When these acquisitions are coming in at over 100% premiums to where things are being traded it shows how absurdly cheap these micro cap tech stocks are. There are many growing revenue, cashflow is decent, with long growth runways and sentiment has just been so bad the trading volumes have dried up and small desperate sellers have pushed the prices down. (IIRC PYG also got taken over a while back with a 100% premium)
I thought PTG had a good long term future and wanted to hold for years to see it pan out. 60 cents seems a steal- but given the market conditions it means it does give an opportunity to take my capital and put it into other similar companies trading at giveaway prices.
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