10:13:34 EST Mon 19 Nov 2018
Enter Symbol
or Name
USA
CA



Login ID:
Password:
Save
Shell Summary
Symbol C : *MKTSHEL
Recent Sedar Documents

Shell Summary for Nov. 7, 2018

2018-11-07 20:13 ET - Market Summary

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Stockwatch Business Reporter

The TSX Venture Exchange gained 5.83 points to 672.00 Wednesday. Brian Bayley and Murray Sinclair's 24th capital pool shell, Norwick Capital Corp. (NWK: halted), has submitted a filing statement for its qualifying transaction, which it expects to close today. It is acquiring Converge Technology Partners Inc., a Toronto company in the business of acquiring North American tech firms. Norwick Capital will roll back 1 for 3.2, leaving it with 1,328,125 shares issued, then issue 74,355,034 shares to Converge's shareholders.

Between October, 2017, and May, 2018, Converge acquired five companies, primarily information technology service providers. They are: Northern Micro in Ottawa, Becker-Carroll in Gatineau, Corus360 in Atlanta, KeyInfo in Los Angeles and BlueChipTek in Silicon Valley. Becker-Carroll has not provided its financials, but the other four companies are all profitable. As of June, 2018, Converge and its five subsidiaries had a total of 340 full-time employees. Converge is now acquiring its sixth company, Essex Technology in New Jersey.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2018 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.