FTE Networks Inc (fka FTNW)

[Ed Ajootian]

With no 10K filing and earnings PR having been made by now, it seems more likely that they will extend the 10K. Hard to figure why this would be necessary given that they got the books closed over 2 months ago which left plenty of time for the audit to get done.

The only fly in the ointment that I can see is that they may be jawboning with the auditors about whether a "going concern" opinion is still warranted. As of the last 10Q, there was a $2.5M loan that was due on 4/30 and they probably don't have the funds to pay that off, so the auditors might be telling them that a "going concern" opinion is still warranted.

Just curious, if they put out a set of financials with a "going concern" opinion would that spook you enough to blow out your position? Even in spite of all the positive events that are lined up?