subject to the restrictions imposed by Rule 14c-2 of the Exchange Act.



The same day as SGSI neeting.

Was it done at the same meeting in the same room?


How obvious does it have to get.