Converge Technology Solutions Corp T.CTS

Stockchase Insights

[retiredcf]

First mention I've heard of ENGH being a potential acquirer. GLTA

BUY

Converge Technology Solutions(CTS-T)

06/03/2023

 

Trevor Rose’s Insights - Trevor’s most-liked answers from 5i Research.

Insiders own 8% and there has been a small amount of net buying in the past six months. 

There has been no news on the contracts. It is not likely they were cancelled yet, but that remains a possibility. 

ENGH might be interested, or a US-cloud company. 

However, we think the interest has come from private equity players, perhaps Thomas Bravo. 

We would be OK owning some today.  

 

Technology

 

Stockchase Insights

$4.530

Unknown

[88guy88]

the key word here is "SMALL" amount of buying from insiders in last 6 months they are in the know and they are not commiting any "BIG or Sustantial" amount of their dollars... small bits of buying is just window dressing for the market

[preytel]

you shorting idiot .. insiders buying isnt legal at this point and hasnt been since they announced their intentions to look for shareholder value. back on ignore for you and i suggest all readers here do the same. this twit is shorting the stock no matter what she says.

[retiredcf]

A few more comments. GLTA CTS put itself up for sale, or at least for a review, as it was approached by other parties first. It is really a question of valuation. It is 13X earnings. Many companies are 20X and a shareswap with such different valuations can be very easy for a larger company. Reviews can take a while. Also, the parties may simply not agree on price, and nothing will happen. But in