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mdf commerce Ord Shs MECVF

mdf Commerce Inc. is a Canada-based company, which enables the flow of commerce by providing a set of software-as-a-service (SaaS) solutions designed to optimize and accelerate commercial interactions between buyers and sellers. It offers procurement, ecommerce and emarketplace solutions. Its emarketplaces connect buyers and sellers across multiple industries and offer transactional platforms that are safe, secure and increase their business performance. The eprocurement solutions are designed to ensure the required flexibility to respond to the specific needs of its clients and to connect them with supplier networks across North America. The ecommerce solutions serve the needs of businesses of all sizes by providing platforms and services ranging from ERP-connected all-in-one ecommerce solutions to commerce platforms specifically built for complex commercial ecosystems. It operates in Canada, the United States, Ukraine and China.


OTCPK:MECVF - Post by User

Post by Possibleidiot01on Mar 13, 2024 1:23pm
152 Views
Post# 35930901

David Fawcett- Epic Capital

David Fawcett- Epic CapitalI haven't gone back 4 months on Linkedin to read his previous post that he mentions.

David Fawcett, MA, CFA • 2nd Founder of Epic Capital Management
 
 
MDF: Another Canadian Tech Company Stolen – C’est la Vie – On to the Next One

Today, MDF Commerce announced an acquisition offer of $5.80 per share from KKR-managed funds, a 58% premium over the previous day's close. Four months prior, we posted on MDF as a potential acquisition target, citing its very attractive asymmetric risk/reward profile. While the bid falls short of our estimated intrinsic value of approximately $9.00 per share, C’est la Vie. The bid represents a win for the Epic Fund, and further reinforces our investment thesis that Canadian Small to Mid-size Tech companies are significantly undervalued. We’ll take our profits and look to reinvest in the next exciting asymmetric risk/reward opportunity, of which we have plenty.


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