InterCloud Systems Inc. (ICLD)

[navied09]

It is always an option, but it would not make sense in this considering what steps ICLD has taken recently. Goodwill and intangible assets account for approximately 65% of their assets, and they took a $11.2MM impairment on goodwill and a $0.4MM impairment on intangible assets when they sold VaultLogix. I don't see why they would want to reduce their assets if they were planning on BK. You never know though, another view would be that they did it in an effort reduce outstanding debts in preparation of BK. I personally don't see it happening, but I have been wrong before.