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Bullboard - Stock Discussion Forum AnalytixInsight Inc V.ALY

Alternate Symbol(s):  ATIXF

AnalytixInsight Inc. is a Canada-based data analytics and enterprise software solutions provider to institutions across various industries. The Company develops and markets cloud-based platforms providing financial content, stock trading, and research solutions for banks, brokers, and investors in the financial services industry. It provides financial research and content for investors... see more

TSXV:ALY - Post Discussion

AnalytixInsight Inc > ALY and Torrent Capital
View:
Post by fiveniner on Oct 06, 2021 1:04pm

ALY and Torrent Capital

Torrent Captial initiated a position in ALY in 2017 Q1 through a PP. - 2,272,500 shares and 1,250,000 warrants.
https://torrentcapital.ca/wp-content/themes/stratusx-child/mda/torrent_capital_mda_123117.pdf


Sold off some shares (1,288,500) in Q2 2018. 
https://torrentcapital.ca/wp-content/themes/stratusx-child/financial-statements/torrent_capital_financial_063018.pdf

Some more later in 2018, until they reported that they exited most of their position because there was no near term catalyst expected.
https://torrentcapital.ca/wp-content/themes/stratusx-child/mda/torrent_capital_mda_123118.pdf

Jim Megan is on the BoD of Torrent and managing director of Numus Capital. Torrent MDA notes that it may participate in investments associated with Numus.

Numus helps put PP in place for ALY in October 2020 but no record of Torrent purchasing ALY in their MDA/Q4 financials.

However, in Q1 2021, Torrent reports that they again are holding ALY. This time 1.011,691 shares but no warrants. Average cost of these shares was $0.613. As the SP was never that low in Q1 2021, it is likely that Torrent groups ALY under the heading of "Other securities" for Q4 2020.
Comment by fiveniner on Oct 06, 2021 1:12pm
Anyway, I don't know how I never came across Torrent Capital's holdings of ALY until now. The have some good info on ALY if you look through the most recent versions of their Quarterlies and MDAs. https://torrentcapital.ca/investors/financial-reports/ Most recent info from MDA below... AnalytixInsight (“ALY”) ALY is an artificial intelligence, machine-learning based fintech company ...more  
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