Wow, down 50% in 6 weeks. That might be the fat lady's song I hear.

Wow, this is headed into the ground faster than Windstream!

Fool me once, yeah, you got it.

It's a pump and dump.

This is the time to dump.

GL!

This was a scam for decades. It was pretty obvious.

Good to see the pump and dump is still alive on IHSI!

LOL, another one bites the dust.
At least there won't be any more duped investors.

They skipped step 1 and went right to step 2.
Convertible debt holders and other creditors will now get all the reissued stock to pay a small portion of the monies they are owed. Shareholders will be wiped out and hold worthless shares.

Been a long time coming, but it was obvious this was going the way of all pinkie stock scams.

Pink sheets is in fact JUST a listing. It's not a market.

https://www.investopedia.com/terms/p/pinksheets.asp

Actually, it's a pump and dump that went from $50/share to sub penny over the last 5 years.
Someone spent $5k to try and restart the pump, but it's not working.
I guess you can't blame someone who lost tens of thousands on the scam from trying to get it back with another $5k investment, but it's pretty obvious no one is putting assets into a dead shell waiting for delisting.

Monster never had toxic debt.
Nor did it start out on the pink sheets.

Of the tens of thousands of stocks that did though, not one that I know of made it to a national market, or even a successful product.
But maybe there were a few exceptions that I'm not aware of.
I guarantee though that even if there are NONE of them had toxic notes to finance them.

Good God, who wrote this? Do the toxic notes not throw off enough cash to hire a part time editor for company PR?

"Accompanied by the responsible of the project"
"After the tour morales"
"The Governor then advance that financing for the construction of the medical oil extraction laboratory is already planned"

The Argentinian Governor's quotes are in good English. The rest of the article sounds like it was written by translation software.

Actually, none of those "big name" companies were penny stocks.

And yes, there are certainly examples of NYSE,AMEX and NASDAQ stocks that were frauds. Most however are legit - maybe unsuccessful, but not scams.

OTC stocks that take toxic debt are scams. The never succeed as you've seen. Sure if you're lucky you might ride a pump and dump, but remember, the toxic note holders are making money whether the stock goes up or down, as long as it trades. That money has to come from somewhere and it's retail traders.

Actually, 1% of market cap is $1,558, but yeah, they have diluted the crap out of this with reverse splits.
Now with the warning stop sign at OTCMarkets is just a question of how long before the SEC gets around to delisting it.

and here I thought you were going to give me a list of pinkies with toxic debt that were successful.

Too funny. Yeah, there are none.

Add IHSI to the dead scrap heap.

Companies don't come back from being delisted.
WSTI is gone for good.
RIP

LOL, I know your statement is wrong, don't need to send money for you to prove it.

Too funny.

Yeah, pretty pathetic when a stock trades a few hundred dollars a day.

Or he's trying to get another toxic loan and needs to move shares so they'll pony up.

LOL, you can't scam someone into a GOOD investment.

The company has been delisted. It doesn't get any more worthless than that. RIP WSTI

I pray for the people who try to scam others to get out of a bad investment.

OTC stocks that take toxic loans are scams. Period, end of story. Not one example of an OTC stock that has toxic debt ever recovering.
That's why they're called "death spirals".

I agree completely with you. Once an OTC stock takes a toxic loan, it's done, heading to worthless. That happened with IHSI years and years ago. So anyone buying at $.0001 now will be lucky to get out at break even and most likely lose their entire investment. It's smarter to put your money in lottery tickets where at least the expected loss is only 50% or so.

You keep making my point - most of the OTC is made up of scams like IHSI, but the ones that are the worst (like IHSI) are the ones whose business is SO FAKE, that the only money they can get is toxic convertibles. The toxic note holders have almost no risk because unlike an actual loan (say, the kind Uber gets), they don't need to (or expect) to ever get the loan repaid. They are really just using a loophole to buy shares at a fraction of the market price, then dump them on to people who don't realize they're buying shares in a scam that is destined to keep going down until $.0001 because whatever they buy shares at, the toxic note holders who sold them those shares, paid less.

This explains the problem with toxic notes: https://www.securitieslawyer101.com/2014/toxic-funding-convertible-securities/

Where a conversion ratio is based on fluctuating market prices, the holders of the convertible security are protected from price decreases, but both the company and its stockholders are subject to devastating market risks including dilution. Because a market price based conversion can cause an issuer’s stock price to decline dramatically, with corresponding negative effects on both the company and its stockholders, convertible securities with market price conversion terms are commonly known as “toxic” or “death spiral” fundings. Death spiral financing is commonplace on the OTC Markets OTC Pinks and is often a feature of pump and dumps and other fraudulent schemes cooked up by dilution funders and shady investor relations firms.

Trades of less than $1,000 don't typically move stock prices, even on defunct companies like Box Ships.

Oh, it was a scam way before Vegas and pot. That was just the most recent incarnation. When I first ran into it, they were going to revolutionize media ad insertions - using toxic debt.
Then they were going to make a fortune suing Comcast, except they were the ones who fell short of their contractual obligations. Luckily the toxic lenders were happy to finance that fiasco too. Well, I guess it was actually funded by gullible investors, the toxics made some nice bank.
Then of course they entered the years of pot hype funded by, well, you can probably guess that.

Been at that stage for a decade.

LOL, lots of folks claim to make money on these OTC scams, but the only ones who actually do are the toxic lenders.

Uber is an NYSE stock BTW.

Who knows. They can walk away anytime, don't need the SEC to suspend it. The toxic lenders can sue them for any reason they want, including not getting their loan repaid and not being able to convert into shares.
Shareholders can sue too. My guess is they hold on to this as long as possible to try and prevent that.

"bad bank loans"??? ROFLMAO.
Toxic convertibles are neither bank supplied, nor loans.
They are VERY "bad" though.

And no, real companies do not take on toxic debt. They don't need to.

"someone always has to lose in order for someone to make money."
Not in legit stocks where the company actually produces something of value and doesn't simply use toxic debt to fund their salaries while diluting common shareholders to nothing as IHSI (and much of the OTC) has done.

Sure there are bad listed companies, but they're the exception, not the rule. It's exactly the opposite on the OTC pinks. The reason is pretty simple - companies with real value don't need to get pink sheet funding and toxic convertibles. They get angel/VC money until they can list on an actual exchange. And they can get loans from actual banks and other lenders that don't convert unlimited shares at a fraction of what retail buyers are paying for their shares.

The stock is delisted - that means it's dead, worthless. The chance of anything working out isn't slim, it's 0, at least for investors. Insiders may see it work out for them of course, that's not unusual in the OTC.

Because the loss rate on OTC stocks exceeds 95%. For every 1 OTC stock with large gains, there are 50 with 100% losses. The only ones who consistently make money on OTC stocks are the toxic lenders and insiders. The average Joe investor is just donating to them.

Yup, the advice is "avoid the pink sheets as 97%, INCLUDING IHSI, of them are scams".

Hope that helps.

But realistically, anyone who bought into this obviously ridiculous story wasn't destined to join the Forbes 400 list.
The OTC is littered with these scams.

Birds of a feather eh?
These scams do seem to take in a fair bit before they go under.
Quite amazing.

It's such an obvious scam, I can't understand how anyone throws away even $100 on it.
The Barnum effect?

Same as they have in the last 8 filings.

But hey, it's up $.0001 on $600 in volume.

To da mooooonnnnn!

Too funny.

Yeah, they've been f'd for a while now.

Years actually.

LOL, I'm afraid the dumb money is all taken.
But hey, maybe the knife will stop falling at $.02. Good luck.

It was never going to absorb Delfin without diluting TGLO holders to near nothing. Now it looks like Delfin itself may be going away.
https://www.theadvocate.com/baton_rouge/news/business/article_f12a9244-ce8a-11e9-b812-bb8f7ab50896.html

There is no option, other than losing your whole investment.