I think Premergy has updated the website and I hope we'll get some news about what they are up to with the acquisition/merger soon...

www.premergy.com

He owns 9,950,000 common & 500 class A preferred shares.

Personally, I'm wondering whether Premergy is going to become anything else than a shell owning some patents...

He owns 9,950,000 common & 500 class A preferred shares.

Personally, I'm wondering whether Premergy is going to become anything else than a shell owning some patents...

He owns 9,950,000 common & 500 class A preferred shares.

Personally, I'm wondering whether Premergy is going to become anything else than a shell owning some patents...

Up with relatively low volume, I like that.

Still here with my shares and curious about what's next...

Notification of late filing received!
I like it. Thanks to it we may avoid to be downgraded on otcmarkets.com.
15 days more days are granted to post the audited annual report.

It makes sense.

I don't know why people may want to trade the OTC market over the long term - I guess the potential for multiple baggers - but when I understood it's full of pump & dump schemes and fake companies, I got out and invested my time into understanding true fundamentals, technical analysis and macro economics which are more reliable & useful in many more markets and circumstances. If I really want, I could also learn to trade stock options and futures for some leverage.

I also used my knowledge about scammers gained in the OTC market not to get scammed into the crypto markets where I'm more successful because I have a good understanding of the tech.

All in all, I try to avoid fake companies, and I still hope IHAI isn't one.
But we'll see...

IHAI doesn't need to be audited more than that per the OTC Pink listing requirements.
As long as it stays "Pink Current", I'm happy with it, personally.

Talking about food stocks, I'm in SBEV, a beverage one which was an OTC stock before.
Tomorrow they're going to ring the New York Stock Exchange opening bell which is a great acknowledgment.
In any case, the stock is doing fine despite the bad market conditions and I like what the company is up to.
The CEO worked for Red Bull before and struck big distribution deals for Splash's products.
My time horizon is initially 2-3 years.
Not financial advice though.

Yes, it's my only US OTC stock left.
I traded the OTC market many years ago without much success and have kept this one because the share structure is good and stable, at least for the moment, and the risk/reward still seems good too.
However, I'm already very busy studying other markets and understanding macro economics, and I don't have time to be a moderator, especially in the months to come.

Strange moves.
All the way down and now up again with big volume.

I read your message too fast, sorry.
I guess you meant: who knows a company C.W. may be interested in?
Hopefully the team he spoke about to Fink is doing some good job, but the market conditions are really difficult at the moment and not the best for R/M deals so I'm personally not expecting anything this year. I'll be happy to be wrong though, of course.

I haven't had any personal contact with C.W. but he's not supposed to give a lot of non-public information to particular shareholders due to the risk of insider trading.
I'm not selling anyway as it's always been my plan to wait until we have some news and, moreover, it doesn't make a lot of sense to me to dump an illiquid stock in the midst of a bear market. :-p

Here is another thing that's far more important than the current float for me: some debts were not converted into shares when they were due because the creditors accepted to report the maturity date and also agreed the notes were not in default.

The number of unrestricted shares is currently still small: 6,090,414 out of 16,980,427 oustanding shares.

This is only my point of view, and while both the float and the number of oustanding shares have their importance, restricted shares always become unrestricted at some point in the stock market.
In the case of IHAI, shares got unrestricted a few months ago already.

What's more important to me is the number of oustanding shares because when debt is converted into shares, this number can grow a lot and that's when we can get into serious trouble.
In the case of a pump and dump scheme, it will grow exponentially annhiliating the share price forever, and sometimes leading to a reverse split in a rinse and repeat process.

The float can't grow bigger than the number of oustanding shares and if the latter grows exponentially, so will do the former due to the pump and dump nature of the operation, and that's when we're toast with certainty.

Besides, for information, the Pink Current listing rules are here:
Alternative Reporting Standard: Pink Basic Disclosure Guidelines

If you read the filings, like you said, you'll notice the number of oustanding shares (common stock) has been reduced from 17,480,427 to 16,980,427 as of yesterday.

Then there are restricted and unrestricted shares, and the definition of dilution isn't when shares get unrestricted.
Dilution is when the number of oustanding shares increases.

There hasn't been any dilution for years, quite the contrary as some shares were retired when the deal with Carmil was scrapped.
What information are you referring to?

There is none.
IHSI was revoked by the SEC (effective as of October 20, 2021) and that was the end of it.
Some people got confused due to TD Ameritrade showing what you mention but it's nowhere to be found elsewhere.
The official source is the SEC documents so check this out:

In the Matter of Intelligent Highway Solutions, Inc., Respondent. ORDER MAKING FINDINGS AND REVOKING REGISTRATION OF SECURITIES PURSUANT TO SECTION 12(j) OF THE SECURITIES EXCHANGE ACT OF 1934

In macro economics conditions like we have at the moment many people sell the bottom.
Let's see where it's at in 6-12 months, as it seems C. W. isn't in a hurry.

IHAI has hardly moved when all the bigger crypto & stock markets went down.
IHAI is also holding abnormally well for the OTC market.
I believe it means something nice is coming our way, if we are patient enough.

Yesterday the number of shares appeared to be reduced at https://www.otcmarkets.com/stock/IHAI/security but it's back to normal today.

Thanks. That's strange and I don't know whether it's good or bad.
We'll have to wait to read the next filings to make sense of it, I guess.

Hopefully, yes!
Even better would be a real company instead of the usual fake ones in the OTC market.

You have a lot of experience then!

I avoid buying in the OTC market nowadays, except companies also trading in the Canadian market at the same time.
But I recently bought Splash Beverage which uplisted to the NYSE American stock exchange in June last year.
It's been doing great after dipping to where I bought.
Some believe it may be the next Celsius.

I was a beginner in the stock market when I bought this stock.
I did a lot of mistakes with my trading of different stocks, lost a lot of money, but kept holding IHAI just because I could see the shell was still actively being taken care of and cleaned enough to stay attractive for a potential merge.

I have been holding for 10+ years. LOL
At some point it was worth around $0.01/share, sometimes less.
And now I'm up around 100%.

Great!
Thank you!

I can understand why he doesn't want to have a third party involved.
Hopefully it'll be worth the wait...

I've read it, thanks.

A few troops... 100,000...
We'll see... hopefully it's be alright...

Because of Russia wanting to invade Ukraine maybe?

We just had new filings on time which is a very good thing.

I checked them and Chris Winter is still paying $5000/month for management fees due "until three months after the closing of a merger transaction."

Nice, thank you!

Crypto, I think so, especially gaming and Metaverse projects.
Decentralized finance maybe but it may have more regulatory hurdles in the US.
It seems the SEC is in the mood to sue as many projects as it can. :-p

What did you read that seemed to be going into the right direction?
The general outline of what's going on or some more details?

There is, for me, something utterly frustrating with this stock, all the time we have to wait to get any news, and fascinating too: how can it stay around $0.70 so consistently without any news when most other penny stocks don't seem able to do so?

Is it the market makers influencing the price or just the free move of the market and people's interest?

IHAI is a different company and didn't go through any change when IHSI was delisted.
As far as I know, they had nothing to do with each other and it was just a glitch in the system that made some believe so.

I posted about it already: IHSI was revoked and the stock delisted after the SEC intervened.
Check that with a professional broker, or anyone else with the official information, because your stock is likely worthless by now.

The SEC's order is here:

https://www.sec.gov/litigation/admin/2021/34-93385.pdf

Unfortunately not that kind of mistake

I think Chris Winter or whoever creates the documents went too fast with the quaterly disclosure statement and just copy-pasted the annual one because the difference I see, and maybe there are others, is:

"I have reviewed this Annual Disclosure Statement of Innovative Holdings Alliance, Inc."

vs

"I have reviewed this Quarterly Disclosure Statement of Innovative Holdings Alliance, Inc."

The quarter ending on August 31 was filed on time but there was a mistake in one of the two documents and, if I understand it right, when they resubmit a document the stock becomes Pink Limited as long as it takes for the OTC Markets website to review the new document.

From the last Disclosure Statement:

IHAI submitted one of the needed filings again today.
Was there a mistake?
I guess it'll need to be processed by OTC Markets first before being current again.