Turnium Technology Group Inc. (V:TTGI)
Business Focus: Programming Software & Testing Tools
Insider Filings
Latest 10 SEDI filings for TTGI within the last 6 months
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Company News
Mar 06, 2024 08:40 ET
Turnium Announces Shares for Debt Transaction, Promissory Notes and Grant of Options
Vancouver, Canada--(Newsfile Corp. - March 6, 2024) - Turnium Technology Group Inc. (TSXV: TTGI) (FSE: E48) ("Turnium" or the "Company"), is pleased to announce that it will enter into debt settlement agreements to settle outstanding debt in the amounts of approximately C$600,000 (the "Debt") owing to certain directors and arm's-length creditors of the Company, by issuing 8,567,857 common shares in the capital of the Company (the "Common Shares") at a deemed price of C$0.07 per Common Share (the "Shares-for-Debt Transaction"), to the creditors. The Board of Directors has determined that it is in the best interests of the Company to settle the outstanding Debt by the issuance of Common Shares in order to preserve the Company's cash for ongoing operations.
Feb 29, 2024 19:10 ET
CORRECTION FROM SOURCE: Turnium Technology Group Inc. Reports Growth in Fiscal Q1 2024 Financial Results
This release provides the corrected name for Claratti in the second paragraph
Valuation Ratios
Industry
Sector
Beta
N/A
--
--
Price to Sales - TTM
2.10
2.10
4.43
Price to Book - most recent quarter
--
--
2.52
Price to Cash Flow per share - TTM
--
--
10.38
Price to Free Cash Flow per share - TTM
--
--
24.81
Short Report
| Date | Number of Shares Shorted | Net Change |
|---|---|---|
| Mar 31, 2024 | 50,486 | -939 |
| Mar 15, 2024 | 51,425 | 49,513 |
| Feb 29, 2024 | 1,912 | 0 |
Business Summary
| Sector: Technology | Industry: Software |
Turnium Technology Group Inc. is a Canada-based company. The Company delivers software-defined wide area networking (SD-WAN) solutions as a white label, containerized, disaggregated software platform that OEM channel partners host, manage, brand, and price, and as a managed cloud-native service. Turnium SD-WAN is available through a channel partner program designed for telecommunications service providers, Internet and managed service providers, system integrators, and value-added resellers. In addition, the Company delivers services through a wholly owned subsidiary, Tenacious Networks Inc. (TNET), which provides channel partners with professional services, as well as end-customer businesses with information technology (IT) services and support services including managed desktop, hosted voice and computer hardware, network, and security sales. The Company hosts and delivers its managed service from its own data centers in Vancouver, Calgary, Toronto, New York, and Los Angeles.
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