InterCloud bought companies to fill out their business model. They took out loans to form their company, sometimes using toxic methods.
In the past, I've done the same thing. Design them in, design them out. Basically buy what you need to get the business working correctly, then design what is needed to make it work and drop anything no longer needed.
ICLD selling a property they bought for 1 mil at 4 mil means they made a huge profit on it. They also got 11M rev from it last year. That doesn't mean they no longer have the capabilities provided by that company, it means they may have simply designed them out, sold it at a profit, paid off debt with another payment to come that will pay off het another loan. Smart. If they still needed that revenue, it would not have made sense. So they must have integrated that capability inside ICLD, if it is still a needed capability. My guess is that they can still do what that sold that asset did.
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