mCloud Technologies Corp (MCLD)

[DVP25]

The company updated their Investor Presentation for the first time since August.

They finally included the 6.9M warrants from the debt conversion into the Capitalization table. One interesting thing I noticed was that despite this addition and an increase of 1.1M outstanding shares and .4M options, the fully diluted total only increased by $4.4M (rather than 6.9 + 1.1 + .4 = 8.4). The net diff of 4M is mostly attributed to the elimination of $4.1M "Escrowed M&A Incentive shares". Not sure what the deal is there ... did they expire?

Also found it noteworthy that they eliminated the slide where they calculated the positive "Operating EBITDA" on 70K assets. hmmmmm