InterCloud Systems Inc. (ICLD)

[236T568]

well said

worth another read:

Today's 8-K filing confirms what I've been warning in regards to ICLD's likely delisting. IMO, ICLD should be delisted, and I've been consistent in my forecast. ICLD management had been issuing PR's painting a rosy picture on the company's outlook, talking up contracts, generally leaving shareholders the impression that ICLD was doing well. Given the previous rosy PR's from ICLD management...... how can management explain going from a Net Loss of approximately $19 million dollars last year, to a Net Loss of approximately $65 million in the latest 10-K filing? It's not rocket science folks. ICLD lost $46 million dollars more than they lost last year on pretty flat revenues. ICLD's business model is broken and its financial structure is fatally flawed. ICLD is a cash burn machine extraodinaire. Strong sell rating based on the huge cash burn rate. Huge Net Losses are not sustainable and you get snap, crackle, pop, bye bye.