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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
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  • ARIMA11X
Post by ARIMA11on Jul 02, 2024 1:35pm
262 Views
Post# 36114748

Nepotism

Nepotism
LTE acquired (without a halt) and sold AMEC 15 months later.
https://ceo.ca/@newswire/lite-access-acquires-amec-cutting-coring-limited
https://ceo.ca/@newswire/lite-access-announces-sale-of-amec-cutting-coring
 
They cleaned house then made a deal with IronMan (2022) and acquired them a year later (2023)
https://ceo.ca/@newswire/lite-access-announces-change-of-officer-and-directors
https://ceo.ca/@newswire/lite-access-technologies-closes-strategic-cooperation
https://ceo.ca/@newswire/lite-access-to-aquire-ironman-directional-drilling
 
So since 2022, how has Ironman contributed to the bottom line better than AMEC?
Benefit of IronMan should have come through already, no?

Clearly, this deal will benefit Ironman more thant LTE shareholders.
And Ironman does not seem to be in a hurry to make it happen.
All this smells of nepotism.
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