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Everyone coming out saying they predicted everything... price is already correcting. Everyone knows there are many games on the OTC... Easy to predict neg stock price when a company is going through restructuring. Odds are the stock price will go down in the short term with no news.
The point is if you want to hit a big return, you have to find companies with an undervalued share price. I think we all can agree ICLD is very undervalued. If they are ACTUALLY doing what they say they are, there is huge upside here at these prices.
If they come out with a PR and they have done nothing, that is the risk we all took to potentially have a big return.
I remain long and strong. I continue to ignore the day to day fluctuations. I average down on the dips and await news from the company updating their efforts. I didn't hear any news today and nothing was released... I assume nothing has changed and the games continue as usual. Big loss on paper this morning but don't let it scare you to sell. This stock could close even today for all we know. Many shares being accumulated right now at these prices.
Many shares loaded in the $0.01 - $0.011
Loading now. Company needs to announce an update.
They will keep spinning everything until the company releases an update. Unfortunately we have to listen to them until then... imo. At least they will have no credibility once everything they are spreading is proven to be false.
Are you serious? Read ICLD's quarterly report....
https://www.sec.gov/cgi-bin/viewer?action=view&cik=1128725&accession_number=0001213900-17-008704&xbrl_type=v#
They are under revenue recognition.... you can't miss it. Or maybe YOU can...
https://globenewswire.com/news-release/2012/11/26/507327/10013502/en/Genesis-Group-to-Acquire-Systems-Integration-and-Managed-Services-Provider.html
And as per the filing...
The Company’s IPC subsidiary, which is included in the Company’s managed services segment, is a value-added reseller that generates revenues from the resale of voice, video and data networking hardware and software contracted services for design, implementation and maintenance services for voice, video, and data networking infrastructure. IPC’s customers are higher education organizations, governmental agencies and commercial customers. IPC also provides maintenance and support and professional services. For certain maintenance contracts, IPC assumes responsibility for fulfilling the support to customers and recognizes the associated revenue either on a ratable basis over the life of the contract or, if a customer purchases a time and materials maintenance program, as maintenance is provided to the customer. Revenue for the sale of third-party maintenance contracts is recognized net of the related cost of revenue. In a maintenance contract, all services are provided by the Company’s third-party providers. As a result, the Company concluded that IPC is acting as an agent and IPC recognizes revenue on a net basis at the date of sale with revenue being equal to the gross margin on the transaction. As IPC is under no obligation to perform additional services, revenue is recognized at the time of sale rather than over the life of the maintenance agreement.
IPC also generates revenue through the sale of a subscription-based cloud services to its customers. Revenue related to these customers is recognized over the life of the contract. This revenue is reported in the managed services segment.
For multiple-element arrangements, IPC recognizes revenue in accordance with ASC Topic 605-25, Arrangements with Multiple Deliverables. The Company allocates revenue for such arrangements based on the relative selling prices of the elements applying the following hierarchy: first vendor specific objective evidence (“VSOE”), then third-party evidence (“TPE”) of selling price if VSOE is not available, and finally the Company’s estimate of the selling price if neither VSOE nor TPE is available. VSOE exists when the Company sells the deliverables separately and represents the actual price charged by the Company for each deliverable. Estimated selling price reflects the Company’s best estimate of what the selling prices of each deliverable would be if it were sold regularly on a stand-alone basis taking into consideration the cost structure of the Company’s business, technical skill required, customer location and other market conditions. Each element that has stand-alone value is accounted for as a separate unit of accounting. Revenue allocated to each unit of accounting is recognized when the service is provided or the product is delivered.
Try doing your homework before posting...
Thanks! My pleasure!
Great information! Thanks for sharing!
Now I wonder how long this can take to settle....
You bet! The next couple of weeks will be fun!
Thanks Kenny!
Yes lots of debt, but the idea is if they can restructure the current notes coming due and extend the date to say Oct 2020, they can focus on increasing revenues to cover the debts when they come due. The notes principle and interest is due at maturity so they are not having to make payments until the maturity date.
As I see it now, the 14.4M convertible notes coming due Oct 9th 2017 will have to be renegotiated as there is not enough shares available to convert. I believe we are around 180M shares remaining and 14.4M would be upwards of 900M shares. A/S at 500M actually works in our favour. I don't think any of this note holders expected the share price to be $0.015.
From what I understand they can only do a reverse stock split every 6 months in OTC. Trying to find confirmation of this. Anyone have a link?
Drys is a NASDAQ stock... different rules
Yes I will have to go through the rule book in its entirety.
I have no problem with the information - can you at least change the formatting so ICLD into doesn't look like a bunch of kids put it together. Looks like you copied and pasted some graph information but the cells and formatting aren't displaying properly. I added the most recent earnings in lieu of to show you can enter it in as a chart.
Some interesting findings from Subsidiaries of ICLD.
ADEX Corp job posting
https://www.adextelecom.com/component/jbjobs/guest/joblist.html 64 current job postings
Working with Google?
https://www.adextelecom.com/component/jbjobs/guest/detailjob/4992-mdu-account-coordinator.html
https://www.adextelecom.com/component/jbjobs/guest/detailjob/4945-fiber-osp-engineer.html
IPC Plus Limited – Integration Partners
http://www.integrationpartners.com/ 7 current job postings
Check out the Cloud Solutions Engineer job posting under “A few details about your day to day objectives;"
http://www.integrationpartners.com/careers/#cloud-solutions-engineer
Couple of big name clouds the successful applicant of the role needs to have knowledge about “Public Cloud Providers: Google Cloud Platform (Compute Engine Services), Amazon Web Services (EC2 Services)”
Companies are hiring so we can assume the contracts are coming in! Business is full steam ahead!
Yes true - I'm hoping they are not waiting till share price increases to dump more.
Heres what I have so far on the lawsuit -
On May 15, 2017, a complaint was filed against the Company in the Supreme Court of the State of New York, County of New York titled Grant Thornton LLP v. InterCloud Systems, Inc., Case No. 652619/2017, for breach of contract, quantum meruit and unjust enrichment. In the complaint, the plaintiff alleges that the Company breached an agreement with the plaintiff by failing to pay the fees of the plaintiff of approximately $769,000 and to reimburse the plaintiff for its related expenses for a proposed audit of the Company’s financial statements for the year ended December 31, 2015. The Company intends to vigorously defend this action, and has commenced a separate action against Grant Thornton LLP in the Supreme Court of the State of New York, County of New York titled InterCloud Systems, Inc. v. Grant Thornton LLP, Case No. 65424/2017 for breach of contract and fraudulent inducement relating to the engagement letter between the Company and Grant Thornton LLP and to recover the fees the Company paid to Grant Thornton LLP, as well as other damages.
Doesn't say how much fees they are looking to recover but could be significant...
But isn't there current debt that can still be diluted?
Going through everything today. Haven't seen anything yet...
No doubt.
I am wondering if Intercloud is delaying positive news until OS is close to maxed and dilution is done?
Any sort of positive news and increase in share price will be brought back down by share conversion.
Yes I understand so basically it is in the note holders best interests to renegotiate the OCT 9th notes terms as there will be not enough shares to convert... as there is only 180M shares available.
Is it confirmed they can't do another r/s for 6 months on the OTC?
Hey just trying to break down these 8% promissory notes due Oct 9th 2017.
Term Loan – 8% Convertible Promissory Notes
Effective as of October 9, 2014, the Company consummated the acquisition of all of the outstanding membership interests of VaultLogix and its affiliated entities for an aggregate purchase price of $36,796. The purchase price for the acquisition was payable to the sellers as follows: (i) $16,385 in cash, (ii) 252,173 shares of the Company’s common stock and (iii) $15,626 in unsecured convertible promissory notes. The closing payments are subject to customary working capital adjustments.
The promissory notes accrue interest at a rate of 8% per annum, and all principal and interest accrued under the promissory notes is payable on October 9, 2017. The promissory notes are convertible into shares of the Company’s common stock at a conversion price equal to $25.48 per share. A portion of the principal amount of the promissory notes equal to 20% of the principal amount on the closing date were not convertible until January 9, 2016.
On a date when (i) the shares are freely tradeable without restriction or volume limitations under Rule 144, and (ii) the average closing price of the Company’s common stock is 105% or higher of the conversion price on the three (3) trading days immediately prior to such date, the Company may deliver notice to the holders of the promissory notes electing to convert some or all of the outstanding amounts owed under the promissory notes into common stock at the applicable conversion price.
Additionally, if on or after the maturity date, (i) the Company is restricted or otherwise unable to pay in cash all outstanding amounts under the promissory notes, (ii) the promissory notes have not otherwise been paid in full within ten business days following the maturity date, or (iii) the Company is not at such time entitled to effect a forced conversion, then, in the event that both (i) and (iii) above apply, the Company, and in the event that both (ii) and (iii) above apply, the holders of the promissory notes, shall have the right to convert all outstanding amounts owing under the promissory notes into shares of the Company’s common stock at a conversion price equal to the average closing price of the Company’s common stock on the three trading days immediately preceding the date of such conversion.
As of June 30, 2017, the Company had not forced any conversions.
https://www.sec.gov/cgi-bin/viewer?action=view&cik=1128725&accession_number=0001213900-17-008704&xbrl_type=v#
The way I am interpreting -
1) If the company can't pay the notes in full and they are not paid after 10 business days VaultLoxgix can convert their 14.4M + interest promissory notes into common shares. If they decide to convert, and the 3 days preceding have a share closing of $0.015, $0.016, $0.017, they could convert the 14.4M at a p/s of $0.016 or 900,000,000 shares?
Many users that you see focus on one company and bash a company everyday are potentially market markers IMO. Remember anyone can make an account. Every stock on the OTC have these users, including ICLD as you know, and its starting to make sense.
Market makers attempt to control a stock price too the most efficient trading volumes.. By keeping the stock price low, anyone can afford to purchase a large portion of shares. This creates many buy and sell orders which is how marker makers are paid. We need to be educated on how the OTC works in order to make educated decisions on our buy and sell orders. Starts to make sense why some users actually make the right call here and there, when trying to put a negative spin on every single thing the company does. They walk the stock price down by creating panic, to find the most efficient prices levels that generate the most buy and sell orders.
After the DD I have done on ICLD and what I have read about the OTC and market makers, I have decided I am going to hold for up to 3 years (Obviously still making decisions based on the earnings reports). If the company is on track and following through with their promises(as they have been), I will see this through till the end. They did not promise we would not see hard times in their restructuring efforts. I am not going to worry about the day to day price as it is irrelevant (good read on this in the link below).
I feel confident in my choice to invest in Intercloud Systems. I have over one million shares, which I expect to reap a great return. We could see some spikes here and there in the $0.07 to $0.15 range, but I believe by holding strong we could see this company re position themselves very competitively in the market and either get up listed to NASDAQ or be a buyout candidate, which both scenarios would pay the shareholders handsomely. The company has already been on the NASDAQ. They know they expanded too quickly, and got over leveraged. They know what didn't work and can adjust their strategies accordingly.
From the aggressive reduction in debt over the last year, I am very optimistic that once completely eliminated or debt is restructured, this company could see the glory days again with a cash flow positive business model. I haven't seen many other companies in the $0.01 - $0.02 as established and have as much potential as ICLD. This prices do not reflect a company that is on track from over 40 million in revenues.
Invest what you can afford to lose. Do your own DD. Remember most of the time things don't happen overnight. Keep your expectations realistic.
This is all my opinion. Great read that was posted yesterday in the link below about market makers. We all need to understand how the OTC market works. I encourage anyone who has not read yet to take a look.
https://www.stockthoughts2.com/otc-market-maker-speaks-out/
I am working on getting some information from the company. I just have the email info@intercloudsys.com.
Does anyone have any other email addresses from the company I can add.
This is a penny stock... no one knows the games that are being played. It is reasonable to think this is the bottom... As we all know at a flick of a switch the price could double as we have seen in the recent past...
This is the response from the IHUB when I changed false or malicious information on the intro page.
"No Moderator should be editing or removing any other Moderator's content from the iBox without their approval. Please don't do this again as it's a violation of the Mod privilege and will get you removed as a Moderator."
Just to show we are restricted from taking action on the intro. Everyone is entitled to their own opinion on ICLD is what i was told.
If anyone wants to dig up some good information I will be happy to sticky and or adjust/add to the main page.
I believe this is the bottom with ICLD - We need to support their turn around cause. It's been rough but with such a drastic debt reduction, what did we expect. I am optimistic of the future and I believe the Q3 report will show positive results of the aggressive reduction in debt and salary expense.
Good luck
I know but why does it say NASDAQ?
Why would they not have done a R/S for 1/50-100 in the first place if this was the case instead of trying to get two r/s approved? O/S is not maxed out... no need for a r/s. And we all know r/s can take 6 months - a year to get approved...
Do your own DD and don't listen to malicious rumors.
Your Welcome
:)
Anyone know what is up with this?
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.
(NASDAQ:ICLDD)???
Nothing happens over night is what we have to take from this. A lot of people expect all the issues to be fixed and complete in this ER. It is clear they are on the right track however I expect the market to react negatively tomorrow am... Thoughts
Yikes... not good. What do you think tomorrow will bring?
In big on ICLD - expecting huge debt reduction! Earnings expected after hours!
Good luck!!
$ICLD - Earnings out after hours - Debt should be significantly reduced. r/s made shares available and an over due note was sold into the market crashing the price from $.12 to $0.0184 - Nothing had changed in the company. Extremely undervalued. IMO
Here comes the 2s!. Power hour will be insane imo!
LETS GO!
Order me one of those pints
CDEL @ 0.0179 ha...
I have 1 million shares - I want to buy more but that is a significant position right now. I was in pre - r/s so I have a lot of money in.
I going to ride out the 1 Million shares. Aiming for a .25 - .50 range to sell.
Ya I am hoping for after hours so we can review everything tonight... don't want to have to wait for the am ha
Id be very happy at the $0.15 range. I try not to think of the $1 range - Seems to good to be true in the short term.
But if their new security systems X-Barrier - (Next-Gen Software Defined Networks (SDN)) are profitable and no debt was acquired to set them up, the revenues could sky rocket. Also if debt is eliminated and there is no interest payments... WOW getting excited...
So this would give us a market cap of $5,562,2894. Wow so low....
I feel like if this was going to hit 10 cents really quick, the stock price would be a little higher than it is now with hype... What are your guys thoughts. So many shares have been accumulated below 2s.