mCloud Technologies Corp (MCLD)

[Tickbomb]

Actually I think it was not expensive money:

The ATB Facility is a demand operating line bearing interest at a floating rate equal to the prime rate per annum established by ATB from time to time for commercial loans denominated in Canadian dollars made by ATB in Canada, plus an applicable margin rate based on the senior debt to EBITDA ratio of the Company at the time of determination.

ATB is a crown bank in alberta. This is actually the first time mCloud has got bank money. They got a $13M bond at 6 some percent from some fund before, and another one from some other fund. And obviously a bunch of converts. I think we all want to stop the converts and other dilution so this is good news. Although $5 is one quarter of cash at this rate.