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Bullboard - Stock Discussion Forum 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... see more

TSXV:LTE - Post Discussion

Lite Access Technologies Inc > Fibre Engineering Firm Lite Access UK Calls in the Administr
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Post by simpleprofits on Dec 14, 2020 4:25am

Fibre Engineering Firm Lite Access UK Calls in the Administr

Hey guys,

I hope everyone had a good weekend. I came across another article. I don't know if anyone has posted it here but here it is if it has not been posted yet.

https://www.ispreview.co.uk/index.php/2020/12/fibre-engineering-firm-lite-access-uk-calls-in-the-administrators.html

What do you guys think? Are we doomed? Is this company going bankrupt?
Comment by TheBigW81 on Dec 14, 2020 4:51am
This is protecting the uk assets. We need a pr to state how the overall is going with things. I bought for a gamble at these prices. Half life of the uk contracts were still going on. Since some started last year. Im not adding or selling for time being. Be nice to see fins out since the are due soon.
Comment by good2grow on Dec 14, 2020 11:26am
Trash company. Financials will be completely misleading, especially if they have lost all of their contracts. "Dont catch a falling knife". Company is dead to me - never looking back!
Comment by LyChauncey on Dec 14, 2020 2:37pm
So the City of Brooks contract worth somewhere around 14.444 million? We are currently trading at cash value. Guess we could shut down UK business once and for all. Getting no repesct and so many BS contractors bully there. 
Comment by joey71440 on Dec 14, 2020 3:02pm
I agree get out of the UK and get into a new area , the question is if they cant pay the people the owe money to and they dump the UK LLC how does that effect our main company in CAN and the common stock ?
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