FTE Networks Inc (fka FTNW)

[BenjaminGrossbaum]

$100M in Convertible Notes Payable; $65M due within 12 months. At these prices the note holders need to convert sell 65,000 shares a day at a discount to market over the next 275 trading days. If that’s what’s going on, in 12 months 20m more shares out. The lower the stock goes the higher the share number, and there’s another $35m on the heels of that; and they’ll need more money, so there will be more notes, unless the liquidity in the stock dries up...