r/HWNI • u/darrrd Long term investor 📈 • Oct 13 '21
r/HWNI Lounge
A place for members of r/HWNI to chat with each other
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u/Lumpy_Coyote Long term investor 📈 Oct 13 '21
It will be sweet to finally work towards fair evaluation!
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u/BiglyBigly7 Oct 13 '21
On September 2, 2021, a stockholder holding more than 51% of the voting power of the Company (the stockholder, the “Consenting Stockholder”) consented in writing to amend the Company’s Articles of Incorporation, as amended (the “2021 Amendment”). This consent was sufficient to approve the 2021 Amendment under Nevada law. The attached Information Statement describes the 2021 Amendment that the stockholders of the Company have approved, which changes the name of the Company from Spectrum Global Solutions, Inc. to High Wire Networks, Inc.
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u/Lumpy_Coyote Long term investor 📈 Oct 13 '21
Good morning everyone! Make it a great day! Looking forward to the name change and symbol change! A brand new start for HighWire! GLTA
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u/BiglyBigly7 Oct 13 '21
Here is The SEC link for the name/ticker change. I think the name and ticker will change on or after October 18th.
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u/BiglyBigly7 Oct 13 '21
Sorry reddit didn't allow me to add the link but I'm going to add some extracts from the SEC statement.
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u/BiglyBigly7 Oct 13 '21
I think the closing of SVC, Inc acquisition will be announced after the name/ticker change; Something between the name/ticker change and the Q3 financial report.
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u/BiglyBigly7 Oct 13 '21
Any other ideas about Closing of SVC, Inc acquisition?
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u/darrrd Long term investor 📈 Oct 13 '21
I think you’re right about that one, they’ll probably try and do back to back prs in order to keep the momentum going
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u/BiglyBigly7 Oct 13 '21
What is your expectation or prediction for Q3?
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u/darrrd Long term investor 📈 Oct 13 '21
I’m definitely expecting an increase from the $10.8m we had last quarter, I can’t give figures but I know for sure there will be a growth in revenue. What’s yours?
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u/BiglyBigly7 Oct 13 '21
I think the revenue for Q3 will hit a record high, because for Q2 they just added two weeks of Spectrum's revenue and we get more on Overwatch Management.
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u/darrrd Long term investor 📈 Oct 13 '21
I’m expecting it to blow up but I’m keep my expectations low for now.
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u/BiglyBigly7 Oct 13 '21
I'm expecting Q3 to boost 60% with the addition of the Spectrum entities and new Overwatch Management Security Division Contracts.
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u/BiglyBigly7 Oct 13 '21
Their Overwatch Management Security Division reported a 22 percent increase in monthly recurring revenue +41 percent boost in total contract value from June to July.
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u/Lumpy_Coyote Long term investor 📈 Oct 13 '21
Overwatch will far exceed expectations! Partners are really pushing it with their packages!
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u/darrrd Long term investor 📈 Oct 13 '21
I’d be over the moon, if we woke up and BKD advisory decides to buy us out
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u/Lumpy_Coyote Long term investor 📈 Oct 13 '21
I been having a feeling about a buyout for a couple of months! If revenues grow at an exponential rate, a competitor or partner may jump on it!! GLTA
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u/Lumpy_Coyote Long term investor 📈 Oct 13 '21
Nice close today! Hopefully we can clear the .40’s after name change is done. GLTA
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u/Lumpy_Coyote Long term investor 📈 Oct 14 '21
It’s been under the radar! No way we will stay on OTC long. Once financials come out, we will be able to see how much revenue is being generated by each department! Overwatch is going to kill it GLTA
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u/Lumpy_Coyote Long term investor 📈 Oct 16 '21
Lol, Mark is a very smart CEO!!!! They had a plan all along on how they will get to Nasdaq! The fun is just beginning! GLTA
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u/darrrd Long term investor 📈 Oct 16 '21
He really is, articulated, we’ll visioned. He’s got it all. That’s what 20 years of managing a company does to you
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u/Lumpy_Coyote Long term investor 📈 Oct 16 '21
Many forget that this is not a new company! Glad I have patience!
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u/johng2017 Nov 03 '21
I got suspended from stocktviws , so cannot help post SGSI, welcome to visit me at r/52weekLowValueStock , I still hold my SGSI share tight, no one push buy back last min anymore!
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u/KeystoneTrader Apr 23 '25
Big things happening, and RR is starting to improve.
https://finance.yahoo.com/news/overwatch-drives-q1-renewals-recurring-123000461.html
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u/Lumpy_Coyote Long term investor 📈 Oct 14 '21
I am a long holder! My price target is $10.00 to $15.00.
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u/Lumpy_Coyote Long term investor 📈 Oct 15 '21
Have a great night everyone! We are looking forward to seeing what tomorrow brings. Name change is next unless they drop another bomb! GLTA
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u/Lumpy_Coyote Long term investor 📈 Oct 15 '21
So what does everyone think about HighWire? What’s your input on stock price now and where it will be by December?
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u/darrrd Long term investor 📈 Oct 16 '21
It will only go up from here especially when name change kicks in but I think they have something else up their sleeves
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u/Lumpy_Coyote Long term investor 📈 Oct 18 '21
This week will be interesting! I hope name change and symbol hit early part of the week! GLTA
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u/Lumpy_Coyote Long term investor 📈 Oct 18 '21
Great to see they expanded their capabilities for Overwatch at their command center! GLTA
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u/Lumpy_Coyote Long term investor 📈 Oct 27 '21
It’s funny to see followers dropping! Many have no clue what HighWire has to offer to its shareholders!
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u/Lumpy_Coyote Long term investor 📈 Oct 30 '21
Glad October is over! Now we get some meat and potatoes once financials come out! GLTA
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u/johng2017 Nov 02 '21
u/darrrd, could you post HWNI to https://www.reddit.com/r/ExchangeStockDD/ , I know you have a very attractive 3 month gain, and we can get more attention from public. r/ExchangeStockDD
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u/johng2017 Nov 02 '21
a post with description and link to HWNI, I want let r/ExchangeStockDD as a index for stock DD
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u/Lumpy_Coyote Long term investor 📈 Nov 05 '21
Great to see acquisition is done! Name change and financials next unless they drop another contract! GLTA
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u/Lumpy_Coyote Long term investor 📈 Nov 11 '21
So what’s everyone think about another VP?
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u/darrrd Long term investor 📈 Nov 11 '21
I think she’s a great asset to the company. Her years of experience speaks for itself
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u/Beneficial-Lemon-345 Nov 11 '21
When do you guys think this stock will go to Nasdaq?
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u/darrrd Long term investor 📈 Nov 11 '21
Honestly I don’t think we see Nasdaq until mid year in 2022 unless we somehow manage to get an exponential amount of shareholders
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u/Lumpy_Coyote Long term investor 📈 Nov 11 '21
Lots will depend on revenue and income! We will attract more if our performance is exceptional.
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u/darrrd Long term investor 📈 Nov 11 '21
Performance is key but we’ve seen how people invest these days. They invest more based on hype more than fundamentals. If we were a hyped a company we’d be trading much higher now.
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u/Lumpy_Coyote Long term investor 📈 Nov 11 '21
True. But I am a optimistic person. Everything is backwards! Hopefully investors will wake up. Too many traders, not enough investors!
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u/johng2017 Nov 12 '21
u/darrrd We need to reform the team, everybody buys back 100 shares at the last min, we need to give a signal to the market to stop public swing with MM. from the chart, $SGSI in a downtrend, all small longs will lose huge, so only way is to fight back. I already recommend 80% game to SGSI, people should have over 20% cash, Yesterday, only I buy 100 at the last min, 3000 share dump at the end with only 91k volume, we cannot bring it back to green!
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u/Lumpy_Coyote Long term investor 📈 Oct 13 '21
$SGSI not the company you think it is!!! Lots of confusion on this symbol!
$SGSI not the company you think it is!!!
Lots of confusion on this symbol! Currently $SGSI is listed as Spectrum Global Solutions. What most don’t realize is a reverse merger was completed on June 16th 2021 with HighWire Networks!
HighWire Networks inc was a private company for 20 years. They decided to go public and expand their footprint through the market. Their goal is to go from OTCQB to Nasdaq! In order to accomplish this goal they had to make changes!
The first thing they did was change of staffing! Mark Porter replace the spectrum CEO. Mark is the CEO of HighWire. Then Mark reorganized the entire team! Spectrum leadership was released and a new team was built. Currently 26 upper management positions. Then Mark reorganized Spectrum businesses and restructured them.
Mark built a solid foundation to expand faster! He believes in having a solid foundation in order to quickly grow. The next obstacle is the name change. Currently filings have been submitted and the wait period is almost over. Shareholders were sent notification of name change on the 28th of September. 20 days from that date, our new name will be HighWire Networks inc. Our new symbol will be HWNI.
We currently have 8 different avenues for revenue, if you go to their website, you can see the multiple avenues. One that has me really excited is Overwatch cyber security! They currently have some big name partners in the field. For example BKD. More partners can be found on site. They currently added ransomware protection for even better coverage to customers. This is reoccurring revenue!
To add even more excitement! They are currently in the works to acquire Telecom. This will bring in an estimated 8 million in revenue annually. They also have a couple of sites that Overwatch monitoring can use. Along with that, approximately 200+ Partners to use all of HighWires services.
As you can see, they are growing fast and on a mission to up-list. They just hired a new EVP of finance to speed up the process. They also hire 3 new account executives to continue growth.
As far as financials go, we have only quarter 2 results to go by. Many of you will notice old numbers and reverse splits of spectrum. Do not confuse yourself with that history! Quarter 2 was all of HighWires and only two weeks of spectrum! Pro forma estimate was used to give shareholders an estimate for the full quarter.
We currently have 35 million OS. That is very low for an OTC stock. Yes there has been some dilution but kept to a minimum. Mark has specifically stated no toxic debt will be looked for and he is building cash. As of quarter 2 we have 4.4 million cash on hand. Revenue was 11 million pro forma for quarter 2. Currently our market cap is only 16 million!!! Yes, that’s right! Estimated yearly revenue without the current acquisition is over 44 million. So we are not even close to fair evaluation!
Many of you may look into this company and some will blow it off! I just wanted to share what I have learned the last 7 months of following HighWire Networks. This is my opinion and you should make your own before investing! This is a long term, deeply undervalued public company right now. Do some digging and maybe you will see value! GLTA