mCloud Technologies Corp (MCLD)

[DVP25]

They will not give this stock an inch.

Anytime the stock advances even a few cents, you can rest assured there will be plenty of shares available to push it back down. The question is, who is "they". Are we dealing with a fund here that's still unwinding a large position, retailers who are throwing in the towel after the recent dilution, or is this about those converts that still have not closed?

The final tranche of the converts was "proposed" over a month ago on 3/26 and never was announced as closed. The closing price on the TSXJ that day was $2.59. We're currently at $1.70. Which means the $1.7M has gone from converting to approx 656K sh to now $1M sh. I haven't been able to find the short data for the TSXJ but the short data on the OTC seems to support the possibility of manipulation. The data only goes back 1 month, but since 5/3, 43% of the total vol traded OTC has been sold short (see link below).

Of course, this could also be completely unrelated to the converts. I guess we'll know if/when the final tranche of those converts ever closes. You have to imagine that the previous convert buyers weren't too thrilled about the subsequent dilution. If anyone has access to the TSXJ short data, please let me know.

https://otcshortreport.com/company/MCLDF/