InterCloud Systems Inc. (ICLD)

[kenny54]

The financials are complex.The average reader needs more of an explanation to make an informed decision. The large one- time charge of $6M which was booked in the 2nd QTR skews and does not truly reflect their operating results. It is a significant one -time accounting charge in the quarter and of course needs to be separated when comparing the results to the prior period.

The CFO could communicate a clear succinct analysis of this and other non-cash items (goodwill impairment) which will show a much improved results from operations. The report was actually good, and also showed great progress in debt reduction. They are getting it done and management are also large stockholders with a vested interest in succeeding. Definitely a long term holder.