Lite Access Technologies Inc V.LTE

Potential Norwich contract worth $86M

[Accountant777]

Hi all, I was doing some research on the weekend to figure out which city contracts were outstanding based on previous CityFibre press releases. The Norwich contract worth £50m has not been announced yet. Given that it is located very close to Lowestoft, this is definitely the contract that LTE is being considered for. At the September meeting, Carlos said that the contract was for 110K homes which is very close to the 100K homes in the original Norwich announcement on June 28th. When LTE gets this contract, it will add about $86million to the work backlog! It will more than double the backlog which last stood at over $53m. 

This gave me lots of confidence after seeing the stock price slide recently. The selling seems unjustified since the contracts CityFibre announced were unlikely to go to LTE based on geography. Future contract awards are likely to be for cities north east of London.

Also, remember that LTE just raised $4.6m at a SP of 0.65! That will allow them to make planned acquisitions.  I'll be adding every chance I get at current prices. GL longs!

[Ventor12]

Great potential if you consider Norwich, rest of Cambridge, Alberta and the upcoming tendering. Would be great to have management on the team with some insider ownership, and buying instead of selling into the open market. Carlo's ownership isn't really anything to brag about when you take into account his fat pay check, but it is what it is. I really hope they are working as hard as they

[joey71440]

Hi don't forget they have lots of options and could make millions if they execute so that's plenty of intensive i think. Joey