FTE Networks Inc (fka FTNW)

[Ed Ajootian]

Daxtech, great to see them update their presentation. One interesting tidbit from the new presentation is that they say they have 2.4M shares in the float. This is a lot more than I thought and I'm actually happy to see that since it should make a potential institutional investor a bit more comfortable establishing a position in the stock, than if the float were a lot smaller.

Today's crash on good news more than likely was just some selling on the news and profit-taking from the mo-mo traders who had jumped in when the company announced they were uplisting. If the downswing continues right through the $9.50 mark (which is where it closed on that massive volume day a few days ago), on big volume, then we may have to re-assess things.