Post by
sebraz on Oct 21, 2020 8:09am
Stifel 2020 Virtual Healthcare Conference - Nice, but...
Not the news we're looking for!
..."previously announced LOI that we expect to close imminently, we could not be more excited about the future for Protech.”
The tone in the release is very positive, but where's the announcement?
Comment by
Trademark11 on Oct 21, 2020 8:13am
Yes, agreed but he did include this statement.... “With a pristine balance sheet, including our newly available US$20 million credit facility with CIT Bank, our continued operational excellence in the midst of the COVID-19 pandemic, and our previously announced LOI that we expect to close imminently, we could not be more excited about the future for Protech.”
Comment by
HatrikSeLaine on Oct 21, 2020 9:17am
The LOI will likely be announced tomorrow. They will let this conference announcment breathe for 24 hours and then on day 45 we should get the official details on the new purchase. Early bid/asks today look like a slight uptick too. Patience will pay off.
Comment by
Trademark11 on Oct 21, 2020 10:05am
Hopefully.... my observation however is that they tend to make large PR's on Monday's or Tuesday's.
Comment by
EStreet on Oct 21, 2020 12:58pm
There up against it tomorrow,,. Not sure if the 45 days is a "prediction" or a "deadline", in either case it could be viewed as a negative if not issued by tomorrow,,. Looks like they will waiting for the US markets to tank on non stimulus to make this anouncement,,!!
Comment by
Invediz on Oct 21, 2020 1:25pm
"Expected to close within 45 day" no deadline and the NR today's use of word mean it is very very soon.