InterCloud Systems Inc. (ICLD)

[why_meil]

Market cap at $0.0014/sh is over half a million bucks. Way too high a valuation for a bankrupt company. And they are technically bankrupt. Their total debt far outweighs their total assets. No way around that.

And Xylan is correct. IF ICLD can't reverse split, there are only 2 options. They increase the authorized to buy more time, or close shop.

When they report numbers they will be dismal as usual. But Munro will still be happy because he gets paid off the backs of his shareholders. And he can kick the can a long way down the road as long as he can find new suckers to buy shares of his worthless company.

If everyone quit buying his stock that would really put the hurt on him. But every day there are are new suckers born, so I don't see him hurting any time soon. It's a shame though, because he doesn't think twice when he wipes out another one of his loyal shareholders.