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Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

Converge Technology Solutions Corp. is a services-led, software-enabled, information technology (IT) and cloud solutions provider. Its global approach delivers advanced analytics, artificial intelligence (AI), application modernization, cloud platforms, cybersecurity, digital infrastructure, and digital workplace offerings to clients across various industries. It supports these solutions with advisory, implementation, and managed services across all IT vendors in the marketplace. Its segments include Converge Hybrid IT Solutions (Converge), and Portage Software-as-a-Solution (SaaS) Solutions. Converge is focused on delivering advanced analytics, application modernization, cloud, cybersecurity, digital infrastructure, digital workplace, and managed services offerings and provision of hardware and software products and solutions to clients across various industries and organizations. SaaS is focused on digital transactions between individuals, businesses, and government organizations.


TSX:CTS - Post by User

Comment by AlwaysLong683on Feb 10, 2023 8:35pm
141 Views
Post# 35280984

RE:RE:RE:Company reasoning for the credit limit increase direct quote

RE:RE:RE:Company reasoning for the credit limit increase direct quote
growthnprosper wrote: These are direct quotes from someone on the Review team.......but he asked not to post anymore of his comments on Stockhouse as they are in the freeze period until they publish next week.

growhnprosper posts today:
 
10:56 am
What analyst said anything like this? No analyst did this. The Company cannot report any of these things before they publish earnings. This is bull!
 
12:25 pm
Company reasoning for the credit limit increase direct quote: not related at all to process, business as usual… an opportunity to provide additional flexibility and show confidence from banks.
 
3:58 pm
These are direct quotes from someone on the Review team.......but he asked not to post anymore of his comments on Stockhouse as they are in the freeze period until they publish next week.
 

growthnprosper, 
 
In the morning you state CTS can't report the information they themselves put in an official press release before earnings are publicly released.
 
In the afternoon, you claim to have obtained a direct quote from a member of the "Review" team (I assume you meant Special Committee) but that's all he can give you since they are in a blackout period until the public release of that earnings information.
 
Wow.
 
You were obviously wrong in your morning post as CTS did in fact issue a press release re. the increase to their debt facility and related comments. It was not "bull" after all.
 
In the afternoon, you then claim you received inside information from "someone on the Review team" prior to the Special Committee making their recommendation public, which would be illegal. So, we are supposed to believe an anonymous poster on a BB like yourself has a contact inside the company that breaks the law once, then asked you not to reveal any more of what I assume is additional inside information because of a blackout period...?
 
Piece of friendly advice:
You are not doing yourself any favours in terms of credibility when you post things like this.
 
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