Q3 and the latest development speaks for itself.
the Class Action lawsuit and Derivative Actions that burdened the Company since mid-2014 have finally been settled and terminated as of December 5th 2017.
Our senior secured debt which was approximately $9.4 million when we reported our December 31, 2016 numbers, is now less than $3.5 million.
A stronger balance sheet and the elimination of toxic debt will enable us to develop and market our cutting edge products we had previously announced. X-Barrier and NFVgrid are part of a suite of network management and automation products for Next-Gen Software Defined Networks (SDN) and traditional network environments. In 2018, we expect a restructured InterCloud will bring these new products to market with associated strong margins.
A good detective work always pays off.
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