Replies to post #11229 on Intelligent Highway Solutions, Inc. (fka IHSI)

[starkd748]

No bid on this turd soon more convertibles in Oct.

[my2Mustangs]

Yea, they had stopped on 9/2/2015 but I see they've started again.

Hard to get Honeywell contracts done when the only employees are the officers.

We currently have 3 full time employees, consisting of three executives.

Yet they still lost:

Net loss $ (3,568,148 )

in 2014.

Do you think IHSI will do a secret move and AS increase like the last one did?

What's the point of claiming $1.1M in revenues if they claim they're spending $3.5M+ to do it?

Funny, they claim to be ramping up the number of employees "to as many as 10" but have no employees at the end of the year to work on the "other" Honeywell contract.

[my2Mustangs]

Here's from the 10Q about the Honeywell revenue.

Revenues during the three and six months ended June 30, 2015 and 2014 were generated from contracts with Honeywell for the installation of a temperature control system and other general electrical contracting work

The red part is the same as the March 2014 PR about the "temperature control system" installation that they apparently did not finish in 2014 as PRd back then because here they are saying that the "temperature control system" wasn't finished until the 1st quarter of 2015.

The Honeywell project was completed during the first quarter of 2015

Of course they tried to hint of more contracts from Honeywell in 2014 but only 2 were ever PRd.

This purchase order will be released in four phases and is expected to be completed in the next 9-12 months.