The "document" has nothing to do with IHSI. It is an offering for PK Kirk, which IHSI does not own nor is affiliated with.
The offering proposes to sell 5M shares of stock for $1. Looking through it, that's a "big round number" that is unsupported by the company's performance. That is 5M shares of what would be a total of 40M, 1/8th of the equity ownership, with the private "investors" who "paid" $0.0021 per share for the 35M shares, or a total of $74k (page 10). For this $5M, the new investors get 12.5% of a business that has $124k in assets offset by $64k of liabilities (page F-2), revenues of a measly $305k and a small operational loss (page F-3). For this investment, they plan, essentially, to hire people to do projects and grow (page F-11_, but the projects should pay the people anyway. Good luck selling that stock, but I expect the price and share count is a placeholder for a later revision. Oh, and 2 officers, Phil and his wife.
Oh, and did I mention it has absolutely nothing to do with IHSI?
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