txhockey, I believe the pullback in price has to do with the fact that we are getting down to the last week for putting out the 10K without having to extend it, but the company has not indicated when it expects to announce earnings yet. Having to extend the 10K would be unfortunate and would probably be interpreted by some to mean that there must be some contentious accounting issue(s) that are being debated between company management and its auditors. By this point you would think that they would have had enough time to get the actual numbers themselves put together and audited. If there are some issues out there, I hope FTE management just decides to bite the bullet and agree with whatever their auditors are saying, and get the 10K issued. Most folks buying the stock at the current price are not buying it based on what its EPS may have been for 4Q, but rather are buying it for its growth prospects going forward.
I don't think the company is having to low-ball bids to get business. As far as I understand it, while there are obviously other ways to get internet service to a building, there are not too many ways to do it with as fast and reliable service as what CrossLayer is offering. So to this extent they really don't have any competitors, unless the building owner is willing to compromise on the quality of internet service he is going to offer.
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