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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 > A great run coming ???
View:
Post by wallpaper2 on Jan 29, 2021 11:59am

A great run coming ???

How do you figure?
- Lost ANOTHER $17 million  by the end of Sept.,2020
-  Will have lost much more in Sept.30 to Dec 30th.quarter.
- Will be losing more every month in ongoing litigation costs.
- Does not have significant cash in the bank to purchase anything.
- Dilution will be comng in some form very soon.
- Is this concrete cutting co. making $millions per year? Yearly profit of what? Debt?
- The guy running the new lte will be given a large: salary, number of shares and stock options.
- They may still owe money to their employees, suppliers and sub contractors.

You have to hand it to them though. They were able to pull off a recent pump and dump and satisy certain people. Some of the proceeds from the p&d will likely go into the next PP at lower prices. They sat on this aquisition until the last possible minute when it was most needed but the poor retail investor who sold 1-3 months ago would have appreciated knowing the promotion and aquisition were coming. Only the chosen few receive and benefit from that info.

Do you think Carlos will leave empty handed?  Do you think he will be paid to keep his mouth shut?   This smells guys.
Comment by mroy1130 on Jan 29, 2021 2:04pm
Wait a week and see that you are completely wrong on this one. 
Comment by mroy1130 on Jan 29, 2021 2:06pm
It will definitely rise. They are undervalued. Covid hurt them. They will be back. 
Comment by wallpaper2 on Jan 29, 2021 2:17pm
They have no net value, just hope, a prayer and paid promotions!
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