mCloud Technologies Corp (MCLD)

[DVP25]

So to recap, this F-1 started at 1M Preferred shares convertible into 5.26M common with 5.26M warrants. We are now up to 1.4M Preferred shares convertible into 35M common shares with another 35M warrants. So we've gone from 10.52M sh potential dilution to 70M. That is on a 16.1M share baseline. Just an absolute debacle. The only thing that could have made it worse would have been if they lowered the warrants to $1. Incredibly they are still at $4.75.

So prior to any warrants being exercised, they will be at the equiv of 62M common sh (including the Preferred conv and latest 11M common offering). Getting this stock back to where it was just last year at the time of the uplisting ($4.50) would require a $280M total market cap.

Mcmeekin's own holdings have been diluted to oblivion.

He has run this company into the ground.