Intelligent Highway Solutions, Inc. (fka IHSI)

[Toxic Avenger]

Remember when I explained how companies with millions in profits don't sell themselves for a couple million dollars, so speculation of how much Crescent was making had to be off base?

https://backend.otcmarkets.com/otcapi/company/sec-filings/12648277/content/html#EX99-1_HTM

Bingo! Net income for the prior two years to the acquisition was $220k. Cash flow was about $300k.

Interestingly, it appears IHSI's filings overstated Crescent's gross and net profit significantly.
"Cresent financial year end, October 31, 2016, Cresent Construction recorded revenues of over $7.2 million, a gross profit of over $581,000 and a net income (profit) of $387,000. "

But the real problem is that in 2016, with no revenues, IHSI lost $500k from Ops. In 2015, with $250k in revenues, they lost $1.5 million from Ops.