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Monday, January 20, 2020 11:04:09 AM
Cloud has spent over $250k to get to the qualifying stage by the SEC. More than likely they already have a large group of investors lined up through their investment bank, broker/dealer, The Dalmore Group. Insiders can own up to 30% as well. I would expect some big numbers off the rip and this can happen any time now as the offering went live Dec 27th and they have stated that they intend to close every 30 days or less after the initial closing.
This is part of the strategy as laid out by Manhattan Street Capital's CEO Rod Turner.
The first stage is a strong initial closing, optimally 20%-30% which in this case would be 4-6 million, again this tends to be from insiders and pre arranged buyers. This does 2 things, it instills confidence in the offering itself and it has a strong effect on the common shares, even more so in this situation as dilution has pushed the pps well below a fair valuation, likely part of the strategy.
The second stage is bringing in your retail and smaller investors. This happens with the increase in the price of common shares, setting more eyes on the company and in turn attention to the preferred offering. This stage includes a strong marketing and PR campaign as well to increase visibility.
The last stage is bringing in the larger investors including institution investors who tend to be the buyers that close out the offering before the preferred shares become liquid with the creation of a separate trading symbol for the preferred shares.
Cloud has done everything right so far with this Reg A+ offering. Most importantly, IMO, was employing the services of Manhattan Street Capital. They are the #1 capital funding company for small and mid cap stocks for a reason. They know their business and their record is unparalleled.
Today's shareholders are in a position to make life changing gains with this one. What is about to happen here is far beyond your average penny play.
CLWD!!
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