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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

Post by 88guy88on Mar 15, 2023 1:10pm
323 Views
Post# 35340324

Shorts are gonna get burned here

Shorts are gonna get burned hereas of Feb 28 there were 5,676,873 shares short and it was only 3,538,414 Feb 14.....the company has already pre announced their expectations for Q4 and annual results review.

They will just be confirming what was announced and get a more specific number on the ranges they proposed

Also the company recieved expressions of interest that were unsolicited and that resulted in the setting up of the special  committee to review strategic alternatives to unlock value for shareholders.  That was back in late November....so 3.5 months have passed and they said they would only make an announcement on the review if they had a deal or they had completed the review....I think they have to comment on the review today.   It will either be to say they recieved some offers but felt they were just too low and see much greater value and appreciation by just continuing the current company....we will see what happens.....sometimes the first offers are low on purpose and then a much higher offer emerges when they know they can't just lowball steal the company....
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