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Kenny,
Yes. It isn't in this ER but WILL be in the next one so I'd bet the next earnings will beat this one for sure.
Since ICLD is in a fast growing sector, it won't take very long to grow themselves out of debt and into a profit generating machine.
If I have all the shares I have today in 3 years I will be very happy with this investment.
From the 10Q...
"Another reason for the decrease in our applications and infrastructure segment was the timing of certain projects. TNS recognizes revenue under the completed contract method, and certain large projects were not yet complete as of June 30, 2017. As a result, no revenue was recognized on these projects during the six months ended June 30, 2017."
About us
Who is InterCloud Systems?
We are a Cloud-centric Solutions and Services company serving enterprise and service provider customers.
Our mission is to partner with our enterprise and service provider customers in building a next generation cloud-centric solution by:
• Modernizing all layers of today’s infrastructure (storage, network, compute, virtualization and management) across Private, Public and Hybrid clouds
• Setting strategy, creating a business case and defining the architecture for cloud
• Building robust reliability, security and governance models for cloud
• Delivering a cloud-centric IT vision that is aligned to business value
• Providing world-class managed services that accelerate time-to-market
• Aligning operational efficiencies to adapt to next generation technology
Today’s modern business requires a scalable and agile IT organization. Cloud-centric solutions and services empower next generation IT organizations to deliver high-impact business transformation. Our aim is to leverage our highly skilled, vendor-neutral team to radically simplify this transformation by enabling customer to achieve on-demand cloud services (e.g., IT-as-a-Service (ITaaS), Infrastructure-as-a-Service (IaaS) or any Service (XaaS).
Our business focus areas include:
• Software Defined Enterprise (SDE): Specific focus areas include: Software Defined Networking (SDN), Software Defined Storage (SDS) and Heterogeneous Cloud Management Automation (a key building block to delivering on-demand cloud services).
• Cloud-to-Cloud Mobility: Delivering a strategy for migrating workloads on-demand to and from any Private, Public and Hybrid Cloud platform (e.g., AWS, Azure, OpenStack, VMware’s vCHS and even our own Cloud service offering!).
Our key partners and areas of expertise include:
VMware, EMC, Arista Networks, Cisco, VCE, SuperMicro, RiverMeadow, OpenStack, Puppet Labs, Palo Alto Networks – for a complete list please visit our website: www.intercloudsys.com
Company details
Website
http://www.intercloudsys.com
Year founded
2010
Company type
Public Company
Company size
201-500 employees
Specialties
Cloud-Centric Solutions and Services, Software Defined Enterprise, and Cloud-to-Cloud Mobilit
Tell me we aren't oversold...
"InterCloud Systems Inc’s Williams Percent Range or 14 day Williams %R currently sits at -102.00. The Williams %R oscillates in a range from 0 to -100. A reading between 0 and -20 would point to an overbought situation. A reading from -80 to -100 would signal an oversold situation. The Williams %R was developed by Larry Williams. This is a momentum indicator that is the inverse of the Fast Stochastic Oscillator."
https://claytonnewsreview.com/shares-running-on-volume-intercloud-systems-inc-icld/176155/
I would have thought we would be higher by this point!
Yes, I just feel like they have been working very hard to acquire new contracts and better technology than their competitors.
They can't have helped but to be closer to throwing off the chains and really gaining momentum in this HOT sector!
Just to reiterate the new uncounted sources of revenue that will be included in this report.
I'm hoping these will help to put us over the top for profitability!
This earnings report will be the point that will show people ICLD will whistle past the dark spooky cemetery and is heading right toward a sunny day on main street!
I'm anxiously awaiting this report so HURRY UP and LAY IT ON US, Intercloud!
If there is no r/s they have possibly had some success with the higher level financing.
After all, they have huge incentive to fend off any dilution with their own shares in play now.
This is why it's good to get some of this while it's dirt cheap and ride the wave up to a reasonable value for a growing entity in this sector.
TD Ameritrade shows .019 bid and .0199 ask.
Sounds good to me...I just don't know how they get their money back.
an aggregate of 613 shares of Series J preferred stock
an aggregate of 387 shares of Series J preferred stock
These must convert into a lot of shares...
I would still think that there's a lot of short shares because the price is so low.
The best part of this article is the last sentence...
"So when a stock loses $10 million in market capitalization in 7 days and nothing fundamentally has changed with the company and the selling shareholder seems to be done it might be time for value investors to step up and scoop up shares at extremely discounted valuations."
https://emerginggrowth.com/analyzing-reverse-split-intercloud-systems-otcqb-icldd/
Yes...All it takes is the right progress on the earnings report and it will send them scurrying to cover!
There will be new information on many different aspects in this report.
It will be very positive.
kl11i,
In the article Maverick posted, one of the charts shows there to be 36 million share short volume as of 7/20/2017.
Now we're 2 weeks later. I wonder what the count is now?
http://emerginggrowth.com/analyzing-reverse-split-intercloud-systems-otcqb-icldd/
Maverick,
Are you saying there's possibly over 300 million short shares right now?
Mark E. Munro, President - Munro Capital
Mark has been an investor in private companies for the last seven years. Prior to forming Munro Capital, Mark founded, built and sold two successful telecommunication companies in the 1990's and 2000's. Mark has been directly involved in over 150 million dollars of private and public transactions as both an investor and entrepreneur.
Mark presently sits on the board of four portfolio companies and has experience as a former Chairman of the Board of a NASDAQ Company. Mark's experience as a successful entrepreneur and investor make Munro Capital a perfect fit for small growth companies capital needs.
Mark received his B.A. in Economics from Connecticut College.
Smaller scale but still he's dealt with a lot of multi-million $ deals.
Mark Munro not Monroe...
I was wondering how many of the 50 million shares of preferred stock were given for the $4.3 million dollars of convertible debt.
Those preferred shares were issued at a premium to end of July prices.
I had figured they would have received 215 million common shares at .02 a share.
Yes. I know that but you stated in message #39139 that a stock split was a fundamental transaction. That is not accurate.
I just wanted to get that straight.
100% agree with you, Maverick.
I think the management has shown their dedication by guiding the company through a very precarious storm and the clouds are just beginning to clear!
I can see blue skies in the distance...
Shotsky,
From your message:
“Fundamental Transaction” means (A) a consolidation, merger, exchange of shares, recapitalization, reorganization, business combination or other similar event, (1) following which the holders of Common Stock immediately preceding such consolidation, merger, exchange, recapitalization, reorganization, combination or event either (a) no longer hold a majority of the shares of Common Stock or (b) no longer have the ability to elect a majority of the board of directors of the Company or (2) as a result of which shares of Common Stock shall be changed into (or the shares of Common Stock become entitled to receive) the same or a different number of shares of the same or another class or classes of stock or securities of the Company
This does not refer to a simple stock split. This is "as a result of" a major move from the (A) listing.
So I think a stock split is not a fundamental transaction.
Shotsky,
Maybe you can quote me the part of the definition that states a split is a fundamemtal transaction?
I think the convertible debt holders just keep selling right now but that has to abate at some point.
shotsky,
Since the management has said that rumors of a potential bankruptcy are false and malicious, the "fundamental transaction" term would be referring to a buyout or merger situation in which shareholders would have to be given whatever amount per share that was agreed upon for the sale or merger.
When they use the statement:
"This equity cannot convert or dilute the shareholders of this Company unless there is a fundamental transaction."
They mean they won't convert or dilute unless there is a merger or buyout.
Yes. That's a great detail!
I looked at the "Open Letter to Shareholders" from Jan. 12, 2016. There is a "Forward Looking Statement" at the bottom of the letter and none on the one just released on Aug. 2, 2017.
That is probably a positive sign that they are not fearing the future like they were a year ago.
Another positive for us to feel better about ICLD's ongoing progress.
I just wanted to mention the $4.3 million of their own money that the CEO and Board put into ICLDD last month.
This is such a huge insider buy compared to most types of buys of $5000 or $10,000.
How often do you see that much confidence from any investor concentrated in one company?
I say, if the CEO found this to be the best time to go all in then I should probably throw some cash at this right now, too!
Reverse splits be damned!
We'll see in 3 years where this company and stock are.
With an economy firing on all cylinders I have little worry about my investment.
Yes, repoman, dive is right but like some on here are saying, it's a recoiled spring that will violently release upward and get a lot of attention as it does!
Stay tuned to ICLDD for the next attention grabber!
Interesting read from June...
ByChris Sandburg
Posted on June 26, 2017
InterCloud Systems Inc (OTCMKTS:ICLD) gained close to 80% on its market capitalization last week and has gone from an under the radar technology microcap to the talk of the town amongst traders at this end of the space.
Our regular readers, however, were well aware of this one long before last week’s run.
InterCloud is a company that we have covered on numerous occasions over the last six months, with the most recent coverage coming as part of this piece. At the end of said piece, we concluded with the following:
“What we’ve got here is a company that is currently valued as the latter, but which has transitioned to the former. Markets are yet to recognize this transition, and in this lag in response lies the opportunity.”
When we refer to “the latter” in this conclusion, we are referencing what we deemed at the time as being a seemingly outdated view of InterCloud and its operations; one that priced in historic trends towards questionable capital structure and regular infusions of toxic debt.
“The former,” on the other hand, is how we refer to the company in its current form – a restructured technology play that, as per management’s efforts over the last six months, has streamlined its operations in an attempt to become a smaller, but far more attractive (from a shareholder perspective) entity.
We knew it could only be a matter of time before wider markets latched onto the disparity between perceived and actual valuation and, in turn, before InterCloud underwent some degree of reevaluation to accommodate this realization. Last week’s move went some way towards doing just that, but we still think there’s plenty of upside run room left in this one for the remainder of 2017.
Ultimately, our thesis remains unchanged and remarkably simple.
Management, led by CEO Mark Munro, is on a mission to unload a whole host of noncore assets and use the capital picked up on the back of this unloading to pay off senior debt. With said senior debt having weighed incredibly heavily on the company’s market valuation to date, it’s lifting should translate into a parallel appreciation in capitalization.
In other words, a removal of a downside pressure should translate to some upside gain.
Sticking with this thesis, the more pressure relieved, the higher the company should run.
At last count, there remains a little under $6 million senior debt still on the balance sheet. While we haven’t got word of any fresh asset sales subsequent to our previous coverage, we have seen news of some new contracts, each valued to the tune of multimillion dollars, and serving to demonstrate that non-core offloading shouldn’t have too much of an impact on InterCloud’s ability to generate topline revenues.
Further, and just as importantly, both of the fresh contract announcements relate to an area of the company’s operations called its NFVgrid platform – one totaling $2 million as per this release and a second totaling $1.5 million as per this release.
The important thing about the NFVgrid platform is that it lends itself to cash flow positivity – it’s relatively low input from an initial capital outlay perspective and, once in place, it’s easily scalable. For a company that is looking to shrink itself in an attempt to achieve cash flow positivity and, ultimately, to generate a return for shareholders, a focus on this sort of scalable technology makes perfect sense and is something that we are going to be watching closely for from InterCloud throughout the remainder of the year and beyond. In short, if management is able to build a decent portion of its business around this platform, there’s a solid chance of profitability at some point during 2018.
There is still some way to go, and anybody not already in the stock needs to take this into consideration before picking up exposure. While management is seeking to offload assets, some of its technology is capital-intensive, and there’s always the potential for a dilutive offering necessitated by the requirement to grow to meet demand.
With that said, we don’t see this as prohibitive to an exposure near term, and while we may see a short-term correction on the recent run, we expect the stock to quickly recover from any correction as newer participants load up at a discount on the dip.
https://insiderfinancial.com/heres-where-we-are-looking-now-for-intercloud-systems-inc-otcmktsicld/128924/
How much do you think this line from the lastest communication will add to the bottom line?
"Our new product releases have not even been factored in our current valuation."
Right, lock in profits as you go.
When earnings push this up then it will take less shares to pay the notes off. We will get to be debt free that much faster which will make ICLD that much more appealing to the market.
I just can't see this taking much longer to start being recognized as a value play by the deep pockets.
We will see some major moves up when they really take notice!
Ok...I think that is right about where I was too.
And figuring one more 1 for 4 r/s for debt and one 1 for 4 r/s to uplist that would leave 62,000 shares at $4 a share which is a very nice profit from here. $250,000 value that costs $20,000 right now.
I'm looking for an educated guess as to where the stock price will be in 3 years if someone owns 1,000,000 shares right now after accounting for reverse splits and uplisting on the Nasdaq.
And how many shares would be existing after the splits.
I know this takes some thinking but some of you probably already have a number after you've played through the moves.
Dvanajscak,
Can you look into the future at 2019 and 2020 and tell me where you think the stock price will be then?
Dvanajscak,
To me, the bigger question about ICLDD is where you think the price will be say 2 years and 3 years down the road?
This would of course be post whatever kind of reverse splits you think will happen between now and then.
We should just bare in mind that the Marks own possibly over 200 million shares themselves and would like to become "sick" wealthy if they can...
Can you give us a scenario of where you see things going?
Can a moderator please change the top of the page from $36 million debt to $32 million debt?
$4.7 million senior secured debt and $27.3 million unsecured debt.
And I hope this will be even better after earnings come out.
If this doesn't even get us over.02 then what will?
The debt reduction of $34.3 million over the last year has put ICLD in a much better position.
Management is making efforts to refinance the remaining debt to help shareholder value. When you hear that has happened the stock will rip straight up!
They are going the right way to recover from the downturn and time will prove the longs correct on ICLD.
ICLD can grow its way out of all the doubt that some have.
With a few more new healthy contracts ICLD will be cash flow positive which will look good to future creditors and investors as well.
They have been doing well with new contracts and I'm sure the CEO is pushing for these next few as they will make everyone sit up and take notice of ICLD.
Since the economy is booming right now I believe there's a greater chance of success and news is bound to break for what we need to hear.
Lower risk at these prices than most plays out there.
When we bounce it will be high...Stay long!
emma,
I don't think they would want to dilute their own shares any more than we want ours diluted.
Remember, they own a LOT of shares! They will do what they HAVE to do until the toxic debt is gone. There is a means to an end and hopefully they can cancel out the dilutive debt and refinance with conventional loans.
Management wants this poison debt gone as bad or worse than we do...It will be over eventually, maybe sooner than we all think!
Stay tuned!