Replies to post #1729 on mCloud Technologies Corp (MCLD)

[Tickbomb]

Maybe they cut the cash burn too... almost half of the burn is professional fees. like 6.7M!

[DVP25]

It's not even possible to model this stuff anymore. I have a whole spreadsheet that I can punch in the est monthly asset numbers and get the revenue numbers, but that went out the window when we discovered that "paused" assets could generate zero revenue and then blew up again with the Agnity adj's. Add back in the Agnity adj's and the recurring revenue still is lower than it was last year despite more assets. My model is useless. I started laughing when McMeekin told the analyst last call "I don't know what's in your model" when trying to explain how to adjust for Agnity. Like it mattered what he had in his model before. Whatever he had is f*cking useless when you can randomly just stop recognizing revenue on assets.