OTCPK:MECVF - Post by User
Comment by
Roots7on Mar 13, 2024 8:02am
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Post# 35930007
RE:MDF Commerce
RE:MDF Commerce This is pure theft. The CEO says the pipeline is 4-5 times bigger than last year, they are generating good cash flow, the business is completely derisked... and they sell for less than 2 times revenues, which is less than what they paid for Periscope. I can't see where the rush is. I understand that Long Path came in when the share price was sub $2, but still.
Let's hope Investissement Quebec and FTQ decide to offer more to protect their mutual investment. They might just have to find an operator who will be willing to put his money where his mouth is, which doesn't seem to be the case with the CEO M.F.
Just need to correct the 40%, it's just a little over 25% combined for investissement and FTQ.
KKR will be laughing all the way to the bank, and we will be left holding the bag...