FTE Networks Inc (fka FTNW)

[Ed Ajootian]

Art, not sure who you are referring to. The company has already received the proceeds from the issuance of these shares. They got $.40/share gross. For that $.40 they had to issue 1 share and 1 warrant, exercisable at $.80. The Ladenburg investors who bought the shares probably would be willing to unload them for a relatively modest profit, or even at no profit at all, since they would still own the warrants.

My hunch is that if the company doesn't get the registration statement filed in the next 3 weeks they are unlikely to file it at all. This would mean that the shares issued in the offering would only be sold via Rule 144 (i.e. after the 6 month waiting period tolls).

BTW, for some reason the company's PR that came out on 1/19 never got posted on this website. Does anyone know what's up with that?