mCloud Technologies Corp (MCLD)

[DVP25]

As we wind down 2022, let's take a minute to wrap up Mcmeekin's "Big Lie" in a neat little bow.

1. 70K assets = Positive Operating Cash Flow (or EBITDA ... wtf cares)
2. "Close to 90K assets" under signed contract (as of Nov '21)
3. "Pandemic Restrictions" the only impediment to implementation
4. Restrictions lifted "in fact everywhere" (as of March '22)
5. Tracking to 90K assets by year-end w/ "mid-thousands" to be connected in Q3 and "double-digit" thousands in Q4 (as of Aug '22)
6. Almost zero assets connected in Q3 (based on Q3 Initialization rev b/c they stopped reporting asset connections)
7. $23M Operating Cash burn 2022 YTD