Did CloudMD ever announce this deal in a News Release?I don't remember ever seeing anything about the University of Manitoba switching from Telus Health to CloudMD - https://news.umanitoba.ca/new-efap-provider-kii-offers-enhancements-and-improved-mental-health-services/
I find it really odd that what could be presented as a big win for CloudMD over a larger and more prevelant rival in the digital mental health space, somehow didn't receive any sort of acknowledgement or touting by the company.
Strangely enough, the company a few weeks later, tanks it's own share price asking for a trading halt.
If this news even jumped the stock price 5-10 cents to around $0.15 - $0.20 cents / share, it makes a buyout at $0.04 cents look pretty freaking bad, right? Was this intentionally swept under the rug?
All around there have been some really shady things happening at this company. Promises of efforts towards cost-cutting, positive cash flow, new deals on the way. Things looked to be turning around but then somehow we can't even refinance our debt and the company is worth 1/6th of one of the businesses it recently purchased (VPros) ??? How does any of this make sense.
It seems like the securities commission should be investigating this company and everyone involved, how it has been managed along with the board of directors and their duty to protect the interest of shareholders.
It's one thing to lose money on a speculative investment, but this company really stinks. Either something is off here, or the management involved should never ever run another business in their lives.