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Friday, March 28, 2014 11:52:25 AM
Not really following, but wish I knew about today's move!
InterCloud Systems, Inc. (Nasdaq: ICLD) is up over 18 percent Friday. The company became aware last week of allegations made on a website known as the Southern Investigative Reporting Foundation ("SIRF") that the Company purportedly paid certain people to write articles and make certain alleged misrepresentations about the Company. InterCloud takes any such allegations seriously and so, in response, the Company hired a former senior federal prosecutor with the United States Securities and Exchange Commission Division of Enforcement and tasked him with conducting an investigation to determine whether there is any truth to these allegations. As a result of this investigation, the Company is now in a position to state that these allegations are wholly without merit.
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