mCloud Technologies Corp (MCLD)

[Prime39]

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!