InterCloud Systems Inc. (ICLD)

[236T568]

Fully agree

As a result, according to ICLD's very own SEC filings, it has a big Class Action lawsuit filed against it and its management as well as a derivative lawsuit filed in June 2016.

In addition, ICLD states that the SEC opened an investigation on the company and its management and has been issuing subpoenas

by the way, the 10Q for the first quarter was filed yesterday

Haven't been on IHub much lately and when I logged in today I noticed ICLD finally filed its 10-K Annual Report and frankly I'm shocked at ICLD's Net Losses. It's my opinion that ICLD management has been engaged in a misrepresentation of ICLD's financial performance by issuing "financial PR" on March 30, 2016 (linked below) that misrepresent by highlighting revenues but omitting any mention of the massive Net Losses piling up. Shareholders have been misled. (See ICLD's PR below where management omitted mentioning the huge growing losses.)

http://ih.advfn.com/p.php?pid=nmona&article=71038313

ICLD management neglected to mention the rapidly increasing losses in its March 30 PR.....and the huge losses aren't disclosed until June 17th when ICLD's finally filed its months late 10-K, where I noticed the huge increase in Net Losses year over year. The Net Losses are growing very fast.....

2014 Net Loss = ($18,818,000)
2015 Net Loss = ($65,659,000)

It's just terrible that ICLD management intentionally omitted mentioning ICLD's huge losses in its Financial Press Release. Losses this big are not sustainable. Something is gonna snap with this broken business model run by a deceitful management team. Deception SCAM.