InterCloud Systems Inc. (ICLD)

[Jc314]

NEW YORK, NY / ACCESSWIRE / March 6, 2017 / Traders News Source, a leading independent equity research and corporate access firm focused on small and micro-cap public companies is issuing a comprehensive report with no obligation on InterCloud Systems, Inc. (ICLD). The company recently announced a reduction in its outstanding convertible debt through the sale of their high wire business division. ICLD sold its non-core business division of one of its wholly owned subsidiaries, ADEX Corporation (ADEX), and used the proceeds to eliminate $3,625,000 of secured convertible debt from its balance sheet.
Despite modest business performance in the past, ICLD suffered substantial dilution in stock, as lenders exercised rights to convert the debt into equity. Therefore, management is continuously focusing on realignment of its business strategy and reduction of debt through conventional asset based financing.