Replies to post #84586 on High Wire Networks Inc (HWNI)

[yankee049]

in a COVID environment SGSI reported 12 months revenue of $12,738,374 in their last 10Q. also reported in the Q is that the merger of WaveTech GmbH was in exchange for the issuance of the Company’s Series C preferred stock ( which converted to $90M of Common ) as well as the assumption by the Company of $8,507,557 of WaveTech GmbH debt plus $3M in cash.
When the Company divested WaveTech, it canceled that Preferred. It also eliminated about $1.7M of balance sheet debt. The $8M of debt assumed was converted into equity re-reverse split.
This is $20M plus revenue company with a true market cap of less than $200K
The company is set up for an acquisition.