Converge Technology Solutions Corp T.CTS

CTS - advisors engaged & IR team

[Mephistopheles3]

The advisors wasn't a big surprise - though I thought they would have engaged these guys a couple of weeks back when the whole strategic review started.  This might just be that the first step of the process was first just engaging their own partners to help assist them - if so, this process might take a little while. 

Nice to see the IR team come on board though in helping them communicate the process.  So far, so good with the process.

[growthnprosper]

Must have multiple offers if they need all this help!

[Mephistopheles3]

You also need these kind of advisors to help guide the process in general and keep it organized.  For example, it's just like real estate, where you might have 10-15 players who are doing the "open house" and are midly interested, but you might only have a few that are serious serious players willing to put in an offer. I do like having these external advisors though

[growthnprosper]

Why would they not have hired these advisors a few weeks ago? Why the delay? Or are they just waiting for the results and for more offers first?

[Mephistopheles3]

Unless you're an insider, you never know what the real story is. They might have hired this company a few weeks ago, but just never press released it.. until their new IR team came on board.  Who knows - you can speculate endlessly, but we'll never have the full story.  Their advisors - Houlihan Lokey, despite having an awful name are the real deal.  Here's an example

[ddogold]

With todays NR., it's apparent that management feel the shareprice is woefully undervalued and that they are leaving nothing to chance and are hiring a strong team to unlock the fair value that they deem for this company that they've spent years in building . I am confident in where we will end up .glta