FTE Networks Inc (fka FTNW)

[bearcat75]

No market, no selling.

[KirbyUSD]

https://www.sec.gov/Archives/edgar/data/1122063/000149315219009142/form8-k.htm

[Investorr]

So it’s not trading anymore? are there people stuck in the stock? Can’t get their shares out?

[botlow]

FTE today enters its 2,276th waiver.....how ridiculous is this nonsense??? These guys can't even go belly up right. I'm still amazed the stock was trading well over a buck right before it was halted. I figured it would have been a quarter. Probably shorts from the high single digits covering because it seemed inevitable it would be halted one day soon and they would rather just buy it back and book their huge gains rather than squeeze last drops of blood out of it.

[art35]

Hey Cash Cow
Is this a Dead Cow !!!!! Now????
Cheers????????

[KirbyUSD]

On April 9, 2019, the Company received a demand for arbitration, which was filed with the American Arbitration Association (“AAA”) on behalf of Mr. Palleschi, alleging a breach of Mr. Palleschi’s employment agreement and seeking $11,300,000 in damages. The Company is reviewing the allegations contained in the demand for arbitration and intends to vigorously defend its interests in this matter.

[KirbyUSD]

https://www.rosenlegal.com/media/casestudy/99_COTY-CompWeb.pdf

[common_cents]

yeah right. They lied to existing shareholders by omitting CD's. Good luck here.

[DavidLeeRoth]

Seriously doubt that.

The Company believes that the matters referenced in Item 4.02:

? Do not reflect a fundamental change in its underlying business; and
? Should not impact its cash and cash equivalents for the periods referenced in Item 4.02.

[common_cents]

no surprise here.....lawsuits coming...

https://ih.advfn.com/stock-market/AMEX/fte-networks-inc-FTNW/stock-news/79636460/current-report-filing-8-k

[KirbyUSD]

Can of worms...
...whether Company management had the proper authorization to issue certain convertible notes and the related shares issuable upon conversion of these convertible notes, as well as certain other debt instruments and equity transactions; issues related to the accounting for and disclosure of certain expenses incurred by management; and the appropriateness and disclosure of certain related party transactions.

[cash_cow1]

LOL.

[art35]

Sorry

I see that now==

This is the "CUTE" board

[art35]

Sor

I

[cash_cow1]

'art35' wrong board. This is not FWIW.

[KirbyUSD]

In September they changed auditors to Marcum. I don’t personally believe they’ll sign off on the 10K with the following language in every quarterly report going back years including the last K:

Item 4. Controls and Procedures

Disclosure Controls and Procedures

Our management carried out an evaluation, under the supervision and with the participation of our Chief Executive Officer (who is our Principal Executive Officer) and our Chief Financial Officer (who is our Principal Financial Officer and Principal Accounting Officer), of the effectiveness of the design of our disclosure controls and procedures (as defined by Exchange Act Rules 13a-15(e) or 15d-15(e)) as of September 30, 2018, pursuant to Exchange Act Rule 13a-15(b). Based upon that evaluation, our Principal Executive Officer and Principal Financial Officer concluded that our disclosure controls and procedures were not effective as of September 30, 2018.

Changes in Internal Control over Financial Reporting

During the three months ended September 30, 2018, Management noted the following material weaknesses over its financial reporting:


?
Construction accounting - we identified a material weakness associated with recording and disclosure of our construction contracts and related costs;




?
Journal entries - we identified a material weakness associated with the initiation, recording, approval, presentation and disclosure of material journal entries in our books and records; and




?
Information Technology – we have identified a material weakness associated with our information technology environment. The material weakness centers around the retention, safeguard and backup of agreements which includes financial information for purposes of supporting the books and records and disclosures of the financial statements

[BottomBounce]

Fte Networks Inc $FTNW https://www.barchart.com/story/news/load-more-stories/771154/thinking-about-buying-stock-in-aurora-cannabis-fte-networks-goodyear-tire-rubber-midatech-pharma-or-nio

[art35]

How many people here were here back when this was BEAC and delisted???

FWIW---it is the same people who screwed up back then who are still here and screwing up---

[cash_cow1]

For now I'am doing good adding more onto FTNW and trading BOXL. Is making me a nice little fortune today.

[cash_cow1]

Oh well, whatever makes you money, Just make sure you cover before the Calvary arrive. Meaning time for FTE Networks inc to drop the shareholders another one of those Multi Million dollar contracts. They are due right about now about now to release one. Company never fail in releasing one. I'am looking forward to the next release of one of those money making contracts. Good Luck on your shorting, and don't forget to cover,because big positive news is coming soon.

[Investorr]

No, I think the opposite...it’s time to short again.

[cash_cow1]

Agree, around about now the company should be getting ready to more contracts. the ER is due April 16th. Monday is the beginning of April. I expect the company is going to be releasing a ton of news in April. Very excited about April for positive news releases.

[KirbyUSD]

10K or 10K/A - today is the deadline.

[Investorr]

Everyone covered their short positions. Almost time to load up again!!!

[cash_cow1]

Those walls on the Ask are fake walls. A push will get the share price much higher. stock will be set up for positive news to push back up to $4.

[cash_cow1]

yeah,but it would be nice if they just let it run for now.Same spot where we were in February before the news of another multi million dollar contract for $116 million. The stock was at .98 2 days before the press release it went from .98 to $1.58 the next day it ran to $4.44 on news. Could be another great press release waiting in the wings to get the share price back to $4.44 without the conversions this time.

[Awl416]

Crazy mm have the spread at 5% right now

[cash_cow1]

Would like to see share price up higher then it was yesterday before market close. I prefer a share price increase to $4 than a momentum dash that could cause the share price to drop. things are looking better for the stock since the halt was lifted. The gap to $1.48 was filled. The share price is staying above the gap, that is good.

[cash_cow1]

The trading today is around 300k you don't expect the share price to be soaring on very small volume,but it is moving upward. The few trades had between flippers and a few shorts. The shareholders are holding onto their share and so it Lawrence I Rosen holding onto his 1,132,680 shares. I'am still holding. The company and the New York Stock Exchange employees is working together to solve this dilemma.

Many notice there appear to be no dumping of large of mount of shares into the market diluting shareholders value,that is a great plus the dilution has seem to cease.

[Awl416]

Well that lasted all of 1 day

[bransteff]

Amen amen! FTNW to make new millionaires and add millions to old ones, lol ;)

[cash_cow1]

Be careful for what you wish for. I wish all shareholders and investors whom are holding FTNW before the halt on March 13, 2019 would prosper greatly 7x their value from where they bought from, and may all new comers shareholders prosper from FTNW as well. in the name of The most High.

[Investorr]

I know, this would be the perfect short right now. Remove shorting restrictions please!!!

[pennystockking]

Yessir. Good to see u the positive side

[bransteff]

Yahooooo!!!! With shorting restrictions in place and bad news behind us, I see clear sailing back to the moon ahead!!

[cash_cow1]

Feeling better. Things are being workout at FTE Networks Inc. No more unauthorized conversion is being continually dump into the market.Great Job NYSE employees.

[pennystockking]

Kaboom!

[pennystockking]

Stabilized well

[cash_cow1]

I still can't believe the company thought they could just take out a loan and sell 100's of millions of shares to pay for loan with out shareholders approval. the whole loan was done without proper procedures. The CFO and CEO gave away 20% of the company thru this type of procedures. If they didn't know what they was doing they should've stay a private company. Everybody seem they just can take out a loan and use converted shares to pay for it without proper procedures. who do they think is paying for this loan, the shareholders and at the same time have their investment diluted to oblivion.

Those revenue contracts that total $350 million in net revenue will do to pay off the shareholders who was financially hurt in the company dumbest and most stupidity lack of knowledge in running an ipo.

[UFO]

The class action shareholder lawsuits are going to start flying like you wouldn't believe.....soon! This company is going to zero. Horrible investment! Thank God I only bought 1,000 shares.

UFO

[cash_cow1]

This is crazy. That $350 million net revenue plus $116 million contract in February they might as well start coughing that up. If FTE networks plan on converting 55 million shares. They claim they've net revenue so let them us the net revenue to pay for the debt. Don't they know this can be thrown of the NASDAQ and on to the grey market sheet if they're planning on going thru with the undisclosed convertibles to pay the unauthorized notes.

The note and its convertibles was not made transparent to the shareholders. We didn't know anything about the company was doing unauthorized activity involve the shareholders investment with with lenders that was not approve by the shareholders. I've already notified the SEC of the company's wrong doing involving the undisclosed notes and convertibles.

[KirbyUSD]

The stock touches 91c - $13.5m converts @ 50% to 21Day low less 5% for costs = 41c conversion rate = 32m new shares on top of the 23m now outstanding = 55m shares outstanding

[pennystockking]

55m?

[pennystockking]

$FTNW they recently got uplisted they’re not gonna let all that effort and money go to waste...good news will come. Buy the blood

[KirbyUSD]

$0.95 = 55m

[KirbyUSD]

The $13.5m debt converts at the 21day low less 5% for costs. A 55% discount to the 21Day low is 45c or another 30million shares on top of the 23m that are now outstanding. That brings us to 53m shares. If the stock touches $0.90 for a nano-second - 60m shares... you’ll be seeing 500,000 shares a day coming from convertible lenders. The pumpers are all paid...

[pennystockking]

Stabilized..and looks to be double bottom

[common_cents]

yep. Would LOVE to be able to short this but you can't. With 10 MM of convertible debt about to hit this stock, it would have been a great short. It's too bad, because these guys have business....just terrible capatilization. Hopefully the BOD's will hire competent management. Best of luck if you're long.

[Prinz18]

pre-market: ...$ 1.09/1.45.....

[pennystockking]

I know that I didn’t work for Vanice and I know I didn’t get paid in .00005 convertible notes in MIN*E ;)