Replies to post #50260 on Intelligent Highway Solutions, Inc. (fka IHSI)

[tradequest]

Reasonable outlook for IHSI and I will mention also I'm watching about 15 otc stocks and I'm noticing similar patterns and crypto haha. Maybe gme is causing everything to go haywire.

[FullDeck]

Lawsuit resolution can only be bad for IHSI.

It's contractually clear IHSI owes the Debt Collector (TCA Fund Receivership) over $650K.

As of now, here's where it stands:

https://tcafundreceivership.com/docs/DE108_3rd_STATUSREPORT.pdf (Page 56)

The pleadings are closed, and the Receiver is preparing to file dispositive motions on its claims to foreclose on the borrower’s (IHSI's) loan obligation

To be clear, IHSI's runup had nothing to do with this lawsuit, or anything else IHSI-related for that matter.

IHSI just rode the coattails of the OTC-crazed bubble with dozens of other worthless OTC stocks. Fer cryin' out loud, even RIGH went over .0020!

Wotta hoot, but great for long-term holders sitting on a loss that needed to get out.

Good for them.

But if you believe the lawsuit has had some affect, beware the "sell on the news" phenomenon.

The lawsuit resolution will only take away the shiny object that has distracted from the fact that IHSI is a defunct, debt-ridden non-company, with over about $10MM in Total Liabilities.

And over $2MM of that is owed to the IRS for back taxes.

Y'don't mess with the IRS.