Clues and timeline of cleaning house of toxicity.
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Posted On: 08/27/2017 7:06:40 PM
Clues and timeline of cleaning house of toxicity.
It's no secret the company is seeking better financing to replace toxic convertible notes with more traditional long-term capital in the public markets. IHSI has stated such in several PRs and the financials. Imagine how this will increase the value of IHSI once these dirty notes are off the books. If or more like when successful, when it happens, it will happen overnight. Those old notes would disappear and armed with a more-typical conventional loan with lower rates, the company will grow the business with a steady stream income and further acquisitions.
I believe multiple clues indicate the debt restructuring could possibly be in motion. Based on the following signs from IHSI and the debt restructuring company IHSI touted in their "very first" tweet. Moving forward I will refer to the debt restructuring company as "Company X." IHSI's first tweet was clue number one, something is be brewing.
The second clue, which actually preceded clue one, but was meaningless without clue number two, IHSI got their financial house in order, spending 10's of thousands of dollars to get all quarterly and annual filings updated, with the 10K audited for 2016. This matches perfectly with the first article on Company X's website, "Take the Summer to Get Your Financial House in Order."
Clue number three, were consistent demands to the company by shareholders to stop the toxic lending and selling of notes into the bid. Numerous phone calls and email exchanges between concerned shareholders and IR with those thoughts, feelings and feedbacks openly shared on the board, including management's opinion, responsiveness and willingness to listen to and address shareholder concerns. This was confirmed in clue number four.
Clue number four, was the company's letter to shareholders on August 8th. In that letter, management acknowledged shareholder concerns, "As shareholders, your concerns about IHSI are the dilution, debt, stock price and reverse split. When the first quarter 10Q was filed, and outstanding shares were reported, there were shares in the pipeline that, as of the filing, were scheduled for distribution but had not yet been issued. We have consolidated our debt and we believe our relationships with the note holders is excellent. It has been an expensive process to have our reporting updated, acquire Cresent and seek other acquisition targets. But this is our future...and our investors' future. We are looking for better financing to replace these notes and we anticipate a cash flow that will support the growth of the Company and service our expenses."
This weekend I spent time, "following the money" by taking a closer look at Company X. Out popping multiple clues from Company X's webpage "What We Do." I could spend upwards of an hour building a checklist of the things Company X recommends all OTC companies facing toxic lending to do, along with the services Company X provides. Then spend more than 30 minutes connecting how I believe IHSI is checking off Company X's capital restructuring checklist. For now, I'll leave that up to you to investigate and draw your own conclusion.
To help those along a little bit, I can't help but believe the recent $1.7M lawsuit vs. the toxic lender is related. I can't help but believe the company's hiring of a professional IR firm is related. I can't help but believe that Tom Allinder coincidentally, who works for the debt restructuring company, who also assisted with the facilitation of the company website. I can't help but believe that Company X underscoring the use of social media to get the message out and now IHSI is tweeting away. I can't help but believe the recent picture I found on the interweb from the downtown investment banking district in NY is mere coincidence it originates from IHSI's website. Most of all, I can't believe how easy it was to tie all this together with just one tweet. It MAY all be mere coincidence, BUT I don't believe it is!
And oh, by the way, clock is ticking. Company X said 90 to 180 days to turn the bad debt around. By my timeline, they may have been working with Company X for several months now. Website built. Lawsuit vs. bad lender. IR firm in place. Social media check. The list goes on...
But don't take my word. Research and judge for yourself.
Happy hunting!
It's no secret the company is seeking better financing to replace toxic convertible notes with more traditional long-term capital in the public markets. IHSI has stated such in several PRs and the financials. Imagine how this will increase the value of IHSI once these dirty notes are off the books. If or more like when successful, when it happens, it will happen overnight. Those old notes would disappear and armed with a more-typical conventional loan with lower rates, the company will grow the business with a steady stream income and further acquisitions.
I believe multiple clues indicate the debt restructuring could possibly be in motion. Based on the following signs from IHSI and the debt restructuring company IHSI touted in their "very first" tweet. Moving forward I will refer to the debt restructuring company as "Company X." IHSI's first tweet was clue number one, something is be brewing.
The second clue, which actually preceded clue one, but was meaningless without clue number two, IHSI got their financial house in order, spending 10's of thousands of dollars to get all quarterly and annual filings updated, with the 10K audited for 2016. This matches perfectly with the first article on Company X's website, "Take the Summer to Get Your Financial House in Order."
Clue number three, were consistent demands to the company by shareholders to stop the toxic lending and selling of notes into the bid. Numerous phone calls and email exchanges between concerned shareholders and IR with those thoughts, feelings and feedbacks openly shared on the board, including management's opinion, responsiveness and willingness to listen to and address shareholder concerns. This was confirmed in clue number four.
Clue number four, was the company's letter to shareholders on August 8th. In that letter, management acknowledged shareholder concerns, "As shareholders, your concerns about IHSI are the dilution, debt, stock price and reverse split. When the first quarter 10Q was filed, and outstanding shares were reported, there were shares in the pipeline that, as of the filing, were scheduled for distribution but had not yet been issued. We have consolidated our debt and we believe our relationships with the note holders is excellent. It has been an expensive process to have our reporting updated, acquire Cresent and seek other acquisition targets. But this is our future...and our investors' future. We are looking for better financing to replace these notes and we anticipate a cash flow that will support the growth of the Company and service our expenses."
This weekend I spent time, "following the money" by taking a closer look at Company X. Out popping multiple clues from Company X's webpage "What We Do." I could spend upwards of an hour building a checklist of the things Company X recommends all OTC companies facing toxic lending to do, along with the services Company X provides. Then spend more than 30 minutes connecting how I believe IHSI is checking off Company X's capital restructuring checklist. For now, I'll leave that up to you to investigate and draw your own conclusion.
To help those along a little bit, I can't help but believe the recent $1.7M lawsuit vs. the toxic lender is related. I can't help but believe the company's hiring of a professional IR firm is related. I can't help but believe that Tom Allinder coincidentally, who works for the debt restructuring company, who also assisted with the facilitation of the company website. I can't help but believe that Company X underscoring the use of social media to get the message out and now IHSI is tweeting away. I can't help but believe the recent picture I found on the interweb from the downtown investment banking district in NY is mere coincidence it originates from IHSI's website. Most of all, I can't believe how easy it was to tie all this together with just one tweet. It MAY all be mere coincidence, BUT I don't believe it is!
And oh, by the way, clock is ticking. Company X said 90 to 180 days to turn the bad debt around. By my timeline, they may have been working with Company X for several months now. Website built. Lawsuit vs. bad lender. IR firm in place. Social media check. The list goes on...
But don't take my word. Research and judge for yourself.
Happy hunting!
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