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Lite Access Technologies Inc V.LTE

Technology Communication Equipment
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

Lite Access Technologies Inc > "Administration in United Kingdom"
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Comment by Norwood66on Dec 11, 2020 1:12pm
183 Views
Post# 32089253

RE:"Administration in United Kingdom"

RE:"Administration in United Kingdom"I am not bullish on LTE, but to go bankrupt means that you owe money to someone. Does LTE own money to anyone - I haven't looked at its balance sheet.  What is more likely to happen is that it is going to spend all of its cash and eventually cease operations. This would be 12 months or greater in time but the stock will live in the land of the living dead.

I think that they will have to contract and conserve cash. Boring... stock will languish.
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