Intelligent Highway Solutions, Inc. (fka IHSI)

[Burn Notice88]

$10 million in backlogged projects. Just needed the working capital to make them happen. $5.5 million in revs for FYE17. Secured the funds on paper, but lenders kept pulling the strings, never released the funds. Lender used an attorney to set up a ancillary company to maintain 100% control. Devon/IHSI never received the funding. He was never brought under wings of the new company, nor given management responsibility. Hence, the lawsuit stopped THIS vvvv growth potential in its tracks, severely damaging IHSI and shareholders.

Meanwhile, the SEC has this case under review, as they should.

Per stockopedia, "FINANCIAL BRIEF: : For the nine months ended 30 September 2017, Intelligent Highway Solutions Inc revenues increased from $0K to $3.2M. Net income totaled $7.9M vs. loss of $439K. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Net Income reflects Gain (loss) on derivative fair value adj increase from $350K to $10.1M (income)."

Per Globe Newswire, "Devon Jones, CEO of Intelligent Highway Solutions stated, "It's time we began discussing the incredible value that Cresent Construction brings to our company. For the prior three months, Cresent finished with over $1.3M in sales. Twelve month sales are expected to exceed $5.5M. Also, Cresent has over $10M in projects backlogged for 2018 already with other projects in negotiations. What has us extremely excited is the future of this division and how it will positively impact the overall business strategy."