mCloud Technologies Corp (MCLD)

[DVP25]

Yea, the debenture maturity is obviously a concern, but if you listen to the last call Mcmeekin claims to have a "term sheet" financing offer which could cover the debenture and provide growth capital for S.A. Of course, the question is "at what cost". He claims the offer to be "accretive", implying a lower rate than the existing, but who knows how much equity it might cost him. Is it really "accretive" if you shave 2% of the coupon but give away 40% of the company? Who knows what he's got cookn'. If history is any indication it will probably be highly dilutive. Recall ATB sucked warrants out of them just for expanding the credit facility by $5M last year.