FTE Networks Inc (fka FTNW)

[Ed Ajootian]

Another record volume day, pretty amazing. I imagine that KSCA has lined up a full slate of fund managers for the FTE execs and board members to go visit while they are in NYC this week for tomorrow's bell-ringing. If so it looks like KCSA is already starting to earn their keep.

This is probably a "non-deal road show" we are seeing the effects of. If the stock price keeps marching up much more it might become a road show for a secondary offering. I would love to see FTE get rid of their current senior lender, they are getting ripped off by those guys. As of the end of last quarter they owed Lateral $27M. Maybe if they raise half of that in equity they can get a more traditional lender to lend them the other half on a much more reasonable basis than what Lateral has been charging them.