Intelligent Highway Solutions Inc (fka IHSI)

[Burn Notice88]

Cutting through IHSI BS With FACT:

It's the trajectory of the biz that's most meaningful.

My opinions in bold.

cresent gross revenues down for 2017 at $5.5M from previous projections.

Projects:
The backlog exceeds $10.6 million, with new work and bids underway.
http://www.marketwired.com/press-release/intelligent-highway-solutions-inc-issues-shareholder-update-otcbb-ihsi-2241096.htm

https://globenewswire.com/news-release/2018/02/01/1330164/0/en/IHSI-Announces-Cresent-Construction-Has-Major-Role-To-Play-In-Overall-Business-Strategy.html

gross profit virtually anemic on actual gross revenues

See projects note above and validation of bids note below.

cresent in ongoing dispute with TCA--ownership and control up for grabs

Ownership of Cresent Construction Company:

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141789426

Legal guidance:

https://ih.advfn.com/p.php?pid=nmona&article=77667479

revenues for 2018 may not exist for IHSI depending upon settlement of TCA dispute

See Legal guidance note above.

only revenue producer for IHSI...

backlog of $10M in gross revenues is a little misleading as specific jobs cannot be identified..even so, historic gross profit not enough to cover operating expenses creating an ongoing net loss

Validation of bids/projects leading to $10M in projected revenues...
Remember gov contracts take time to go from bid, to approved, to start, to payments, to completed contracts.
* Projects not listed on Cresent web page, so these bids are newest and match up with the $10M+ in revs projected in.

May 31, 2017: http://planroom.richa.com/rep/3891/Addendum%201/Huntersville%20Fire%20Station%202%20Addendum%201.pdf

February 2, 2017:
http://www.rbsarch.com/bidding/RKABC/BiddersList.pdf

October 6, 2017: http://www.lakenormanpublications.com/herald_weekly/board-approves-contract-bid-postpones-votes/article_508ff1ce-8b0a-11e6-91e6-93dd186deff8.html

October 3, 2016:
https://www.huntersville.org/AgendaCenter/ViewFile/Minutes/_10032016-148

June 6, 2015: (dated but potentially relevant):
http://www.dpibidroom.com/View/ViewJob.aspx?job_id=15222&view=ph

the pattern is less than encouraging from this vantage point

Looking pretty good from my vantage point.

$IHSI