At pennystockking, all we can do is hope for the best. I call my broker and he told me it is not a SEC violation for the reason of the halt. The New York stock exchange could had FTNW halted on behalf of company news pending.I don't know what it is, but is not for SEC Violation. Also Lawrence I Rosen bought 1,132,681 shares on March 1. He file a 13G because that was 9.3% of the o/s. Plus some one else bought more than 1.3 million shares. I don't think these people would invested so much into a company without doing a lot of research into FTE Networks Inc.
IMO the CFO was fired and given severance pay of $87,500 paid equal in 6 monthly installment. He had to give up his 466K shares of FTNW. When an executive resigns he/she is not giving severance pay most of the time because they quit. Unless he is asked to resign. I'm looking forward to a buyout, merger, equity firm takeover or something that will make the shareholders fill whole again. By tomorrow we shall know why the stock was halted.
glta who are holding FTNW alone with me.
