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Re: James salmon post# 17496

Tuesday, 01/27/2015 11:34:45 PM

Tuesday, January 27, 2015 11:34:45 PM

Post# of 20775
It will occur as soon as FINRA approves.The last court filing was yesterday Doc# 113 signed by Oing approval of settlement which was just one less case he wanted anyway.

I would think the settlement money is in the bank.Now time to push Tau and pray Shire results are positive but my thinking is yes cause you don't go to clinical 1/2 in Oct when you had a phase I trial about to end unless they knew the results were good.

To me its a no brainer.If Phase I was a failure you sure would not go to 1/2 you would pull the plug like Pfizer did regarding Phase III in the summer of 2012.

With this restructure and the r/s the fully diluted o/s will be a little over 12 million if my math is right.Them new preferred series F share at 8% will no doubt raise eyebrows to risk takers or others with investment capital.

No doubt thats why they wiped out 18.4 million off the balance sheet in 2013 and the big part 16.25 million the summer of 2014.

I just don't see ILNS around after 2015 and it may occur alot sooner imho or thats my thinking.Don't forget what Elliot did in his prior years!



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