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Hey fellow Stellar holders!
I'm looking for some input on this gem of a coin that's just waiting to rocket up to new yearly highs soon!
How high do you think she will go by the end of 2021?
I think $10 is a reasonable guess if we see an $100,000 Bitcoin.
Let me know what you think!
Einsteinium looks like a spectacular investment!
Will it get ME a Ferrari?
I will find out!
I believe I've left you speechless?
Is that your pic I see?
I'm sure you've read what a strong sector they're in.
Once they start gaining momentum as the whole sector starts to explode there should be no looking back!
Positive cash flow and growth will cure any pains they are feeling now.
This is an exhilarating investment that I believe gets past all these hurdles and lands on its feet!
I'm still staying long and maybe a little longer if the price gets any righter!
Thus, the reason for the 5 year agreement that management will follow rules spelled out in the court documents.
Prrroblem solved!
Yes, so $3 million and no more of those type of lawsuits.
Could insurance cover some or all of those costs? We'll have to see.
Might be a little pin prick.
10Q will tell the story.
Yes. This would be the time to be working on the issue.
Hopefully they announce as soon as this occurs as that will get a lot of people off the sidelines!
Yaghtsman,
I just wanted to clarify that you believe ICLD will be all right in the long run and you want to buy in at a lower price to get long, correct?
This is an important point to make as ICLD could renegotiate a new maturity date for the upcoming notes back to 2019 or later.
It is commonplace for the company to reach out to the holders prior to maturity and get the holders to agree to an extension of the maturity date – with the logic being that the company is unlikely to have sufficient funds to repay the debt, and the debt holders aren’t that excited about being repaid anyway. The debt holders get paid interest for a longer time.
So, now may be the right time to get long.
Hey Gregg!
I guess it's the shorts job to try to scare people out but the only problem is we have truthful information to counter their claims as management has been trying to keep us up to date as much as possible.
The naysayers even know ICLD will make it through the next year which should be the last of the struggle.
New revenues will change the whole outlook as the growth continues for ICLD.
JJ,
I see the same need for this type of cost cutting efficiency for businesses today. The technology is becoming a form of artificial intelligence that does the work for a fraction of the cost of the older tech and human input.
I have put a decent amount into this opportunity and am not worried as this has been taken down to bargain basement prices. Just a matter of time before we see a very nice reversal here.
The news of new fat contracts, reworked debt and the next earnings report will send this up! I have the patience to wait for the rest of the market to recognize what ICLD is really worth.
Aug. 2, 2017
InterCloud Releases Open Letter to Shareholders
8:00 am ET August 2, 2017 (Globe Newswire) Print
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.
Dear InterCloud Shareholders:
As we are a little more than half way through this tumultuous year, I would like to take this opportunity to reflect on the status of our restructuring efforts and our outlook moving forward. I am pleased to say that from an operations perspective, the last six months have been successful. Our prospects have improved since the beginning of the year and our operating costs continue to be reduced.
For the period ended June 30, 2016, we reported $25.7 million in senior secured debt and $40.6 million in unsecured debt. Currently, we have $4.7 million in senior secured debt and $27.3 million in unsecured debt resulting from cumulative debt reduction of $34.3 million over this period. And while our revenue for that six month period ending June 30, 2016 was over $40 million, we were heavily leveraged. Over the last twelve months, the Board of Directors and I implemented a plan to strengthen our balance sheet and reduce our operating expenses to restore value to our shareholders. During the period July 1, 2016 to December 31, 2016, we significantly reduced operating expenses. This reduction in liabilities and operating costs continued into 2017. During the first quarter of this year, we reported continued debt reductions as well as continued reductions in our operating expenses. We reported an additional $8 million quarterly debt reduction and a 20% reduction in our operating expenses. When we report our second quarter 2017 results, we expect to show continued debt reductions and cost savings. We have sold several non-core assets during the second quarter and used those sales to reduce our debt as well.
These reductions in debt and operating expenses have not been without a cost. In particular, our stock has declined due to certain debt holders converting their debt into the Company's common shares. Additionally, certain individuals are reporting false and malicious rumors of a potential bankruptcy. In order to dispel these bankruptcy rumors and show our commitment to the restructuring, Board Member Mark Durfee and I converted $4.3 million of our personal debt into restricted equity. This equity cannot convert or dilute the shareholders of this Company unless there is a fundamental transaction.
Our balance sheet continues to strengthen through this restructuring. Currently, our senior secured debt is approximately $4.7 million and our accounts receivable balance is almost twice that amount. We are reducing our existing convertible debt and attempting to secure conventional asset based financing for our working capital needs. We are making every attempt to eliminate the convertible debentures that have hurt our share price and market capitalization. With our reductions in operating expenses and improved cash flow from operations, we believe there is a light at the end of the tunnel.
While I'm as disappointed as most of you with our current share price, I do not believe that our share price and market capitalization accurately reflects the value of our Company and our assets. Our remaining subsidiaries produce approximately $40 million in annual revenues and operate profitably. Our new product releases have not even been factored in our current valuation.
Continued Outlook for 2017
InterCloud continues to maintain profitable relationships with some of the world's largest businesses including, AT&T, Verizon and Ericsson, to name a few. Recently we announced the launch of two new products: "X-Barrier", part of InterCloud's suite of network management and automation products for Next-Gen Software Defined Networks (SDN) and traditional network environments. These products target the network security vulnerability of the Healthcare enterprises. "NFVgrid SD-WAN" provides automated cloud-based provisioning and management of Customer Premises Equipment (CPE) and Virtual CPE (vCPE), through personnel-less data center locations. These new products are on the cutting edge of SDN technology.
As we move forward in 2017, we will attempt to bring these new products to market with strong profit margins associated with them. There is tremendous value in InterCloud that is currently unrealized. We anticipate our stronger balance sheet, continued product expansion and strong partnerships will produce improved shareholder value.
Sincerely,
Mark Munro
Chief Executive Officer
CONTACT:
Investor Relations
InterCloud Systems, Inc.
561-988-1988
https://resource.globenewswire.com/Resource/Download/330e2b10-57ee-4d32-842a-1f9a9f464ad3?size=1
Yes, that does take control out of the stockholders hands but I believe management will make the best decisions for the company and not miss opportunities because stockholders held things up.
Either, one believes ICLD is going to get back to the big time or fold up and go home. I think the latter is not very likely!
I'm riding this wave all the way in! Hangin' Ten!
The so-called "Phoenix Scenario" that one poster found online and decided to use it to scare the longs is not in any way going to happen here.
One reason this could easily be discredited is the fact that ICLD has a huge court case against their former CPA which could be months away from settling and should bring substantial financial reparations to ICLD.
They aren't going to shut down ICLD and walk away from this case.
The Negative Nancys around here seem to deal in fiction rather than facts.
It's usually a transparent attempt to muddle the picture here for any investors who don't know the whole company story.
May 8, 2017
InterCloud Systems Files Lawsuit Against Former Auditor Grant Thornton As Company Seeks to Redress Damages Caused to Company and its Shareholders
NEW YORK, May 08, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (NASDAQ:ICLD), today announced the filing of a lawsuit against Grant Thornton in New York Supreme Court for breach of contract as well as fraudulent inducement in connection with their engagement as the auditors of the Company in 2015.
Mark Munro, CEO of InterCloud stated, "It is the Company’s position that Grant Thornton breached its obligations to the Company and the result thereof was a domino effect which included the delisting of InterCloud from the NASDAQ. The Company and its shareholders have been damaged by Grant Thornton’s conduct and redress is being sought accordingly."
https://globenewswire.com/news-release/2017/05/08/980119/0/en/InterCloud-Systems-Files-Lawsuit-Against-Former-Auditor-Grant-Thornton-As-Company-Seeks-to-Redress-Damages-Caused-to-Company-and-its-Shareholders.html
and here is the website their new product will be sold through:
www.netlayer.io
NETWORK AND DEVICE
ANALYTICS AND MANAGEMENT
Next generation network and communications analytics
Data-driven orchestration and life cycle management
Smart monitoring and real-time network protection from unauthorized activity
From 07/11/2017
InterCloud launches multi-vendor SD-WAN solution
JULY 11, 2017
IDC predicts SD-WAN market to grow to $2.6 billion by 2018
SHREWSBURY, N.J., July 11, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (OTC:ICLD), a leading provider of cloud networking orchestration and automation solutions and services announced today its new solution for automated provisioning and management of multi-location/multi data-center networks – NFVgrid SD-WAN.
The software-defined wide area network (SD-WAN) is a specific application of software-defined networking (SDN) technology applied to WAN connections. Based on InterCloud’s NFVgrid - Network Orchestration, Monitoring and Management platform - the new solution provides to its customers, automated cloud-based provisioning and management of Customer Premises Equipment (CPE) and Virtual CPE (vCPE), through personnel-less Data Center locations.
The NFVgrid SD-WAN solution provides functions for the fully secure, encrypted connection of remote offices and data centers without any need for the presence of technicians onsite or any truck roll requirements. The solution fully automates initial customer premises equipment (either physical or virtual) roll out as well as ongoing management, maintenance and monitoring. InterCloud’s SD-WAN solution is 100% vendor agnostic so our customers can use any vendor of their choice, either proprietary or open-source.
In addition, NFVgrid SD-WAN provides unique, hard-to-duplicate Machine-Learning based network analytic functions that provides its end-users with capabilities to receive in-depth information about networking flow patterns and use for through network capacity planning, detecting abnormal networking activity, and blocking unwanted outbound and inbound networking traffic.
Mark Munro, CEO of InterCloud states that, "This is an incredibly exciting moment in the evolution of our cloud based solutions platform. This is a cloud based recurring revenue model solution. Our SD-WAN (Software Defined - Wide Area Network) has several differentiating factors to compete against the incumbent, MPLS, and other SD-WAN providers:
It is fully cloud based and does not require proprietary customer premise equipment
All remote location provisioning of the network is managed from our cloud hosted data centers
The solution is vendor agnostic
It is a multi-tenancy solution which is critical for resellers and customers
Our machine learning analytics and forensics provide deeper security than traditional networks
Customer SD-WAN locations can be turned on and off in minutes not weeks as in older networks
Our SD-WAN solution will lower customer WAN costs by 50% or more and provide agility and additional functionality
We offer a fully integrated "White Label" environment for reseller.”
IDC predicts very significant growth in SD-WAN segment estimating approximately $2.6 billion to be spent in 2018. “We realize that there is a great opportunity in the market for a more flexible, scalable and robust SD-WAN-based networking solution. We strongly believe that main distribution channel for InterCloud’s SD-WAN will be through Telecom providers, VOIP companies, UC providers, and Value Added Resellers; all of whom InterCloud has strong existing relationships. ”
http://ir.intercloudsys.com/press-releases/detail/898/intercloud-launches-multi-vendor-sd-wan-solution
"The global software as a service market (SaaS) is projected to rise at a spectacular CAGR of 27.90% from 2015 to 2022. The market stood at US$23.8 bn in 2014 and the opportunities in the market is projected to surge to US$164.3 bn by the end of the forecast period.
Based on deployment method, the market is segmented into public cloud, private cloud, and hybrid cloud. Of these, the public cloud segment leads the market and is forecast to remain so in the forthcoming years. The growth of the segment is likely to be fueled by their vast uptake of cloud-based products and services offered through this model. Regionally, the Asia Pacific market is predicted to rise at the leading CAGR of 32.10% during the forecast period and is forecast to offer abundant lucrative avenues for market players.
Adoption of Subscription-Based Models of Purchasing Software Bolstering Uptake
The rising demand for subscription-based model of purchasing software among businesses and private consumers is a key factor driving the SaaS market. The growing uptake of applications that are hosted remotely by a software or service provider on the cloud among enterprises is boosting the market. A substantial number of enterprises in various developing and developed economies have shifted away from on-premises infrastructure and IT applications to gain agility and save large upfront cost. This is a key factor bolstering the demand for SaaS. The increasing use of social media tools across enterprises has also accentuated the market in recent years.
The soaring popularity of pay-as-you-go model of service delivery is catalyzing the market growth. With the adoption of SaaS model, an increasing number of end users are gaining the twin benefits of universal accessibility of software and services and the remarkable flexibility in pricing. In addition, the notable benefit of scalability associated the SaaS has boosted their demand across enterprises. The implementation of SaaS method of delivery has helped several small and medium enterprises/businesses (SMEs/SMBs) reap competitive benefits of accessing expensive and high-functionality software. This is vastly propelling the demand for SaaS in various regions. The benefits of automatic updates and low cost of maintenance is further fueling the uptake among small subscribers."
http://www.editiontruth.com/software-service-saas-market-adoption-subscription-based-models-purchasing-software-bolstering-uptake/
That sounds good. Reassuring to the ones who can't drop by.
Thanks for that.
Found this address for InterCloud Systems in Jersey. Some kind of office space. I don't know how long they've had this.
331 Newman Springs Rd, Red Bank, NJ 07701
https://www.google.com/maps/place/InterCloud+Systems,+Inc/@40.325896,-74.0959194,14z/data=!4m8!1m2!2m1!1sintercloud+systems!3m4!1s0x0:0xaf3e3470fb69575a!8m2!3d40.3356802!4d-74.0953857
AUGUST 29, 2017
SHREWSBURY, N.J., Aug. 29, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc., a leading provider of network solutions and services, today announced that it was recently awarded a fiber build contract in California with a tier 1 service provider. Management believes that this contract may result in revenues of $5 million or more over the life of the contract. The work is expected to begin shortly.
Mark Munro, CEO of InterCloud Systems stated, “As we continue to develop a recurring revenue stream from our newly released products, our professional services division continues to secure large scale contracts to upgrade and service the networks of tier 1 telecom service providers. Our sales organization has a solid pipeline of new business and the outlook for this fall remains very positive for additional large scale opportunities."
http://netlayer.io/
Look under "Use Cases" and find SD-WAN as one part of ICLD's revenues.
The “Global SD WAN as a Service Market Analysis to 2025” is a specialized and in-depth study of the SD WAN as a service industry with a focus on the global market trend. The report aims to provide an overview of global SD WAN as a service market with detailed market segmentation by type, business type, end-user vertical and geography.
The global SD WAN as a service market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading market players and offers key trends and opportunities in the market.
https://www.whatech.com/market-research/it/377476-research-delivers-insight-into-the-sd-wan-market-forecast-to-2025
Yiddish.
Oy Vey, ICLD all the way!
Also let's not forget that there will be plenty of good news coming the second half of the year that will be helping the share price as any possible conversions occur.
The more debt that gets paid, the better ICLD will look so whatever will be will be positive news! It's really a win win for longs!
No Yaghtsman, I wasn't referring to you.
You bring thoughtful discussion to the board and new websites we didn't know existed. (haha)
I look forward to the day YOU get long here and contribute even more of your research findings!
Looking for some big revenue news again. Maybe to the tune of $10 million this time!
Glad to hear from you, Gregg.
Hope you aren't too close to Naples. They really took a hit!
I hope you didn't have too much damage.
Best to you and yours.
What does this guy from Seeking Alpha know?
"The report wasn't bad but missed the mark. All these convertibles are killing the pricing. There is real value in this company but the execs missed an opportunity to clarify how much was left to convert. Keeping the formula of conversion a secret serves no purpose. That is what is weighing this down. Now I want to be clear that there is about 15 mil of long term debt that is in friendly hands and that in all likelihood will NOT get converted into the market. That is some of the fear mongering going on. Dont believe anyone that tells you another reverse is coming. They can't do it for 6 months and it took almost a year to get the last one done. Their balance sheet will look much better in a couple of months once they have financing in place."
Aug 15, 2017. 05:36 PMLink
Reverse Split On Intercloud Systems Dissected - Michael Sheikh
https://seekingalpha.com/author/michael-sheikh/comments
westin,
There are several of YOUR messages that say ICLD will make it through these issues. Don't you remember?
Great Point!
That is the obvious information we should have connected sooner!
Touche', tommer!
You're going to cause shorty some anxiety...Thank you for the brainpower share!
ICLD WILL rise from the ashes and fly to the clouds.(pun intended)
Absolutely hanging on to my shares too!
We will win when she turns! It will be epic!
Hope it's going well!
We're having a green day with no news!
Maverick is probably repairing hurricane damage as we write.
He was a victim of Irma.
He'll be back!
Yaghtsman,
How did you happen upon the site?
I'm just curious...
See who Birch Communications bought in 2009...
Birch Communications
Acquisition timeline
The following is an incomplete timeline of major acquisitions by Birch Communications:
2005
Cinergy (November)[13][14]
2006
Trinsic Communications (August)[15][16]
Sprint Local (November)[13]
2007
IDT Telecom (April)[13]
2008
Birch Telecom (February)[17]
Navigator (November)[19][20]
2009
Cleartel (August)[60][61][62]
2010
Freedom USA (September)[21]
American Fibernet and CloseCall America (December)[21]
2011
Accutel of Texas (April)[22]
Cordia Communications (October )[23]
2012
Astrotel (April)[24][25]
dpiTeleconnect (May)[13]
Daystar Communications (October)[26][27]
2013
Covista Communications (March)[30][31]
Ernest Communications (August)[36][37][38]
Lightyear Network Solutions (September)[34][35]
2014
Liberty-Bell Telecom (June)[10][39]
EveryCall (June)[10][39]
Selectel (July)[40]
Cbeyond (July)[9]
2015
Orbitcom (June)[48]
2016
Primus Telecommunications Canada (January)[50]
https://en.wikipedia.org/wiki/Birch_Communications#Acquisition_timeline
I think Yaghtsman gave http://netlayer.io/ a premature birth.
I don't think ICLD was ready to announce until a later date.
I don't know where or how he found the website without a clue...
Oh, all right.
It sounded so genuine...lol
I think he was talking about the frantic selling one of the noteholders did right after the r/s.
The o/s was around 150 million right after the r/s and the noteholder sold in an irresponsible way.
in·ter·lay·er
/'in(t)er,layr/
noun
1.
a layer sandwiched between two others.
adjective
1.
situated or occurring between two layers.
http://netlayer.io/
I see this website as being a major revenue generator for ICLD.
I'd like to see ICLD put out some kind of PR concerning Netlayer and how it is situated under the ICLD umbrella.