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Pivot Technology Solutions Inc. T.PTG

"Pivot Technology Solutions Inc offers IT solutions to businesses, government, education, and healthcare organizations. It operates through the following segments: ACS, ARC, ProSys, Sigma, TeraMach, Shared services. The company derives the maximum revenue from the ProSys segment which sells storage, server, and IT infrastructure consulting solutions to enterprises. Geographically, it derives majority revenue from the United States and also has a presence in other countries."


TSX:PTG - Post by User

Comment by Boolishon Dec 10, 2013 7:24pm
72 Views
Post# 21992234

RE:SHORT FORM PROSPECTUS filed on sedar

RE:SHORT FORM PROSPECTUS filed on sedar
Read the news below. They are going to have to issue a prospectus to change series A into redeemable notes. You can't just snap your fingers and voila. These guys have a lot of cash and a large revolving line of credit. "Under the terms of the offer, the company proposes to allow holders of Series A preferred shares to tender to the company all of their Series A preferred shares for exchange for subordinated redeemable notes that can, in part, be exchanged into common shares of the company (based on an exchange price of 40 cents per share)."
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