Replies to post #16211 on High Wire Networks Inc (HWNI)

[junkHustler]

Not a very rosy picture unfortunately.

25K in cash as of May 31st.
$1.4M in operating losses.

Lower revenues. Flat liabilities of over $1M

The recent deal probably helps smooth out cash flow but they may need another PP soon. Not sure the pps will get much traction until they get closer to commercial viability and practical application rollout.

Lots of shares being used as compensation. Some below and above current PPS. Explains who can afford to sell at these prices. Some shares offered at .03 and .05 so that would be a good profit even at these levels.

Makes sense now why the market has been a bit hesitant to jump in here.

They may be on a bit of a PR blitz for PP reasons.

Just my honest opinion.