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http://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=23053
The $5,000,000.00 equity line is for expansion / growth. Seems to me like Blackbridge could care less if shareholders are unhappy with ABCO Energy's management/communication/balance sheet etc Something tells me they know a tiny bit more than us whining bag holders lol.
50 mil authorized shares and 26 mil shares outstanding. The entire float can be bought up for $250k right now. Does anyone think that a company willing to invest up to 20x that hasn't done their due diligence?
http://www.otcmarkets.com/ajax/showNewsReleaseDocumentById.pdf?id=23053
http://www.otcmarkets.com/stock/ABCED/profile
We broke "$0.016 support" yesterday.
Not to worry though. Chart looks like a retest of the candlestick base formed between 1/12-1/17 which previously we had a very strong green extended range candle which rocketed out of this area.
It sure seems like the trend is more and more contracts and revenue growth.
Intercloud Systems CEO Mark Monroe on $ICLD's latest Quarterly earnings:
Our third quarter net income of $2.1 million versus $2.9 million net loss in Q3 2015, third quarter revenue grew 11% to $19.6 million. Third quarter gross profit increased 15% to $5.6 million, and overall nine month revenue in 2016 increased 8% year-over-year to $59.8 million in total revenue thus far.
Reported revenue and margin growth for Q3 2016 and year-to-date results are a significant accomplishment given some of the challenges we have faced during 2016. Our sales and operations organizations have performed well during the year, and I want to take this opportunity to thank our entire staff for the incredible hard work in 2016 and we look forward to a strong fourth quarter and even better 2017.
As we move into Q4 and into 2017, our team is focused on several very specific and major initiatives. One, continued organic growth and drive positive cash flow and eliminate any losses. Two,lower senior debt and ultimately extinguish it. Three, restructure our subordinated debt and lower our interest expense. Four, sell non-core business units to raise capital and accomplish the goals that I just mentioned, and reducing our senior and subordinated debt. Produce multiple quarters of positive cash flow and uplift to NASDAQ or NYSE.
One of the most important factors for our investors to understand is that InterCloud subsidiaries have been growing organically and producing earnings and this is what will ultimately allow us to accomplish these objectives that I have just outlined. Our management team has been working diligently on our immediate goals of driving positive cash flow by cutting operating costs during 2016, and we will continue to do so through the end of the year. Thus far we have got approximately $7.9 million in annualized expenses from payroll, professional fees, and other areas of the business units all since June of 2016.
If all these cuts were made prior to third quarter 2016, InterCloud would have experienced approximately $1 million of EBITDA in Q3, and this is a very important factor for people to understand just how deep these cuts have gone. Our firm commitment is to continue to drive down costs and achieve positive cash flow in the near term. Realize that this is a must and we are moving forward on several additional cost-cutting fronts to make this a reality.
This remained difficult over the past few years as we built out a team for our network software development and sales and service organization. This business unit has been transformed into a much leaner organization, and is now driving some of our highest margin revenue. This is a major shift from our previous years and is making InterCloud’s turnaround much more positive.
Our subsidiaries continue to run profitably and generate cash flow. We have embarked on a plan to sell certain assets as mentioned earlier to generate additional capital to assist us in paying down our remaining senior debt. Since June we have reduced our senior debt by over $17 million, and remain focused on continuing down this road. For that we reduce debt and lower interest expenses.
We believe that a slightly smaller company, which is profitable and drives cash flow is a far better result than building top line revenue and is [at a loss]. In addition, we have streamlined our software development efforts and have finished product that no longer needs large-scale capital investment. We realize that we have a very low market cap today and many investors are not happy. Our management team understands the difficulties this has brought to some that we are very confident that if we simply stick to our plan as I just outlined, to streamline operations as we have been all summer, focus on paying – continue to pay down our senior debt, and generating positive cash flow that this company is in a great position to make a major turnaround.
Read more: http://www.nasdaq.com/aspx/call-transcript.aspx?StoryId=4022426&Title=intercloud-systems-icld-ceo-mark-munro-on-q3-2016-results-earnings-call-transcript#ixzz4XlZuQHaI
They were on track for 80mil in 2016. At the end of Q3 they were at 59mil.
Too many swing traders undercutting VNDM destroying our run and increasing the note conversion duration here. I hope they get left behind.
"Now commanding a market cap of $1.5M, ICLD has a significant war chest ($2.6M) of cash on the books, but that war chest is dwarfed by a mountain of debt that now stands at about $17.1M in total current liabilities. ICLD is pulling in trailing 12-month revenues of $71.4M. However, the company is seeing declines on the top line on a quarterly y/y basis, with revenues falling at -3.3%. We will update the story again soon as developments transpire."
From this article:
http://oracledispatch.com/2017/02/03/update-penny-stock-intercloud-systems-inc-otcmktsicld/
Q3 2016 for Intercloud Systems was NET PROFITABLE as well as major expansion for 2017 including end goal of up-listing back to NASDAQ.
http://www.nasdaq.com/aspx/call-transcript.aspx?StoryId=4022426&Title=intercloud-systems-icld-ceo-mark-munro-on-q3-2016-results-earnings-call-transcript
http://streetregister.com/2017/02/02/intercloud-systems-incotcmktsicld-rebounds-over-100-off-its-52week-low/
http://oracledispatch.com/2017/02/03/update-penny-stock-intercloud-systems-inc-otcmktsicld/
https://www.insiderfinancial.com/intercloud-systems-inc-otcmktsicld-must-turn-around-soon/119091/
Next week we drop the D no?
You almost out CDEL?
WTF
Check the daily too. Zoom out to 1yr. Not thinking we get $1.17 but I can accept that. How about $0.17 within 6 months?
The filing shows the shares were not acquired or disposed of. Just reduced by the RS effectively
Just simply an update to the number of shares held. The quantities are identical to 1/10th the previous shares. (Post RS) which was filed Dec 15th
Almost gave me a heart attack. $HTCI is $22
Go $HTIC
Nice day here. Sick volume. Looks like smart traders loaded the dip.
Funny like haha? Or funny like puzzling why short sighted retail is undercutting VNDM to bring it down.
Next week 3s
Zoom out on the chart. Zoom out!
Patience will be required here.
Selling / diluting is completely different than shorting bro.
Both of which are coming to a close.
I prefer to buy BEFORE the dilution ends.
JMO
Just approved as moderator for ICLD. If you want to, post a couple links to recent contracts and revenues and I will sticky it.
1 milly bidding at $0.03 right now
ICLD is part of a very small elite trading OTC QB with millions in revenues and net profits which are growing. Cloud systems are the future and this company is positioned well.
$0.10 in the next 6 months maybe sooner. ICLD is a buy and hold.
New name?
Nothing nasty about this chart at all. 50EMA curling up and providing support. Chart looks coiled to me. Going to go berserk when Iconic is done.
2.1 mil is about half of what it was the other day. Looking great here. Adding tomorrow.
Please provide the link to this discussion. I also trade Forex and would like to read this article. Thanks
You mean hold and add
One of these days this is going to run without notice and many will be left chasing. Some may want to wait until we drop the 'D but in my opinion now is the time to buy.
Standards for Continued Eligibility
To remain eligible for trading on the OTCQB marketplace, the Company must:
1) Maintain compliance with the Company’s Ongoing Disclosure Obligations under Section 2.2 of these OTCQB Standards;
2) Have proprietary priced quotations published by a Market Maker in OTC Link with a minimum closing bid price of $0.01 per share on at least one of the prior thirty consecutive calendar days. In the event that the minimum closing bid price for the Company’s common stock falls below $0.01 per share, a grace period of 180 calendar days to regain compliance shall begin, during which the minimum closing bid price for the Company’s common stock must be $0.01 or greater for ten consecutive trading days
https://www.otcmarkets.com/content/doc/otcqb/standards.pdf
Pointless to watch this one. It'll run soon no doubt. Blackbridge isn't here for nothing and they will likely want ABCE to remain QB which means we are at the bottom
Lol
My thoughts are recent price action for BAA has been less correlated to GLD due to fears regarding default. Those fears are now gone which are slightly offset by the big "D" word but yes. To me this is bullish news. What will GLD be trading at in 3 years when BAA is raking in the profits? The next pmt shouldn't be an issue. Maybe even an interim JV or buyout. Let's see
In a mtg right now. Can somebody break this down to basics.
IMO this is bullish. The threat of BK is GONE
Breaking past recent high of $0.035 this week?
Severely undervalued at current levels.
After Iconic is fully "paid" the "agreement" is over and they will also be allowed to buy and hold more than 9.99%. Someone correct me if i am wrong.
Keep in mind retail has been blocking the ask for the last several days including today. It would be much smarter for them to just hit VNDM directly and keep their itchy twitchy fingers away from the mouse.
I think we can officially give ICLD a "OUTPERFORM" rating considering much of the OTC is red today. Looking very strong here. Profitability within sight this year which is epic considering the small market capitalization when compared to the huge revenues.