Replies to post #39746 on Intelligent Highway Solutions, Inc. (fka IHSI)

[FullDeck]

It means IHSI does NOT own Cresent..

Indeed, they can't even spell it right in their filings (Cresent, not Crescent).

https://seekingalpha.com/filings/pdf/12648277.pdf


The whole purchase of Cresent was a sham engineered by TCA and IHSI to give the illusion that there was a real company, with real revenues, that IHSI could report.

The Special Purpose Vehicle that TCA told IHSI to set up to purchase Cresent was in fact CONTROLLED by TCA, not IHSI.

SEE:
"Too much! For $10, TCA Global bought controlling interest..."
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136763476

The owner of the "original" Cresent, Dewey Keith Gabriel has since set up shop under a similar name, and presumably now runs his business out of there.

The old Cresent is "in receivership"... AKA limbo, until such time as TCA and IHSI drop the sham.

"Add to the mix... Cresent in 'receivership'?"
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=136748528

IHSI can't legally make any claims to Cresent revenue, because, as the filing says-

 No orders have been issued in any of such litigation supplying TCA or the Registrant with control of Crescent.

But it provided cover for the billion share days where some convertible note holders could dump some shares... albeit mostly at .0001 (when their cost was around half that).

Dead company here, absent a massive reverse split, wiping out common holders of what little "worth" they may have left.

Shameless.

Buyer beware.