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FTE Networks Announces $4 Million Corporate Stock Buyback Program
Company is really trying, can't deny that! Debt refinance yesterday and stock buyback program today!
Expecting more good news
https://globenewswire.com/news-release/2018/12/19/1669537/0/en/FTE-Networks-Announces-4-Million-Corporate-Stock-Buyback-Program.html?fbclid=IwAR0qJquOLzrEXn_6ECUNBFOMdQw72YF0Kt9zLQ-3Uqs18MpMcJT28WXJwgc
Look up some of their latest filings? 5G Investments has been a 10%> holder for a long time.
Here's my take:
5G Investments owns 1 mil. shares in FTE.
5G Investments are a pooled fund owned by LaidLaw & Co.
LaidLaw & Co. has been under investigation for investment fraud since October/November 2018.
A lot of their clients probably liquidated and closed their positions.
Their clients don't want to be involved in a company that's under heavy accuse of fraud.
1 mil. shares of 5G Investments has likely been liquidated in the past 2 months.
1 mil. shares in a stock that's not more liquid, can do heavy damage.
They probably sold several 10,000 shares daily, also causing traders to panic and tax-loss selling.
I'm pretty confident about the above ^ That alone, would likely take the stock down from $10 to $5 easy.
We also know that LaidLaw are crooks and fraudulent, so they probably also made money on the way down, by shorting the stock. They knew clients wanted to liquidate their positions, they knew that they had to sell 1 mil shares on the market, and probably thought of making money by shorting.
LaidLaw & Co. should be reported to the SEC for investment fraud in FTE as well.
Benjamin keeps quoting stuff that's irrelevant and pushes the fake news, makes me wan't to buy more. Bashing with LIES has an reverse effect on smart investors, don't forget that.
FTE Networks - A Growth Gem At A Bargain
https://seekingalpha.com/instablog/48493673-fundamental-invest/5247643-fte-networks-growth-gem-bargain
Insiders know current prices are a bargain, they probably bought to make money knowing good news are not far away.
Quit the lies, those are not convertible. Highly suggest people to read this article instead:
https://seekingalpha.com/instablog/48493673-fundamental-invest/5247643-fte-networks-growth-gem-bargain
Material insider information? No? Maybe you should do your du diligence before concluding what ever runs through your head?
As per the shareholder letter from September 2018:
"Equally as important as growing our business is optimizing our balance sheet. Continued growth in EBITDA creates opportunities for the Company to take advantage of more favorable financing terms. Currently the secured portion of our debt is approximately 1x TTM EBITDA. The Company is currently focused on refinancing its existing debt with a lower cost of capital within the next 3-6 months."
Source:
https://globenewswire.com/news-release/2018/09/25/1575666/0/en/FTE-Networks-Inc-CEO-Letter-to-Shareholders.html
FTE’s CrossLayer™ to Install Advanced Data Network in Two Midtown Manhattan Office Buildings
https://ir.ftenet.com/press-releases/detail/143?fbclid=IwAR0dFH7wk7lsKqL9EqhL5t75uMd4Vl6Ry_HhunPPj6guqkZ4fhciMzFI1p0
Thank god you realised the fact that you were wrong, at least you're not completely delusional. I think company will address the debt issue soon, they're refinancing better terms as we speak, once that's resolved this will run miles.
Look at the past K's and Q's they all represent the preferred shares as well. Not sure why you try to manipulate the information to scare people away Benjamin? Are you paid to bash the stock?
This is actually becoming hilarious. The preferred stock has voting rights and have since they were created back in 2007. Benjamin, keep up with your lies, hope you're paid well. No additional shares has been issued, feel free to contact the management/IR for clarification.
Funny how you "fake" the facts - In a previous post you said they were burning $2M a month, now you're saying a quarter. $2M a quarter is reasonable, and not something that will put the company in danger from one day to another? 5M shares were issued, but did you do your research on the issuance? 1M was Board compensation, the board hadn't been compensated for the past 6 years, they had to according to their contractual obligations. 1M was for employees, those are not yet issued and will only be so, if employees perform accordingly. 1M was for consultants, likely CBRE and Buttcon. They're compensating CBRE and Buttcon with shares and cash on hand, doing so they align their interest. CBRE and Buttcon are compensated for bringing CrossLayer deals. I'm not sure how one person can mess up with the facts so badly, you loose your credibility doing so, I may start to question if you're paid by shorts to bash the stock?
They may not have been the best to tell the story, but one should never forget, management owns 30% of all stocks, they have all their net worths tied up to the company, you really think they will flush out their money "just like that"? Neither do I - Also remember, insiders bought 70,000 shares in the past two weeks, that's shares worth almost $400,000, you think they would do so unless they were confident? How often do you see management in a micro cap stock buy 70,000 stocks to send a signal to their shareholders? I can tell you, It's very rare and I'm very confident they're tackling all issues as we speak. Time will tell, but shorting at these prices is nothing buy suicide - Why didn't you short at $25, $20, $15, $10, $8, $5? Shorts has made their money, they have probably turned long by now.
Don't caught like a fool. Shorting at these prices are nothing but suicide. Company trades at less than 1,5x adj. EBITDA, they're not burning $2M a month as claimed, most of the net loss comes as a result of amortisation which is non-physical and related to the acquisition of Benchmark Builders in 2017. Just look at the Q4 report, almost $8M out of $12M for the Q is related to the acquisition. In the previous Qs the number were much less. So in fact, the company is not burning that much cash, since most of it is NON-PHYSICAL/NON-CASH RELATED. They printed a decent amount of shares, and that sure is a negative, but those are locked up for 6-12 months as stated in the Q. Supply won't hit the market for a while. You can do the calculations yourself, all shares issued has been done at a price at least twice todays price, meaning no one received any substantial amounts of discounts as claimed. Company guides with 75 CrossLayer buildings on-net by 2019, that's $400k pr. building = $30M (remember CL is high-margin recurring revenue) x 0,40 (conservative margin estimate of 40%) = $12M, now one can easily put a 7-8x for a gast growing tech business = $12M x 8 = $96M, that's a fair value of CrossLayer alone, now add BenchMark, JustCom and FTE which does a combined of $420M in 2019 and adj. EBITDA of $36M. With todays Market Cap of less than $50M, you think this is a short candidate? If you do, you're either delusional or stupid. Second, yes they do have a decent amount of debt, but remember $7,5M was paid off earlier in the year WITH CASH FROM OPERATIONS not shares that were printed, as once again claimed by shorts. How do I know? There's a public release about this and it was also fully disclosed at the conference call. Now, company is working hard to refinance their debt, and no debt is due for the time being, company does $10M in EBITDA pr. quarter and can easily service their debt, one denying that obviously don't know anything about financials. So why in the heck, would you short a company that trades a major discount relative to Its peers?
Exactly you're paid to bash the stock, probably by naked shorts or something. This is not a perfect candidate to short at these prices, one has to be stupid in order to do that. $50M MCAP with $350M in rev and $30M in EBTIDA
CEO & CFO bought 1,000 and 5,000 shares today respectively.
Source: Link: https://www.insidertracking.com/company?ticker=FTNW
Wow! CEO, Michael Palleschi just grabbed another 10,000 shares tonight at a price of $5,51!
They're really putting their money where their mouth is!
http://insiderbuyingselling.com/?t=FTNW
FTE Networks will be attending the 11th Annual LD Micro Main Event on december 4th 2018, that's next Tuesday!
The LD Micro Main Event will take place December 4th, 5th, and 6th, in Los Angeles at the Luxe Sunset Bel Air Hotel, will feature 250 companies, and will be attended by over 1,200 individuals.
Time to get more serious investors and institutions on board!
https://www.ldmicro.com/events/presenter-schedule
FTE Networks Ranked 95th in Deloitte 2018 Technology Fast 500 Winners
FTE won as a provider of disruptive technology in the Communications/networking industry and was recognized for its 1338% growth.
https://ir.ftenet.com/press-releases/detail/141
AmericanBulls out with a new technical update on FTNW.
A strong BUY signal was issued yesterday with a "valid average buying price that now stands at 4,9657"
https://www.americanbulls.com/SignalPage.aspx?lang=en&Ticker=FTNW
New update from Roth Capital. Results Above Expectation and Continued Backlog Growth – Maintain Buy and a price target of $35/share!
https://tiny.cc/FTNW
Press Release - FTE Networks Announces Insider Purchases
“We remain confident in our future, and business operations continue to progress ahead of expectations in both our infrastructure and technology segments,” said Michael Palleschi, President and Chief Executive Officer of FTE. “We believe future cash flow from operations will help provide the resources necessary to expand our CrossLayer footprint. We are actively working towards a strategy that we believe will improve the overall balance sheet and will be beneficial to all shareholders. We believe we are in a great position as we head into 2019.”
https://ir.ftenet.com/press-releases/detail/140?fbclid=IwAR1bDMBOKFt0eNwDTwEjidB1BpJLyhJZ0Hu1Va1RKBJq6CgRM5_dDorPr8A
CEO and CFO purchases 56.000 shares worth over $250.000 today!
What a statement! Time to supply some more and load up
https://www.gurufocus.com/news/777331/fte-networks-inc-ftnw-ceo-michael-palleschi-bought-148400-of-shares
I read the attorney statement and FTE was barely mentioned, no complaints what so ever. If people are selling based on that they're being fooled.
If you think SeeThru had any impact on this stock then you're totally clueless. They have never been a reliable source just a pity company trying to do research at a very low professionel level. I think FTE cut ties with them once they noticed something was wrong, hence they haven't had any coverage on the company since 2017?
Here's a few triggers to look forward to:
- Roth Capital investor meeting on Wednesday
- Q3 report on Thursday
- At least 1 CrossLayer week by next friday
- More insiders buying after Q3
- More coverage from inv. banks
I'll hand you some at $15-20 Debt being tackled as we speak, Q3 report out in a few weeks, will spike on rumours
No equity issue, already confirmed by management - Join the Facebook group, It's active and a lot of information is shared in there: https://www.facebook.com/groups/264711164162592/
Here's the research report that Roth Capital made on FTE Networks, Inc. earlier in the year - Very useful and detailed report that includes everything you need to know - highly recommend everyone to read it!
click here to read the report
Here's the research report that Roth Capital made on FTE Networks, Inc. earlier in the year - Very useful and detailed report that includes everything you need to know - highly recommend everyone to read it!
click here to read the report
FTE Networks: Ready To Rally
https://seekingalpha.com/instablog/48493673-fundamental-invest/5217699-fte-networks-ready-rally
Patriot One Technologies Inc. update from James West the Midas Letter, 3rd of August 2018
Press here to watch the video!
The well known publisher James West from the MidasLetter gives his take on Patriot One Technologies Inc., according to James, good news could be on his way and he's buying more stocks on monday for that reason.
Who is James West?
James West has been covering the best of Canadian publicly traded and private companies for over 30 years. Midas Letter is widely acknowledged as one of the most influential financial advisory publications in Canada.