actually you have to consider that conventional technology won't stop getting better going forward - so they will have to bring down product costs MUCH more than 30% - which they won't. They stated on the call that they are bringing down their product costs only at a pace of 4-12% annually
what a joke of a company
"InterCloud Systems Inc. (“ICLD”) is a client of RedChip Companies, Inc. ICLD agreed to pay RedChip Companies, Inc., 7,500 shares of common stock under Rule 144, and a monthly cash fee for six (6) months of RedChip investor awareness services. Investor awareness services and programs are designed to help small-cap companies communicate their investment characteristics."
I would love to short the shares but simply there are rarely shares to borrow
I would like to add that this might be a great chance for long term investors to enter the stock at a substantially reduced price tag.
they explicitly stated in the pr that there is no acquisition looming. They just borrowed money at the expense of existing shareholders
going long on #$%$ doesn't make much sense - better short the idiot runs - pocketed 4k on this one alone
covered 50% for a 10% gain - stock should end up solidly red
they had $75 mln in cash as of last quarter and no debt - with no acquisition looming why the hell did they do this ? I don't get it especially when looking at the disappointing terms of the offering
interest rate is quite high for a convertible offering and the potential dilution substantial - had never thought they would need to raise money - stock gets a well deserved punishment
"Sales orders for the year 2014 already exceed $60 million" (this is the multi-year Walmart deal)
" I firmly believe that this continuing momentum will carry on throughout 2014, and that orders for this year will total more than $150 million"
so Andy BELIEVES they will take in orders of more than $150 but given has prediction track record the actual number might be much lower. And this has nothing to do with 2014 revenues at all
as an investor you should know the difference between orders and revenues
and the difference between "projected orders" and "booked orders"
so when Andy is telling you there will be $150 million in orders this year I would cut that in half to arrive at a reasonable number - at least this was true for the last few years
Conditions are abysmal - 10.25% interest and an additional product royalty payment make another equity offering look like a great idea.