WPCS UPDATE: Buyout Announcement Imminent?

Dec. 13, 2013 9:43 AM ETAYRO11 Comments
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Contributor Since 2013

Portfolio manager delivering alpha principally through the discovery of under-the-radar small cap names with compelling stories misunderstood/underappreciated by the market.

On Wednesday evening, WPCS announced that it would release Q2 financial results on Monday, December 16, and hold its customary conference call to discuss the results. However, last night and without explanation, the company announced it will still issue its earnings report but will postpone its teleconference. Why is this so significant? Postponing a conference call to a date uncertain, just a day after announcing it and without explanation, is HIGHLY unusual, and strongly indicative that some kind of deal is being worked out. This is especially true with respect to WPCS given the multiple reasons I cited in my previous report, including recent management commentary and investor Barry Honig's involvement. I believe we can expect news regarding a strategic transaction/"shareholder value proposition" at any moment, perhaps as soon as this weekend. Where there's smoke there's fire...

For a detailed report explaining the likelihood of a WPCS buyout, please access my report here.

Disclosure: I am long WPCS.

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.