Replies to post #33086 on InterCloud Systems Inc. (ICLD)

[shotsky]

I have read it multiple times, and still don't find a 20M 'toxic' debt burden. What I do see is that some loans are defined as convertible, BUT this note:
With the exception of the notes outstanding to RM Leasing and Tropical, all term loans are subordinate to the JGB (Cayman) Waltham Ltd. And JGB (Cayman) Concord Ltd. Notes, which are guaranteed by all assets of the Company.
What that means to me is that most of the convertible debt will not be converted (because it is secured), but the loans will be paid off as agreed.