Converge Technology Solutions Corp T.CTS

Assessment

[retiredcf]

And as mentioned, the SP performed very well yesterday. Closing 5% higher than the financing price is another strong show of confidence from the investment community. GLTA

Question: Could you comment on the just announced acquisition of Vicom Computer Services by Converge Technology Solutions? At first glance, it looks like a solid acquisition which will nicely expand its operations in the US Northeast. 

Answer: We agree, The deal adds $128M in revenue and expands its customer and geographic diversity. Yesterday's bought deal keeps the balance sheet strength intact. Market cap is growing nicely here and the stock continues to get re-rated

So said 5iResearch yesterday. 

[jimitwist]

Does anyone have any idea what the current revenue run rate is. They have absorbed a few companies lately, but reading through the news releases, I can't see any revenues mentioned for most of them.

[retiredcf]

Yesterday, they added a few more comments when asked again by subscribers. GLTA CTS's recent acquisition looks good, and its bought deal helps financial flexibility and raises the market cap to a level which may bring more investor attention. The balance sheet is being de-risked and the stock is getting revalued because of this. Current momentum is very strong here. Sales should rise 30

[jimitwist]

Market cap is another milestone some managers have to abide by. With the new issue and the current  share price the market cap should be  a bit over  C$800 million. When the market cap hit $1 billion more managers can get in.