While is makes no doubt that MDF is being shaken out to become a takeover, i have e-mailed LONG PATH PARTNERS, the U.S.A. hedge fund. I find it odd that it doesn't have a detailed website, however.
MDF COMMERCE INC.
(Attention: Mr. JP Adams, Mr. William Brennan,
Mr. Brian Nelson, Mr. Ed Johnson of LONG PATH PARTNERS) July 10, 2022
Sirs,
In reference to Long Path Partners chasing MDF Commerce as an hedge fund, the appropriate course of action here is for the 3 largest shareholders (holding jointly 36.9% of the shares) to brace up together and bring the company private.
It serves no purpose at all to let this public company going forward on the expectation of a turnaround given such a current low-ball share price.
Yours truly,
Minority shareholder
MDF Commerce shareholder
| | | Name | Equities | % | | Fonds de Solidarit FTQ | 5,975,638 | 13.6% | | Investissement Qubec | 5,370,112 | 12.2% | | Long Path Partners LP | 4,897,340 | 11.1% | | Fidelity Investments Canada ULC | 1,800,000 | 4.09% | | PenderFund Capital Management Ltd. | 552,700 | 1.26% | | Picton Mahoney Asset Management | 454,549 | 1.03% | | Northwest & Ethical Investments LP | 184,278 | 0.42% | | CI Investments, Inc. | 180,195 | 0.41% | | Strategic Advisers LLC | 175,691 | 0.40% | | Pembroke Management Ltd. | 174,572 | 0.40% | | | Company contact information mdf commerce inc. East Tower 1111, St. Charles Street West Suite 255 Longueuil, QC J4K 5G4 Phone : +1.450.449.0102 Web : https://www.mdfcommerce.com | | | | https://www.marketscreener.com/quote/stock/MDF-COMMERCE-INC-1410754/company/ | |
MDF COMMERCE
Key Data
52-weeks HIGH/LOW : $10.90 - $1.72
Listed shares outstanding : 43, 970, 943
EPS : -0.66
P/E ratio: -2.70
Market Cap : $76,949,151