Lite Access Technologies Inc V.LTE

We need some news !

[joey71440]

Give us somthing to smile at Carlo please !!

[JonnyLong]

agreed joey71440! Santa Carlo has a sack of goods to share with us, come on santa we're waiting like good little boys and girls. :-)   I don't know about you but i'm wishing for a nice new shiiny city and an add on to my Cambridge, xmas may be a little late but it always comes! 

[Accountant777]

So much good news coming buddy. Just be patient. Here's what I'm looking forward to: 1) New city contract for 110K homes which I'm guessing is worth $70-80 Million. CityFibre hasn't given the final word so no press release yet. But they requested the deployment plan so the press release probably coming within next two months. This will more than double the backlog of work. 2

[wallpaper2]

The talk 2 months ago was increasing contracts from $53 million to $150 million in the next few months and possibly as high as$450 million by January. Carlos said we have gone from 2 to 250 employees and going to 500 will be much easier. California and upstate New York were mentioned as expansion. Lte will certainly be on the map as the leading provider/ installer of fiber optic cable. At that

[Accountant777]

Yeah, the potential for 500 employees was mentioned at the annual meeting. This time it sounds like we won't be paying recruiter fees. Hired HR staff to hire more organically, reduce agency fees. Good for cutting costs of $550K CAD going forward. I haven't heard about the possibility of $450 million of contracts but I'm newer to this stock. Been following for the last 3 months. $150

[FTTHFan]

I thnk number #2 is right but hadn't heard of an acqusition in the US but landing some work there in CA.  I think I know who the target is and if right, they are landing some pretty large multi city builds in the US.  

[Accountant777]

Carlos mentioned the US acquistion at the annual shareholder meeting on September 16th. If this is a big Acquistion, like your insinuating, that would be awesome!

[joey71440]

Carlo had said we hooked up with a UK company that is doing buisness in the US , california and New Your State and he was very sure we would be working for them this fall in CA he said thats a foot into the US. Nothing about buying them. I cant wait to finaly get over and stay over 1.00 lol i am so sick of .60 US

[FTTHFan]

That's what I heard - potenially a small acquision in Canada to round out product set.  

[Accountant777]

Oh, perhaps I misunderstood on the call. I thought it was some kind of acquistion but perhaps it could have been a contract for work in california. Either way, liking the idea of expansion into the US.

[wallpaper2]

My guess is: I can't see them buying anything too big in the US initially. Probably build out business relations first and test the waters. Doors are opening and people are approaching us instead of the other way around. Anyone with patience is going to do extremely well here.