FTE Networks Inc (fka FTNW)

[Ed Ajootian]

zoomlik, FTE can do whatever it wants with its cash as long as it keeps up with its obligations. Working capital as of the end of last year was not that high but then shortly after the year ended they issued stock to pay off about $5.5M of debt. Assuming that debt was short term debt then working capital would have gone up by that amount. Also they will be generating a lot more EBITDA this year, which should further increase working capital as the year goes on.

Their 1Q 10Q is due a little over a week from now. Hopefully that will show a healthy increase to working capital.