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CloudMD Software & Services Inc V.DOC

Alternate Symbol(s):  DOCRF

CloudMD Software & Services Inc. is a healthcare service provider. The Company operates through two divisions: Health and Wellness Services (HWS) and Health and Productivity Solutions (HPS). HWS operates through two models: subscription-based pricing using a price per member per month with an average contractual term of three years; and a per-case billing model at an agreed-upon rate for services that are used in disability management, occupational health, and other employer services. HPS division offers health and productivity tools intended to create a better experience for those needing healthcare. The Company’s workplace health and wellbeing solution, Kii, supports members and their families with a personalized and connected healthcare experience across mental, physical and occupational health. Kii delivers superior clinical health outcomes, consistent high engagement, and measurable ROI for payers such as employers, educational institutions, associations, governments and insurers.


TSXV:DOC - Post by User

Comment by LatAmBullon May 13, 2020 10:36am
250 Views
Post# 31021929

RE:What is happening?

RE:What is happening?Likely because that is the OTC stock and it was never halted. 

DOC remains halted since yesterday and announcement of $10 million dollar bought deal. Assuming they are just waiting to finalize that transaction (as well as a potential other transaction that could be announce concurrently) before resuming trading. 

To clear up some confusion on this board, the stock hasn't been halted twice (it is the same halt). I think upon resumption of trading share price should perform well due to increased confidence in Company's balance sheet.

This is certainly a positive reason to halt the stock - a bought deal wouldn't occur if underwriters were aware of a negative press release (and they would have their done due diligence). For Canaccord / Beacon to do a bought deal, they clearly have a somewhat high level of conviction in the Company. This is good news for stock whatever way you cut it. Also - as shareholders, we WANT the warrant holders to excercise - they would be doing so at a much higher price ($1.00) and it would mean the Company raises even more capital to execute on business plan / strategy. 

All is well! GLTA!!
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