Posted on February 1, 2021 by Scott Shuda
Trading in Protech Home Medical (PTQQF) was halted on Friday, per a news report “at the request of the company”. The Memphis-based medical device and services company is traded on the Vancouver exchange (PTQ.V) and on the American Pink Sheets (PTQQF).
The trading halt had members of the network speculating through the weekend “Is this good news? Are they being acquired? Could there be a reporting problem? But why would auditors wait until the last minute?” All this because the company was scheduled to report financial results on Friday, but instead investors got news of the trading halt.
This morning, the company’s IR firm distributed an email with the company’s 4Q and Full Year Audited results. Those results were preceded by a straight-forward paragraph of explanation.
The company’s financial results appear strong, but questions are sure to linger about the cause of Friday’s trading halt.
Disclosure: author is long shares of PTQQF and could buy or sell shares at any time.