Edgewater Wireless Systems Inc KPIFF

Debenture Shares

[Pandora]

 

Edgewater Wireless Systems Inc
Symbol	YFI
Shares Issued	197,305,907
Close 2024-10-28	C$ 0.04
Market Cap	C$ 7,892,236
Recent Sedar Documents View Original Document

 

Edgewater Wireless to issue debenture interest shares

 

2024-10-29 02:19 ET - News Release

 

Mr. Andrew Skafel reports

EDGEWATER WIRELESS ANNOUNCES COMPLETION OF PAYMENTS OF DEBENTURE INTEREST

Edgewater Wireless Systems Inc. has settled its obligation to pay an aggregate of $18,047.12 in interest as of June 1, 2024, and $18,047.12 in interest as of Sept. 1, 2024, to the holders of its unsecured debentures issued Sept. 1, 2022, through the issuance of an aggregate of 360,936 and 360,936 common shares of the company at a deemed price of five cents per share. The shares are issued in full satisfaction of the June 1, 2024, and Sept. 1, 2024, interest payment obligation in accordance with the terms of the debentures. The debt settlement has been approved by the TSX Venture Exchange.

Certain directors of the company received an aggregate of 69,565 and 69,565 shares, and therefore, the share issuance constitutes a related-party transaction as that term is defined in Multilateral Instrument 61-101 (Protection of Minority Security Holders in Special Transactions). The company will rely on the exemptions from the formal valuation and minority shareholder approval requirements of MI 61-101 contained in sections 5.5(a) and 5.7(1)(a) of MI 61-101 as neither the fair market value of the shares, nor the debt exceeds 25 per cent of the company's market capitalization.

About Edgewater Wireless Systems Inc.

[TDMAN29]

Dilution. Good or bad?  Barter?

[Pandora]

A lot of chatter on the board, eh! Not! We left the crummy month of October with nothing and we have entered a good day for the month of November and we get nothing. Nothing + Nothing equals Nothing.  When's the next quarterly -- at least they will be forced to say something. But all this "nothing" is suggesting we will get more of the same i.e. Nothing. I presume we can write

[LetsGetRichNow]

You better sell your shares Pandora , you have little faith in Andrew and Edgewater Wireless , don't want you to lose sleep worrying about this leader in wifi spectrum technology , no sense taking all your shares to the retirement home ....eh !  

[Pandora]

Well LGRN I have owned shares in YFI for twelve years -- have you? Can you tell me that at 4 cents a share it has lived up to its expectations as the "leader" in its industry? Do you actually own shares in YFI or do you just appear occasionally or frequently to stir the pot? Tell us all what their successes are in the 12 years that made them the leader in their industry or are they

[LetsGetRichNow]

I bought all my shares for my grand kids .... eh !

[Pandora]

So you're telling us you are at least old enough to have grandkids. I find that surprising. Something about that saying "Older but Wiser"!

[TDMAN29]

Age isn't what is used to categorize people like LGRN. It's where he falls on the spectrum and how he scored. You would be surprised at his age by the type and content of his posts but when you learn his is is barely 80 or makes sense. 

[Pandora]

At the end of 2011 I did not think I was buying YFI shares for my grandkids but it looks like it may happen that way --- that is if YFI survives from this 4 cent level with no income/revenue. It has not been the type of investment you make long term plans on. That brings up another old saying, "I bought it on a wish and a prayer" -- is that where you are at?

[LetsGetRichNow]

Now if you bought Microsoft being a " start up " where would be today ?  It's like buying vintage wine , the older it gets the more you have to pay for it . Like I Pandora sell it now so can say your just another loser like the donkey man , maybe you work with the donkey man selling potatoes !

[Pandora]

You keep telling me to sell at 4 cents -- what's up with that? My ACB is 4.5 cents so you want me to sell at a loss. I have sold many times over the 12 years. Missed the top price but have hit many prices between 7 cents and 59 cents.in various quantities but have not sold any in at least 5 years. It took a run around the end of 2020 and the beginning of 2021  boosted by the Proof of

[LetsGetRichNow]

All I can say ... you must still believe in Andrew !  You have to ask yourself , has any insiders resigned ? Read the last release , " a clear path forward " ..  things will happen towards the end of the year ..... nothing is a sure thing but death and taxes ....  look at Revo , go read the post there , poor souls ...  2025 in my view will exiting year for Yfi  

[TDMAN29]

Ask Bob Harper if he still believes in Andrew. Such a bunch of lies. Nobody has left?  It's a one man show you clown. Everyone employee has left or been let go. The board has been musicall chairs and all the institutional support has left years ago you absolute moron. You are a liar LGRN and you spread lies. If you are a grandfather than conduct yourself as an example for them. Find your

[LetsGetRichNow]

This post has been removed in accordance with Community Policy

[TDMAN29]

That's the thing LGRN. I do know where this technology is going. It's plain as day to most everyone except for the idiots like yourself. When I post I post facts LGRN. They are all verifiable. You said no one left?  Did you speak to Bob Harper, the former CFO of Edgewater Worelesss? Why did he leave knowing all that he did about the company and technology?  Simple question. This

[TDMAN29]

Hahaha. Great legacy to leave your grandkids. Would it not be better to tell them about your stupidity instead. of giving them the proof?  Make it a teaching moment so they don't repeat your wicked smart logic. 

[TDMAN29]

Well said Pandora. Chatter on This board  is the only thing that people look at with this company. Andrew said calendar year and we again need to determine Andrew's definition of a calendar year. The vast majority know this company and what's coming next.