Intelligent Highway Solutions, Inc. (fka IHSI)

[Burn Notice88]

RE: "It Was A BS Lawsuit:"

It was a BS lawsuit. The $1.5M of services not provided was alleged in the withdrawn lawsuit. Whether IHSI owes that will be a matter of settlement or litigation.

But, let's say the $630k-ish is the number. The last balance sheet for this company shows them upside down by over $6M, and they've been out of business. Where's the money coming from?

$1.5M: In red above, we concur.

$6M Upside Down: This $ number is NOT accurate. Total liabilities and deficits equals less than $2.5M, per the last Balance Sheet on file. This includes paid in capital as well as the $631,855 liability owed for the acquisition of Cresent. See balance sheet below (two screenshots - could not fit into one screenshot).
Ref: https://www.otcmarkets.com/filing/conv_pdf?id=12392708&guid=2VYKUazcD_uvLth

BS Lawsuit: We can agree on the fact that it was BS that IHSI had to resort to suing TCA for their repeated fraudulent and deceptive lending practices. Dangling a carrot (partial funding) on a stick, then pulling the rug (line of credit) out from under IHSI, and seizing the Cresent assets (administratively), was pete, repeat and partial to the way TCA has been operating with other small company (lendees) for a number of years -- underscoring why a whistleblower came forward and the SEC investigated and charged them with fraud.

As for where the money is coming from, to pay for the ~$2.5M in ongoing liabilities, which is minimal by construction company standards, time will tell.