mCloud Technologies Corp V.MCLD.H

Did anyone see the offering sedar filing?

[angeloet]

That looks brutal, 13 mil shares (6.25 Preffered A on convertibles + 6.25 mil warrants). Thats like the entire shares outstanding to begin with. + Paying 25% APY on the convertibles ??? Who pays 25% on onvertibles in interest ??? What the f*ck is wrong with this company ????????????? So pissed at these markets

[lscfa]

You mean SEC filing.... https://www.sec.gov/ix?doc=/Archives/edgar/data/0001756499/000119312522195701/d340371df1a.htm

[angeloet]

Thanks lscfa, was trying to find more info on the Fierra loan 13 mil $ that they defaulted on. So not only they need to pay this but they also need to pay the 23 mil $ on the convertibles ? Do I have this right ? How does this company have so much debt !! This is just so ridiculous !!!

[lscfa]

NOTE 17 – EVENTS AFTER THE REPORTING PERIOD   a) LoansandBorrowings-ChangetoTermLoan   On May 5, 2022, the Company and Fiera executed an Accommodation Agreement (the “Accommodation Agreement”) and the parties agreed that a portion of the outstanding principal amount under the term loan would be paid in addition to a prepayment penalty and accommodation fee. The Company paid a total