InterCloud Systems Inc. (ICLD)

[why_meil]

According to Forbes, the worldwide cloud computing market in 2018 was 175.8 billion dollars and they expect it to grow to 206.2 billion in 2019 and projected to reach 411 billion by 2020. ICLD wanted to be in that space but it appears they decided to throw in the towel and go with a different technology with a smaller global market. I'm curious as to why they chose to do that?

My guess is Munro knew the end was near with ICLD so he jumped on any offer to unload his unprofitable company regardless of how pathetic the terms of the buyout were. You know they can't be good if original WaveTech stock holders will end up with 93-95% of the outstanding shares of the newly formed company. That leaves Intercloud shareholders with a pitiful 5-7% ownership in the new company. A very small slice of the pie.

And this company that plans to acquire Intercloud has problems of their own if they anticipate shares of the new company trading on the OTC Pink market. Oh they "say" they intend to trade on the NASDAQ one day, but if I had a dime for every time an OTC company CEO mentioned plans of upgrading to the NASDAQ I'd be a multi-millionaire.

I sincerely wish the best of luck to you and anyone else who plans to hold ICLD stock. In my opinion though the risks of holding far outweigh the potential for reward.

Full disclosure: I do not currently own any ICLD stock and I do not plan to ever buy any more. I dumped the last of my shares in early April at $0.081/sh at a huge loss. I felt like an idiot to sell at near the all time low share price at the time. And an even bigger idiot when the share price closed at $0.135 the next day. If I had waited just a day to sell I could have cashed out 67% more. But fast forward to today and I feel like a genius. The 8.1 cents/sh that I got is 135 times greater than the current share price. I'd be leaping off a tall building if I had held till now. But I remember back then thinking the share price couldn't go much lower because it was already down so much, so fast. Boy was I wrong!