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InterCloud Systems Inc. (ICLD)

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Last Post: 12/16/2017 4:01:30 AM - Followers: 593 - Board type: Free - Posts Today: 2

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IPC-NY division was sold off to Edge Communications of Plano, TX.

IPC-NY is the holder of the below "KEY VENDOR PARTNERSHIPS & EXPERTISE"
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Purchase Agreement (BIG MONEY paid for IPC-NY assett!!!!!)

 

In November 2017 the Company determined it was in its best interest to discontinue certain aspects of the IPC business. On November 6, 2017, the Company began that process to discontinue the business and entered into an agreement with Edge Communications Solutions LLC ( “Edge”) pursuant to which the Company assigned certain of the assets and liabilities related to its IPC subsidiary. Assets assigned to Edge consisted of certain accounts receivable totaling approximately $434, prepaid labor and prepaid expenses totaling approximately $53, and net fixed assets totaling approximately $66. Liabilities assigned to Edge consisted of progress billings and deferred revenue totaling approximately $236 and accounts payable totaling approximately $278. Edge also assumed certain open maintenance contracts. As consideration for the agreement, the Company received a working capital adjustment of $500 in cash on November 6, 2017. IPC has maintained all of its reseller agreements.

 

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Image result for intercloud systems

 

" Continued Outlook for 2017  

InterCloud continues to maintain profitable relationships with some of the world’s largest businesses including, AT&T, Verizon and Ericsson, to name a few. Recently we announced the launch of two new products: “X-Barrier”, part of InterCloud’s suite of network management and automation products for Next-Gen Software Defined Networks (SDN) and traditional network environments. These products target the network security vulnerability of the Healthcare enterprises. “NFVgrid SD-WAN” provides automated cloud-based provisioning and management of Customer Premises Equipment (CPE) and Virtual CPE (vCPE), through personnel-less data center locations.

♦ These new products are on the cutting edge of SDN technology. ♦ 

As we move forward in 2017, we will attempt to bring these new products to market with strong profit margins associated with them. There is tremendous value in InterCloud that is currently unrealized. We anticipate our stronger balance sheet, continued product expansion and strong partnerships will produce improved shareholder value. " 


ICLD management, by determining what is in the best interest for the Company and it's Shareholders, has streamlined it's business model and eliminated much of their debt with more negotiations underway to eliminate the remaining amount. As the old saying goes, the proof is in the pudding. Major inroads have been made during 2017 and the most recent numbers show just that. The company has stated that the underlying fundamentals remain strong and that it expects it's balance sheet to continue improving heading into 2018 and beyond as debt is reduced and contracts continue to be secured.




===========================================================================================
The CFO at Tekmark is on the ICLD board
============================================================================================

On credit hold with following distributors-
Westcon
Catalyst
Jenne
,,,etc....

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 Most recent ICLD company update. OLDER financial information OBSOLETE.

InterCloud Systems Eliminates over $15 Million of Subordinated Convertible Debt and Accrued Interest 

in Debt to Equity Exchange. 


OTC Disclosure & News Service 

-  

SHREWSBURY, N.J., Nov. 17, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (OTC:ICLD) (“InterCloud” or "Company") announced today that it entered into an Exchange Agreement (the "Agreement") with the holders of certain term notes issued by the Company, exchanging the debt for preferred equity.  


Pursuant to the Agreement with these subordinated convertible note holders, the Company exchanged over $10.4 million of Convertible Debt and eliminated over $4.7 million of accrued interest in exchange for approximately $15.1 million of Preferred Equity. The Preferred Equity may be exchanged for Common Stock over a five (5) year period. The Company is also negotiating with other convertible noteholders to exchange their debt into preferred equity.  

The effect of the Agreement is to eliminate all debt service and interest accrual on the debt and create $15.1 Million of new Shareholder Equity in the process. The Exchange immediately increased the Company’s common book value per share. Full details of the impact on the Company’s financials will be discussed in the Company’s regularly scheduled quarterly earnings release.  

InterCloud Systems CEO, Mark Munro stated, “This is our first step in creating new shareholder equity as we push forward with our plans to eliminate costly subordinated debt and interest accruals. Our goal is to continue to restructure all debt and create an entity with no debt. We can then focus on rebuilding shareholder value through revenue growth and profitability. This was a major step in the right direction.” 
  

Based on the PRs linked below and most recent 10q, the remaning debt is ONLY about $15M.

The company is working diligently to reduce the remanining convertible debt.

These PRs indicate the remaining debt has been reduced substantially during Q4.

https://ir.intercloudsys.com/press-releases/detail/910/intercloud-systems-eliminates-over-15-million-of  

https://ir.intercloudsys.com/press-releases/detail/908/intercloud-eliminates-over-7-2-million-of-subordinate 
  

⇒Additional recent updates. 


InterCloud Systems Reports Third Quarter 2017 Results

InterCloud Eliminates over $7.2 Million of Subordinate Convertible Debt and accrued interest in Debt to Equity Exchange

InterCloud Systems Awarded Over $1.2 Million in New Contracts and Purchase Order
 

 

 



Image result for intercloud systems


Image result for intercloud systems

ICLD Intercloud Systems Investment Presentation
https://www.youtube.com/watch?v=FMhFLlvIRpo  


Call the TA for accurate current O/S as it changes frequently.


********************************************************************************************


Company is under $32 million debt  , and  $31 million net loss ( and counting ) ,  recently did 1/4 Reverse Split and after that increased  A/S to 1 BILLION!!! shrs  ,  horrible financial conditions and balance sheet , heavy convertible debt dumping has been in progress  ,  BUYER BEWARE

$60million in liabilities,  1 Billion A/S is about to get maxed out already and won't be enough. So, they need to do another Reverse Split or increase the A/S to 2-5 BILLION 

Company lost  -$12 mil.  just this 2nd Qtr.  alone! and -$5.5mil. in 3rd Qtr. and -$31million since January ( losing average $3.5 mil. every month ) , these are net-loses


https://ih.advfn.com/p.php?pid=nmona&article=75447424

http://investorshub.advfn.com/boards/read_msg.aspx?message_id=133369755

http://ir.intercloudsys.com/all-sec-filings/content/0001213900-17-005061/f10q0317_intercloudsystem.htm

https://ih.advfn.com/p.php?pid=nmona&article=76094327
 

Valuation Measures

Market Cap

 2.4M

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Financial Highlights

Fiscal Year

 

 

Most Recent Quarter

 

Profitability

Profit Margin

-58.97%

Operating Margin

-21.61%

Management Effectiveness

Return on Assets (ttm)

-13.29%

 

 

Income Statement

 

 

 

 

 

 

 

 

 

 

Net Loss

-31.6 M

 

 

 

 

Balance Sheet

Total Cash

827k

 

 

Total Debt

37 M

 

 

 

 

Book Value Per Share

-0.30

Cash Flow Statement

Operating Cash Flow

-1.9M

Levered Free Cash Flow

-2.89M

Trading Information

Stock Price History

 

 

52-Week Change

-98.56%

 

 

52 Week High

 0.3960

52 Week Low

 0.0030

50-Day Moving Average

 0.0066

200-Day Moving Average

 0.0418

Share Statistics

Avg Vol (3 month)

18.24M

Avg Vol (10 day)

41.90M

Shares Outstanding

726M

Authorized Shares

1BIL

 

 

 

 

 

 

 

 

 

 

 

 

Dividends & Splits

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Last Reverse Split

1/4

Last Reverse Split Date

Jul 12, 2017

 

********************************************************************************************
 

The company has done a tremendous amount of hard work in the last 12 to 15 months with a massive restructuring and realignment effort.

 

They have drastically reduced their debt, operating expenses, salary and wage expenses, SG & A expenses, sold off non-core assets that were not highly profitable. The level of debt now is the lowest since 2013 according to the company and the restructuring and realignment effort has been a huge success with the massive deleveraging of the balance sheet. 

 

The company has communicated that they intend on renegotiating terms on the convertibles due in October long before the maturity date and they intend on eliminating toxic debt via renegotiation of terms and raising money through conventional traditional loans.

 

The company has gone through this massive effort because they're committed according to the CEO to becoming cash flow positive and profitable and eventually getting listed back onto the NASDAQ. 

 

The company has stated that while the share price has declined recently because of selling pressure from existing aggressive note holders, that the fundamental underlying business has not been impacted and contracts continue to come in. Historically the second two quarters have always out performed the first two quarters of the calendar year in this business.


Most recent Q2 earnings report ending June 30th

 

 

 

For the three months ended

 

 

June 30,

 

 

2017

 

 

 

2016

 

Revenues

$

8,121

 

 

 

$

22,594

 

Gross Profit

1,628

 

 

 

5,219

 

Operating Expenses

5,533

 

 

 

9,537

 

Loss from Operations

 

(3,905

)

 

 

 

(4,318

)

Other expense, net

 

(8,292

)

 

 

 

(7,763

)

Net loss before income taxes

 

(12,197

)

 

 

 

(12,081

)

Provision (benefit) for income taxes

 

(119

)

 

 

56

 

Income (loss) from continuing operations

 

(12,078

)

 

 

 

(12,137

)

Loss from discontinued operations, net of taxes

--

 

 

 

 

(1,198

)

Net income (loss) attributable to non-controlling interest

121

 

 

 

 

(81

)

Net loss attributable to InterCloud Systems, Inc. common stockholders

$

(11,957

)

 

 

$

(13,416

)

Basic income (loss) per share from continuing operations, basic and diluted

$

(0.10

)

 

 

$

(0.39

)

Income per share, from discontinued operations, basic and diluted

$

--

 

 

 

$

(0.04

)

Net loss per share

$

(0.10

)

 

 

$

(0.43

)

 

 

InterCloud Systems Inc.
Building 1, Suite 104
Red Bank, NJ.
Email: L.Sands@intercloudsys.com
Phone: 561-988-1988

Website: http://www.intercloudsys.com

Company Officers:
Mark Munro CEO
Lawrence Sands Senior VP

 

.
 

Shares Outstanding:

March 27th 2017: 488,849,090 

 

Float:

low

Authorized Shares:

500 mil


Latest Report
CIK 0001128725
Fiscal Year End 12/31

Business Description

We are a global single-source provider of value-added services for both corporate enterprises and service providers. We offer cloud and managed services, professional consulting services and voice, data and optical solutions to assist our customers in meeting their changing technology demands. Our cloud solutions offer enterprise and service-provider customers the opportunity to adopt an operational expense model by outsourcing to us rather than the capital expense model that has dominated in recent decades in information technology (IT) infrastructure management. Our professional services groups offer a broad range of solutions, including application development teams, analytics, project management, program management, telecom network management and field services. Our engineering, design, installation and maintenance services support the build-out and operation of some of the most advanced enterprise, fiber optic, Ethernet and wireless networks.

 

 

 

Overview

InterCloud Systems, Inc. is a publicly traded holding company (OTCQB: ICLD). The InterCloud Group of companies are providers of specialty services for the construction and maintenance of facilities-based communications systems in the United States. These services include engineering construction, maintenance and installation services to telecommunications providers, underground facility locating services to various utilities including telecommunications providers, and other construction and maintenance to electric and gas utilities and others. We also provide turn-key telecommunications infrastructure solutions. Our “one-stop” capabilities include project development, procurement, design, engineering, construction management, and on-going maintenance and operation services for telecommunications networks and cable providers.

The InterCloud Group of companies continue to provide their services and expertise in the infrastructure service market on a national basis. Communication and its infrastructure is continuously evolving and InterCloud is keeping pace with that evolution. Our engineering, design, construction, and maintenance services support the nation’s most advanced fiber optic, copper, wireless, and satellite networks.

Our operations experience has given us a deep and comprehensive understanding of the markets we serve, as well as the ability to effectively manage people, projects and equipment. It allows us to proactively identify challenges, avoid pitfalls, and overcome obstacles, and to accurately set and meet expectations for our clients’ schedule and budget.

Our continuously growing team of expert subsidiary companies complements who we are and empowers us to do all we do.


Current Customers:
ICLD has established relationships with many leading wireless and wireline telecommunications providers, cable broadband MSOs, OEMs and others, and over 30 master service agreements with service providers and OEMs. Their current customers include Ericsson Inc., Verizon Communications Inc., Alcatel-Lucent USA Inc., Century Link, Inc., AT&T Inc. and Hotwire Communications. These relationships position ICLD to take advantage of United States and international market opportunities.


Press Releases:
http://ir.intercloudsys.com/press-releases

Investors presentation:
http://content.stockpr.com/intercloudsystems/db/184/316/pdf/InterCloud+Investor+Presentation+v23.pdf


 

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ICLD News: Proxy Statement - Other Information (preliminary) (pre 14c) 12/06/2017 04:10:32 PM
ICLD News: Amarantus Subsidiary Elto Pharma Receives Notice of Allowance for European Patent Application Covering Method of Treating... 12/05/2017 07:45:00 AM
ICLD News: Amended Current Report Filing (8-k/a) 11/14/2017 04:09:32 PM
ICLD News: Quarterly Report (10-q) 11/14/2017 03:41:30 PM
ICLD News: Securities Registration Statement (s-1/a) 11/06/2017 06:04:22 AM
PostSubject
#48105  Sticky Note BANKRUPTCY off the table. CLEARLY STATED per co. PR GREGG THE GREEK 12/07/17 10:17:42 PM
#47929  Sticky Note CONGRATULATIONS!!! Ray Charles, Stevie Wonder AND George Shearing SHLOMO HERBIVOWITZ 12/07/17 06:36:49 AM
#46543  Sticky Note InterCloud Systems Eliminates over $15 Million of Subordinated Pellinator 11/17/17 08:04:50 AM
#40115  Sticky Note BANKRUPTCY is not off the table munimi 08/14/17 04:57:18 PM
#38794  Sticky Note The only topic to be discussed here is ICLDD IH Dan (Retired) 08/02/17 11:13:51 AM
#38052  Sticky Note Honestly this won't get big long investors until CoinPadawan 07/26/17 06:23:19 PM
#48997   Usually no T's on Friday Schwifty 12/16/17 02:06:10 AM
#48996   Dilution isn't over. T trades will resume why_meil 12/15/17 11:56:23 PM
#48995   Last day of dilution no T trade or 90op 12/15/17 11:22:56 PM
#48994   I agree ICLD IAMMINDFULL 12/15/17 10:55:21 PM
#48993   Oy Vey Beano1969 12/15/17 08:56:03 PM
#48992   I don’t get it ?? Xylan 12/15/17 08:43:51 PM
#48991   My Dr. said to limit my salt intake... Beano1969 12/15/17 08:38:58 PM
#48990   and also for your predictions...just opinions to be DaveFoo 12/15/17 08:15:04 PM
#48988   Those who bought at .015 should make some DaveFoo 12/15/17 07:51:07 PM
#48987   And that's your opinion.... glad we can share Pellinator 12/15/17 07:41:19 PM
#48986   Right on bud, we will have our moment Golf4Food 12/15/17 07:39:52 PM
#48985   Party hasn't even started yet. Wait till we Orko 12/15/17 07:36:05 PM
#48984   Same here - got some 38s today. Nice! DaveFoo 12/15/17 07:35:59 PM
#48983   Cool, so were running to 1$ Golf4Food 12/15/17 07:29:17 PM
#48981   If you can't see the tremendous upside potential Pellinator 12/15/17 07:22:40 PM
#48975   See the trades at the end of the day.... Games.... Mo Pellinator 12/15/17 06:52:41 PM
#48974   You do know how much debt they have Pellinator 12/15/17 06:49:50 PM
#48973   Hit 50% retracement today after touching low/high of The_Janitor 12/15/17 06:39:19 PM
#48972   Sorry I got ahead of myself. LOL, was Ecomike 12/15/17 06:15:49 PM
#48971   Yes, patience ICLD IAMMINDFULL 12/15/17 05:36:04 PM
#48970   I agree ICLD IAMMINDFULL 12/15/17 05:35:26 PM
#48969   .015 not .15. Still better than here. repoman 12/15/17 05:31:49 PM
#48968   Munro's Entrapment City munimi 12/15/17 04:10:54 PM
#48967   Anyone speak to IR today? joyce123 12/15/17 04:05:52 PM
#48966   No it doesnt. .. Patience we are almost maxed out.. Mo Pellinator 12/15/17 04:05:30 PM
#48965   Broke .004 support hope this does not have joyce123 12/15/17 03:56:02 PM
#48964   Weekened coming up also bulls always pull back... Pellinator 12/15/17 03:50:31 PM
#48963   But why did it break through?? joyce123 12/15/17 03:50:03 PM
#48962   Broke through consolidation pennant on the downside, but The_Janitor 12/15/17 03:42:55 PM
#48961   what a horrible day! Thought at least volume joyce123 12/15/17 03:25:55 PM
#48960   Bought a little bit more at a lower reb329 12/15/17 02:30:57 PM
#48959   uexpected boring day IMO! joyce123 12/15/17 02:16:39 PM
#48958   Wow! Great news!!! Thanks for sharing :))))) Jessmess 12/15/17 01:04:15 PM
#48957   Great post - agreed! AKsquared 12/15/17 01:00:57 PM
#48956   patience prevails IAMMINDFULL 12/15/17 12:56:54 PM
#48955   Wish he would let this go already. joyce123 12/15/17 12:55:09 PM
#48954   excellent post, makes sense, I agree IAMMINDFULL 12/15/17 12:46:04 PM
#48953   If Munro is as smart as I believe DaveFoo 12/15/17 12:41:27 PM
#48952   sweet Go ICLD!!! IAMMINDFULL 12/15/17 12:28:40 PM
#48951   Well folks, I was right, the company that Ecomike 12/15/17 12:20:21 PM
#48950   Lol yep Orko 12/15/17 12:14:48 PM
#48948   No sellers on L2. Tick Tick Tick ... Boom! DaveFoo 12/15/17 11:59:02 AM
#48947   we all knew this day would come. Perhaps IAMMINDFULL 12/15/17 11:50:03 AM
#48946   MMs having trouble finding shares to trade amongst DaveFoo 12/15/17 11:47:44 AM
#48945   blow baby blow IAMMINDFULL 12/15/17 11:43:12 AM
#48944   L2 looks like it's ready to blow up. DaveFoo 12/15/17 11:40:17 AM
#48943   yes, it sure is IAMMINDFULL 12/15/17 10:39:50 AM
#48941   The strong support here in the 3s is mr_freemoney 12/15/17 10:26:14 AM
#48940   Maybe this is the final Friday Dump! Dilute...Dilute...Dilute! Schwifty 12/15/17 10:24:13 AM
#48939   Volume going crazy. Maybe I'll add more Schwifty 12/15/17 10:22:13 AM
PostSubject