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They have shareholders approval
They are waiting for finra approval
Yes its 125 million used
And 375 million free
They are doing it
They are waiting for approval only
Send an email to company
Approval may not have come yet
But as soon as they get it
Its a done deal
4 to 1 is not bad
What matters is how the 375 million available shares get used going forward
In other words will the dilution be offset with good news and buying frenzy.
The gap is only 5% away
I think closing it with a quick dip & rip is not bad
Closing it will bring in buyers who cannot sleep until a gap gets filled lol
Like this notorious flipper
https://twitter.com/OTCMillionaire/status/847472454574395392
Do yourself a favor and send the email.
1030 BROAD STREET
SUITE 102
SHREWSBURY, NJ 07702
Website: http://www.intercloudsys.com
Phone: (732) 898-6308
Email: L.Sands@intercloudsys.com
There is zero ambiguity on when the 4 to 1 RS is coming.
The 4 to 1 RS is "on or around March 31st"
Exact date will be communicated when it is official (aka approved)
Here are the wordings of the two filings.
On March 14,2017 the 10K talks about the approval window. In other words the deadline to have it done by as approved already by shareholders.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11929210
"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"
On March 10th,2017 the 8K talks about the execution date approximation.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11922579
"Following the effective date of a 4-for-1 reverse stock split to be effective on or around March 31, 2017"
Low .0302
Soooo close
May as well fill it and get that topic over with once and for all
Quick test and up
Geeeezzzz
RS coming soon
Company is just waiting on approval
A simple email to company will verify this for you.
Yes
Not sure what is Warren's game plan
He went from very chatty to extreme quiet.
Maybe there is a reason ?
Who knows at this point.
Every investor has his limit on patience.
Mine has run out (after 6 months and only a loss to show for it)
I have sent many emails to Warren showing him examples of other penny CEO's and there shareholder regular updates. 90% of my emails go unanswered.
This is my last post on this board
I will quietly exit without advertising when I do (hate peeps that do that)
Best of luck on those holding
Sincerely hope Warren comes through for you.
As for our favourite negative poster on this board, she is following me on other boards lol
Some cheap that strayed from the flock will sell tomorrow.
And then there is the continued dilution factor.
Gonna take alot of bulls tomorrow to prevent another red day.
Goodluck
Ok good
Updated tweet
**Closed $OPMZ, $TXHD, and $PLSB. Wanted a clean slate before the spring/summer months. Important supports broken lead to this decision. **
— ☀️Alex Sunderland☀️ (@SUNNYLAND24) March 30, 2017
Nothing is stopping the CEO to put out a shareholder update PR
A tweet
Anything really
Extension of 5 days was filed Feb 15th... 6 weeks ago
" The Company’s officers have been working diligently to accomplish a timely filing of the Quarterly Report on Form 10-Q for the period ended December 31, 2016. However, we now require additional time to finalize the report within the spirit as well as the letter of the Commission’s rules. Accordingly, the Company’s preparation of such Form 10-Q could not be accomplished in order to permit a timely filing without undue hardship and expense. The Company expects to be able to file such Form 10-Q no later than five calendar days after its original prescribed due date."
Thats a good point
10 cents I believe is one such minimum price
Actually that's not the way conversions work.
It's all about shares and the number of shares is based on the conversion price which is usually at a 40-50% discount based on either an average over so many days or some other formula.
Debt holders never lose and usually make a hefty profit.
If the RS is not factored in, the number of shares would quadruple.
So its important that it is !
I believe it is.
I hope it is.
Blind faith is very costly
2 days left to EOM
Still no GAP fill
Not all gaps fill
fact
Low volume
5 red days in a row
Looking for green tomorrow
I would think
Where is the 8k showing it like today's 8k
I take it conversion rates are also are multiplied by 4.
Example;
Lets say a note came due today and they're were shares available in the OS.
Not the case of course which is the reason for the RS.
Now lets say there conversion rate is at a 50% discount on a 20 day vwap
This would be around lets say (guesstimate of around .04/2 = .02)
Now after the RS would the .02 now become .08 ?
Logical I would assume it would.
Probably...
Just hate the way this is hyped when dilution is clearly ongoing creating new bag holders.
Watch green close?
I watched, it was very very red close
This is why
$160,449.00 of payable notes as per last 10q
Only 31k serviced at conversion rate of .001 as per 8k just filed
"On March 22, 2017, Vista Capital converted $20,100 in exchange for 23,647,057 shares. The remaining balance of the Vista Capital note is $0.
On February 18, 2017, JSJ Investments converted $11,216.34 in exchange for 10,029,675 shares. The remaining balance on the JSJ Investments note is $0."
130k left which is probably what you saw today. (Dilution) and since March 23rd.
They can drive this lower and still make a killing
Trading well ?
Down 35% ?
Not so fast !
$160,449.00 of payable notes as per last 10q
Only 31k serviced at conversion rate of .001 as per 8k just filed
"On March 22, 2017, Vista Capital converted $20,100 in exchange for 23,647,057 shares. The remaining balance of the Vista Capital note is $0.
On February 18, 2017, JSJ Investments converted $11,216.34 in exchange for 10,029,675 shares. The remaining balance on the JSJ Investments note is $0."
130k left which is probably what you saw today. (Dilution) and since March 23rd.
They can drive this lower and still make a killing
Really lol
Dilution on full throttle here as I explained on my previous post
Once this crosses the 50 MA, the next strong level of support is the 200ma at .33
Mid December 2016, this was hovering around a dime.
Still up over 1000% from just a few months ago.
Last 13g only allowed a maximum number of shares which was duly exercised and hitting the market.
"Reporting Person has rights under a convertible note to own an aggregate number of shares of the issuer common stock not to exceed 9.9% of shares outstanding. "
This round netted only 24 million shares of dilution based on 244,948,828 shares of Common Stock.
At a conversion of .001, thats only 24k serviced off the debt
Are you saying the debt is only 24k ?
If not, expect to see more 13g's to follow this one until the whole debt is serviced
Dilution is far from over here.
That is one stubborn gap lol
Where is clay today ?
Guess his sheep covered today
You expect .25 on or around March 31st ?
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=11922579
"Following the effective date of a 4-for-1 reverse stock split to be effective on or around March 31, 2017"
Clearly reading the 8k does not explain the reason WHY the reserved shares jumped from 2 to 50 million (25 times) after a 4 to 1 RS.
It makes zero sense.
Risks of being short on a solid penny (pre-NASDAQ) like $ICLD.
Here is a good video.
https://claytrader.com/videos/short-penny-stocks
Here is an example of a short gone bad.
http://www.businessinsider.com/joe-campbell-gofundme-page-for-e-trade-2015-11
$ICLD is very serious about lowering and eventually eliminating all its debt and is doing a great job.
Selling a non core asset for 4.9 million dollars (that it only payed under 1 million for) and applying it to paying down debt says alot.
See below for details...
http://www.otcmarkets.com/stock/ICLD/news/InterCloud-Reduces-Convertible-Debt-with-the-sale-of-High-Wire-Business-Division?id=152275&b=y
OTC Disclosure & News Service
NEW YORK, March 01, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (NASDAQ:ICLD), a leading provider of cloud networking orchestration and automation solutions and services, today announced the sale of the High Wire Networks division of ADEX Corporation. ADEX’s High Wire division contracted with telecommunications infrastructure manufacturers to install the manufacturer’s products. The asset was originally acquired by ADEX in 2014 for less than $1.0 million and accounted for approximately $11.0 million in annual revenue in 2016. Under the terms of this asset sale, InterCloud received $4.0 million in cash and is expected to receive an additional working capital adjustment of approximately $0.9 million, to be paid in six months. The proceeds from this sale were used to reduce secured outstanding debt.
Mark Munro, CEO of InterCloud stated, “The sale of this non-core business asset is a continued realignment of InterCloud’s business strategy and reduction of our outstanding liabilities. This sale has given InterCloud the opportunity to continue to improve our balance sheet and reduce the amount of convertible debt causing shareholder dilution. We are continuing to explore other non-core asset sales as well as a conventional asset based lending solution, to reduce the exposure to remaining convertible debentures.”
$ICLD's Operating Units
"Through a series of acquisitions, we have expanded our service offerings and geographic reach over the past four years. Our company is comprised of the following operating units:
Integration Partners-NY Corporation. Integration Partners-NY Corporation (“IPC”), is a full-service voice and data network engineering firm based in New York that serves both corporate enterprises and telecommunications service providers. IPC supports the cloud and managed services aspect of our business and expands our systems integration and applications capabilities.
ADEX Corporation. ADEX Corporation (“ADEX”) is an Atlanta-based provider of engineering and installation services and staffing solutions and other services to the telecommunications industry. ADEX’s managed solutions diversifies our ability to service our customers domestically and internationally throughout the project lifecycle.
AW Solutions, Inc . AW Solutions, Inc. and AW Solutions Puerto Rico, LLC (collectively, “AW Solutions”), are professional, multi-service line, telecommunications infrastructure companies that provide outsourced services to the wireless and wireline industry. AW Solution’s services include network systems design, architectural and engineering services, program management and other technical services. Through Logical Link, an Outside Plant (OSP) engineering company, AW Solutions provides in-field design and drafting of wireline, fiber and DAS deployments. Logical Link also performs construction and installation through subcontractors.
T N S, Inc. T N S, Inc. (“T N S”) is a Chicago-based structured cabling company and DAS installer that supports voice, data, video, security and multimedia systems within commercial office buildings, multi-building campus environments, high-rise buildings, data centers and other structures. T N S extends our geographic reach to the Midwest area and our client reach to end-users, such as multinational corporations, universities, school districts and other large organizations that have significant ongoing next generation network needs.
Rives-Monteiro Engineering LLC and Rives-Monteiro Leasing, LLC. Rives-Monteiro Engineering, LLC (“RM Engineering”) is a cable firm based in Tuscaloosa, Alabama that performs engineering services in the Southeastern United States and internationally, and Rives-Monteiro Leasing, LLC (“RM Leasing”, and together with RM Engineering, “Rives-Monteiro”), is an equipment provider for cable-engineering services firms. RM Engineering provides services to customers located in the United States and Latin America.
Tropical Communications, Inc. Tropical Communications, Inc. (“Tropical”) is a Miami-based provider of structured cabling and DAS systems for commercial and governmental entities in the Southeast. "
$ICLD March trading volume so far.
(Not including today)
Over 70 million dollars has traded since March 1st. (18 trading days)
Our average volume per day in March is 109,782,664
Our average volume per day for the months of Jan & Feb 2017 combined was 11 million.
The daily average volume for March is on average 10 times higher.
All volume facts can be found at the link below.
http://www.nasdaq.com/symbol/icld/historical
In the last 18 trading days (Since March 1st) , total volume was a staggering (1.976 billion shares) 1,976,087,960
For the whole month of Feb it was 259,819,494
For the whole month of Jan it was 187,674,972
With the OS near/at the max of 500 million, the float has effectively turned just under 4 times since March 1st.
You cannot hold a stock down with this amount of dollar volume.
Volume before price.
This volume has created a stronger & higher base which will help propel $ICLD to new highs.
Nice professional presentation on $ICLD
Or maybe the 50 million also gets divided by 4 on the RS making it a more reasonable 12.5 mil shares
Yes divided by 4 would be logical if the pps did not come down so significantly.
So I believe the number got refactored based on current pps and worst case perceived pps in the future.
So worst case perceived pps after RS and 50% discount is .022
Yes it could just be an error