Converge Technology Solutions Corp T.CTS

Yikes!! Uncertainty!!

[newcoin]

The market hates uncertainty. There must have been a leak about a Press Release. That explains the s/p strength this afternoon.

[Bookworm28]

I wasn't expecting that news release. Talk about interesting. Not sure how to interpret it. Merger = has someone been trying to keep the share price low to get a good deal? Recapitalization = do they have too much debt and are looking to consolidate the shares and issue/sell a bunch of stock from treasury to a strategic partner at a higher price than what we're currently trading at

[Mephistopheles3]

The text states in response to an expression of interest. My take is that they received either an offer or the intent on making an offer. Share price is so low that a Constellation could pick it up for petty cash.

[TimeScape]

Yes, looks like the company is up for sale.  What is the business worth?  I certainly think it's a lot more than the current share price. The Q3 earnings report showed a 64% increase in net revenue, a 64% increase in adjusted EBITDA, a 54% increase in adjusted net income, and with 34 cents a share in adjusted net income ytd, which works out to about 45 cents for 12 months at that