Replies to post #16213 on High Wire Networks Inc (HWNI)

[Ecomike]

The real reason for this:

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

Is that there has been no real PR press yet, that is all yet to come. The Market still has no idea about ALSTOM because the PR did not name Alstom (only the 8-K did, and I suspect that less then 30 major stockholders like me have even seen the 8-K yet).

Also the 50% gap up from the first hint of the news this week, had a huge 30%-40% spread with no sellers, so daytraders if they even read the news are on the fence afraid to slap the ask, and waiting at a rising bid trying to get in cheap.

I can assure you after 4 years of buying MVTG shares and watching and drilling down to a DD level few are even capable of, on the company, the people in the company, and the IP patents involved, the time to buy at bid was at a dime 3 months ago when I suggested it had bottomed. Based on the last 4 years here, there will be little volume buying at the bid before the ask hits 24 cents. And if you get shares at the bid it will usually be a 100 share sell to mark the tape and try to free up shares that never happens with MVTG during a news blitz cycle. In 2009 I sat on the bid for 12 months at the best bid level before I got a single share of MVTG. By that time:

[Ecomike]

You should also note the extremely low daily volume of MVTG that drove the last 15 month rally. See the chart below. The volume is low because the float is locked up tight as


MVTG is useless for day trading. It is a buy and hold long term stock, unless you slap the ask before the real PR blitz begins. Note the candles on this chart are weekly candles and the few peaks are near 1 million shares per week. This is in NO WAY SHAPE or FORM, a TYPICAL penny stock :-)

[micah211099]

I think a lot of what you surmised here is correct but the company has never really hid any of this. They've stated pretty plainly that they aren't to revenue generating stages and that they will have to continue to rely on share offerings to continue to generate revenue for operations. There hasn't been any in recent history in the 0.03-0.05 range though. Going back to the end of last year the shares have been bought in the 0.08 - 0.17 range.

I think if you're investing here you're investing with a fairly long term window in mind. I also do think though that with a partner like Alstom (looking to be fully commercialized with their CCS systems by 2015), if they like what they see here the commercial viability and practical application roll out, or at least its inevitably is going to happen quickly and given that there's not much float here I have no intentions of being on the outside looking in.

I wouldn't really worry about the cash at 5/31 though they raised another $150,000 in July through a share sale. Also the people buying shares in these type of private offerings generally aren't flipping them, the majority of the time in deals like these those shares they get are restricted for a good chunk of time.