Intellect Neurosciences Inc. (fka ILNS)

[itwillgetbetter]

It really is a moot issue if Elliot completes a sale of the company which may happen if TauC3 meets the conditions and SHP-622 goes to Phase II which imo both will occur.

Just don't see a real reason for it to be so high and with little work and little money Elliot could bring it into a reasonable range. Imo being at 2 billion is not what investors would want if they were going to take a position considering the past history regarding reverse splits.

However with the pps in the toilet may be the real factor regarding the issue due to the fact future funding will be required if a milestone don't come in by late summer which means more dilution.

How we got to this o/s fully diluted today is totally against what the intent of the restructure,r/s and massive reduction of debt that's occurred again imo.