Replies to post #82680 on High Wire Networks Inc (HWNI)

[Ecomike]

Larry and Mantra Energy exited the scene, out the back door, as a group of debt holders took Mantra private and let SGSI off the hook for about $500,000 in debt in return for getting to take Mantra private.

The 8-K said Larry put Mantra into a private firm he controlled, IIRC. He also cashed out his preferred SGSI shares with cash IIRC.

There has been no other news yet.

Specious Global management never seems to have had any real plans to rescue Mantra Energy, I now think they just humored us. They Never seemed to really believe in/buy into the tech. I now believe their plan was simply to milk new and old retail shareholders into buying shares to pay off ICLD bankster debt in a shell game of subsidiaries.