Verecloud, Inc. (VCLD)

[MONEYMADE]

$1M was loaned by TMG Colorado....SO GUESS WHAT HAPPENS WHEN THE PRIVATE EQUITY VULTURES DO NOT GET THEIR MONEY????

PEOPLE LIKE:
Adam J. Agron
[e-mail]
Denver
T 303.223.1134 F 303.223.0934


OF Brownstein Hyatt Farber Schreck ARE CALLED IN ON BEHALF OF TMG COLORADO AND THEY FLIP THOSE ASSETS FOR PENNIES ON THE DOLLAR.

Represented Verecloud, Inc., a communications service provider, in its tri-party recapitalization.
Related People: Adam J. Agron

WHO KNEW...2YRS LATER CLOUDRANGLER WOULD BE WORTH $12M RIGHT....
I MEAN AT THE TIME IT WAS "IN DEVELOPMENT" ROFL....ACCORDING TO THE CEO WHO RESIGNED AND NOW WORKS FOR THE SAME COMPANY THAT BOUGHT CLOUDRANGLER.

As of September 30, 2011, we had a negative working capital balance of $3,810,660, consisting of current assets of $269,156 and current liabilities of $4,079,816. This represents a decrease of $1,032,997 from a negative working capital balance of $2,777,662 at June 30, 2011. Our current assets consist primarily of cash, which is deposited in short term, interest bearing accounts, and accounts receivable. The Company intends to fund operations for the twelve months ending June 30, 2012 through a combination of (i) ongoing cash flow provided by cloud services sales to SMBs, (ii) the additional expected funding from TMG, and (iii) management of variable expenses.