Replies to post #7197 on FTE Networks Inc (fka FTNW)

[bransteff]

Yes, hopefully not, but also there was also atleast 500k shares dumped at any prior prior to the halt?? Usually that means bad news leaked??

[doinit]

https://ir.ftenet.com/quarterly-reports?page=1#document-2655-0001493152-20-016120


State below in reasonable detail the reasons why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.



The Registrant is unable to file its Quarterly Report on Form 10-Q for the quarter ended June 30, 2020 (the “Form 10-Q”), within the prescribed time without unreasonable effort or expense. The Registrant requires additional time to compile data and finalize its financial statements to be filed as part of the Form 10-Q and assist its auditors in completing their review in connection with the Form 10-Q.



Additionally, the Registrant has been negatively impacted by the COVID-19 pandemic, which has contributed to the delay in compiling and completing the Registrant’s Form 10-Q (as well as reports for prior periods), due in part to the disruptions in access to and timely exchange of information between officers, auditors, professional advisors and other support staff.