FTE Networks Inc (fka FTNW)

[cash_cow1]

I still can't believe the company thought they could just take out a loan and sell 100's of millions of shares to pay for loan with out shareholders approval. the whole loan was done without proper procedures. The CFO and CEO gave away 20% of the company thru this type of procedures. If they didn't know what they was doing they should've stay a private company. Everybody seem they just can take out a loan and use converted shares to pay for it without proper procedures. who do they think is paying for this loan, the shareholders and at the same time have their investment diluted to oblivion.

Those revenue contracts that total $350 million in net revenue will do to pay off the shareholders who was financially hurt in the company dumbest and most stupidity lack of knowledge in running an ipo.