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Lite Access Technologies Inc V.LTE

Lite Access Technologies Inc. provides fiber optic products and advanced installation methodologies. The Company offers integrated solutions for all types of telecom requirements. Beginning with a comprehensive project analysis to engineering, design and permitting, it offers a full complement of aerial and underground construction methodologies, including splicing, testing and maintenance. The Company's segments include product sales and fiber optic installations, based on the type of products sold and services provided. Its products include Direct Bury, Aerial Micro-Duct and Fiber Optic Mini-Cables. Its additional products also include fiber-optic cable, aerial micro-duct, low fire hazard micro-ducts, connectors and sundries. Its items include a cutting head, Shark Blades and the LiteXtend solution. Its end-users include homes, businesses, government and educational institutions, and emergency response facilities. It also offers breeze cable blowing machine and cutting equipment.


TSXV:LTE - Post by User

Post by Stockwatcher32on Nov 25, 2020 1:29pm
1084 Views
Post# 31970868

Be greedy when others are fearful "Warren buffet"

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.
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