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EasTower Wireless Inc V.ESTW.H

Technology Electronic Gaming & Multimedia
EasTower Wireless Inc. through its wholly owned subsidiary, EasTower Communications Inc., is a provider of wireless infrastructure network build-out and related service within America. The Company specializes in the construction, installation, upgrading, and maintenance of wireless infrastructure networks, including fifth-generation (5G), fourth-generation (4G) and small cell deployments. It provides four types of services, namely long-term evolution (LTE) upgrades (a 4G mobile communication standard); new site builds (NSB); 5G installations, and FirstNet build-outs. The Company's customer base includes telecom providers, original equipment manufacturers (OEMs), corporations and federal government agencies.


TSXV:ESTW.H - Post by User

EasTower Wireless Inc
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Post by tooez1on Nov 14, 2022 6:35pm
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Post# 35098229

Excerpt from today's financial release...Looks very grim...

Excerpt from today's financial release...Looks very grim...No idea why CEO lent $90,000 to the company...I would doubt a government training grant/ a reasonable P.P./  or some other miracle is forthcoming.  I am very disappointed in the 3rd quarter financials along with anyone else who thought ESTW would forge positively ahead. Judging by the  continuing bailout toward close, these financials were well guessed in advance.

"The Company’s monthly burn rate on average, which was calculated as cash spent per month in operating activities, was approximately $193,000. At its current operating level, the Company will not have sufficient funds generated from ongoing  operations to cover short-term operational needs."
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