Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
I'm sorry to disappoint you I don't have an agenda I'm simply a long and I believe in the restructuring effort and I believe the company will become cash flow positive and I am simply defending my stated position.
Yes there are always opportunities in the market and everyone is free to invest their money as they please.
There is no one that needs to become Columbo and investigate everyone's motive because we are all adults and we are capable of making adult decisions that are best for us.
Good luck to you sir
IMO
$40 Million Revenues
I had mentioned in a recent post that I am expecting annualized revenues of around 40 million dollars considering the assets we still have left on the books after the selling off of non-core assets.
I had mentioned that we need an average of 9 million dollars in revenues per quarter for the remaining three quarters since we had 14 million dollars in gross revenues in the first quarter of 2017.
This is still a very achievable goal and we may even surpass it based on revenues generated especially from the new technology introduced recently.
As the company now continues to address toxic debt which they have admitted that they desire to completely eliminate and as they get closer to Conventional Lending being approved because of an improved and the leveraged balance sheet I think the company can move faster towards becoming cash flow positive.
No matter how we look at it and how some people choose to spin things the bottom line is we have a much more improved and healthier balance sheet and we are on our way to becoming profitable. The company is getting more and more razor-sharp focused on becoming cash flow positive and taking the company back to the NASDAQ in 2018 and I believe both these things will happen in 2018.
As we continue on this road I believe at the appropriate time the shares will be more appropriately valued and there is no question there will be sharp upward Corrections in price from current levels.
IMO
You are correct Sir
Exactly the point I made in my post.
I see the restructuring effort as a success and as the CEO stated this is now going to allow them to become profitable which is the first key thing and it is also going to allow them to take advantage of the new technology they just recently introduced into the marketplace with a recurring Revenue based model.
IMO
The Company Response Again
I concluded my last post with the brief response I received from the company addressing my concerns, but I am posting the response here again so that once and for all we can put to rest the consistent idea that is certain poster keeps posting which is the fact that there are convertibles maturing and there may be a reverse split because of that maturity and so on and so forth and because this is his spin and a opinion-based rumor I wanted to get the straight answer from the company if they are going to address this and they said they are addressing it.
So from this point on do not believe anyone who tries to spin the convertibles that are maturing into translating themselves into another reverse split because that's not going to happen.
Again here is the brief response from the company I received this afternoon.
The response
"
If you sell multiple subsidiaries in the last 12 months your revenue reflects that. Between June of last year and today we have sold off more than $20 million in annual revenues. Our net loss is primarily due to onetime non-cash items, such as derivate expenses and impairment of assets.
As far as the convertible notes go, that will be resolved way in advance of the maturity. "
Bankruptcy is not on the table and another reverse split is not on the table at this time.
Your welcome:))
IMO
InterCloud Systems Reports Second Quarter 2017 Results
DOWNLOAD AS PDF AUGUST 14, 2017
InterCloud streamlines operations
Salaries and Wages decline 45% 2Q 2017 vs. 2Q 2016
Selling, General and Administrative Expenses decline 55% 2Q 2017 vs. 2Q 2016
SHREWSBURY, N.J., Aug. 14, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (OTCQB:ICLD), a leading provider of cloud networking orchestration and automation solutions and services, today reported financial results for the second quarter of 2017.
Mark Munro, Chairman and CEO of InterCloud, stated, "As I mentioned a few weeks ago, we have greatly reduced our liabilities and strengthened our balance sheet over the last twelve months. Our debt and expense reductions will enable us to achieve profitability and enable this Company to realize its potential through new products and services. We believe the steps we've taken over the past year have positioned the Company to capitalize on the immense opportunities in front of us and creates the necessary foundation for ongoing financial performance.”
2nd Quarter Financial Highlights:
Revenue for the second quarter ended June 30, 2017 decreased $14.5 million, or 64%, to $8.1 million, as compared to $22.6 million for the second quarter of 2016. This was the result of the reduction in revenue from subsidiaries disposed of during the 2017. Gross profit percentage was 20% for the second quarter ended June 30, 2017, compared to 23% for the same period in 2016. The overall decrease in gross profit percentage was due to reduced margins within the Company’s professional services segment offset by increased margins in the application and infrastructure segment.
The Company had a net loss attributable to common stockholders of $(12.0) million in the second quarter of 2017 compared to net loss of $(13.4) million for the comparable period of 2016. The decrease in net loss was primarily due to a decrease in the loss on extinguishment of debt of $7.1 million. Additionally, there were decreases in salaries and wages and SG&A expenses of $4.5 million and a decrease in interest expense of $2.1 million. These decreases were offset by a decrease in gross profit of $3.6 million and a loss of disposal of subsidiaries of $5.9 million.
IMO
Earnings out
Games games games
I see you crackers...lol
IMO
Traded over 500000 shares at .0185 and showing 10000 the whole time....uh huh lol
Niw showing 49000 dollar bid .0188
IMO
Confirmed with TA again.
They finally responded
Hello,
As of 8/14/17 9:15am, INTERCLOUD SYSTEMS INC. shows an OS of 303,950,521.
Best regards,
IMO
2.8 million shares on the bid at point 0182
IMO
I saw that too.
Hopefully it was retail and not vndm
IMO
I sent an email to the company about the possibility of an earnings release conference call but have not heard back so if anyone does give them a quick call you can ask them this very simple question and we'll find out if there is a call or not.
IMO
Call them or email them
mtampubolon@corporatestock.com
Melissa Tampubolon
Corporate Stock Transfer, Inc.
3200 Cherry Creek Dr. South, Suite 430
Denver, CO. 80209
IMO
Phone: (303) 282-4800 | Fax: (303) 282-5800
The correct information on outstanding shares is available with the transfer agent and is the most reliable.
OTC markets.com does not have the correct information at this time in my opinion on the outstanding share count
IMO
I'll raise
LOL TO YOUR LOL
FUNNY HUH?
IMO
Lol well I can't exactly put them aside and spank them buddy
He continues to state his one sided position. Its a one sided baseless rant from a nobody who owns no shares.
He makes me laugh. Play the game brother. He can't move anything when its time.
IMO
I Wholeheartedly DISAGREE:))
I think the balance sheet is looking a lot healthier and they will deal with the toxic debt.
IMO
Shotsky, thanks for your thoughts brother.
That's what makes the stock market beautiful it's open to interpretation.
Good luck Sir
IMO
Icld #37
On the Top 50 Most Read Boards
Expected to climb steadily as ER comes out Monday or Tuesday Pre open IMO
IMO
Change your Thoughts, If You want to change your outcome.
Your thoughts will cause you to take right or wrong actions.
How motivated would you be?
I have a question for you this Sunday evening.
If you were the CEO of ICLD, and you had just announced that as a show of commitment to the viability of your company, you along with a board member ( Durfee) were converting debt to equity to the tune of over $4.2 Million dollars and you knew you were doing it at a time where you could see and you were convinced that the shares were valued at an idiotic ridiculous valuation which would be unfreakingly blazing amazing if you took the company back to the Nasdaq and revived survived and prospered the company, would you be a little motivated?
If you know the inner happenings at the core of the company's heart, you know with some certainty whats coming and all that's gone into restructuring and realignment, you know the probabilities and timing of going cash flow positive, you know relationships and timing on getting working capital needs met, A/R at healthy level, you know revenue projections, you have had discussions possibly with lenders toxic and otherwise, would you stand to become a hero and make hundreds of millions between you and Mr.Durfee ?
So then Think like the CEO but as a shareholder. Or do you want to entertain stinkin thinkin and blame and let your negative emotions rule you based on comments of baseless meaningless agenda based nobody's who have no position or place to forecast and cloud your minds with pure BS (Pun intended):))
Is this the time to sell or buy? What do you really think?
I dont have all the answers. But I know where I stand.
Happy Sunday.
IMO
Yes exactly
I have been saying for a while that we have a great potential on a swift massive upward correction when vndm goes away
All the fundamentals have improved drastically. Technically its ready..but vndm has got to go away or take a long breather
IMO
Haha...hey that wouldnt be so bad would it really
Trust me I dont need to tell them how to do their job and what they need to do to get her done. I hope and trust they know exactly what they're doing.
I have communicated exactly my thoughts to them but whether they listened or not care or not I dont know.
I did what I could to serve the longs on thus board.
IMO
ER release
Looks like Monday before open or Tuesday pre open. Guess is Monday. We'll start a great week hopefully.
1st quarter sales were $14 Million so if we're going to do $40 MM plus in 2017, we need $9 MM Average for 2nd through 4rth quarters.
Assuming $40 MM Revs, lets look carefully at how much Operating expenses, Salary & Wage expenses (Remember just one unit A & W sold had almost 100 employees that dont have to be paid salary now),and SG & A expenses have gone down.
How much debt has been eliminated off the books. This is very important.
Look at how much convertibles were reduced.
Look for any guidance on October maturity convertibles renegotiated terms.
Look for guidance on timing of becoming cash flow positive.
Look for any guidance on their intent of going back to Nasdaq.
Look for any talk on getting traditional loans for working capital needs.
Let's look carefully at convertible notes/debs numbers March quarter end VS. June end numbers.
I expect debt numbers to have been drastically reduced with proceeds from sale of non core assets that happened in the second quarter.
These are the things I will be carefully calculating and comparing and studying in the upcoming ER.
Lastly, as difficult as things have been to look at post RS, it was almost entirely because of a handful of aggressive noteholders with a previous reputation of converting shares and dumping them into the market. We all know this will come to an end.
So with all tremendous and drastic although painful restructuring that has been executed to massively deleverage and improve the health of the balance sheet, and with surprise announcements by the company on success with getting traditional loans with better terms and
toxic debt elimination, the markets will surely cause a rapid upward correction in price.
I am a long. I have a loss in my position. I am not and never have been or intended to be a "pumper". I want all to prosper. I have put a lot if energy in defending my position. That's because I believe in the company and in this investment.
I believe things will get a lot better in 2018. The company will see a positive EPS. This is my position.
IMO
Thanks buddy...pretty much confirms everything I have been thinking and saying as a long ....
Nasdaq next year
Reduction of debt
Elimination of toxic debt
Cash flow positive
Increasing revs
Thank you for calling them
IMO
Thanks buddy
He likes to stir bs...not worth our brain cells truly
IMO
Lol its absolutely absurd
First he says he's selling a million shares and defends his declaration with a 3 yr old article. Then he says haha you shouldnt believe me and I'm actually accumulating...now he tries to stir crap again and he us totally NOT CREDIBLE
IMO
Yes we're entitled to our opinions
My opinion is you're not believable.
IMO
Nope the poster was mentioning something entirely different.
The one you mention is too new. Icld will most likely win a settlement at some point in the future.
IMO
Look I have said many times
Not Microsoft not Intel no company us being run by mother Teresa....they all spin lie cheat bs.
The company is saying they are looking to be cash flow positive eliminate toxic debt and get back on nasdaq. Lets let it play itself out if we choose to remain long
IMO
Yes I understand. We are all in the same boat. But if you're a long then either sell or atleast dont harm your own position by letting your anger and thoughts affect your own position negatively.
Thanks
IMO
The RS was awaiting finra approval. It effectuated the day after approval. It was shareholder approved Aug2016.
Your claims are baseless speculation. Your opinions at best.
Good luck .
IMO
Response from company on your 2014 posting.
"The lawsuit(s) was finished. The settlement was submitted to the Court for approval"
Lawrence Sands
IMO
The ER I had mentioned I was expecting between 11th and 15th a couple if times.
All BS speculation and opinions on timing of ER and this and other is just gibberish. Wait and see. It will be out soon enough. No need to bs speculate.
I got reply again as a response to munimis rs rumor
"There is no new reverse split currently planned that I have been made aware of. "
Lawrence Sands
IMO
2014
IMO
Go ahead and call them anyway....they're expecting your call
Let us all know what you find....or make up lol
IMO
Call them
IMO
Over $34000 0n bid
Get this vndm mofo n his sisters out
IMO
Mofo vndm must be at .0190
All the buys came in at .0190 ...almost 300000 n it stayed at 10000 @.0190
IMO
I agree. The ONE and Main reason for the price decline and price staying here even with much accumulation is the excessive noteholder selling.
When it stops, ICLD flies UP
IMO
CORRECTING and REPLACING -- InterCloud Systems' CEO and Board Member Exchange $4.3 Million of Personal Debt for Equity
SHREWSBURY, N.J., July 25, 2017 (GLOBE NEWSWIRE) -- In a release issued under the same headline earlier today by InterCloud Systems, Inc. (the "Company" or "InterCloud") (OTC:ICLDD), the Company's ticker was listed as "OTC:ICLD," rather than "OTC:ICLDD." The corrected release follows:
InterCloud Systems, Inc. (the "Company" or "InterCloud") (OTC:ICLDD), a leading provider of cloud networking orchestration and automation solutions and services, today announced that its CEO Mark Munro and Board Member Mark Durfee exchanged approximately $4.3 million of personal debt for restricted equity.
Mark Munro, CEO of InterCloud Systems, stated, "This conversion of personal debt into equity is a further demonstration of my commitment, as well as the Board's commitment, to InterCloud's restructuring plan. Board Member Mark Durfee and I have loaned the Company approximately $4.3 million in cash during the past few years. We have decided to exchange this debt for preferred equity with special voting rights as part of our plan to fix our balance sheet and increase shareholder equity. Absent a fundamental transaction, this preferred equity will not dilute our shareholders but will have an immediate positive impact on our balance sheet."
IMO