SEC Comment Letter for CareCloud, Inc. (CCLD, CCLDO) (CIK 0001582982) (CCLD) — Jun 12, 2017
CareCloud, Inc. (CCLD, CCLDO) (CIK 0001582982)
Date: June 12, 2017 · CIK: 0001582982 · Accession: 0000000000-17-020412
AI Filing Summary & Sentiment
File numbers found in text: 333-214863
Letter
Mail Stop 4561 June 12, 2017 Mahmud Haq Chief Executive Officer Medical Transcription Billing, Corp. 7 Clyde Road Somerset, New Jersey 08873
Re: Medical Transcription Billing, Corp. Amendment No. 2 to Registration Statement on Form S-1 Filed June 2, 2017 File No. 333-214863
Dear Mr. Haq :
We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.
Please respond to this letter by amending your registration statement and providing the requested information . If you do not believe our comments apply to your facts and circumstances or do no t believe an amendment is appropriate, please tell us why in your response.
After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments.
General
1. Informat ion provided throughout the prospectus assumes that you will receive the full offering proceeds, net placement agent fees and expenses . Given that this is a “best - efforts” offering, p lease revise the prospectus, including the cover page, prospectus summar y, use of proceeds and capitalization sections , to show the impact of receiving proceeds at varying levels, such as 25%, 50%, 75% and 100% of the shares being sold.
Incorporation by Reference, page 53
2. Please file a consent from Montgomery Coscia Greilich LLP to incorporate by reference the report with respect to the consolidated financial statements of MediGain, LLC and subsidiaries included in the Form 8 -K filed on December 1, 2016 .
Mahmud Haq Medical Transcription Billing, Corp. June 12, 2017 Page 2
Please contact Ji Shin, Attorney -Advisor, at (202) 551 -3579 or me at (2 02) 551 -3453 with any questions.
Sincerely,
/s/ Jan Woo
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Mail Stop 4561 June 12, 2017 Mahmud Haq Chief Executive Officer Medical Transcription Billing, Corp. 7 Clyde Road Somerset, New Jersey 08873 Re: Medical Transcription Billing, Corp. Amendment No. 2 to Registration Statement on Form S-1 Filed June 2, 2017 File No. 333-214863 Dear Mr. Haq : We have reviewed your amended registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information . If you do not believe our comments apply to your facts and circumstances or do no t believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. General 1. Informat ion provided throughout the prospectus assumes that you will receive the full offering proceeds, net placement agent fees and expenses . Given that this is a “best - efforts” offering, p lease revise the prospectus, including the cover page, prospectus summar y, use of proceeds and capitalization sections , to show the impact of receiving proceeds at varying levels, such as 25%, 50%, 75% and 100% of the shares being sold. Incorporation by Reference, page 53 2. Please file a consent from Montgomery Coscia Greilich LLP to incorporate by reference the report with respect to the consolidated financial statements of MediGain, LLC and subsidiaries included in the Form 8 -K filed on December 1, 2016 . Mahmud Haq Medical Transcription Billing, Corp. June 12, 2017 Page 2 Please contact Ji Shin, Attorney -Advisor, at (202) 551 -3579 or me at (2 02) 551 -3453 with any questions. Sincerely, /s/ Jan Woo Jan Woo Legal Branch Chief Office of Information Technologies and Services cc: David S. Song , Esq. Mazzeo Song P.C.