NEW PICK: FTNW
FTNW is our FEATURED PICK. PENNIES TO DOLLARS
[b]CURRENT PRICE: .0525
TARGET PRICE:[/b[color=red]$2.00][/color]
[b]SHARE STRUCTURE:
A/S-----70 MILLION
O/S-----46.7 MILLION
FLOAT----23.3 MILLION (of which approximately 85% is held by majority shareholders and its officers)
[b]ESTIMATED ACTUAL RETAIL FLOAT: less than 5 million shares.
[b]TARGET PRICE JUSTIFICATION:
We could have put any number down on the target price, but we decided to go ultra conservative. Here is the math:
COMPANY REVENUE LAST FISCAL YEAR: $14,000,000
ADDING TWO RECENT CONTRACT WINS: ($145,000.00 / 36 MONTHS = $48,000,000.00 A YEAR)
ASSUMING LAST YEAR'S $14,000,000.00 does not go up at all (unlikely), and now factoring in the new contract wins $48,000,000.00 a year gives the company annualized gross revenues of approximately $62,000,000.00) (that is assuming they have no additional contract wins, also unlikely).
NEWLY ANNOUNCED CONTRACTS (both released within the past few weeks, one yesterday).
$45 MILLION CONTRACT ANNOUNCED YESTERDAY:
NAPLES, FL--(Marketwired - March 02, 2016) - FTE Networks, Inc. (OTCQB: FTNW) ("FTE" or the "Company"), a leading networking infrastructure service solutions provider in the technology and telecommunications vertical, announced today that it has been awarded a multi-year, multi-million-dollar contract with a leading telecommunications carrier. The contract is expected to commence on April 1, 2016 and is valued at over $45 million dollars over the next three years with the potential for additional service offerings in existing and new markets.
[color=red]$100 MILLION CONTRACT ANNOUNCED :[/color]
This is the second major win for FTE in the last few weeks. Previously, FTE was awarded a contract with Edge Communications, which is valued at up to $100 million dollars over the next 36 months. "We have already begun work on the Edge project, which is going very well," added Palleschi. "Both of these projects add substantial new long term revenue streams and enable us to continue on our [b]path to profitability in 2016." [/b]
[b]WHAT THEY DO:
FTE Networks, Inc., and its wholly owned subsidiaries, is a leading international networking infrastructure service solutions company. We design, build, and support telecommunications and technology systems and infrastructure services for Fortune 500 companies operating four (4) industry segments: Data Center Infrastructure, Fiber Optics, Wireless Integration, and Surveillance & Security. FTE Networks is headquartered in Naples, Florida, with offices throughout the United States and Europe.
[[color=red]b]***SPECIAL NOTE***[/color]
In August, 2014, FTNW was the subject of an SEC suspension do to lack of reporting. The company achieved the impossible by coming off of the grey sheets, and now are FULLY reporting in the highest grade, OTCBQB. That gives the company legitimacy in our minds and also speaks to the company's desire to uplist to a higher exchange, most likely the NASDAQ. We anticipate a likely filing for uplisting to a higher exchange within the next 180 days, based upon the alacrity with which the company is growing, their recent filings and company's own SEC reporting.
FINAL THOUGHTS:[/b]
When looking over FTNW we were scratching our heads as to why, with the most recent contract wins that this company did not merit higher price points. We began reading the filings and the more we read, the more we realized that we stumbled upon a literal, "Diamond in the rough." The market has it wrong. This company is moving and growing with hyped expediency. The Board of directors and company officers reeks of experience in the fiber optic / telecommunications field. We feel the company is on the verge of closing at least two more contracts, which will make them even more severely undervalued.
[b]DISCLAIMER:[/b]
None of us has been compensated for this post, nor will we ever accept compensation from anybody, any company or anyone else. We encourage you to take s hard look at FTNW, read its filings and so forth. An educated investor is our greatest ally.
Regards,
SPORTNORTY
OC MILLIONAIRE
