Replies to post #1326 on InterCloud Systems Inc. (ICLD)

[petermic]

Ok, I calculated the fully diluted share count as accurately as I could.

Looks like the conversion price would be $3.02, based on the November 5 close, 3 days after the S-1 went effective.

The remaining series' of preferreds, F,H and I, total $9,500,000 worth, so they convert to 3.17 million new shares.

We start with 6.4 million shares on 11/14, per the 10Q. Add the 3.17 from the preferreds and 0.9mm from the warrants - gives us just over 10.4 mm shares now.

Of course, they also now have about $10 million cash and $9.5 million less preferred - so they have gained around $2 per share in common book value.

All of these shares will be sold ASAP of course if the share price stays anywhere north of $6.

Please note this stock is a share printing machine, barely removed from it's pink sheet days. A year ago they had only 400,000 shares outstanding, split adjusted. The reverse split ratio is 1:600!