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IWG TECHNOLOGIES INC V.IWG

"IWG Technologies Inc through its subsidiary is engaged in developing, manufacturing and selling aircraft water treatment equipment, on-demand water heaters and water systems."


TSXV:IWG - Post by User

Post by OPFundson Dec 02, 2016 9:35am
156 Views
Post# 25545459

FYE2016 FS

FYE2016 FSPathetic, YE numbers indicate they are selling this company at 4.8x EBITDA.

Pure BS, regardless if you have been an investor for 10yr, 5yr or 2yr. 

All you get from the managment: "We believe this transaction provides an excellent opportunity for the shareholders of IWG to realize an attractive premium to market."

Its time to write to managment and PenderFund and ask wtf are they thinking?
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