Debts are disappearing, revenue is flowing in, stock price is rising. But it seems like a swindle. Out of nowhere - where did the money come from to buy these assets?, if they're so go revenue wise they would not have been cheap. Where does the "cloud" come in. These guys are cable stringers and not integrated. Be very careful with this stock. It seems very surface without the depth - for example which of the asset companies had all this "cloud" expertise with all these servers? Nope, not buying.
Be extremely careful shorting ICLD. Going just by the charts and nothing else, I am predicting a move to $21 within days. I know that sounds crazy but the stock went from $2 to $15 in a couple of days for a reason, and now it's consolidated and set to have another explosion to the upside. This is not a stock I would short right here. You can get seriously burned and I mean big time if what I'm seeing comes true.
Exactly! If you go to their website all their so called services are a single sentence broad explanations. They are not specific about anything at all! They mention SIP. Well how the hell do they provide it? PBX, re-selling a carrier…… They clearly aren't a LEC or CLEC, so their comments about working with carriers is basically nothing more them running coax or fiber from the pole into a business or a house. The company I work for uses 3rd parties all the time to do that. They are cabling vendors. They don't label themselves as CARRIERS!
If I shorted I'd be all over this. Incredible - bet within the month it's less than $4 with at least 2 class action law suits. I'd like to see one of the big 5 accounting firms do an audit on this baby. Worm holes everywhere. Nothing makes sense. Incredible con.