Replies to post #50367 on Intelligent Highway Solutions, Inc. (fka IHSI)

[Burn Notice88]

You missed the point. "Secured" as in won. Cresent had WON the bids for multiple contracts. They were selected over other contractors to complete multiple projects at various locations. $10.6M worth. That was GUARANTEED revenue, as long as Cresent completed all the projects. Revenue IHSI could have booked in their financials. Revenue that could have been used to parlay into and win other projects. TCA broke a good-faith agreement. Lied to company executives. Failed to disperse funds. IHSI suffered damages as a result of these actions. This gravely impacted the company, its employees and all shareholders.