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Just means the Debt Collector is even closer...
Bueller knows. "It's over..."
No, actually they really weren't.
Why?
I think Angel did a stint with a "remote-viewing company" since then.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=155517837
This is WAYYYY old
.
Fair question. In theory, yes.
And on most days, reported shorts ARE less than 50%.
But with an issue like RIGH, with teeny-tiny daily dollar volume (<$200k lately), the dollar amount of the over 50% would be chump change to the MMs right now.
Good question though.
And of course, JMHO.
Nope, but haven't been watching closely either.
In any event, I don't get where you're coming up with "dilution" as re T-Trades.
T-Trades are just MMs settling their books for shares left over unreported (for whatever reason) during the trading day.
And to be clear(er), they are not an indication of shorting either, rather just a vehicle to allow MMs to report previously unreported trades during the day.
Besides, "dilution" isn't really an issue when Outstanding Shares are already at 30 BILLION and the company is no longer in business.
Shorts don't get squeezed in the OTC market.
Shorts cover the same day, sometimes in regular hours, sometimes in after/pre-market hours with "T-Trades."
Shorts in the OTC are market makers doing quick hit-and-runs.
No held positions to squeeze.
It's a defunct non-company. Awash in debt.
RIGH is more a teeth-whitening company...
...but they have competition-
Glad to see the SEC cracking down....
https://www.sec.gov/news/press-release/2021-46
Big thumbs-up, Vape. Great to hear.
Declining volume s/b a definite concern with this floating on the OTC volume bubble.
Playing with freebies helps, no? ;-}
Happy Monday all.
It was never "revenue"... see previous post.
""Secured Bids" just protect CLIENTS, not the CONTRACTOR."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=162378008
"Secured Bids" just protect CLIENTS, not the CONTRACTOR.
Not sure why you'd want to stress "secured bids"...
Read further down. Devon ultimately signed it.
And it's irrelevant in any case as the "signing" snippet you displayed references the Loan Agreement, not the Operating Agreement.
...not nice to mislead.
'nuff time wasted here.
Buyer beware, all.
Pure horse-twaddle. There IS NO "CRESENT CONSTRUCTION COMPANY"!
There is only the "TCA CRESENT CONSTRUCTION COMPANY, LLC".
I'm not going down this swamp-pit again, but here's the Operating Agreement explaining TCA's rights (now the TCA Fund Receivership's rights) and IHSI's rights.
OPERATING AGREEMENT OF TCA CRESENT CONSTRUCTION COMPANY, LLC
https://www.lawinsider.com/contracts/1Bf9AHNZLz9d9f6jE685Dy/intelligent-highway-solutions-inc/operating-agreement/2017-03-24
And here's their Florida business filing.
http://search.sunbiz.org/Inquiry/corporationsearch/SearchResultDetail?inquirytype=EntityName&directionType=ForwardList&searchNameOrder=TCACRESENTCONSTRUCTION%20L170000251400&aggregateId=flal-l17000025140-c4926a65-3be8-48f8-a676-639e4d070d7f&searchTerm=TC3%20INVESTMENTS%20LLC&listNameOrder=TCACONSULTANTS%20P040000899290
TCA Fund Receivership now owns all the Class A shares, which have all the power over the future of the Company.
IHSI only has Class B shares which effectively makes them just a passive investor.
I could rip apart that operating agreement and show that IHSI will never "OWN" Cresent (there is none), but I really don't care that much. Maybe another time.
I touched on all of this years ago:
Too much! For $10, TCA Global bought controlling interest...
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136763476
Time to wake up. Nothing in this supposed "lawsuit" will benefit IHSI in any way.
Enough. A waste of my time.
Good luck to all. Protect any profits or at least minimize losses here.
"Honorable intentions"? How soon we forget...
Shady History of RIGH CEO Aaron "Angel" Stanz..
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=99537731
Lawsuit resolution can only be bad for IHSI.
It's contractually clear IHSI owes the Debt Collector (TCA Fund Receivership) over $650K.
As of now, here's where it stands:
https://tcafundreceivership.com/docs/DE108_3rd_STATUSREPORT.pdf (Page 56)
Well done, congrats!
I wouldn't get greedy here...
The SEC has shut RIGH down once already, and it's common knowledge there's no company here.
"SEC Eyeing Penny Stock Craze"
SOURCE:
https://www.bloomberg.com/news/articles/2021-02-16/penny-stock-craze-at-boiling-point-with-sec-eyeing-social-media
GameStop mania is off the front page, but the spirit that fed it still rules many corners of the market. Penny stocks are an area where sentiment remains boiling hot, earning the scrutiny of federal regulators.
Way-off-exchange venues, where lightly regulated companies have repeatedly been drawn into social media-fueled trading vortexes, saw more than 1 trillion shares change hands in December for the first time in a decade. It happened again in January. This month, daily volume is tracking 64% above those levels, a pace that could push the monthly total toward 2 trillion.
The mayhem has caught the eye of the Securities and Exchange Commission, which last week suspended trading in SpectraScience Inc. -- a firm that had surged 633% in 2021 to just over two-tenths of a cent before the halt. The SEC’s order noted that while the company hadn’t filed reports in years and its phone number doesn’t work, “social media accounts may be engaged in a coordinated attempt to artificially influence” its share price.
Source: Bloomberg Intelligence
“Regulatory halts in some of these stocks that are traded over-the-counter, which is the case for a lot of these penny stocks, isn’t entirely unusual or unheard of,” said Shawn Cruz, senior market strategist at TD Ameritrade Inc. “The SEC is now looking at that because they’re questioning what’s driving some of the behavior.”
SpectraScience is just one penny stock that vaulted from obscurity to viral sensation this year. In 2021, on any given day, there have been a dozen or more similar stories. Oftentimes, chatter on social media sites like Stocktwits and Twitter and other online chatrooms presages takeoff. It’s happening as retail traders equipped with zero commissions at brokers have swelled to 23% of stock trading volume, up from 20% last year, according to Bloomberg Intelligence.
Once in a lifetime opportunity to recoup losses, though...
Play safe, all!
"SEC Eyeing Penny Stock Craze"
SOURCE:
https://www.bloomberg.com/news/articles/2021-02-16/penny-stock-craze-at-boiling-point-with-sec-eyeing-social-media
GameStop mania is off the front page, but the spirit that fed it still rules many corners of the market. Penny stocks are an area where sentiment remains boiling hot, earning the scrutiny of federal regulators.
Way-off-exchange venues, where lightly regulated companies have repeatedly been drawn into social media-fueled trading vortexes, saw more than 1 trillion shares change hands in December for the first time in a decade. It happened again in January. This month, daily volume is tracking 64% above those levels, a pace that could push the monthly total toward 2 trillion.
The mayhem has caught the eye of the Securities and Exchange Commission, which last week suspended trading in SpectraScience Inc. -- a firm that had surged 633% in 2021 to just over two-tenths of a cent before the halt. The SEC’s order noted that while the company hadn’t filed reports in years and its phone number doesn’t work, “social media accounts may be engaged in a coordinated attempt to artificially influence” its share price.
Source: Bloomberg Intelligence
“Regulatory halts in some of these stocks that are traded over-the-counter, which is the case for a lot of these penny stocks, isn’t entirely unusual or unheard of,” said Shawn Cruz, senior market strategist at TD Ameritrade Inc. “The SEC is now looking at that because they’re questioning what’s driving some of the behavior.”
SpectraScience is just one penny stock that vaulted from obscurity to viral sensation this year. In 2021, on any given day, there have been a dozen or more similar stories. Oftentimes, chatter on social media sites like Stocktwits and Twitter and other online chatrooms presages takeoff. It’s happening as retail traders equipped with zero commissions at brokers have swelled to 23% of stock trading volume, up from 20% last year, according to Bloomberg Intelligence.
Misinformation. The "case" isn't even open.
https://tcafundreceivership.com/docs/DE070RecSecondQStatRep.pdf
SEC is NOT defending IHSI.
The SEC brought suit against TCA Global in defense of THEIR (TCA's) shareholders.
And the TCA Fund Receivership is the Debt collector for TCA's shareholders.
And they're trying to collect FROM IHSI.
No SEC involvement there.
HERE is where the SEC might be getting involved with IHSI:
"Is the SEC Sending a Big Hint With Its Latest Penny Stock Suspension?"
https://www.securitieslawyer101.com/2021/is-the-sec-sending-a-big-hint-with-its-latest-penny-stock-suspension/
The fact that there is so much volume without any news for years is drawing SEC attention and suspension.
CAUTION: "After Reddit Users Drove Up GameStop...
...the SEC Cracks Down on Social Media Touting"
The SEC suspended trading of an inactive company (like IHSI- note added) after a potentially coordinated attempt on social media to drive up its shares.
As of late last week the SEC is coming after inactive over-hyped OTC stocks like IHSI.
This SEC action was taken late last week, just before the air started to come out of MANY OTC stocks, IHSI included.
Buyer Beware.
https://www.institutionalinvestor.com/article/b1qj66bss0x836/After-Reddit-Users-Drove-Up-GameStop-the-SEC-Cracks-Down-on-Social-Media-Touting
Good on ya, Vape! Thumbs up!
So? Cresent HAS NO ASSETS?
Your quote:
Fantasy Island. IHSI owes $10Million PLUS...
...whatever the TCA Fund Debt Collector gets from them.
Face it. IHSI just rose with the OTC market-wide bubble for a while.
Now it's just... Oooh! What's that?
Protect any profits... at least your cost basis.
IHSI did not rise on any company-specific events.
It only rose on an OTC market-wide bubble.
And we all know what happens to bubbles...
Word Salad... it's BAD NEWS for IHSI.
'nuff said, except BUYER BEWARE.
Yup, that's ALL BAD NEWS for IHSI.
The TCA Fund Receivership is a DEBT COLLECTOR.
And it has its sights set on IHSI.
Buyer beware- besides these debts, IHSi owes over $2 MILLION to the IRS for back taxes.
These are non-cancellable. There's no hiding.
Nonsense. "Lawsuit" isn't even open, not even pending.
https://tcafundreceivership.com/docs/DE070RecSecondQStatRep.pdf
IHSI's jump is not company-specific...
... which suggests a bubble, possibly manipulated, possibly organic.
But a bubble, nonetheless.
And y'know what bubbles do...
Exactly. It's not company-specific...
... which suggests a bubble, possibly manipulated, possibly organic.
But a bubble, nonetheless.
And y'know what bubbles do...
It's not just IHSI- it's MOST OTC stocks...
And not based on any company specific information. Or any fantasy projections. It's more akin to "Tulipmania", and it's happening to OTC stocks across the board.
Early tulip investors made a killing (if they cashed out)... the late ones, and those who didn't take their cost off the table, lost a fortune.
If you're buying IHSI because you believe something special is happening here.... well, BUYER BEWARE.
Nothing special is happening here.
And at some point, perhaps soon, the bubble will burst and burst hard.
Schwab put out this statement yesterday: https://www.aboutschwab.com/schwab-statement-on-otc-stocks
It's not just RIGH- it's MOST OTC stocks...
And not based on any company specific information. More akin to "Tulipmania."
Early tulip investors made a killing (if they cashed out)... the late ones, and those who didn't take their cost off the table, lost a fortune.
For any OTC bubble stocks- Buyer Beware!
Schwab put out this statement yesterday: https://www.aboutschwab.com/schwab-statement-on-otc-stocks