InterCloud Systems Inc. (ICLD)

[DonJohn]

From the 8K -
The Company has reserved from its duly authorized capital stock a number of shares of Common Stock for issuance of the shares underlying the Exchange Notes at least equal to 100% of the Required Minimum on the date hereof. “Required Minimum” means, as of any date, at least million (2,000,000) shares of Common Stock; provided, however, after a reverse split by the Company to be
effected on or around March 31, 2017, such amount shall be equal to fifty million (50,000,000) shares of Common Stock.

To me this means they are in compliance without needing to do an RS since they currently have at least 2M shares remaining on the 500M. They are at 488M outstanding now. So I think the RS may not be done as soon as many of the naked shorts are hoping and wishing.

I think Munro will flip the script this time! GLTA