Jemtec Inc V.JTC

Jemtec announce the lost of Nova Scotia contract

[loopsbutterfly]

starting July 1,2023

It is a material event...source annual report md&a 2023 out November 29,2023

I dont like the way they did the communication....they did the same with the Ontario contract

In my view they should report the material event immediately with a press release but instead it is a slow process and we have to find the information waiting the next md&a no matter the crucial information is material event for the shareholders...very strange the way they report it...

any thought on it????

[loopsbutterfly]

sorry....Do you have any comments on this? 

[benzobenzo]

Do you have the link to the 2023 annual report?  I can't find it.  Yes, they did a similar announcement with their loss of the solgen contract which made up around 50% of their total revenues.  That was a material contract they lost in the rfp process.

[benzobenzo]

The business should be based on an asset valuation.  JTC is rich in current assets w/ it mostly consisting of cash.  Minimal debt.  They are seeking an acquis or merger.  The loss of NS contract is immaterial as they will continue to lose $ unless the solgen contract is numerically replaced. If you can buy this business for a discount to net value you'll have minimal risk

[loopsbutterfly]

my source is sedar.com merger or acquisition??? they says the same think since the last 10 years

[loopsbutterfly]

sorry thing not think