Replies to post #45813 on Intelligent Highway Solutions, Inc. (fka IHSI)

[Burn Notice88]

This a wonderful opinion, FullDeck. But I believe you may be wrong.

Sorry, slow okie. Dewey Keith Gabriel had no incentive to maintain ties with IHSI.

He was/is a General Contractor. As such, he had few if any employees, and minimal if any equipment.

A General Contractor is basically just a guy's company Name, reputation, and a network of sub-contractors that can be contracted with on an as-needed basis. Plumbers, electricians, carpenters and such.

He agreed to stay with the new Cresent as an advisor for a year, I think.

In return, IHSI/TCA paid him $500K+ for the use of the company name and his (brief) services. Turns out they never used his services, as they could not commit to any new projects.

DKG did what any sane businessman would do. Took the money and walked away.

Opened up shop elsewhere and took his reputation, name (slightly changed but recognizable), reputation, and network of sub-contractors with him.

He has no reason to give any revenues to IHSI.

None.

[slow okie]

Not sure about the legalities of all of this.....somewhat suspicious

the lawsuit proceedings I believe occurred sometime in latter part of 2017

The 8-k filed stipulates an employment agreement beginning March, 2017 running for three years which would end March 2020 along with non-compete provisions

Gabriel was filing secretary of state annual reports in the name of Cresent Construction, Inc. in Virginia for 2017 and 2018, respectively, 10-10-2017 and 2-09-2019

If he had walked away due to the lawsuit in late 2017 why would he still be filing in such a manner as late as feb. 2019??

For that matter, why did he file those reports for both Cresent Construction Co., Inc. and Cresent Construction and Design Solutions, Inc. in Virginia for about the same periods of time...i.e 2018 and 2019

Also, is it settled that he received the 500K?

my views only, of course