is...retired
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Of course I won't bet.
But I won't sell any shares until they represent $.015 pre split or .60 post split. I don't consider what I'm doing a 'bet'. And I don't worry about dips and spikes - I am only concerned about the end game - which horse crosses the finish line, not who is in front at any given time.
When the price crosses my 'finish line', I will sell some. Not until. It's based on the company itself, not what its stock is doing on any given day.
Fortunately for me, my entire ICLD investment was paid for by the special dividend of $PIP - over $400K for 138K shares with a $2.91 sp div. Figure it out, I have $ left over.
So, I am using house money for my own moon shot. I expect ICLD to 'do it' - that is, to become relisted on Nasdaq and be an ongoing concern, or to be bought out, although I think that is a longer shot.
In any case, I have nothing to lose here, and everything to gain, and I believe in the company.
This R/S is small and needed to comply. Nothing to worry about.
Shorters work by borrowing stocks with a promise to repay them at a lower price. It only works on margin accounts, where the stocks weren't paid by cash to start with. Credit accounts.
They don't issue pseudo shares, they can't fabricate more shares than are available, but they can't eat into the AS, as far as I know, because they can only short stocks that are already sold. (You can't 'borrow' a stock that has not yet been sold.)
So, when all stocks are sold, as now, shorting has a hayday. If you sell, you play into their game because you are accepting lower than you wanted returns. That is a personal decision, but it is driven by what you read about the stock - not about the company necessarily, nor about how it is doing, but what the STOCK is doing which is what THEY are doing to the stock.
I don't think shorters can beat you unless you cave to their antics. You should know why you buy a stock, and hang onto it until you are forced to make a decisions about what to do with it. But that decision should be based on the company, not what is happening to the stock price by those that have the ability to change it, even if only slightly.
Sounds to me like a reasonable investment. I happen to have a lower avg, thus less exposed to loss, but the numbers speak for themselves. If they just keep doing what they've done for the last two quarters, they will soon become profitable, which will have an immense impact on the stock price.
Revenue isn't profit, but they are already talking about profitability for 2017 in the 2016 annual report.
This may be the one, single, most important stock in the OTC right now, as it is a previous Nasdaq stock that made some investments to grow their company, incurred debt secured by stock (dilution for those that see it that way), and is now in the process of trimming off that which is not core, and paying off the loans it took to acquire those companies.
Soon, it will be both debt free and profitable, and back on the Nasdaq. How many stocks on the OTC pink market can you say that about? Exactly none. Think about that.
What an odd question.
I don't believe there are $25 million in convertible debt at a significant discount, thus not toxic. What, exactly, are you referring to? It requires you to provide a link to valid data, because I don't trust innuendo or gossip. If I can't find it in an SEC listing, it is not real. I have read them, over and over.
As far as the reverse split, it is minor, and intended to meet legal restrictions - you can't authorize more shares through a 'deal' then are authorized in todo - the AS. So, you reduce the OS and retain the AS, and all is well.
Just because there is room under the AS to liquidate debt to equity doesn't mean they will all do it - they really want the loan back with interest. The conversion is a last ditch effort to collect, thus it is called 'toxic', because it provides shares to the debtor at less than the current stock price, thus depressing the stock price. That is dilution. Dilution is nearly at an end at ICLD, if not already complete. They are setting up reserves of AS just for that purpose after the split, but only IF it becomes necessary.
You all may not realize it, but ICLD has an angel investor that doesn't want to see dilution. They are helping get them out of debt and to become profitable.
I know many of you can't even imagine the machinations of how business is done, and if you don't understand it, you should be investing in dog food stock, or something you do understand. Or maybe a monthly dividend stock, so you just collect checks instead of risking real money.
But if you want to make money on a real stock, you will have to learn about the company and not try to ride the short rises and falls of their stock. Those are artificial - the company is not. The company will always win out in the end, if it is on the right track. This one will go to Nasdaq and never look back to the OTC. And I'll be there with them, FAR better off than I am now.
Of course there is hope. If you don't run with scissors, you probably won't die of running with scissors. One can hope, anyway.
Insiders must report their buys and sells to the SEC. Good luck reporting shorting your own company!!
That's a possibility - if acquired, a larger company probably wouldn't need all of the current assets. Also, acquiring ICLD would certainly wipe out the debt anyway, so that should not be an issue unless there is contractual language preventing it.
I don't go by one filing - I keep track of quarters, annuals, and anything else reported to the SEC. It is by continuing to read them that you can spot trends in the company itself, assuming you can understand the lingo, and realize that they have to cover every possible eventuality, so there is a lot of CYA talk. You also learn about insider investments this way.
Inexperienced readers take the CYA words as warnings which affect their decisions. Experienced readers know those are weasel words that have to be there in case of some unexpected eventuality.
The real meat of these filings is what they are buying, selling, planning, and what they are doing with debt. You only know if things are improving if you have several quarters internalized. Compared to earlier quarters, ICLD is looking and smelling like a rose, and the next earnings report should be even better.
Thus, I've loaded up and will load some more, if the sp ever hits my average again - .0275...and maybe a little higher. I think that as long as I keep my avg below .03, there is little chance of losing any money at all in ICLD.
Yes, a reverse split affects shorters the same way as everyone else. ALL shares in the OS are divided by the ratio, all shares held are worth more by the ratio.
Thanks, WeGetMoney, that is how I have planned my investment with this company. As long as the fundamentals continue to look good and keep improving, I am quite bullish. I cannot care about daily swings, as manipulation is very likely to be going on, and people somehow think the stock price today is linked to the company's progress. It is not. It is manipulation, and unwary traders that don't understand what they are doing. They are actually giving their money to experts. What do they expect? Would you play poker with a table of poker sharks? I thought not, but here you can't see them double dealing, so they plunk down their money and take their chances.
Most posters don't even understand what a reverse split is, and why they are performed. Some are beneficial, some are legally required in order to continue with business plans, and some are totally bad. One must understand WHY it is being performed before one can say if it is good or bad. In this case, the reverse split is mentioned along with business plans in SEC documents, but if you don't read the documents, you may make rash statements that are untrue.
Good company, on the rebound, and patient investors will reap the rewards of the comeback.
Read the 8K of 3/10/17:
The Company has reserved from its duly authorized capital stock a number of shares of Common Stock for issuance of the shares underlying the Exchange Notes at least equal to 100% of the Required Minimum on the date hereof. “Required Minimum” means, as of any date, at least million (2,000,000) shares of Common Stock; provided, however, after a reverse split by the Company to be effected on or around March 31, 2017, such amount shall be equal to fifty million (50,000,000) shares of Common Stock.
Maybe you should learn to read the company's own filing before making false claims. It seems YOU are the one full of bullshit to me.
Well, ICLD DID give two different dates on two different SEC documents. The annual report is the most recent, so is the one to go by.
It is impossible to know why they chose that date, but it more than likely has to do with deals in the pipeline that can't be discussed yet.
Jeeze, doesn't anyone read about these terms? What are people doing investing without understanding the terms and what they mean? And why ask here and get partial answers instead of looking up the answers at Investopedia, or other worthy source?
Authorized shares (A/S)= total shares a company is allowed to sell. this can't be exceeded.
Outstanding shares (O/S) = total shares that have been sold OF THE A/S.
Reverse split. Divides the O/S by the ratio, multiplies the stock price by the same ratio. Leaves 'room' under the A/S to sell more shares, OR, for accommodating convertible debt.
This last $550K loan reserves 50M shares of the A/S that can't be sold except to that debt holder.
When all available shares of the A/S are sold, it is considered 'locked' which means someone has to sell shares if someone wants to buy shares. That drives up stock price generally, but it depends on other factors too, such as how the company is doing financially.
Shorts are unaffected by a RS - this is a common fallacy. Shorts will simply have to return 1/4 as many shares at 4 X the price, just like the rest of us. UNAFFECTED! No change in value AT ALL.
Because the R/S is not about Nasdaq listing, as I have said many times. They need to reduce share count because there are not enough available shares for conversion should debt holders choose to convert. Don't forget, when they do conversions, they ALSO reduce the debt.
This RS is about creating a much smaller OS more than anything else. It is incidental that the stock price will increase by 4X, that is not the goal, at all.
I'm not selling any either, but not buying unless it gets below my average - .0275 now.
Hasn't moved? It is 4X higher than it was last week. Don't expect to put your ship on a drag strip...
No, I am executing a specific plan, and have not changed my plan because of the pullback. I think the pullback was manipulation, followed by panic selling and 'groupthink'.
I think ICLD is a solid company recovering from a case of growing too fast by buying companies to complete their portfolio of companies to do their core business. Of course, I was in tech for 40 years, so I understand how companies buy other companies to build a more capable larger company.
My plan is to wait to .15 to recover half my investment. At .25 or so, I will recover the rest. (Or the equivalent post R/S.)
I don't believe I have EVER seen so much incorrect information in one paragraph! Yes, the OS will be 125,000,000 instead of 500,000,000, but your SHARE PRICE will also be 4 X the then current price.
ICLD's latest loan is through a long time 'friend' investor that is extremely unlikely to convert his loan - it would hurt his own position to do so. ICLD has 2 years to pay the loan and will still receive $900K as part of the last asset sale, almost twice the size of the most recent loan. That loan is suspiciously small, which makes me think it is some sort of a bridge to 'something big' that is still in the works.
Yes, they didn't buy all those companies just to install cable. They sell a software solution that replaces companies' in house servers. Something like Amazon's AWS, the granddaddy of outsourced cloud solutions.
Soon, any company that is not using hyperconverged cloud solutions will be at a competitive disadvantage as a result. Companies don't WANT an internal server farm and the IT resources to support it. It is easier to focus on core business, and farm out the IT function. That is what ICLD sells.
It is possible to have a B/O, but I'm not so sure that would be a good move, except to attack competitors by pulling the rug out from under their IT network.
ICLD is designed to service multiple companies, not one company. And those companies compete against each other in some cases. I don't see how buying ICLD improves a company's competitive position, unless they run it the way it is run now just to let ICLD grow and profit from that. Seems like a long shot to me, but who knows what is in the future?
It isn't dilution. It is a legal maneuver to remain legal IF all the convertible shares were converted at once. Can't exceed the A/S, and right now, almost all available (O/S) shares are sold. They need to 'lock up' 50M shares for one investor, and don't have 50M shares to lock without the R/S.
Again, there is no dilution - All the new available shares will be sold at the current price, which is NOT dilution. Dilution is when blocks of stock are sold for UNDER the current market price, which lowers the price for everyone.
After the 1 for 4 split, you will have 1/4 as many shares, and each will be worth 4 X more. No change in value. It is a way to control the OS so that the convertible shares that exist can be exercised IF it comes to it. Don't think many more conversions will happen.
I didn't invest $800K, that is what it is worth now. I paid under $400K, and that was all a special dividend from another (NYSE) company.
There is nothing toxic about a 1 for 4 reverse split that reduces the OS and leaves the AS alone, and keeps the company legal with the SEC. If you don't understand that, then YOU need to go study why reverse splits are done.
I am way up on this stock right now, but will be more so as time goes on. I'm in no hurry, and have no plans to sell anything before $.50.
If anyone does not understand the term 'hyperconvergence', look it up and see who's doing it. Just Google the word and read all about it. It is the next migration of IT - from the days of the central servers of the 80's to the PC based businesses of the 90's and later, it is IT in the form of software run on the cloud. It removes the company's need to own and maintain all those servers of a few years ago. This is a revolution that will take years to play out. As in all businesses, one size does not fit all. So there will be room for various players.
But this is what caught my eye in ICLD's annual report:
Managed Services . Our managed services offering is built around traditional IT managed services and “private cloud in the box” applications services. Our DPoD private cloud platform offers enterprise customers, carriers, and resellers ability to prepackage a “hyper-converged” open source private cloud environment in an opex model rather than the legacy hardware model. Our DPoD private cloud offers orchestration, virtualized compute, virtualized network functions, and virtualized storage. This platform is offered in a multi-year contract, managed services format. We believe DPoD private managed cloud services greatly accelerates our customer’s ability to move production applications seamlessly to a fully-virtualized environment without any vendor lock in from equipment manufacturers as well as lowers cost and decreases their time to market to deliver new applications to their own customers in a secure private environment. Our experience in system integration and solutions-centric services helps our customers quickly to integrate and adopt cloud-based managed services. In addition, our managed-services offerings include network management, 24x7x365 monitoring, security monitoring, storage and backup services.
I don't think people understand your comments very well.
As I understand it, you are saying what you think it looks like right now. You are not predicting doom and gloom, nor success.
You have already changed your message when the conditions were different. I read what you write, and think of each message as a snapshot in time, not a long term prediction.
I think others don't do that - they think of ulterior motives, bashing, pumping or whatever. Just keep telling it as you see it, and we'll keep reading it. It is merely one billboard among many, but I think every 'studied' billboard is worth reading. And at least you do study before you write what you think. Good job, keep it up.
The Cisco news? Oh, the 'secret' that isn't a secret, except that nothing was actually said? I deal in facts, and rumors are simply gossip to me. If anyone buys even one share of ICLD because of the 'secret', then I feel sorry for you.
But, with that said, I now hold over 20M shares of ICLD, and I can wait for it to bloom into the company I expect. If a merger or buyout is in the future, I'm sure that will count for something.
I do not expect ICLD to go into bankruptcy, nor the stock to fall off a cliff. I don't worry about daily ups and downs, I don't deal with rockets, moons, golden crosses or any of that other crap.
All that matters is what it looks like at the end of each week, month, quarter. Over time, an uptrending line, regardless of spikes up or down, is my goal. And, when you start at the very bottom, there isn't anywhere to go but up.
The a/s doesn't change until there is a stockholder's vote on it. Unlikely it would pass, I sure wouldn't vote for it.
Posting "news headlines" request:
Folks, please don't just post a headline with nothing else. That is a timewaster, as it has zero value to anyone.
Either post enough of the news release to evaluate it, or post a link to it so we can look at it ourselves.
Many of those "headlines" are years old. It is a waste of time to post them if they aren't relevant and a waste of time for us to try to figure out if it is 'new' news, or a rehash of previous news.
And, watch for computer generated 'news'. Often, articles are put together automatically, and they pull numbers from anywhere and plug them into the articles. When you see a price target for example, that was initiated when the stock price was 40 times higher, you might want to consider if it is still valid.
If you want to post such things, you should do the due diligence to determine if it is valid rather than simply posting things that the rest of us will ignore because WE KNOW IT IS STALE NEWS.
Neither a long nor a short position is materially affected by a stock split - the value of the position does not change. So, if a company has announced that it will split in six months, it should have no bearing on the attractiveness of the short investment.
If a forward split, the shorter will owe more shares at reduced price. If a reverse split, the shorter will owe fewer shares at a higher price. So, no value change.
However, if the share price increases or drops AFTER the split, the shorter will be affected.
To me, the lack of a conference call after this earnings release means that there is news that cannot yet be disclosed.
Rather than talk about the previous set of circumstances, they want to talk about the set of circumstances we have not yet heard about because of some kind of restriction or unfinished deal.
If these plans are not yet finalized, and cannot be announced as a result, it may have precluded the conference call.
This could signal different things:
A buyout of InterCloud - ICLD's revenue is in multiple contracts, none of which is over 10% of business. On the other hand, hyperconvergence is the absolutely hottest button on earth in tech right now, and that could be the trigger. They ALL want in on hyperconvergence. Don't worry if you don't know what that means Google is here to help you. Just know it is hot, hot, hot, and InterCloud got into it in 2016 - read the annual report.
Any one of its larger customers might want to buy ICLD and ace out their competitors that are already customers. Not a bad business decision. Just saying, it is possible, and could not be discussed in a CC.
A sale of one or more existing assets - this is possible, it is what drove them into debt in the first place. They have already announced the potential sale of non-core assets, but if those details are not final, they could not be discussed in a conference call without completely hiding the true intent.
I think there will be news soon, and it will be dynamite news. I don't see a aingle negative with this company going forward, and I plan to benefit along with others that see it the same way.
The purchase of yet another new company - again, subject to disclosure restrictions.
So, we wait for the next news. I cannot but expect it to be positive news, as they have been doing nothing but cleaning up the bad news. It appears to me that most of their 'profit' has gone to eliminating convertible debt, and not much of that remains.
Expect good news! Have as many shares as you can because once news is out, it will skyrocket the share price. Everyone knows this is a real company, it just needs to break the toxic debt mold, which is just about done.
RRRight....there was a conference call and they forgot to tell anyone. Duh, who do you think conference calls are FOR?? It is the CEO and CFO talking to STOCKHOLDERS!!
About the Reverse Split: (From the 8K)
======================================
We may have insufficient authorized capital stock to issue common stock to all of the holders of our outstanding warrants and other convertible securities and may be required to reverse split our outstanding shares of common stock or to request our stockholders to authorize additional shares of common stock in connection with the exercise or conversion of such outstanding securities or subsequent equity finance transactions.
We are authorized to issue 500,000,000 shares of common stock, of which 112,840,013 shares were outstanding on December 31, 2016 and, primarily as a result of the conversion of convertible debt securities since December 31, 2016, 487,892,651 shares were issued and outstanding on March 7, 2017. At March 7, 2017, we had reserved 49,923,696 shares of common stock for issuance upon conversion of certain of our outstanding convertible debt securities and warrants. In addition, at such date, we had outstanding $28,119,795 aggregate principal amount of additional convertible debt securities for which we are not required to reserve a specific number of shares of common stock for conversions but that is convertible into an undeterminable number of shares of common stock based upon a discount to the then-current market price of our common stock. If all of these securities were converted or exercised, the total number of shares of our common stock that we would be required to issue would greatly exceed the number of our remaining authorized but unissued shares of common stock.
As a result of such potential shortfall in the number of our authorized shares of common stock, it is likely that we will have insufficient shares of common stock available to issue in connection with the conversion or exercise of our outstanding options, warrants and convertible debt securities or any future equity finance transaction we may seek to undertake. Accordingly, we may be required to take steps at an annual or special meeting of stockholders to seek approval of an increase in the number of our authorized shares of common stock. However, we cannot assure you that our stockholders would authorize an increase in the number of shares of our common stock. Alternatively, we may be required to reverse split our outstanding shares of common stock to create additional authorized but unissued shares. While our stockholders have approved a reverse split of our common stock on an exchange ratio of up to one-for-four shares on or prior to August 29, 2017 at the discretion of our board of directors, a reverse stock split may adversely affect the market price of our common stock. Our failure to have a sufficient number of authorized shares of common stock for issuance upon future exercise or conversion of our outstanding options, warrants and convertible debt securities could create an event of default under such securities, which could adversely affect our business, financial condition, results of operations and prospects.
So, before the split you can buy 100 shares for .05. After the split you can buy 25 shares at .20 each.
If you buy the 100 shares for .05, after the split you will HAVE 25 shares worth .20 each.
How can it be better to buy after (or before) if your investment is worth exactly the same before and after???
You need to go read the definition of reverse split. There will be a LOWER O/S after the split, not dilution. It is the exact opposite. OS will be about 125,000,000 after the split. That is the whole point of this kind of split. It is to keep the company compliant with SEC rules, not to screw shareholders. If you are dissatisfied, why not sell and move on instead of spewing crap?
Agree. They can't finalize the new loan if it permits diluting past the A/S, so the R/S has to be done about the same time or earlier. That loan implies 11M convertible shares at .05, which is illegal since it would exceed the A/S and that can't be changed until after a shareholder vote. Don't think any shareholder would vote for that. The R/S is a no brainer - it's already approved, and solves the problem. It also doesn't affect market cap.
Once the R/S is complete, there will be lots of shares available and they will probably be sucked up by larger investors that are looking for the Nasdaq listing. Market cap should fly then.
I picked up another 700k today under .05. That makes an even 13 mil with avg below .03. I have no intention of selling a single share until it's at least .50. I can wait.
If it bounces around .05 or lower, I'll probably pick up another mil once my other trades settle.
You assume wrong, and for the wrong reason entirely. You need to read the FACTS and not make empty assuptions. The FACTS are in the SEC filings at the corporate website under 'investors'. Oh, uh, also linked at the ihub board.
I always wonder why people don't read what is readily available to them, then make crazy statements that prove they didn't read it.
The R/S is 1 for 4, and it is to make room under the A/S, not to nudge the share price, although that is one effect.