Intellect Neurosciences Inc. (fka ILNS)

[Dubb10]

I will warn you guys, just as I warned those in another stock I used to follow before it was suspended.

ILNS is a company that files with the SEC. They haven't filed any financials since the middle of 2016. In order to stop filing with the SEC, they have to file with the SEC stating as much (I forget which form). Then, they can head to the Pink Sheets.

If you are unable to contact anyone from the company to find out when they will become current, then I'd be very concerned.

Failure to file with the SEC over the course of time will result in the SEC suspending the stock, where it will head to the Grey Sheets after 10 trading days. Over the long term, that is usually bad for anyone still holding a position with the company. It is difficult for companies to get off of the Grey Sheets, and can be a very lengthy process. You may want to contact your brokers for more information about stocks on the Grey Sheets.

Why would the SEC suspend trading in a stock?
A lack of current, accurate, or adequate information about the company, for example, when a company is not current in its filings of periodic reports

https://www.sec.gov/oiea/investor-alerts-bulletins/ib_tradesuspensions.html

Posting examples on this board may be considered as offtopic (I've been burned by mods before), so I suggest looking for examples via the SEC Enforcement Twitter page. Do an advanced search for SEC suspensions. You may be able to find many examples through IHUB's SEC Suspensions & Revocations forum and/or contacting the mods over there.

For more about SEC suspensions:
https://www.securitieslawyer101.com/2014/sec-trading-suspensions-101/