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Converge Technology Solutions Corp T.CTS

Alternate Symbol(s):  CTSDF

Technology Information Technology Services
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

Converge Technology Solutions Corp > Depressing
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Comment by AlwaysLong683on Mar 20, 2023 6:02pm
144 Views
Post# 35349969

RE:RE:Depressing

RE:RE:Depressing
jsg335 wrote: Given the review by a third party I'm not sure how they can conclude anything other than to sell the company.   Otherwise this thing will keep falling.  I have sickening feeling that the "interested parties" thing was just put out by the company to prop up the falling stock price and really its all BS.

October 25, 2022 close:        6.95

November 9, 2022 close:       4.26 
(Down over 13%. Q3 2022 results were released after market close the previous day)

November 22, 2022 close:    3.99

November 22 after market close:  CTS announces Strategic Review

November 23, 2022 close      4.89
(one-day gain of 22.56%)

Early February 2023:             6.00

Today's close:                     3.99
(share price back to where it was just before strategic review announcement)


Questions:

1) Was the Strategic Review initiated at least in part to stop the share price from plummetting further in November, because that November 22 Strategic Review announcement turned the share price around immediately....?

2) It's been four months now and the Speical Committee still hasn't announced a decision. Why....?


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