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So on top of all the extra costs and risks posed by testing, there are issues with the landlord for the property.
No wonder PNTV bought it. They could use it to hype the stock. Sellers got to monetize a losing operation. It remains to be seen what happens if PNTV's toxic lenders don't want to fund the whole $5 million. Another IHSI?
No, averaging down is not front loading. It's an expensive mistake, but it's not front loading.
BETS has taken advantage of a LOT of stupid money.
Maybe because the investor had 200k shares before the reverse split and wanted to sell so he could take the very large tax loss?
If two MMs want to manipulate a market, they're not going to do it on a dead stock for $50.
Just sayin'
I guess that explains the firesale to PNTV.
http://abc7.com/business/ca-pot-shops-offering-big-discounts-ahead-of-new-safety-standards/3664163/
when shorts cover, the prices moves UP, not down.
This is retail taking profits on the last pump.
ROFLMAO. check out their ranking on Amazon.
It's something below "We don't track shit that sells this poorly".
Only $125 in trades today. The company is going to need to find a lot more gullible retail buyers if they want to get more toxic loans to stay in business.
Then again, I guess they're really not in business.
Oh well.
Another stellar day for TEUFF. $50 traded all day. Must be those manipulating MMs.
Not really. Someone spent $600 today to try and keep the price up. It's typical for these pump and dumps. Groups front load to run, then get stuck with a ton of shares they can't dump.
What they're allowed to do and what they do are 2 different things.
However, people paid in shares and other sources of dilution are fine.
But I wouldn't be surprised to find that a lot of selling is by groups who frontloaded $.0001s, thinking they could run the stock and now realized they can't and want to get out.
Let's remember, impatient retail doesn't wake up one day and decide to sell hundreds of millions or billions of shares.
It's a classic pump and dump. So obvious, it's funny.
When these groups get involved and buy up a ton of shares to try and run it, it gets ugly quickly when they're stuck.
You do understand that when the company is dark, no shares are allowed to be converted, right?
Not that the toxic lenders always follow the rules.
Looks like the whales decided to just swim today.
LOL, yes, no doubt the MMs are risking having their entire business shut down for fraud - trading back and forth a defunct company's shares to discredit someone's message board posts.
Sounds as reasonable as anyone seeing a dime from the company in a lawsuit.
Too funny.
But once those 12,621,053,525 unrestricted shares get sold at $.0001, to da moon.
It only takes $1.2 million in dumb money.
https://www.otcmarkets.com/stock/IHSI/security
Yeah, but they're losing money. The last reported quarter they had $1.2 million in sales of which only $36k was gross profit.
Then they had $200k in operating expense and $300k in interest.
Then there's the question of whether they are still getting revenue from Cresent, since it's actually TCA/Cresent that owns Cresent and they're in litigation with TCA and owe them a lot of money they don't have.
There's a reason they stopped filing and became a "dark or defunct" pinkie, and it's not because the news is good.
Might want to check that info again.
https://www.otcmarkets.com/stock/IHSI/security
Almost 13 BILLION UNRESTRICTED shares.
O/S is 14 BILLION up from 8.6 BILLION 10 months earlier up from 3 BILLION a year before that.
Maybe they'll raise the A/S again, or maybe they'll just reverse split and try with a new group of astute investors.
Locked up? I'd say "stuck with"
As for toxic debt, yes, many OTC companies are forced to take toxic notes because they never make any money. IHSI is one of them, but their toxic debt load is significantly higher than most because of their large losses.
And a pump and dump describes any stock where the company puts out fluffy PRs about great things while their filings show terrible results and an insolvent balance sheet. Meanwhile, toxic lenders dump their shares and "lend" the company more money. Sound familiar?
I've been recommending folks don't buy in the first place, but now there are no buyers, so I think you're stuck.
Best strategy is to avoid these toxic funded pump and dumps in the first place.
Best of luck!
No one needs to "manipulate" the price of $.0001. All but one of the 27 million shares was traded at that price.
This is a failed pump and dump and there are some big groups that got screwed over by the company.
Look for a reverse split, followed by a blood bath.
No bid, plenty of 2s. As soon as someone comes in with a $.0001 bid, it gets taken out.
Considering the toxics aren't supposed to be allowed to convert with the stock dark, that's pretty scary.
Of course, wouldn't be the first time toxics didn't follow the rule, or the first time someone paid in shares decided to sell as quickly as they could before the inevitable reverse split.
You're not looking at the link I sent you.
It doesn't record the $.0002 in the high because it's less than 100 shares.
Nonetheless, someone did buy 1 share for $.0002. I guess they didn't realize they needed 100 shares to move the HOD.
You're looking at a delayed feed.
https://ih.advfn.com/stock-market/USOTC/intelligent-highway-solutions-IHSI/trades
See the 1 share at $.0002 at 9:31
LOL, no doubt Mr. Bodouroglou is quaking in his boots that penny stockholders will spend millions to futilely sue a foreign national over a company incorporated in the Marshall Islands.
You might want to check out his net worth.
Common shareholders aren't hanging on because they want to. It's because they can't sell at even 1 cent and the average cost is well over $1.
Bodouroglou isn't the first Greek shipper to take advantage of naive US investors and unfortunately probably won't be the last. But I'm certainly going to do my best to make sure no one else gets sucked into this money pit.
LOL, someone bought 1 share at $.0002.
Nah, no price manipulation going on here.
Too funny.
Great for Apollo.
How about Summit, Old Main Capital, Barry Brookstein.
Dark/Defunct on OTCMarkets
Unknown shares structure
In default in corporate registration in Nevada
No business operations
No SEC Filings for over 2 years.
Tell me again why this is a stock to buy.
Say what? Where did you hear that story? They had over a million $ in toxic notes when they last filed 2 years ago. Plus a ton of other debt and several preferred shares that controlled voting.
The toxic notes are still there, just much bigger now.
And the idea that note holders exchanged millions in notes for $100k or so in equity is ridiculous.
Remember, no one even knows what the O/S is right now. They're in default in their company registration in Nevada.
It's just a shit show.
I don't think there are enough gullible investors to buy shares. Remember, the company is effectively out of business and still in debt.
Great opportunity for someone that isn't losing their construction business and saddled with crushing toxic notes.
For IHSI, not so much.
It's at no bid. Every time someone puts up a 1 bid it gets hit and taken out. Ask is now 18 million at $.0001
All the ones dumped into and back to no bid.
That didn't take long.
Oh those pump and dumps.
Good to see more of the $.0001s getting their money back.
No bid looks to be back by 10am today.
Congrats to those who got out with something before the reverse split.
Wow, you know someone is getting desperate when they hit the ask for 27 million, then there's an immediate hit on the bid for 10 million in 3 trades.
There is way too much toxic debt, too large losses and the fact that they likely no longer own Cresent in the way of they being acquired.
More likely they reverse split, take on new toxic debt and find new investors.
Buying shares now when they company is going to have to reverse split as soon as their current isn't a good idea.
A run, forget massive isn't just unlikely, it has no chance of happening.
As TUEFF's filings say, they are done. Neither the company or its large shareholders can do anything at this point, other than dilute like crazy with toxic notes and try for a pump and dump.
The reason there's no word from large shareholders is that they too realize their investment is gone. No sense wasting time on top of lost money.
Someone needs to run their FINRA filings through a spell check.
https://backend.otcmarkets.com/otcapi/company/financial-report/193859/content
QUATERLY REPORT
Been there. When these guys running the pump and dumps threaten to report you, you know you're doing good work.
Your excellent DD has save hundreds of thousands, it not millions for retail. Keep it up.
I already posted the proof that the BB shareholders can convert and dump their shares at will. It's right there in the 10K.
I feel sorry for them. They really got screwed.
Nope, 6 month hold (now expired), then convert at will.
On October 23, 2017, the company issued 9,744 Preferred BB Shares to qualifying
shareholders as part of the Preferred BB Share dividend program. Each holder of outstanding
shares of Series BB Preferred Stock shall be entitled to convert any or all of their shares of
Series BB Preferred Stock after a minimum of six (6) months has elapsed from the issuance of
the preferred stock to the holder. Each share of Series BB Preferred Stock shall represent .035%
of the Company’s outstanding shares at any point in time in the future when converted by the
holder. The Series BB Preferred Stock has no voting rights until the Holder redeems the
preferred stock into the Company’s common stock. The Series BB Preferred Stock shall not
be adjusted by the Corporation.
8. On December 19, 2017, the company issued 12,608 Preferred BB Shares to qualifying
shareholders as part of the Preferred BB Share dividend program. Each holder of outstanding
shares of Series BB Preferred Stock shall be entitled to convert any or all of their shares of
Series BB Preferred Stock after a minimum of six (6) months has elapsed from the issuance of
the preferred stock to the holder. Each share of Series BB Preferred Stock shall represent .035%
of the Company’s outstanding shares at any point in time in the future when converted by the
holder. The Series BB Preferred Stock has no voting rights until the Holder redeems the
preferred stock into the Company’s common stock. The Series BB Preferred Stock shall not
be adjusted by the Corporation.
LOL, VCs don't buy stinky pinkies, they'd be laughed out off Sandhill Road.
I don't consider the small players that band together to try to run pinkies VCs, especially given how often they get screwed over by the toxic lenders.
Speaking of LMAO though - 2 trades all day on this PnD. The fake bids and $1,500 buy at $.0002 failed miserably. Oh those "VCs".