Intelligent Highway Solutions Inc (OTCMKTS:IHSI) Takes A Hit

[[tagnumber 0]][[tagnumber 1]]The first half of the year went very slowly for Intelligent Highway Solutions Inc (OTCMKTS:IHSI) as the company stock recorded very small daily volumes and regularly closed sessions without a single traded share.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Lately, however, we have seen some increased interest in the company stock. At first it looked like there was nothing to fuel the movement. Even the latest quarterly report was filed way back in May and contained the following numbers of prime interest.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 9]] [[tagnumber 10]]cash: $37 thousand[[tagnumber 11]] [[tagnumber 10]]current assets: $303 thousand[[tagnumber 11]] [[tagnumber 10]]current liabilities: $2.2 million[[tagnumber 11]] [[tagnumber 10]]quarterly revenues: $183 thousand[[tagnumber 11]] [[tagnumber 10]]quarterly net loss: $438 thousand[[tagnumber 11]] [[tagnumber 20]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This definitely doesn’t look good, despite the fact that the company is generating decent revenues. The cash on hand seems to be far too little and the net loss is significant. So are the liabilities. This can explain the volatility that we are seeing lately.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]On July 23 the company announced the completion of a purchase order for Honeywell International Inc. (NYSE:HON) which managed to provide the ticker with a 96% boost. Unfortunately, [[tagnumber 28]]IHSI[[tagnumber 29]] couldn’t hold its ground and slid 36.73% the next day, closing the week at $0.0031 with 38 million traded shares and a daily dollar volume of $136 thousand.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The high volumes that we have seen from [[tagnumber 28]]IHSI[[tagnumber 29]] lately suggest that the current outstanding share count is far greater than the 51 million reported on May 20. So does the fact that the company authorized an increase of their authorized shares from 100 million to 500 million back at that time.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The ticker seems a bit more stable in today’s session, but considering its recent volatility you should be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]