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I tend to agree, but my concern is that if they cannot pay off the remaining convertibles the lenders will force them to increase the authorized share count. I can't realistically see that happening since it would no doubt force the PPS in to sub penny land and push the market cap down even further. That would not bode well their plans to secure traditional financing. Any thoughts there?
John do you think they will need to dilute the entire AS 500M? I think they may stop short of that if they can sell another asset in the next few weeks.
Good post. Just to be clear they would be paying off all convertible debt. There would still be around 25M non convertible loans remaining. Correct?
Meant a "non" day trader's point of view. Great post!
Great post. Good to see a day trader point of view.
They may try to push this back to .01 briefly. Be ready if you are a buyer.
They may try to push this back to .01 briefly. Be ready if you are a buyer.
agree
Food for thought. If one or two of the lenders converting shares are taken out, then the frenzy to sell as many shares a possible in the race to the bottom does not make sense for the remaining convertible loan holders. They would be better off to let the price run and sell their shares at much higher levels. Just my opinion.
You post is not very convincing. If you really have a .03 cost avg as you state, then you are sitting pretty. Why would you watch the company for 6 months, then buy at rock bottom (.03 is rock bottom in relative terms here), then bash the stock? Again, your post makes zero sense.
But, they just sold the ADEX High Wire division which generated 10M per year, so they are back around 66M.
No problem. You should give them a call and let us know what you find out. Seriously.
I see your point.
What I said was directly from IR. If you need proof call them for your self. They are always willing to answer shareholder questions. Here's the number: Investor Relations: 561-988-1988
Ask for Larry or Judy and tell them you have investor questions.
No proof what they claim will happen. But it seems they are moving in the right direction. We will know more after the earnings conference next week. By then the pps could be much higher IMO
I was also told by IR that they are close to finalizing another asset sale that is much larger than the one this week. And that they expect to get the pps to over .25 so that they list on the OTC QX. Once that happens they will have better access to non-toxic financing. Assuming all of this happens as planned, this thing can really jump from here!
On 3/7 10K will be filed and earnings conference will be held on 3/8 per Judy at IR. I called yesterday and she confirmed. Seems pretty sneaky that they aren't announcing it in advance. It's either really good news or really bad news. I'm leaning towards good news this time around.
Assuming they dilute to 300M, .72 pps would be over 200M market cap. I don't think it will get that high, but I've been wrong before!
There were no T-trades after hours today. It could signal conversions are done.
Just a guess here, but I think they will announce some of the convertible lenders have completed dilution when the 10K is released next week. That is why there is a mad rush to sell shares this week.
He's "with a group" LOL
You could be correct. The MM collude on the way down and on the way up. The trick is to be on the right side of the trend when it happens. GL
Those look like stock options
What your missing is that debt is much higher. The cat will be out of the bag when they release their 10K
There are no SEC filings on the ICLD site that correspond to what you have in your post. Here's the link to their website: http://ir.intercloudsys.com/all-sec-filings
Also, I spoke with Larry Sands at the end of last year and he told me the debt was around 44M at that time. Any comments in response to this or what I stated above?
I suggest you stop posting false info because your posts will be disregarded by others.
True. I was hoping for a sub penny entry. Still think it pulls back a little before earnings and there will be an opportunity to buy lower.
Seriously dude, you need to do some DD. You think you are stating a fact with the 518 employees, but you are dead WRONG. If you call their Investor Relations: 561-988-1988 either Judy or Larry Sands will tell you they reduced the head count to around 300 employees by firing non essential sales reps. That son is a FACT. Again, please get your facts straight!
VNDM sitting a .01 on the bid. I think they can push it down again at least until earnings.
Bottom line is it will keep dropping until dilution stops. The remaining convertible debt must be paid off some how before the trend reverses. Still say we bottom at .005-.007
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Realistically, they can have 100m-200m market cap if they get debt under control and obtain some big contracts. Even if they dilute to 500m shares (which they most likely won't), the pps would be .20 to .40 IMO. We will see...
Yes, but it made a 60c jump with only 20M shares OS. Now they have 280M shares OS so don't expect jumps bigger than 5 cents
The negative is that they now have 10M less in annual revenue.
Don't think this will move up until all convertible debt is retired or refinanced. Today's news is encouraging but munro still has a lot of work to do.
Will the asset sale cause it to jump today?
Sounds like a plan.
I just took out a loan for $679K and will be buying out ICLD today as part of a hostile takeover. I plan to make it a private company. I also plan to fire all management and will "drain the swamp"
They really don't have assets. No buildings or land or proprietary software. they just have contacts to maintain cabling and to support IT networks. Not that it isn't a business model that could be profitable in most cases. Problem is all of the toxic debt they used to buy ADEX and their other holdings. He has a BA in Economics, but apparently is not very good at Finance....
http://people.equilar.com/bio/mark-munro-intercloud-systems-/salary/706105#.WLXF7m_yttQ
I spoke with larry sands at the end of 2016 and he told me they still had 44M in debt at that time. I'll concede that only 9M is convertible debt, but that still leaves 30+M in high interest loans. They are toast unless they sell off assets and refi the toxic loans. We will see, but looks like munro is losing and he is in the ninth inning with 2 outs and 2 strikes on the count.
prove it