Replies to post #83033 on High Wire Networks Inc (HWNI)

[drugmanrx]

From https://www.law.cornell.edu/wex/fiduciary_duty

Duty of Prudence

Under the duty of prudence, a trustee must administer a trust with a degree of care, skill, and caution that a prudent trustee would exercise. Amgen Inc. v. Harris, 577 U.S. __ (2016).

Knowing that debt was the main cause of a ever decreasing stock valve were the directors exercising Prudence for the company to purchase TNS INC at the time they did?

What added shareholder value has TNS Inc added to the position other than more debt and massive dilution?

Was it prudent to shareholder value to give up over 50% of OS for a debt of 600,000 dollars?

It would be interesting to know how much convertible debt the company would have had left if the directors never purchased TNS Inc and used the 1.1 million from Wavetech to pay down the other convertible debt.

But heck, why do that, that would only benefits the shareholders, not management and especially not ICLD, wouldn't it?

[Monroe1]

BTW, isn't Wavetech a Delaware Corporation and the surviving company which You, Roger and Keith will be officers of for a short time?

THAT WILL MAKE THEM SIT UP AND TAKE NOTICE, JUST LIKE WHEN BEING SERVED... and not talking lemonade at the country club. OUCH.

[eiddle]

You still making money here.????