It's a drop in a barrel , that's why market reacted as no news with no volume
Elephant in the room is, the upcoming Reverse Split , followed by note holders to convert them into shares and dump in the market.
Note holders cant do it now because of the A/S is tapped out, So debt holders waiting impatiently for the R.Split to take place so they can continue selling convertible shares regardless of how low the share price dips. Because they know, it is the only way they can get their money back fully
Otherwise selling assets and paying few hundred thousand dollars on almost $50mil. debt won't cut it.
Once gain, it is not wise to touch this before RS , even after you should wait for sometime , because of the reason explained above.
Anyway ,Here is the today's news for new comers:
InterCloud Sells Its Training Division for $1.4 Million and Disposition of $215 Thousand in Net Accrued Liabilities
GlobeNewswire•May 17, 2017
NEW YORK, May 17, 2017 (GLOBE NEWSWIRE) -- InterCloud Systems, Inc. (the "Company" or "InterCloud") (ICLD), a leading provider of cloud networking orchestration and automation solutions and services, today announced the sale of its Training Division. The Company’s training division provided professional services focused on education and training in the network arena. The asset was originally acquired by InterCloud in 2016 for $1.0 million in common stock. Under the terms of this asset sale, InterCloud received $1.4 million in cash, additional working capital adjustment and the elimination of approximately $215 thousand in net accrued liabilities.
Mark Munro, CEO of InterCloud stated, “the sale of this non-core business asset is a continued realignment of InterCloud’s business strategy and reduction of our outstanding liabilities. This sale enables InterCloud to focus on areas of growth and profitability; continue to improve our balance sheet and reduce the exposure to convertible debentures.”
