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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

Comment by Accountant777on Nov 26, 2020 11:33pm
168 Views
Post# 31986854

RE:Out of the blue

RE:Out of the blue

Agreed. Those warrant holders purchased $4.7 million worth of stock back in September. So the pain is certainly shared. I guess the UK lockdowns that started at beginning of November must have really took a heavy toll on the operations. I didn't see this coming. 

I ended up selling my shares at a steep loss. Hoping LTE can turn this around but my bullish case was based on good relations between LTE and CF and securing new contracts. LTE really needs to get a contract now with another Telco/ISP. Maybe I'll get back in at some point but for now I'm going to just keep on watchlist.

 

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