There is too much positive going for IHSI - must agree with you.
They chose to raise the a/s instead of reverse splitting. The leadership and direct connection to Honeywell makes this company intriguing. Do your DD. read the press releases. Clearly they indicate they have existing Honeywell deals and now deals with the lighting. That's why they went for private financing. They are closer than ever.
They chose to take out 5mil in private equity funding so they can pay down the convertibles. They paid about 175k in debt through convertible payments from June-late August according to the recent Q. 19 notes were turned in. This can be found below and in the latest Q.
There is a reason volume is so low down here. Once this clears 2- the 100mil plus vol days will easily return and this will rise on more information related to EXISTING Honeywell deals and with the grow lighting business.
Just a month ago- the company was very clear what to expect - they spell it out since Aug 6. So anyone looking at this would be waiting until about now - as it's likely the supposed shares due Friday have already been issued. The loans allowed for them to be pulled out earlier. Who knows. But if they don't r/s- this will definitely work right back up the MA50. Honeywell Is no joke. This company has done 1 mil in revs. If we just saw the worst - as CEO Devon jones claims- -it could get very interesting the next two weeks
August 20, 2015 - Intelligent Highway Solutions Announces 2nd Quarter Results
SACRAMENTO, Calif., Aug. 20, 2015 /PRNewswire/ -- Intelligent Highway Solutions, Inc. (OTCQB: IHSI) announces second quarter financial results.
Devon Jones, CEO of IHSI, said, "We are very disappointed in our 10Q results filed yesterday. The
Company went through a difficult quarter; we feel the worst is behind us. The recently announced $5 million private equity line of financing will be used to help pay down the existing convertible notes and expand on the pending Honeywell orders. We are also in our final stages of negotiations for a distribution agreement for a revolutionary agricultural grow lighting system. We anticipate the distribution contract to be finalized next week." Mr. Jones continued, "We appreciate the support of our shareholders and will continue to work to get the Company profitable."
About Intelligent Highway Solutions, Inc.
Intelligent Highway Solutions, Inc. was formed in April, 2011. IHSI develops high and low voltage electrical solutions for a variety of platforms. The company performs electrical installations, temperature control systems, communication and wireless integration and advanced lighting systems.
Forward Looking Statements: Any statements contained herein that are not historical facts are "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made subject to certain risks and uncertainties, which could cause actual results to differ materially from those presented. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only to the date such information was released. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after release of this information.
Contact:
Devon Jones, CEO
Intelligent Highway Solutions, Inc.
devon@hwysolutions.com
August 6, 2015 - Intelligent Highway Solutions Secures $5 million Private Equity Line of Financing
SACRAMENTO, Calif., Aug. 6, 2015 /PRNewswire/ -- Intelligent Highway Solutions, Inc. (OTCQB:IHSI), confirms it has entered into a Private Equity Line Financing for up to $5,000,000.00, subject to terms and conditions.
"This news is great for our shareholders and the timing is perfect," said Devon Jones, CEO of IHSI. "This type of financing is excellent for our company because it has no downward convertible mechanism and it gives us what we need to accelerate the execution of our business plan."
