mCloud Technologies Corp (MCLD)

[nsj]

Incredibly frustrating. I don't think you are missing anything here, this is basically a forced conversion, similar to accelerating warrant expiry. They would not be redeemed immediately, I believe you would be given 30 days to convert, there are always the few people who do not track their holdings and do not convert and therefore lose a lot of money, like missing a warrant expiry. Somebody else please correct me if I'm wrong though. A company may do this if they feel the stock price is headed higher and want to avoid further dilution.