Converge Technology Solutions Corp T.CTS

Depressing

[jsg335]

This stock goes down even on green days in the market.  It's becoming really hard to be optimistic here.  Almost want to throw in the towel, very frustrating

[jsg335]

Given the review by a third party I'm not sure how they can conclude anything other than to sell the company.   Otherwise this thing will keep falling.  I have sickening feeling that the "interested parties" thing was just put out by the company to prop up the falling stock price and really its all BS.

[AlwaysLong683]

October 25, 2022 close:        6.95 November 9, 2022 close:       4.26  (Down over 13%. Q3 2022 results were released after market close the previous day) November 22, 2022 close:    3.99 November 22 after market close:  CTS announces Strategic Review November 23, 2022 close      4.89 (one-day gain of 22.56%)

[jsg335]

Exactly, something seems strange here.  A company can imply multiple interested parties, but whether any are actually serious or truly exist is very easy to embellish.  They allowed their share price to tank and now more than ever a $7 to $8 offer would be more than acceptable to shareholders in this current environment.  The only possible reason for this 4 month review could be

[preytel]

I'll take it!

[AlwaysLong683]

If a suitor makes a firm offer, they usually include a deadline date and time on or before which the takeout target has to accept, otherwise the offer is null and void. Who knows what has taken place so far? Lowball offers rejected by the Strategic Committee? Decent offers rejected by the Strategic Committee? Lack of clarity on the path forward and thus no decision yet from the Special Committee?

[jsg335]

The problem is any suitors ability to acquire may have completely changed in this past 4 months