Posted On: 11/29/2015 12:23:52 PM
Post# of 780
Did you see the IHSI article written in August by Hotstocked? I noticed this company has/had quite a bit of debt, but according to this article, "Between July 9 and August 14 (a period of just thirty-six days), the note holders converted $246,235 worth of debt and interest into 269,037,466 shares of common stock." That would explain the drop in price to Triple 000. For holders back in August who bought in at higher prices, that wasn't good news, but I think this looks promising now as the company is paying off its liabilities. I did a search on IHSI stock volume between August to present day and the volume was increasingly higher than over the July 9 and August 14 period, which points to more debt possibly being converted. This goes hand-in-hand with IHSI's press release on November 3, "The number of active convertible lenders have been consolidated from six to two. This reduction in active lenders will have a significant impact on the number of shares to be sold at any given time. It is anticipated that the Company's day to day operations will be addressed from the previously announced $5 million private equity line of financing. The equity line will provide financing based on timing and amounts based on the sole discretion of the Company. Furthermore, since the equity drawdowns have a floor price, the prospects of a toxic, dilutive financing is eliminated." From what I have uncovered the company is clearing up their debt problem and moving the company forward with new equity line financing. With new orders just signed (AAA Organic Delivery) and more orders pending (First of Multiple $92,000, November 19 PR) and "In JV Talks With A Major Grow Company" (October 21) I like how this OTCQB company is setting up for a big turnaround in the near future.
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