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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 bikerackon Mar 03, 2014 6:20pm
213 Views
Post# 22275062

RE:30 minute call to their office

RE:30 minute call to their officeAccording to a recent post........

''Things have been great and more and more people have converted their preferred shares so the preferred total is steadily moving downwards.''

Might I politely point out the following recent news release from the Company.

Either you have a vivid imagination or someone is having you on....you choose!




Pivot Technology Solutions Inc., further to its press release of Dec. 20, 2013, has decided that the company will postpone formalization of its exchange offer to holders of Series A preferred shares on terms previously announced.

Pivot believes that the current offer does not carry sufficient support to commence with the formal process. The company does not currently intend to initiate the conversion of the Series A preferred shares into common shares in the absence of the launch of some form of exchange offer or other change to its preferred share structure. The company will update investors if a decision is made to propose changes to its preferred share structure or to initiate the conversion of Series A preferred shares into common shares.

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