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Friday, January 22, 2021 9:15:01 AM
What was left on the table due to the lawsuit.
Ref: IHSI's FB page for photo's of the PAS unit.
This was an attempt by an IHSI investor trying to assist with private financing. Meanwhile, IHSI had already entered agreements with TCA for a $5M line of credit, who by the way, TCA's predatory lending practices, pulling the rug out on the funding, then taking control of the lion's share of the company, and impacting every shareholder, and so much more...
https://www.pscp.tv/w/1gqxvXmmXOwGB
The Fazync overview:
The Utah test case:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141932139
Fazync was one arm of IHSI/Vortex Brands - ownership by IHSI and a joint partnership (installation agreement) that was (had to be) severed due to the lawsuit. IHSI did not own the tech, but signed a joint 50/50 venture with Mr. Bob Weidner, to help bring the technology to market and IHSI to perform the installation.
This is pointed out to show how detrimental to shareholder and company the lawsuit was. Cresent Construction Company, Inc. (not part of this presentation) was also acquired by IHSI, but that relationship (ownership) was impacted by the lawsuit. CCCI pulled $5.5M in revs for 2017 and had $10.6M in backlogged projects for 2018. Those revs were never factored into the share price as lawsuit quickly put the financials (ownership) in question. But considering TCA has a long-recorded, repeated history of predatory lending to small businesses and ceasing the small company's assets to inflate their balance sheets, well...you get the drift.
Ref: IHSI's FB page for photo's of the PAS unit.
This was an attempt by an IHSI investor trying to assist with private financing. Meanwhile, IHSI had already entered agreements with TCA for a $5M line of credit, who by the way, TCA's predatory lending practices, pulling the rug out on the funding, then taking control of the lion's share of the company, and impacting every shareholder, and so much more...
https://www.pscp.tv/w/1gqxvXmmXOwGB
The Fazync overview:
The Utah test case:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=141932139
Fazync was one arm of IHSI/Vortex Brands - ownership by IHSI and a joint partnership (installation agreement) that was (had to be) severed due to the lawsuit. IHSI did not own the tech, but signed a joint 50/50 venture with Mr. Bob Weidner, to help bring the technology to market and IHSI to perform the installation.
This is pointed out to show how detrimental to shareholder and company the lawsuit was. Cresent Construction Company, Inc. (not part of this presentation) was also acquired by IHSI, but that relationship (ownership) was impacted by the lawsuit. CCCI pulled $5.5M in revs for 2017 and had $10.6M in backlogged projects for 2018. Those revs were never factored into the share price as lawsuit quickly put the financials (ownership) in question. But considering TCA has a long-recorded, repeated history of predatory lending to small businesses and ceasing the small company's assets to inflate their balance sheets, well...you get the drift.
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