From a business perspective they seem to have been savvy - they got support from the Government of Canada early on, they have embarked on a measured testing program, grown entirely through organic growth, seem to have given A lot of thought to commercializing the technology, have defined the target market narrowly, have (I presume) lined up manufacturing resources to scale up and are continuing to approach commercialization in a cautious, complete way, have followed a well-defined plan to obtain buyin before commercialization.
Frankly, I was impressed with their approach. mCloud’s approach has been completely different because they have bulked up the company with acquisitions but that is a valid approach. I think, as you point out, mCloud management has been less transparent and have wanted to move quickly to grow the company into a substantial business. While they want to move rapidly to a NASDAQ listing, Kontrol by contrast is willing to let the growth of the company lead naturally to a NASDAQ listing based on company performance.
Recent MCLD News
- mCloud to Delist from Nasdaq • PR Newswire (Canada) • 09/26/2023 09:00:00 PM
- mCloud to Delist from Nasdaq • PR Newswire (US) • 09/26/2023 09:00:00 PM
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