FTE Networks Inc (fka FTNW)

[Ed Ajootian]

I like this stock a lot and bought a bunch of it during the tax loss season but I decided not to chase it as it ran up in the last few days. I believe the price will come back down to around the $.40 mark as soon as they file a registration statement to make the 7.5M shares that they privately placed last October @ $.40 free-trading.

One of the terms of the October placement was that they would either file the registration statement within 45 days or pay back 1% per month of the funds raised until they file the statement. For some reason I'm unaware of, they apparently have decided to not file the registration statement yet and pay the 1% per month.