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Re: rodgranite post# 592

Sunday, 03/15/2020 3:45:02 PM

Sunday, March 15, 2020 3:45:02 PM

Post# of 1930
Hello, first post on board.

I'm curious as to your reasoning for why you think mCloud is "well-positioned" for this kind of environment. I understand that their revenue model of 3-yr subs should help mitigate the immediate impact to their top line, but I do have some concerns about their business model in this environment. Most notably their business ties to the oil/gas and retail sectors, both of which could suffer real long-term damage here. Not to mention the debt that the co. is currently carrying on its B/S, which hopefully does not become a problem if growth were to slow significantly.

Don't get me wrong here, I really like this company and am still long the stock. I am just a bit worried about some of the long-term effects to their core target customers here. Things were looking so bright just a few weeks ago with the pending uplisting and projected profitability in Q4 (according to CEO), both of which could potentially be delayed.
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