mCloud Technologies Corp V.MCLD.H

So, let me get this right.

[summerb37]

Oct 17, 2017, MCLD completed a reverse split of 2 to 1

Now in Dec of 2019, they want to complete another reverse split, but 10 to 1 this time.  Basically 157,xxx, xxx to 15, 7xx,xxx.  Maybe $0.4x to $4.xx per share

Also and if completed prior to the 10 – 1 reverse split, they want to turn around and dilute current share holder’s by approximately 30% with possibly an additional 47, xxx, xxx shares.  Outstanding shares: 157 current + 47 additional = 204 total approximately

Now, will the reverse split not apply to debentures offer since they are trading on the market as described?  If this is the case, it means current share holders’ portion will be diluted by approximately 300% when they come due.  Outstanding shares: 15 current and after 10/1 + 47 additional = 62 total approximately

Personally, I am not liking what I am reading.  Two reverse splits in a few years while diluting current share holders.  Maybe this is why there isn't huge inside holding and/or why insiders are not buying??????

I don’t understand the hast in up listing either.  It isn’t like stocks on the Venture never move up in price.  I personally feel it would go a lot better if there was a few quarters of positive earnings, revenue and free cash flow with a demonstrated increase rather than speculation. 

I am considering selling my shares given these announcements, but I'm still deciding.  If stock price goes up slightly,  it will make the decision a lot easier.  Dissappointed...