mCloud Technologies Corp (MCLD)

[DVP25]

It should come as no surprise that Maxim and ATB are the "Financial Advisors" to this new "Special Committee" formed to explore strategic alternatives for the company. These are the same two banks whose analysts have let Mcmeekin off the hook time and time again with softball questions that failed to hold Mcmeekin accountable for his preposterous guidance and targets from previous calls. It's shameful on every level.

Something else to keep an eye on are the Preferred shares (MCLDP). They haven't really budged since the announcement. Granted there is almost no volume in these shares at all, but it looks like 1700 sh traded yesterday at $25.12. That converts to a little over $1/sh in the common. Why would someone pay over $42K for those shares at that price? My only guess is that it has something to do with those funds being held in escrow so they are considered protected. No clue really.