Replies to post #6135 on FTE Networks Inc (fka FTNW)

[yaboy520]

What is fishy? We all know they can't uplist at the current price and would need to do a RS, I believe they will announce the ratio the day before it goes into effect

[Scott12]

Probably.....1:8 reverse split. Heck, they've already done a reverse split just last year. Something like 1:20. A lot of OTC stocks at one time or another say they intend to uplist to Nasdaq. Today's PR was straight out of the OTC playbook. In all my years of following these penny stocks,(25+ years) I have yet to find 1 OTC stock that has actually uplisted to the Nasdaq. IMO, the only reason these companies mention uplisting to the NASDAQ is so they can counter balance the selling of new shares....dilution.

BTW, I see there still hasn't been any trades today. lol.