Replies to post #40889 on Intelligent Highway Solutions, Inc. (fka IHSI)

[Burn Notice88]

Yep, but that new Alpine rule passed in February...not too friendly for note holders.

I suspect that's why IHSI note holders feared they would be left "holding the bag" and renegotiated.

Must be why there's only 3 remaining in IHSI, and they are ALL friendly note holders, and they're restricted shares, per 10Q Q3.;-)

As for Cresent, I just checked NC SOS, again. Sorry to disappoint, but Cresent is still firmly in Devon and Phillip's hands.

Business Corporation
Legal Name
Cresent Construction Company, Inc.
Information
SosId: 0036520
Status: Current-Active
Annual Report Status: Current
Citizenship: Domestic
Date Formed: 10/14/1980
Fiscal Month: October
Registered Agent: Registered Agent Solutions, Inc.
Addresses
Reg Office
176 Mine Lake Court, Ste. 100
Raleigh, NC 27615

Reg Mailing
176 Mine Lake Court, Ste. 100
Raleigh, NC 27615

Mailing
990 Lee-Ann Dr NE
Concord, NC 28025

Principal Office
990 Lee-Ann Dr NE
Concord, NC 28025

Officers
Secretary
Robin Barbee
990 Lee-Ann Dr NE
Concord NC 28025

Treasurer
Robin Barbee
990 Lee-Ann Dr NE
Concord NC 28025

President
Dewey Keith Gabriel
990 Lee-ann Dr. NE
Concord NC 28025

Chief Executive Officer
Devon Jones
990 Lee-ann Dr NE
Concord NC 28025

Vice President
Philip Kirkland
990 Lee-ann Dr NE
Concord NC 28025

https://www.sosnc.gov/online_services/search/Business_Registration_Results

[ThirdSyte]

Uhh.

Yes, they can -- and do.
Company actions has no baring in note-holders.

Company cannot issue new, or more shares, but outstanding notes may still be converted.

Happens all the time.