Replies to post #16379 on GEX Management Inc (GXXM)

[KBPack16]

News!!!!!!!

[Ezpenny]

Won 2 contracts, “The management is committed to continue focusing on improving the balance sheet in the near term while also identifying sustainable long-term growth opportunities through strategic partnerships with established MSPs. Based on efforts related to these partnerships, we have already won 2 new consulting contracts - one with a large Pennsylvania based Investment Management firm and another with a Florida based, global technology firm focused on the travel industry; we expect more contracts and placements to follow over the coming months based on our multi-tiered sales and recruiting strategy as we continue to place quality resources towards these long term opportunities”, said Sri Vanamali.

[Ezpenny]

ACQUISITION! our Corporate Strategy team has developed a structured process to identify, review and close potential synergistic acquisition targets that will be complementary to the GEX Management Business Ecosystem

[StockRoomBully]

Difference Between Restructuring And Reorganization

Melly we have a merger buyout here. Key words

I aint saying it again... Read
We already know they didnt file for bankruptcy.. So Imo Merger is on Baby!

"Sri Vanamali, the Executive Director of GEX Management Inc. said, “As mentioned in our past announcements, GEX is in the process of restructuring and reorganizing its operational and capital infrastructure in a way that is primed to help the company build a solid foundation for growth in 2019 and beyond. “

I am very excited to work with our investors, business partners and service providers to continue the positive momentum despite past challenges and am confident of GEX achieving great long term success with this renewed strategy. We will make further announcements to our investors and shareholders as we make progress with these initiatives”.

MERGER IN COMING I AINT GONNA SAY IT AGAIN.

"A process of reorganizing a company’s ownership, legal, or operation structure for the betterment of the company or to increase its profits in the market.

It can also imply a change in the ownership, demerger, or change in the business like a buyout or a bankruptcy.

Three other terms can imply its meaning: financial restructuring, debt restructuring, and corporate restructuring.

The whole process of restructuring is based on a crucial decision of whether to reposition the company or save it by either selling a part of the company to investors or reducing services, or taking care of financial debts. To carry out this responsibility, either the company hires financial and legal advisors or a new CEO to make the decision.

"Reorganization is taking control of a bankrupt or financially unstable firm by restating its assets and liabilities. It involves discussions with creditors about repayment so that the recurrence of the financial debts is minimized.

Reorganization can also refer to the sale or merger of a company that involves a change in ownership, legal and management level changes, as well as a change in stocks. It is a court-supervised formal process that restructures a company’s finances after it faces bankruptcy. During the period when a company files for bankruptcy and the court reviews it, the company is saved from the creditors. Reorganization can also occur to take advantage of any changed tax regulations.

This brings about legal as well as corporate structural changes to the firm involved. One of the aims of reorganization is to repay creditors as much of the debt amount as possible, and also restructure the company’s management, operations, and finances keeping in mind that the same problem (of bankruptcy) does not reoccur.

http://www.globenewswire.com/news-release/2019/06/17/1869664/0/en/GEX-ANNOUNCES-STRATEGIC-INITIATIVES-AND-UPDATES.html

http://www.differencebetween.net/language/words-language/difference-between-restructuring-and-reorganization/