CloudMD-Announces-Closing 8.2Million-Over-Allotment-Optionhttps://www.globenewswire.com/news-release/2021/03/12/2192136/0/en/CloudMD-Announces-Closing-of-8-2-Million-Over-Allotment-Option.html
VANCOUVER, British Columbia, March 12, 2021 (GLOBE NEWSWIRE) -- CloudMD Software & Services Inc. (TSXV: DOC, OTCQB: DOCRF, Frankfurt: 6PH) (the “Company” or “CloudMD”), a telemedicine company seeking to revolutionize the delivery of healthcare to patients, is pleased to announce that it has completed the sale of an additional 3,060,000 common shares of the Company (the “Shares”) at the price of $2.70 per Share for aggregate gross proceeds to the Company of $8,262,000. The Shares were issued pursuant to the full exercise of the over-allotment option granted to Canaccord Genuity Corp., Beacon Securities Limited and Echelon Wealth Partners Inc. on behalf of a syndicate of underwriters including Laurentian Bank Securities Inc. and Mackie Research Capital Corporation (the "Underwriters") in connection with the Company’s bought deal short form prospectus offering (the “Offering”).
The Company issued the Underwriters an additional 214,200 broker warrants (the “Broker Warrants”). Each Broker Warrant is exercisable to acquire one common share of the Company at the exercise price of $2.70 per common share for a period of 24 months from the closing date of the Offering.
It really should be free money < 2.7 avg.... all bought deals are at 2.7, and last acquisition is at the same price... Now you need to trust to the company or MacKie or/and Laurentian..
In order to move price up, we'll need stream of good news. Organic growth, metal health contracts, enterprise deal with health insurance companies.. everything buy new acquisitions.
Not sure if they closed last acquisition..I'm pretty sure they'll hold the news before they close all deals/acquisitions.