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Re: rodgranite post# 782

Wednesday, 08/26/2020 9:30:53 AM

Wednesday, August 26, 2020 9:30:53 AM

Post# of 1931
"Also, there may be covenants on that debt related to their financial position that they are in danger of violating, which could result in an early call for repayment. Listen, I don't know the answer to that, nor am I pretending to. I just know that the stock is Tanking and there must be a reason behind it."

I think I was pretty clear from my previous post that I'm not aware of anything specific.

The Convertible Debentures are traded publicly on the TSXV under symbol MCLD.DB. I was encouraged to see that they bottomed on 8/11 at $70 and have since rebounded to $85. There was a big spike in volume the day of the bottom (> 400k). Here's the chart.

https://money.tmx.com/en/quote/MCLD.DB

Probably worth keeping an eye on.






Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
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