Collateral
"(iii) the Borrowers have agreed to execute a Pledge Agreement in favor of Lender, whereby the Borrowers shall pledge to the Lender all of its right, title and interest in and to, and provide a first priority lien and security interest on, all of its issued and outstanding shares and/or membership interests of the Guarantors, as applicable, as security for the payment and performance of any and all Obligations owed under this Agreement and under any other Loan Document;"
Historical Trend last time financing was announced
June 30, 2015 O/S at 59,910,864
Jul 23, 2015 Intelligent Highway Solutions Announces Completion of Purchase Order from Tech Giant Honeywell
Aug 6, 2015 Intelligent Highway Solutions Secures $5 million Private Equity Line of Financing
August 19, 2015 O/S at 400,498,330
August 24, 2015 O/S at 673,063,034
September 30, 2015 O/S at 1,550,857,599
October 8, 2015 O/S at 1,756,962,507
Nov 3, 2015 Intelligent Highway Solutions Announces Completion of Positive Actions to Minimize Shareholder Stock Dilution
November 23, 2015, O/S at 2,374,005,195
March 31, 2016 IHSI misses filing deadline and becomes “NO INFORMATION” pinkie with unknown share count (Authorized at 10 BILLION)
And the always interesting, "As of September 30, 2015 and December 31, 2014, the Company had accrued $754,771 and $767,109 in payroll tax liabilities. The payment of these liabilities has not been made due to our limited profitability. Due to the uncertainty regarding our future profitability, it is difficult to predict our ability to pay these liabilities. As a result, a federal tax lien has been levied that will have to be satisfied."
As long as any buying is done with eyes fully open - Good Luck!
TA - Over $500 million in toxic funded pump and dumps exposed and growing every day!
