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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 Jordan1159on Nov 27, 2020 7:47am
880 Views
Post# 31987473

Low .20’s before upside

Low .20’s before upsideUnfortunately, i used to be in this company. I lost $17,000 but it's my fault as I did not investigate this properly. I saw this decline coming because of management past track record. Shorts have now taken control and I see this going into the low 20s before any kind of rebound. With Christmas approaching and tax law selling occurring, I would be very careful with this play. There is hope I would think but the stock will continue to decline as more investors get nervous on lack of contracts in the future and the effects of COVID-19 on the construction side. Good luck everyone. 
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