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Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with advisory, implementation, and managed services across all IT vendors in the marketplace. Its segments include Converge Hybrid IT Solutions (Converge), and Portage Software-as-a-Solution (SaaS) Solutions. Converge is focused on delivering advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, digital workplace, and managed services offerings and provision of hardware and software products and solutions to clients across various industries and organizations. SaaS is focused on digital transactions between individuals, businesses, and government organizations.


TSX:CTS - Post by User

Comment by Bookworm28on Dec 08, 2022 11:45pm
181 Views
Post# 35160946

RE:RE:RE:price action saying no deal

RE:RE:RE:price action saying no dealPossibly more than one reason. (a) help scare off short sellers, (b) strapped for cash and need to do a deal, (c) figure the stock is severely undervalued and hoping someone with a few bucks agrees and picks them up for cheap (e.g. $6-$8 per share).

It doesn't look like 'a' above is correct. I just checked the short count for the period Nov 15-30, and it went up 366,824. So much for that theory.

My money is on 'b' and 'c' as the most likely reason(s) for a review. My personal bias lies with 'c', for now anyways. These things can take time, so we won't get clarity until Q4 results come out, OR, they make some kind of announcement related to the review (e.g. a recommendation from the Board, or conclusion of the review, as they said they won't be providing updates). Probably not much happening between now and the end of December so rangebound we (probably) are until 2023. GLTA.


TeamEddie wrote: I am thinking the whole review was possibly a strategic move to hinder tax loss sellers


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