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The OS count has not gone higher in the last 2 days...august 3rd and 4rth...look at post from saif yesterday on the os count day by day per transfer agent numbers.
Next, you are assuming 10 to 12 million daily to continue ...its just an assumption and thus speculation although one is free to assume anything
Next, we dont know what mgmt is doing in its efforts to reduce and eliminate toxic debt. What we do know is they have stated clearly they want to eliminate this debt.
They have eliminated over 63% of senior and unsecured debt. Obviously they're serious in debt elimination and balance sheet improvement
IMO
This is typical because people get desensitized and fearful and paralyzed so they sit on the sidelines not knowing when to strike.
When it becomes more clear that dumping of shares by noteholders has stopped then the volume will start picking up of course we are headed into next week when earnings release is due by the 15th or before and the capital D is going to drop in the same time frame returning the symbol to icld.
At the very least the earnings report is going to show more reduction of debt and more reduction in operating expenses and perhaps some reduction in convertible debt but that's just my opinion.
The new technology products or Cutting Edge and the recurring Revenue income model is going to show its benefits over the next 6 to 12 months has customers sign on both new and existing.
IMO
Get this straight in your mind
In the recent letter to shareholders, the CEO made this clear as to the reason for the loss last year. He stated that even though revenues for the first six months in 2016 were 40 million dollars the reason there was a loss was a highly over leveraged balance sheet.
Now pay attention do the exact reduction of debt from July 1st 2016 when they started taking massive action to restructure and realign assets and improve the balance sheet all the way to March 31st 2017.
"For the period ended June 30, 2016, we reported $25.7 million in senior secured debt and $40.6 million in unsecured debt. Currently, we have $4.7 million in senior secured debt and $27.3 million in unsecured debt resulting from cumulative debt reduction of $34.3 million over this period."
"During the first quarter of this year, we reported continued debt reductions as well as continued reductions in our operating expenses. We reported an additional $8 million quarterly debt reduction and a 20% reduction in our operating expenses."
So please keep at the Forefront of your mind that although the CEO is still expecting 40 million dollars in annualized revenues even after the sale of certain non-core assets, the debt as of March 31st 2017 had come down by 42.3 million dollars and we know there is going to be additional debt reduction shown in the earnings report coming out in just a few days by August 15th. The CEO stated the debt reduction have been continuing monies from the sale of non-core assets have been used to reduce debt.
So you see if the debt came down from 67.3 million by 42.3 million as of March 31st 2017 and more will be shown in a few days that's almost 63% debt reduction and a drastic reduction in operating expenses and salary and wage expenses and if the revenues are still at 40 million or more by the end of 2017 don't you think the bottom line will look a lot more healthier especially going into 2018 not to mention the results and valuation increases from The Cutting Edge technology products just introduced a week and a half ago which were also mentioned in the shareholders letter.
It's feasible that the actual debt reduction is over 70% at this time that will become clear as to what it is exactly by the time the earnings release comes out before August 15th.
Keep an eye by all means on the outstanding share count currently at about 274 million as of yesterday afternoon.
The CEO stated clearly that price suffered because of the selling pressure caused by a handful of existing note holders.
The CEO further stated that they would like to get rid of and eliminate the convertible loans toxic debt which has caused these problems.
They are making huge improvements in the balance sheet and with the new product releases and the recent commitment shown to the company by the CEO and the board if director member Mr. Durfee with the conversion of equity to debt over four million dollars of personal monies which are now at risk and further show their commitment to the viability and longevity of the company and putting to rest all the rumors of bankruptcies which was pure nonsense.
Prices here under .02 are a GIFT FOR INVESTORS.
IMO
He was asking a question not stating a fact. I answered him already:))
IMO o
Tell em Oh Greg the Greek lol
IMO
There is absolutely no indication and no communication and no sign of any other reverse split and this is purely senseless baseless speculative opinionated agenda based people spreading rumors.
IMO
NO
IMO
The issued and outstanding shares are at 274 million approximately. So yes the remaining are available at this time. That is why we need to watch the outstanding share count on a daily basis. I believe this is the first time post split that we saw two days without any change in the outstanding share count.
IMO
Reply from IR
"It has zero affect on issued and outstanding.
Lawrence Sands"
This response was to the question I emailed them in reference to the restricted shares pursuant to the debt to equity conversion press release.
So this means that the current outstanding share count of approximately 274 million Stands. The outstanding share count has been the same since the 2nd of August so it has not changed in the last two trading days and approximately 226 million shares remain before we would max out.
IMO
We cannot guess on something like that and we need to confirm it with investors relations at the company and I have sent them an email but I'm not sure if I will get a response
IMO
Yes its normally within 45 days after the quarter end. Icld normally gets it out about the 12th of the month. Approximate
IMO
Interesting that the OS has remained at 274 MM since august 2nd....if dilution stopping here, ER coming out, D being dropped , you have 13 minutes to BUY:))
IMO
Awesome buddy...thanks
So then this is retail bailing?
If so then no worries... as long as dilution has eased...once confirmed more pps should start moving in the right direction...UP
IMO
On August 1st afternoon it was 268.58 million. This afternoon about 6 million more ...so 3 million or so per day in last 2 days added to OS
IMO
Great. Good luck to you. I wish you the best.
IMO
On July 31st through August 2nd
You were a long and pumping lol
3rd and 4rth today you're dumping lol
Opinions like a directionless fart...blows right and left and wherever the wind blows hehe
IGNORE
IMO
Any answer you receive to that question will be pure conjecture and speculation since the current outstanding shares is around 268 million as of yesterday.
IMO
Lol thank you but I think the company did a good enough job in addressing the shareholders with that letter and all I did was consistently compel them to communicate with all of us in specific areas and give us further visibility and guidance and I think they did the best job they could as honestly as they could and things will settle down once the existing Troublemaker note holders settle down and get done with their selling and go back to where the sun doesn't shine
IMO
Can someone look at the earnings release for 2016 a year-end and then the first quarter earnings release and look at the convertibles that matured in the first quarter of 2017.
Try to find exactly when the outstanding share count got to around 488 million shares.
I'm trying to get to the closest approximate on convertible loans that had already matured by the time the outstanding share count was maxed out.
IMO
Trust me brother. I agree.
I have been a believer and my position is the same.
These prices are a freakin GIFT REGARDLESS OF SHORT TERM BS.
IMO
Separate the good from the bad
Try and remember that the sole reason for price under pressure is existing noteholders that converted to common shares and are selling.
The rest of the fubdamental facts remain extremely positive.
Is the company completely aware of this toxic issue? Yes
Are they getting closer to reducing and then getting rid of toxic debt? Yes
Does the recent conversion of over 4 million dollars to restricted equity spell out to A HUGE Gain for the ceo n durfee the bod member IF THEY PULL THE COMPANY OUT OF TOXICITY AND TO PROFITABILTY? Yes
So then stay the course
IMO
$40 MILLION IS NOT A PENNY COMPANY
" Our remaining subsidiaries produce approximately $40 million in annual revenues and operate profitably. Our new product releases have not even been factored in our current valuation."
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."
" 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."
IMO
Good morning everyone
The shareholder letter is something that I do not take for granted and I certainly appreciate as a shareholder that they took the time to address the shareholders as honestly as possible. The problem with the share price recovering obviously will not go away till the convertible toxic debt issue is resolved once and for all. I am sure the company is trying their very best to accomplish that objective.
CEO Letter
If you are a long shareholder and you are not going to even acknowledge that the letter addressing the shareholders is a good sign and if you continue to cast stones and blame then you probably should not be a shareholder and thats just my opinion.
The corporations of this world are not run by Mahatma Gandhi and Mother Teresa. But I still choose to listen to the company instead of the selfish rhetoric spewed by people who don't even have a position in the company.
Now the purpose of the letter to the shareholders is not to provide guarantees about the future and it is simply communicating the facts as they are and dis spelling rumors and miscommunication by agenda based bashers.
So clearly the CEO is telling us that even though the revenues were 40 million dollars in the first half of 2016 that the company was very heavily leveraged and that is when they started the restructuring and the realignment effort.
As of June 30th 2016 the collective senior debt and unsecured debt was 67.2 million dollars. In the six months that followed the company successfully erased 34.2 million dollars of debt and that is getting rid of over 51% of debt. I don't know about you but I call that taking massive and aggressive action in the reduction of debt and leverage and operational expenses.
Next, in the first three months of 2017 they further reduced debt by another eight million dollars and they further reduced operating expenses by another 20%.
The CEO further stated that they continue to reduce debt and they continue to reduce operational expenses and these will be reported in the upcoming earnings release in a few days.
The CEO stated that they have used the revenues from the sales proceeds off the non-core assets that were sold to further reduce debt. These should become evident in the upcoming earnings release.
The CEO honestly acknowledged that the decline in the share price makes niether shareholders happy nor management happy and that it was caused by selling pressure by a handful of note holders. That was the crux of the reason for the fall in share price. Therefore as I have been saying we can not disqualify or negate all the positive forthcoming consequences of the aggressive restructuring and realignment effort which caused serious debt reduction that continues and serious reduction in the operation expenses.
The debt to equity conversion is it net-net positive no matter what the bashers are spinning. The company is aware of all the negative rhetoric and the libelous comments and the character assassination attempts and believe me they have all been reported.
" We are reducing our existing convertible debt and attempting to secure conventional asset based financing for our working capital needs. We are making every attempt to eliminate the convertible debentures that have hurt our share price and market capitalization"
Guidance for future.
The CEO is not a magician and he is not going to sit here and give you guarantees about the future. But he is speaking sensibly and I will never listen to the b******* spinning by the bashers. The effect of all of the debt reduction and strengthened balance sheet is not going to show up magically in one day. But the positive impact is going to affect the bottom line numbers and is getting us closer to becoming cash-flow positive as the company continues to try and address the convertible loans and debentures.
"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."
Stay the Course.
IMO
The critical remaining thing they will need to address is getting rid of conv loans. They will eventually succeed in my opinion in reducing and then finally eliminating the main cause of price decline which is tocic debt.
IMO
CEO Letter
If you are a long shareholder and you are not going to even acknowledge that the letter addressing the shareholders is a good sign and if you continue to cast stones and blame then you probably should not be a shareholder and just my opinion.
The corporations of this world are not run by Mahatma Gandhi and Mother Teresa. But I still choose to listen to the company instead of being selfish rhetoric spewed why people who don't even wanna position in the company.
Now the purpose of the letter to the shareholders is not to provide guarantees about the future and it is simply communicating the facts as they are and the spelling rumors and miscommunication.
Show clearly the CEOs telling us that even though the revenues were 40 million dollars in the first half of 2016 that the company was very heavily leveraged and that is when they started the restructuring and the realignment effort.
As of June 30th 2016 the collective senior debt and unsecured debt was 67.2 million dollars. In the six months that followed the company successfully erased 34.2 million dollars of debt and that is getting rid of over 51% of debt. I don't know about you but I call that taking massive and aggressive action in the reduction of debt and leverage and operational expenses.
Next, in the first three months of 2017 step further reduced debt by another eight million dollars and they further reduced operating expenses by another 20%.
The CEO further stated that they continue to reduce debt and they continue to reduce operational expenses and these will be reported in the upcoming earnings release in a few days.
The CEO stated that they have used the revenues from the sales proceeds off the non-core assets that were sold to further reduce debt. These should become evident in the upcoming earnings release.
The CEO honestly acknowledged that the decline in the share price makes niether shareholders happy nor management happy and that it was caused by selling pressure by is handful of note holders. That was easy crux of the reason for the fall in share price. Therefore as I have been seen we can not disqualify or negate all the positive forthcoming consequences of the aggressive restructuring and realignment effort which caused serious debt reduction that continue and serious reduction in the operation expenses.
The debt to equity conversion is it net-net positive no matter what the bashers are spinning. The company is aware of all the negative rhetoric and the libelous comments and the character assassination attempts and believe me they have all been reported.
" We are reducing our existing convertible debt and attempting to secure conventional asset based financing for our working capital needs. We are making every attempt to eliminate the convertible debentures that have hurt our share price and market capitalization"
Guidance for future.
The CEO is not a magician and he is not going to sit here and give you guarantees about the future. But he is speaking sensible I will never listen to the b******* spinning by the bashers. The effect of all of the debt reduction and strengthened balance sheet is not going to show up magically in one day. But the positive impact is going to affect the bottom line numbers and is getting us closer to becoming cash-flow positive as the company continues to try and address the convertible loans and debentures.
"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."
Stay the Course.
IMO
Lol
Me too...so FOS
IMO
Good for you. I think many many will be joining hands with you this day to grab as many Millions collectively as possible.
IMO
The company listened and the company
Has answered exactly what I have emailed them sevetal times about the Ceo addressing shareholders and addressing specific revenue and debt issues and giving us guidance and visibility for the future.
Onwards and Upwards
Thank you Mr Munro and ICLD for listening to our requests and communicating fully.
Lets Roll
IMO
InterCloud Releases Open Letter to Shareholders
DOWNLOAD AS PDF AUGUST 02, 2017
Open Letter to Shareholders Summarizes Restructuring Efforts
NEW YORK, Aug. 02, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (NASDAQ:ICLDD), a leading provider of cloud networking orchestration and automation solutions and services today released the following letter to Shareholders from the Company's Chief Executive Officer, Mark Munro.
Dear InterCloud Shareholders:
As we are a little more than half way through this tumultuous year, I would like to take this opportunity to reflect on the status of our restructuring efforts and our outlook moving forward. I am pleased to say that from an operations perspective, the last six months have been successful. Our prospects have improved since the beginning of the year and our operating costs continue to be reduced.
For the period ended June 30, 2016, we reported $25.7 million in senior secured debt and $40.6 million in unsecured debt. Currently, we have $4.7 million in senior secured debt and $27.3 million in unsecured debt resulting from cumulative debt reduction of $34.3 million over this period. And while our revenue for that six month period ending June 30, 2016 was over $40 million, we were heavily leveraged. Over the last twelve months, the Board of Directors and I implemented a plan to strengthen our balance sheet and reduce our operating expenses to restore value to our shareholders. During the period July 1, 2016 to December 31, 2016, we significantly reduced operating expenses. This reduction in liabilities and operating costs continued into 2017. During the first quarter of this year, we reported continued debt reductions as well as continued reductions in our operating expenses. We reported an additional $8 million quarterly debt reduction and a 20% reduction in our operating expenses. When we report our second quarter 2017 results, we expect to show continued debt reductions and cost savings. We have sold several non-core assets during the second quarter and used those sales to reduce our debt as well.
These reductions in debt and operating expenses have not been without a cost. In particular, our stock has declined due to certain debt holders converting their debt into the Company’s common shares. Additionally, certain individuals are reporting false and malicious rumors of a potential bankruptcy. In order to dispel these bankruptcy rumors and show our commitment to the restructuring, Board Member Mark Durfee and I converted $4.3 million of our personal debt into restricted equity. This equity cannot convert or dilute the shareholders of this Company unless there is a fundamental transaction.
Our balance sheet continues to strengthen through this restructuring. Currently, our senior secured debt is approximately $4.7 million and our accounts receivable balance is almost twice that amount. We are reducing our existing convertible debt and attempting to secure conventional asset based financing for our working capital needs. We are making every attempt to eliminate the convertible debentures that have hurt our share price and market capitalization. With our reductions in operating expenses and improved cash flow from operations, we believe there is a light at the end of the tunnel.
While I’m as disappointed as most of you with our current share price, I do not believe that our share price and market capitalization accurately reflects the value of our Company and our assets. Our remaining subsidiaries produce approximately $40 million in annual revenues and operate profitably. Our new product releases have not even been factored in our current valuation.
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.
Sincerely,
Mark Munro
Chief Executive Officer
CONTACT:
Investor Relations
InterCloud Systems, Inc.
561-988-1988
A preferred stock is a class of ownership in a corporation that has a higher claim on its assets and earnings than common stock. Preferred shares generally have a dividend that must be paid out before dividends to common shareholders, and the shares usually do not carry voting rights."
IMO
The outstanding share count at about 268 million from the post split approximate 122 million at an average price of $0.04 per share as an approximation indicates that just over three million dollars of the note holders that has been cleared.
It's not entirely clear how much of the debt the note holders have left which they are clearing which is causing the selling pressure.
The October maturities or October not July and that's over 2 months into the future
No one knows if and when the company will renegotiate the terms on those maturities and if they will do it partially or in full. Any comments made in this regard or pure conjecture and speculation and opinions.
When and if any other reverse split might happen is pure conjecture speculation and opinions. Right now the reality is 268 million on OS. Thats all we know.
We cannot make stuff up and call it a guaranteed reality.
IMO
It is what it is and that's why I posted saying let's get real this morning outlining exactly what happened to the price and what needs to happen by the company for us to have much better days in terms of Market valuation and share price.
There are some things that are controllable and some others are still consequences of past choices. The noteholders selling off from the first day of the post split is a consequence of past toxic debt choices.
However we cannot discount any of what has happened in the restructuring and realignment effort in the last 9 months and even the Goodwill gesture of converting debt to equity which was the recent press release.
However what the company is able to accomplish in terms of renegotiating terms for the October maturity dates and how successful and when they will be able to get traditional loans and start getting rid of the toxic debt completely off of the books is yet to be seen.
So the facts are the facts and I don't think the company is intentionally trying to kill itself or drown itself and on the contrary it is trying to save itself and there are obvious risks but by the time they clear the risk the prices cannot remain here. The risk is they do not or cannot take off the toxic debt but clearly that is the effort they're making and if this exceed it will be a huge win because all the other parts of the puzzle have been addressed in the last 9 months as we have seen continuous debt reduction and setting of non-core assets and drastic reductions in salary and operational expenses.
Clearly nothing fundamentally changed the day after the reverse split effectuated.
Again the selling pressure needs to start from the note holder for the price to start going back to pre split levels and any great news in the earnings release coming or any guidance and counsel and visibility that the CEO could give that they're moving in the right direction and expressed his confidence to increase investors and shareholder confidence will help the share price greatly but all of this yet remains to be seen.
IMO
OS count as of 1:18 pm today
"As of 1:18pm, ICLDD shows an OS of 268,580,576.
Melissa Tampubolon
Corporate Stock Transfer, Inc.
3200 Cherry Creek Dr. South, Suite 430
Denver, CO. 80209"
IMO
Thanks for your opinion
IMO
Let's just get Real
The facts are the facts. Everyone here knows the company RS was shareholder pre approved. The company cannot control the aggressive and intentional selling by atleast one noteholder that started on day one of post RS. That selling needs to ease up or stop. That's number One.
Number 2. The October maturities or a part of them need to be renegotiated and delayed and the company knows this. What they accomplish in this regard is an unknown.
Number 3. The balance sheet continues to be cleaned up with debt reductions and further restructuring. The whole reason for all of this is to be presentable to negotiate traditional loans. The loans are to clear conv toxic debt. Thats the whole idea.
Nothing funfamentally has changed. The fact is fundamentals changed for the much better. Objective of becoming cash flow positive and smaller leaner company introducing new services and products as they recently did to increase revenues is ALL great news.
The price drop post RS entirely was caused by one if not two noteholders. They were pissed at delay of RS effectuating and shares becoming available.
The risk rewards are clear.
Selling needs to stop or finish. Company needs to start getting some success in traditional financing because obviously they are getting closer and closer talking to lenders and they know what needs to happen to the numbers to get the loans to clear out toxic debt off books even if its in a piece meal fashion.
These are the risks and realities of why price suffered. The reward is if company accomplishes traditional loans, clears toxic debt, increases revs, and navigates the oct maturities favorably.
Now you know.
IMO
Sorry K111 share not chairs. Lol
Was driving :))
IMO
I am not selling a single chair and if you read my post you can see I am not negative in any way shape or form and I do not listen to the negative Nellies and I am not concerned about the decisions of any long who would like to sell their shares because that is their right.
Everything changes from negative to positive in a moment's notice
IMO
Yes I agree and I clearly outlined that in my post yesterday which was a letter I sent the Ceo and IR.
There is no question that renegotiatibg terms and or paying convertibles off and replacing loans with conventional asset based lending is and must be a key priority for the company.
I am sure they realize this.
The decision to convert personal loans to equity for over 4 million dollars wasnt as small or insignificant decision as some may make it sound.
It shows shareholders that the Ceo and management is committed to the restructuring effort. It shows that the CEO and BOD Durfee arnt going to get their money back anytime soon...its a
Showing an interest in the long term viability of this concern. It also shows that they have taken this as a personal financial risk and I know the Oracle on this board would love to twist this. This was a surprise to many and even the negative skeptics.
In the same way I am discerning that and its my opinion that the company is trying to get conventional loans and are fully aware and intetested in paying off convertible loans as soon as possible even if its im a piece meal fashion.
Regardless of prophetic self proclaimed oracles on the board who seem to know everything, I think its ridiculous to think of selling here. If possible, I would be a buyer at these prices.
By the way if you want to think of dilution watch the garbage penny stock companies with no product or service no real sales no audited fins and they are trading on pure hype and BS and trading 500 to 700 million shares a day and thats the true bs penny stock dilution with AS in the billions.
It takes balls of steel to hold tight here. People talk about 25 cents in 6 months or a dollar in a year and then want to sell because they cant stand the emotions on red days. They rationalize that they can magically 4 5 8 fold the money if they just took money out here and invested else where. The truth is everyone has a max pain threshold.
Last time I put this much effort into a company I bailed out because of emotional pain at huge losses. That penny stock went to levels where my position would have made $800,000.
I am long. End of story.
IMO
Bids swelling up at .02
If they get shares, more bids appear wanting all the shares they can get at .02
Its half a penny pre split.
The company has addressed restructuring and becoming leaner and reducing debt and expenses.
The revenues are still coming in as before.
The company IMO will succeed in renegotiating toxic debt and getting conventional asset based better term loans.
They are headed in the right direction.
In hindsight,.02 post split will seem like a HUGE GIFT
IMO
I saw that too....dropped it on very little volume.
Let's keep an eye on the OS
IMO