mCloud Technologies Corp (MCLD)

[Butte Bill]

mCloud provides update on financing activities today: “On December 6, 2022, mCloud announced it had commenced the closing process of initial proceeds from a non-brokered offering of common shares of the Company, originally announced on November 1, 2022 (the "Offering"). mCloud continues to make progress with the Offering. Given the complex requirements to close these proceeds, the Company now expects to complete this Offering around the end of February.”
The kiss of death. When govt officials have denied something several times, you “know” it’s true. When mCloud says something is Going to happen, better beware. At least Wayne hasn’t answered the phone or my emails to confirm the above.