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Bewhere Holdings Inc V.BEW

Alternate Symbol(s):  BEWFF

BeWhere Holdings Inc. is a Canada-based mobile internet of things (M-IOT) solutions company. The Company is focused on designing and selling self-powered hardware with sensors and software applications. The Company develops mobile applications, middleware and cloud-based solutions that stand-alone or that can be readily integrated with existing software. Its solutions serve two markets, such as Asset Tracking, and Connected Sensors. Its Asset Tracking consists of remote location tracking various non-powered fixed and movable assets such as trailers, dry vans, and others. Its Connected Sensors remotely track information on assets for water pressure, water detection and soil moisture. The Company also offers solutions that can be fully integrated with existing software, and white-labeled. The Company’s devices use the latest available cellular technologies (LTE-M and NB-IoT) to transmit collected data into mobile applications and cloud-based platforms.


TSXV:BEW - Post by User

Bullboard Posts
Comment by TheActuaryon Feb 07, 2019 11:07am
133 Views
Post# 29332189

RE:RE:RE:RE:RE:RE:Is revised raise is also in trouble?

RE:RE:RE:RE:RE:RE:Is revised raise is also in trouble?Hello. I didn't know the company when they first announce the raise at 27 cents. I would probably still have participated as the proceeds are mostly for inventory and European expansion. And yes I have more confidence now since they are getting a strategic partner (I suspect it's Bell but who knows!). This partner could provide a buyout exit point down the road at 2$-3$. They need to increase sales in the next few quarters to reach 2M per Quarter, so they break-even on their operations. If this happens, I'm confident that the share price can reach 1$ this year. Cheers
hrgoyal wrote: Hi Actuary

It is good to know that raise is over subscribed. May I ask, were you interested in buying BEW at 0.27 also against Nov. 13,2018 prospectus or you got interested when the price was reduced to 0.19.  Should I assume that you got interested because BEW is now getting a “Strategic Partner” willing to invest up to $1M or it has no bearing on your decision? The mystery to me is that we all expect the share price to move 0.50 by end 2019 and a $1 by 2020 but can’t sell $2M worth share at 0.27 at the end of 2018



TheActuary wrote: The settlement date is February 8 as announced on January 10, so the PP closing should be announced next week. 1 month seems like a long period but it takes more time to fill a raise through a selling group (many brokers involved). I've expressed my interest on January 14 and got an allocation confirmed on Jan 15 of only half of my original interest. So basically, the deal is full since that date. I've done my due diligence prior to invest and it seems like a very good company with a LOT of potential.




Bullboard Posts

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