Lite Access Technologies Inc V.LTE

Lite Access temporarily suspends UK operations.

[Deeggo]

https://www.newswire.ca/news-releases/lite-access-technologies-temporarily-suspends-uk-operations-841459109.html

[BigPines]

They are holding out for a renegotiated contract.  What an opportunity to buy 

[JonnyLong]

"...discussions seeking to optimize existing contracts..." my guess, judging from the above comment is that covid probably little to do with it. They're most likely being squeezed and it doesn't look like Carlo is the kind of guy to just roll over and take it... either way it is crappy in the moment but ya, perhaps the glass is half full and we'll see in the end. Who knows

[joey71440]

Hi Johnny  i would love to lie and say i am happy but this is really bad ! Cityfiber is not going to be happy  that we just stopped working and the insiders sure did know way before we did that bad things are happening. I am disappointed with Carlo and i was a big fan. I see this as a money problem but hope i am wrong , so now what ? lay off 300 people and were back to 3 guys ? wtf the

[yyy2017]

I do feel the market is over-react for this suspend news. It's suspend due to covid restricstion, and people panic selling and forget the vaccine is on the way in a few months. I see opportunity here. GLTA

[joey71440]

My Friend its no over reaction i wish it was , its a money thing thats the bottom line and if they cant get more money for the work due to covid slowing us down then we dont have any work. Lets hope carlo can get them to give us more money and fast. 

[wallpaper2]

When we went back to work with cityfi a year ago it was under new terms...one being we would be paid ON TIME and in the event of things occuring out of lte's control. Good for Carlos. The only problem is...how long will it take to straighten this mess and do we have a back up plan? Were in a Mexican standoff.

[joey71440]

I think the problem this time is we really arent dealing with cityfiber and thats why we are hurting imo .

[wallpaper2]

It's Cityfibres bat and ball. They control everything, especially the contracts they signed with lte. They tell Bechtel what to do as well.

[yyy2017]

3.5M shares traded so far. Highest volume in the last 12 months.

[JonnyLong]

7.6M and counting....

[BigPines]

Now we wait and see how many insiders buy

[strikezone1]

It isn't joe public on that news!

[strikezone1]

I am thinking those in the know are buying, what a suckers game

[familyofficegur]

Sounds like Cityfibre wants concessions on the contracts. LTE is screwed. Did that insider that sold know? I'm sure nothing will happen to him. What a joke. This thing is untouchable now. No one will (should) give them another dime in equity. Don't ride it to zero! 

[familyofficegur]

If it looks like a turd, smells like a turd.... Carlos screwed up. This is a construction company, plain and simple. Digging trenches is not proprietary no matter how you slice it. 

[Norwood66]

Agreed. No room for error with a small margin business. You have to generate lots of. business to stay in business.