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  "documentTitle": "Intelligent Systems Corp (INS)",
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  "notes": "This is a research note from Grizzly Reports alleging financial impropriety.",
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      "text": "Note for the Reader: For sake of keeping an overview of the convoluted relationship web, we created a relationship map for readers which can be found in the Appendix at the end of this report.",
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      "text": "This transaction could have had the effect of artificially boosting INS’s revenues, given that Flexopt is simply round-tripping INS’s investment into Flexopt back to INS in the subsequent processing agreement.",
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      "text": "Please read our disclaimer here: https://grizzlyreports.com/termofservice/",
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      "text": "Attentive investors will note that New Vision was the other major listed accounts payables vendor for Flexopt (shown again below).",
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      "text": "Flexopt is also related to INS in another way: a company called New Vision Softcom and Consultancy Private Limited. ISC Software (INS’s India sub) has two listed directors: Anupam Pathak (above) and Neeti Pathak.",
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      "text": "Neeti Pathak is registered with Ministry of Corporate Affairs (MCA). Their DIN is 02290883. Following is their current and past directorship holdings.",
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      "text": "INS’ subsequent processing agreement with Flexopt also would have been an undisclosed related party transaction. This transaction could have had the effect of artificially boosting INS’s revenues...",
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      "kind": "source-note",
      "text": "Source: zaubacorp.com",
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      "text": "About NEETI PATHAK",
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