iEntertainment Network (IENT)

[protagonist12]

I do understand that it's a matter of principle. Honestly, and I hate to say it, if I were you I'd just forget about it. Given that you bought way back in 2000, you probably paid what, a couple dollars or more? Why not write off the loss on your taxes? Or if Bill ever does what he says and brings IENT back into full SEC compliance you might have a shot at getting your shares back. But I wouldn't hold my breath for that as a similar feat has never been accomplished before. That's the key point that IENT shareholders either don't realize or don't care about.

See the problem is IENT is a form 15 filer with no transfer agent. They are under no legal obligation to take your shares back since they do not need to file the required SEC disclosures or audited financials anymore. Kind of defeats the purpose of being a publicly traded co. but that's another discussion.

So in that sense the # of outstanding shares for IENT is meaningless and does not need to be accounted for- just as no one here can tell you the the real float or O/S, or whether Stealey has done backroom secondary offerings at the country club. The least he could do is send you a check for the certificate in good faith but I guess he doesn't even care about it.