Intelligent Highway Solutions, Inc. (fka IHSI)

[Toxic Avenger]

The have an IRS lien. Do you really think the government will give them work?
But as M2M pointed out, when they had revenues of $1 million last year, they lost $3.5 million.
Interest alone was $1.5 million and since they're taking on more debt and defaulting on older loans, it's only going up.

The reason they're last Q revenues were near zero were probably because people started looking at their financial stability, the convertible debt, the liens and the negative working capital and said "No thanks".

So they'll have to go WAY under cost to get any contracts.

But the real problem they have is so much toxic financing that there will be billions of shares of dilution. Is their solution to tighten their belts and say "no more toxic debt"?
Nope, it's to issue insiders 5 billion votes so they can keep doing whatever they like.

It's a f'n disaster.