Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
DVP, good questions, especially, did the final offering close?
Russ is putting a ton of shares in the marketplace that will continue over the next three to four months with Canada's holding period and the time it takes to convert.
I was going back in strong at $1.30, but with all of the stock still to hit the market, IMO, we might test the annual low of $1.21.
Yes, they added someone, but I have never seen a big company person able to help a small company. Different skill set. Did they just add another Russ, or maybe this was a payback to Invest Albert.
Isn't it great this little company now has 4 Presidents?
I bid $1.20 for 80,000 late Friday, and today again at $1.20 for 100,000. Nothing, yet.
Rod:
The Board of Directors is MIA at MCLD. I wonder why the big money players are so gutless at MCLD? "To continue to do things the same way and expect different results is the definition of insanity." Einstein. Fire him or get him some help.
Prime
Monday I'll bid $1.20 for 100,000 shares. I'm betting an investor will want a little money back and ride the warrant. Prime
Hank:
Russ has to be addicted to raising money the way he pisses through it. No accountability.
Prime
Flynn: Very sorry, as you are obviously a real poster. No class or expertise with Russ or CFO. IMO Prime
Hi, Hank:
I do not know, money, stock, warrants? I invest in CEO's, and Russ needs help. Califormia guy is retired. Glad I passed on the Ohio guy with PRED. A little guidance from Connecticut or Texas, they would have online traders on day one, make money, and investors would get rich. So dumb. All IMO. Prime
DVP - Thank you for your insight (again). They invested above market, hence they wanted the warrants. I'm older so you guys working the numbers is great. Prime
Just received this. You guys see it?
Today I said I'd go back in without any more raises, so Russ raises more money.....what? Is he an addict? Can no one stop Russ? Can someone throw Russ off of the bus? Prime
MCLDF
-2.11%
/NOT FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR FOR ??DISSEMINATION IN THE UNITED STATES/
VANCOUVER, BC, April 20, 2021 /CNW/ - mCloud Technologies Corp. (TSX-V: MCLD) (OTCQB: MCLDF) ("mCloud" or the "Company"), a leading provider of asset management solutions combining IoT, cloud computing, artificial intelligence ("AI") and analytics, ") is pleased to announce that it intends to complete a non-brokered offering of up to 300,000 units of the Company (the "Units") at a price of $2.10 per Unit for gross proceeds of up to $630,000 (the "Offering"). Each Unit consists of one common share (a "Unit Share") and one common share purchase warrant of the Company (each common share purchase warrant, a "Warrant"). Each Warrant will entitle the holder thereof to acquire one Common Share ("Warrant Share") at an exercise price of $2.85 per Warrant Share at any time prior to 5:00 p.m. (Mountain Standard Time) on April 15, 2024
DVP, I think you are right, again. They'll get to 70k, but will it bring positive cashflow. I'll go back in if they don't need another funding. We should know with Q1 numbers.
Any reason to starting Russ with so many past failures, and lack of operational expertise? Just a question. Prime
DVP: Yes, my point was how they had raised 6.9mm to fund through Q2 2021/profitability without warrants.
IMO, Russ needed money so bad, he changed the deal.
Has Russ stated this $14mm will pay for all of his mistakes and get mcldf to positive cashflow, or will they need more money, again? Good luck. Prime
Rod: We all make mistakes. I look at who is in charge, and if they can follow through. Continued financing is rarely good. IMO. Prime
Has McK's toxic fundraising with a warrant stopped all posting here? Last money in got no warrants, so why now? Bet those guys are hot.
Was going back in at $1.50, but not with the warrant. All IMO. Prime
DVP was correct not to believe McK when he said the Q4 "Fees" would drop, and Rod hit a bullseye when he said McK is FOS.
Even paying Andrews to push the stock there's no volume. mcldf needs a gamechanger if anyone wants to sell, especially these checkwriters with stock mounting in their short hold period (Canadian) accounts.
They will keep McK, so get him help. OTC is a small world and there a people that can turn bankruptcy ready turds into profitable companies that are truly NASDAQ ready. 15 years ago, another IHUBBER was a vendor for a turnaround guy down in Houston, so I invest where he goes and am 4 for 4, getting out of the last one a year ago. First company I got in at .19, and IHUBBER who pushed me was in at .04. Our lowest sale price was $1.50 in less than 2 years.
All IMO. Good luck. Prime
Thank you for that clarification!
I looked them up. Makes me a bit uneasy when it says "Team", and no names or pictures are listed.
To their credit, they have been able to raise millions of dollars to keep mcldf doors open in the hopes of profitability in 2021.
Good luck to all. Prime
DVP - CC said breakeven end of Q2 2021. I agree with Acan's concerns about dilution. Who knows how many shares will be out after all of the new money is in to keep the doors open. https://www.rcafinancialpartners.com/# Website lists mCloud and something called Dario, that's it.
IMO, typical bankers for a little company. Raise money, think they can run a company, then sell their discounted stock after a couple of months (Canada). Meanwhile, regular investors get diluted, and the bankers get rich.
For the last time, bring in some REAL operational guidance. Why not, Bankers ego's!
Prime
I'm not on the call, but trying to forward info from my phone. Here is a link.
The conference call will be archived for replay by telephone until Tuesday, March 30, 2021 at midnight (ET). To access the archived conference call, dial 1-855-859-2056 and enter the reservation number 2256507.
A live audio webcast of the conference call will be available at: https://bit.ly/2OhQdbj.
Hope this helps. I have not gotten back into mcldf. Prime
2020 Review online right now.
Title: mCloud Technologies – Fourth Quarter 2020 Earnings Call
Date: 03/23/2021
Time: 05:30 PM EDT
Use the link below to enter the webcast.
https://produceredition.webcasts.com/starthere.jsp?ei=1431962&tp_key=959c77052c
Thank you and enjoy the webcast!
WestCoast, thank you for the update. I had not seen it before my post.
VANCOUVER, BC, Sept. 8, 2020. mCloud Technologies Corp. today announced that it has entered into an agreement with RCA Financial Partners, Inc. to provide investor relations services to the Company, with Wayne Andrews of RCA acting as the authorized individual. Andrews is not on their website. IMO, Andrews must be a smooth talker to get investors to pour millions into mCloud. rcafinancialservices.com/management.php
IMO, $6.1M raised might get them another 30 days. They were out of money around the end of November and haven't changed.
Maybe the the board of directors and big money investors are happy with management.
Prime
Hi, Hank.
I thinks it's OK for anyone to be a Nervous Nellie with current managements inability to cut losses of $7M per Quarter, and having to "move money forward".
Congrats to MCLDF for raising almost $5M to keep their doors open. I feel another funding announcement close at hand. It might be why the stock has risen. I hope those pockets are deep enough to cover managements incompetence. Still on the sidelines here.
Good luck! Prime
FYI - Making sure you folks know of the virtual shareholder meeting in an hour for MCLDF, 10am Scottsdale, AZ.
You can sign in as a guest, if you lost your login number.
https://east.virtualshareholdermeeting.com/vsm/web?pvskey=MCLD2020
Prime
Hammer:
No, not at $1.50.
Just to repeat, no stock holding period for new money is not good, and management not able to meet a budget, IMO, says more money will be needed and more stock will again hit the market.
90 day volume of 34,000 around $1.50 is $50,000/ day, so minimal action.
If there are yearend dumpers, maybe a buck ten offer for 100,000 shares would hit for us who like their tech.
Good luck!
Prime
Rod:
Agree on the discretion, that's why I listed "Yahoo board". No other backup info here.
Hope kanepi has cash to operate, and not relying on mCloud. Guessing the $5M cash and $7M in stock went to investors, not operations.
Good luck to all.
Prime
DVP:
IMO, insider buying was just done with $2.8M raise. If Yahoo board is right with missed payrolls, new money might soon be gone.
Hate to be a kanepi employee when they hear their new bosses need cash for payroll.
Prime
DVP:
Impressive, detailed questions!
Must be deep pockets out there to put up with a loss carryforward of almost $80M. Maybe a $10M or $50M loss is no big deal to them, but I'd be hot.
Prime
Stock at $1.74 on 10/3. I was a buyer at $1.50, which some disagreed with. After CC, I pulled my order and sold balance of shares at a loss. Not happy. I'll look again at $1.00 because of a good product.
IMO:
Money is gone. Another expensive dilution and then stock price drop is coming.
Operationally, Current Management has only shown incompetence.
Where is the Board, where is the help?
Prime
I wanted to see if any of you knew about the call. I was not invited, but was informed of a call. Do not know any more than that.
Just got this emailed to me, meeting on.
Join Zoom Meeting
https://mcloudcorp.zoom.us/j/6752976332
DVP & HH:
Is there a call this morning in 15 minutes?
Prime
My reentry point was in the $1.50's, which some thought was low, but after their call, I pulled my order for 50,000 at $1.51.
As already stated, my main concern is their cash burn rate, and now having to pull it forward "can" mean they don't have it under control. Factoring receivables is ok if you are paying for growth, but IMO, that is not happening here.
Good luck to all. All in IMO. Prime
DVP:
I stated my current position is underwater, and my reentry point is in the $1.50's. Of course, I don't have any stock in the $1.50's. Some here stated we wouldn't even see these levels again. Time will tell with management, but their burn rate and new cash management plan concerns me. All IMO. Good luck. Prime
HH:
I sold the majority of my shares in the mid $2, but still own some underwater shares.
On 10/3, I said my entry point is in the $1.50's. Depending on the conference call, that is still my spot.
IMO, I believe in the tech, but not the direction. If customers pay 50% down, then Moving forward revenue is fine, but the thought of possible factoring screams their burn rate is too high, and they could be short of operating cash in 90 days.
Many times, people from large companies/big resumes/finance backgrounds don't succeed when trying to operate a small company like mCLoud, as it requires an entirely different skillset, IMO.
IMO, this can be fixed, but only with proper guidance, and I know the person to do it from the outside. Maybe the monetary backers will have the insight to see this. Regards, Prime
Hi, Rod:
Sorry for the delayed response. Agreed Market Cap will be the main issue.
Yes, spot on guidelines. $3 can be used, but I believe with profitablity shown during the prior prior 18 months, or $5 is the number. (Always a way around most things.) Regards, Prime
HH: $1.50's.
Yes, it is a complicated process, but having done it, there are 5 major hurdles that need to be cleared. IMO, the most difficult one is the $75mm Market Cap. Thanks!
Hi rodgranite. New here, but have been watching for an entry point.
IMO, MCLDF's stated desire to up list will be difficult with NASDAQ's 5 requirements, starting with the needed $75mm market cap, or a price/share of $5.23 with 24.8mm shares out.
IMO, Mgmt's choice of acquisition funding through RJ, $11.5mm raise at $2.65 + W's, all-in is less than half the price needed for MCap requirements is questionable, at best, and Management should have known better with RJ's history.
IMO, I hope Insiders (long term holders) will increase their investment, as another outside raise will be expensive with required market pricing and dilution.
Thank you for monitoring this site!
Hi, Techno. We you following DPDW years ago like I was? Thanks, Prime
Nice find! IMO when they dumped Tom, it confirmed that this stock is done. I met him 18 months ago, liked him and I'm sure he tried his best.
But wait, NOW we have the author of AVATAR, the owner of 2 restaurants who wasn't able to come up with his own original name, Bellagio...oh, sorry, it's Bellaggio (and being sued for it) as your new CEO. Can you say "slick and greasy"?
I told you he was getting the 86mm out of 90mm shares that were available....just wait to see what he does for you now as CEO!
Thank you for letting me get in and out of this stock, twice.
Sun, my DD (Malik getting 86mm shares) told me to sell all of my shares, and I'm very happy I did...all above .22.