InterCloud Systems Inc. (ICLD)

[happykat]

What $57 million? You mean $5.7 million senior debt? They paid down $20 million of their SENIOR DEBT in SIX MONTHS!!! Do you know how remarkable that is? Subordinated debts have less priority, but they will get that taken care of too, especially since they are securing new contracts left and right. From Tuesday's PR:

Mark Munro, Chairman and CEO of InterCloud, stated, “In 2016, the Company began a systematic restructuring. The changes included the sale of certain assets to generate cash and reduce senior debt. Our senior debt now totals only $5.7 Million; which is down from $25.7 Million in June of 2016. The senior debt reduction along with the subordinated debt reductions since June 2016 now total over $27.4 Million. This is a significant and important reversal. Our team remains focused on eliminating or restructuring the remaining subordinated debt in order to reduce interest expense and increase the shareholder equity of the Company."