Replies to post #33825 on Intelligent Highway Solutions Inc (fka IHSI)

[rossville7]

That's just a guess, just like anyone else's thoughts,, for all you know that subsidiary maybe set up to manufacturer fazync equipment lot less expensive to do it North Carolina than it is in California

[Toxic Avenger]

That is another great find.
The company is being set up by a law firm in NC. The word "receiveship" in the name suggests to me that they are going to try and take back the company, since they haven't been paid and have a receiver appointed (likely the law firm) to oversee its operation.

"In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet financial obligations or enters bankruptcy."

It's often used in bankruptcy, but in this case, I imagine it's because they don't want to see the company go out of business while TCA and IHSI fight.

[Toxic Avenger]

That is another great find.
The company is being set up by a law firm in NC. The word "receiveship" in the name suggests to me that they are going to try and take back the company, since they haven't been paid and have a receiver appointed (likely the law firm) to oversee its operation.

"In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet financial obligations or enters bankruptcy."

It's often used in bankruptcy, but in this case, I imagine it's because they don't want to see the company go out of business while TCA and IHSI fight.

[slow okie]

Great work....Thanks again for this post and all the other ones as well

It seems to be coming into focus... although to some the lines are still blurred