Post by
Stockwatcher32 on Nov 25, 2020 1:29pm
Be greedy when others are fearful "Warren buffet"
For those interested in LTE. I heard that Carlo has been communicating with CF about a pay increase for awhile. He spoke about an 12% COVID increase of which CF management thought they could do however the conversations just kept dragging on. Finally this weekend Carlo sent an email stating that LTE can no longer carry on working at a loss and he expected a reply back. CF never returned the email so Carlo stopped operations. Apparently as of yesterday CF has replied and they have a call set up for today between the two parties. This is the sequence of events that lead to this shutdown.
Comment by
strikezone1 on Nov 25, 2020 1:52pm
And may I ask who you "heard" this from?
Comment by
wallpaper2 on Nov 26, 2020 9:55am
And then again it may not. Read todays news on Telecoms.com titled "UK gov't downgrades etc."
Comment by
Accountant777 on Nov 26, 2020 11:20pm
Hey stockwatcher, where did you hear this? And is there any futher updates? Thanks
Comment by
JonnyLong on Nov 27, 2020 1:25am
hey Stockwatcher, how about this, I don't care where you heard it. Did the call happen and have you learned anything, either real or imagined? I'm not too picky at this point :-)
Comment by
Stockwatcher32 on Nov 27, 2020 10:37am
this news came from an insider with close toes to Carlos. I havnt heard anything since. This is still a risky play, if CF replaces LTE with another company then our share price is worth .15-.25 cents untill more contracts are gathered. If CF gives us more money and another contract then sky is the limt.. good luck longs. I have been holding lte for 4 years
Comment by
wallpaper2 on Nov 27, 2020 4:10pm
Do you think Carlos would come right out and tell us if CF was not going to give us any more work or if they were attempting to cancel any existing contracts? I doubt it. Any changes at all represent "Material Changes" from now on. Hopefully they are upfront and honest with us and we don't have to find out thru other means.