Intelligent Highway Solutions, Inc. (fka IHSI)

[na na]

Overall problem (last reported SEC 10-Q 2017);

The Company’s unaudited condensed consolidated interim financial statements are prepared using generally accepted accounting principles in the United States of America applicable to a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. As of September 30, 2017, the Company has an accumulated deficit of $14,402,903 a working capital deficit of $6,995,639, continued losses from operations and significant tax liabilities as discussed in Note 11 – Commitments and Contingencies which raises substantial doubt of the Company’s ability to continue as a going concern. While the Company has recently established an ongoing source of revenues, we do not anticipate it to be sufficient to cover its operating costs and allow it to continue as a going concern. The ability of the Company to continue as a going concern is dependent on the Company obtaining adequate capital to fund operating losses until it becomes profitable. If the Company is unable to obtain adequate capital, it could be forced to cease operations.

In order to continue as a going concern, the Company will need, among other things, additional capital resources. Management’s plan is to obtain such resources for the Company by obtaining capital from management and significant shareholders sufficient to meet its minimal operating expenses and seeking equity and/or debt financing. However management cannot provide any assurances that the Company will be successful in accomplishing any of its plans.

The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraph and eventually secure other sources of financing and attain profitable operations. The accompanying unaudited condensed interim financial statements do not include any adjustments that might be necessary if the Company is unable to continue as a going concern.


It's what we don't know revenue wise since then 2017 (looking for next 10-K 2018) and IF there is any RM potential. Why BVTK would partner with them is one of two reasons 1) see value in their line of services and help them grow as a MAP (and get out of debt) and or 2) RM DP into IHSI clearing the debt and new ticker created (DPLS?). IMO

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=139407006

I own 70 mill shares by the way..