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This is old news from April. Reposting it is intentionally misleading!
$ILUS now Penny Stock Exempt - "To qualify as 'Penny Stock Exempt' on the OTC Markets, an issuer must satisfy one of the following requirements: (i) the issuer’s securities have a minimum price greater than $5 per share; (ii) the issuer has average revenues of at least $6 million for the last three (3) years; or (iii) the issuer has net tangible assets exceeding $2 million, if the issuer has been in continuous operations for at least three (3) years or $5 million if less than three (3) years."
$ILUS Moves Forward With Its Two Subsidiary Uplists and Equity Dividend | NASDAQ https://nasdaq.com/press-release/ilus-moves-forward-with-its-two-subsidiary-uplists-and-equity-dividend-2024-04-10 $SAML $QIND
It makes me laugh. SEC investigating. I own one company (HEMP) was investigated CFO found guilty of wrong doings. What happened He was removed has CFO. But still owns majority of shares the company Hired back as special adviser. Still on the market, Still own 100 thousand shares. Another company brough was investigated was POTN. Ingestion took a long time; it might be still going on. POTN owned Diamond CBD. Still get Email form Diamond but POTN in just a number. Still Bullish on ILUS will hold to the end.
The SEC is investigating this scam. Careful…
please elaborate
Caren Courier is singing and is about to expose this scam and its thug CEO.
I would be willing to take the loss IF they were actually thugs and all of this results in Georgie getting what is due to him in true thug fashion. That would be worth every penny!
$ILUS Subsidiary QIND has acquired a 51% interest in Al Shola Gas, which delivered nearly $11 million in revenue and $1.8 million in net income in 2023.
IS that what you are referring to?
George Sharp is about to expose the thug the CEO here is.
Not that he would respond to the question now, it would be interesting to hear JP's take on this issue. Obviously, it's very important. CH, I think your main point is wondering if and when the uplist merger will actually be completed. Sure hope so. And, I hope it will be completed soon.
Can they still include first quarter earnings from a company they have not completed the purchase yet?
Question: The pr made it sound like they are eagerly awaiting the next quarterly report, as it will include the earnings of QIND's new acquisition. However, if I remember correctly, they have not really paid for it yet, as payment is to be in shares of the uplist merger company.
Can they still include first quarter earnings from a company they have not completed the purchase yet? If they do, and the uplist does not happen (their track record of completing hoped for deals has been abysmal), would they then have to restate downwards again a la QIND???
Just a happy thought.
$ILUS #UNDERVALUED #OVERSOLD Market Cap 15,437,130 as of 05/02/2024??
ILUS has been able to accumulate over $62 million in total assets with net assets of over $32 million
https://finance.yahoo.com/news/ilus-files-form-10-k-123818903.html
George Sharp was spot on about this POS!
Aya ,Aye Aye
Time to Buy?
QC4M,
I agree with your assessment. I do think they're trying hard, but they've lost their way too many times. Unfortunately, they haven't yet come close to the goal line.......not even to the the redzone. They're still trying to make first downs on their side of the field. They need a Bill Belichick to give them a few kicks and an Andy Reid to give them a better game plan.
Personally, I think they are trying to make things happen, but keep failing to get it over the goal line.
what don't you understand? We cannot vote them out. They own the company. We are just wishful dreamers. A long for the ride. I will keep dreaming to the end. I believe they will bring this company or companies around.
The “two clowns” have a majority of the voting shares. No way to vote them out. You believe them and stick around or sell and move on.
Stock price will go no where but down until they actually complete something they promised. Personally, I think they are trying to make things happen, but keep failing to get it over the goal line.
f in disaster again. we need to vote the 2 clowns out. totally gone. they needs to sell fish at the fish market, no idea here
At this point does that surprise you?
Notably, the company remains securely on track to uplist both its Industrial and Emergency Response subsidiaries to a Senior Stock Exchange in the short to medium term
That is a very broad and hazy time frame. That can be anything from a year to 5 years.
Those goal posts keep moving.
NEWS: ILUS Files Form 10-K and Provides Shareholder Update
NewMediaWire
Thu, May 2, 2024, 8:38 AM EDT
In This Article: ILUS
NEW YORK, NY - (NewMediaWire) - May 2, 2024 - ILUS International Inc. (OTC: ILUS) is a mergers and acquisitions company that is committed to acquiring and growing businesses in the public safety and industrial sectors.
ILUS was delayed in the filing of its Form 10-K following the decision by its Industrial subsidiary, QIND, to agree to the cancellation of an acquisition, with the decision being made on 1 April 2024. The company has now filed its annual report, which includes a restatement of its financials for the years 2022 and 2023 due to the cancelled transaction.
Following the restatement of its financial statements, ILUS has experienced a significant impact on its balance sheet, resulting in a net loss recorded on its income statement. Despite this setback, ILUS is now on a positive footing following QIND's recent acquisition of Al Shola Gas and the more recent expansion of its Emergency Response subsidiary within its own publicly listed special purpose vehicle (OTC: SAML).
It is noteworthy for an OTC Markets listed company that ILUS has been able to accumulate over $62 million in total assets with net assets of over $32 million in the face of exceptionally challenging market conditions. Notably, the company remains securely on track to uplist both its Industrial and Emergency Response subsidiaries to a Senior Stock Exchange in the short to medium term. In this regard, senior publicly traded companies are visiting Dubai next week to tour facilities as part of their final due diligence stage.
Over three years, ILUS has acquired seven operating businesses, incorporated two entities, and attained control over two OTC-listed public entities which now operate as its subsidiaries. ILUS has incurred significant write-downs and losses during the process of consolidating its subsidiaries and operating businesses. These losses are a direct result of the integration and restructuring of the acquired businesses. Consequently, the net operational costs have increased as ILUS strives to drive the growth of its operating businesses and complete planned uplistings. To facilitate this, ILUS has augmented senior-level management and advisory resources.
ILUS' restructuring efforts are a part of its strategy to streamline operations and optimize efficiency. However, such efforts typically involve upfront costs, which are reflected in the current financial statements. Nonetheless, ILUS remains committed to its long-term growth objectives and is working diligently to mitigate the associated costs while maximizing value for its stakeholders.
In January 2024, ILUS acquired a controlling interest in Samsara Luggage Inc. (OTC: SAML) to function as the company's special-purpose vehicle for the expansion of its Emergency Response subsidiary. After the acquisition, SAML filed for approval of its name and trading symbol change. In February 2024, SAML acquired seven Emergency Response operating businesses from ILUS. This strategic acquisition was executed to facilitate a more efficient expansion of the emergency response businesses. The outcome of this transaction is beginning to yield positive results.
In March 2024, ILUS' Industrial subsidiary, QIND, acquired the controlling interest in Al Shola Gas, a fast-growing company operating out of the United Arab Emirates. Al Shola Gas possesses a strong balance sheet and delivered approximately $11 million and 1.8 million in 2023 revenue and net income, respectively. This acquisition is expected to significantly enhance ILUS' position in the energy sector and play a crucial role in ILUS' long-term growth strategy.
The strides ILUS took during the first quarter of 2024, as indicated above, were not consolidated and reflected in the company's 2023 annual report. The company is keenly anticipating the submission of its forthcoming quarterly report, which will be accompanied by those of its subsidiaries, to depict the positive outcomes.
After having filed its Form 10-K, among several priorities, the company is also now concentrating on issuing a SAML equity dividend to ILUS Shareholders of record. It is expected that an announcement will be made shortly regarding this matter.
ILUS believes that its Industrial and Emergency Response subsidiaries are trading at a significant undervaluation on the OTC Markets. The company anticipates that by listing its subsidiaries on senior stock exchanges, through agreements based on the equity valuation of the operating businesses within each subsidiary, there will be a considerable increase in the value of its majority holdings in each subsidiary. This increased value is expected to provide additional liquidity to the company, which it plans to use for further expansion. The company has been unable to complete several planned acquisitions due to capital-raising challenges faced in the OTC Markets. Furthermore, both ILUS subsidiaries are expecting to close significant additional acquisitions following their respective uplists. These are larger deals where extensive negotiations have taken place and are lined up for completion.
The ILUS team remains unwaveringly committed to achieving its goals, accelerating growth and achieving stronger financial performance in the coming quarters.
For further information on ILUS, please see its communication channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Email: IR@Ilus-Group.com
Source: ILUS
Related Links
https://ilus-group.com
Forward-Looking Statement
Certain information set forth in this press release contains "forward-looking information", including "future-oriented financial information" and "financial outlook", under applicable securities laws (collectively referred to herein as forward-looking statements). Except for statements of historical fact, the information contained herein constitutes forward-looking statements and includes, but is not limited to, the (i) projected financial performance of the Company; (ii) completion of, and the use of proceeds from, the sale of the shares being offered hereunder; (iii) the expected development of the Company's business, projects, and joint ventures; (iv) execution of the Company's vision and growth strategy, including with respect to future M&A activity and global growth; (v) sources and availability of third-party financing for the Company's projects; (vi) completion of the Company's projects that are currently underway, in development or otherwise under consideration; (vi) renewal of the Company's current customer, supplier and other material agreements; and (vii) future liquidity, working capital, and capital requirements. Forward-looking statements are provided to allow potential investors the opportunity to understand management's beliefs and opinions in respect of the future so that they may use such beliefs and opinions as one factor in evaluating an investment. These statements are not guarantees of future performance and undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Although forward-looking statements contained in this presentation are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. The Company undertakes no obligation to update forward-looking statements if circumstances or management's estimates or opinions should change except as required by applicable securities laws. The reader is cautioned not to place undue reliance on forward-looking statements. The Securities and Exchange Commission ("SEC") has provided guidance to issuers regarding the use of social media to disclose material non-public information. In this regard, investors and others should note that we announce material financial information via official Press Releases, in addition to SEC filings, press releases, Questions & Answers sessions, public conference calls and webcasts also may take time from time to time. We use these channels as well as social media to communicate with the public about our company, our services, and other issues. It is possible that the information we post on social media could be deemed to be material information. Therefore, considering the SEC's guidance, we encourage investors, the media, and others interested in our company to review the information we post on the following social & media channels:
website: https://ilus-group.com Twitter: ILUS_INTL
Note: ILUS Coin does not sit within ILUS International Inc (Ilustrato Pictures International Inc), so the public are recommended to follow the correct Media Channels relating to the public company OTC: ILUS
@ILUS_INTL
$ILUS Form 10-K has been filed. Press Release with update tomorrow. $QIND $SAML
5:32 PM · May 1, 2024
Yes they are.They like all OTC sub-pennies are ATM's for their owners.These companies do nothing,only exist on paper.They are money siphon's and or washers.Sorry folks but it is what it is.Now the SEC is watching,this is not the old days.Good luck and good trading.
Mauiguy2 I got the message. Will respond as instructed
Mauiguy2
I am not a "paid" subscriber, so if you sent me a message, it probably is in the twighlight zone.
Do you have Twitter? I can "recognize" you there and you can send a message. Let me know your twitter handle.
Creaky, I can't say whether or not the "Big 3" will all have losses. But, as far as the shrinking PPS for the 3 stocks are concerned, I attribute some or most of it to shareholders loss of confidence in Nick and JP. Their continued talk of bringing wealth to the shareholders, so far, just hasn't happened or come anywhere close to it. Somebody who bought ILUS at 50 cents is not too happy with a PPS of a penny.
While I have you on the line here, I'm wondering if you received the PM I sent you last Friday during the 4 PM - 5 PM Happy Hour.
Mauiguy2
What I don't understand is why SAML is dropping? It has all the ERT companies, which supposedly are operating,
so even without an uplist, it should be trading at some multiple of expected earnings. Yet it drops.
Are they all going to have losses?
Sent to Edgar agents,do you believe that crap?This is the computer age,filing takes 5 minutes.They said that to cover his ass,for saying it will be done by April 30th.Now they can blame someone else for missing the date again.Always bad news when a filing is missed.Same bull,just a different day.Good luck and good trading.
@ILUS_INTL
$ILUS 10-K sent to Edgar agents and will be filed ASAP. $QIND $SAML
2:34 PM · Apr 30, 2024
What a long drawn out sled ride. I was on a spending spree fall 2021 and bought in to the GTCH ride but it only took about 10 months to hit the bottom. Today its .0000 on the bid haha.
Hopefully they can overcome the strangle hold but I just sold all my shares in saml because the share price decline was imitating this one only faster.
Unfortunately I didn't go green, as in saliva green!
not here. wrong chat. we have tons if money and 2 hard working management. not a chance
Just 12 days ago on April 17 in its Form 10-K Filing Update, ILUS stated "the company still requires further time and intends to file its revised 10-K before the end of April." Will they do it tomorrow (Tuesday)? At some point in time, the company needs to follow through on its statements to its shareholders. I hope tomorrow will be one of those times.
lolo. looks like all the boards are crooks for you. either you are pulling a name out of abhat to invest or keep picking the wrong ticker.
let me help you. buy igpk and 3 months you will thank me.
since 3 years ago they are working hard day and night. lol
Mauiguy
We have to weather that revised 10-k, which is going to show revised reduced earnings, having to take out the
earnings included with the QI purchase, which has now been undone.
There may be a quick downdraft of stock price when that news comes out.
Hopefully, that will be a final bottom we can bounce off of moving forward.
mauiguy and all others, don't hold your breath on an up listing soon. I think it will happen but not soon enough. I don't think you will hear anything by the end of the month about any acquisition. And what odds that the quarter report will extended? Let's keep your finger crossed.
AA, actually, according to ILUS management, we should be hearing twice from them during the next 3 weeks, including the first one within the next 3 business days. In its most recent "working day and night" communication, ILUS states:
Having filed for an extension, the ILUS finance team, management and auditors have been working day and night to complete the filing, although unfortunately and disappointingly, the company still requires further time and intends to file its revised 10-K before the end of April.
The positive of re-instating its financials is that ILUS will be in a vastly improved position for the fulfilment of its uplist plans. The company and its subsidiaries also intend to file their first quarterly reports before the 15th of May deadline.
So, it will be very interesting if ILUS actually does what they say they will do. The clock is ticking.....once again.
I am waiting on news and filings from $ILUS, $QIND and $SAML. I understand that they have to be quiet while working on these mergers, but it is hard to wait and the share prices aren't doing well as we wait. So, I along with some others on the discord listed near-term things to expect. It was a big, impressive and impactful list. I'm looking forward to seeing some of these soon:
- SAML dividend for ILUS shareholders
- Acquisition of British Manufacturer of Autonomous Vehicles
- QIND business combination agreement
- SAML business combination agreement
- Significant Wildfire business European acquisition
- Significant US emergency vehicle manufacturing
- "A" license for fire system installation and maintenance
- New well connected board member
- SAML name change
- Two new QIND acquisitions: in the UK and in Texas (likely after the uplist/merger)
Just looked at the share price of SAML. Wonder if the original shareholders feel they were better off before
getting involved with ILUS?
Relax iLLustrians if ya ain’t buying now, ya ain’t living right!
I still believe and will hang on as well as I have no choice at this point.
Hopefully Nick and JP have Some Aloha …
Good luck to all
It is getting hard to wait, but our choice is to do that or sell. They can't communicate while they are in the midst of merger negotiations. So, the silence makes it that much harder. But we know that they intend to file the Q1 reports early so that they have more time to complete the mergers (for QIND and SAML) before the financials become stale (or outdated) on Aug 15 when Q2 financials are due. They will announce the business combination agreements much sooner than that. I expect in the next few weeks. Good luck to us all.
You can't vote them out. They own a majority of the shares/voting rights.
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Nicolas Link, CEO
As of August 1, 2024 • 3:00 PM ET
DATE/TIME | SOURCE | NEWS RELEASE |
---|---|---|
05/31/2024 12:51 PM EDT | NewMediaWire | ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) |
05/16/2024 11:17 AM EDT | NewMediaWire | ILUS Provides a First Quarter Filing Update |
05/02/2024 08:40 AM EDT | NewMediaWire | ILUS Files Form 10-K and Provides Shareholder Update |
04/17/2024 09:56 AM EDT | NewMediaWire | ILUS Provides Form 10-K Filing Update |
04/10/2024 09:26 AM EDT | NewMediaWire | ILUS Moves Forward With Its Two Subsidiary Uplists and Equity Dividend |
01/10/2024 09:53 AM EST | NewMediaWire | ILUS Acquires the Majority Stake of Samsara Luggage, Inc. |
NEWS: ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS)
NEW YORK, NY - (NewMediaWire) - May 31, 2024 - ILUS International Inc. (OTC: ILUS) is a mergers and acquisitions company focused on acquiring and growing businesses in the public safety and industrial sectors. The company recently signed a binding term sheet with Actelis Networks, Inc. (NASDAQ: ASNS) for ASNS to acquire its 61% stake in the ILUS Industrial subsidiary, Quality Industrial Corp (OTC: QIND), subject to customary terms for closing.
At the closing, Actelis will issue to the sellers 19.99% of its common stock and preferred non-voting shares for the balance of the consideration. The companies aim to close the transaction, pending regulatory requirements and due diligence, within 60 days. The preferred shares shall not be convertible to common stock before six months after the closing or until a registration statement is effective, whichever occurs sooner. The exact number of shares of the Company to be issued to the sellers will be based on a ratio of valuations of ASNS and QIND to be determined between the parties before closing.
After the transaction is completed, QIND will operate as the industrial subsidiary of ASNS, working alongside Actelis Networks, Inc. (Actelis), which will function as the technology subsidiary of ASNS. ASNS will consolidate the financials of both of its subsidiaries.
ILUS CEO, Nicolas Link, stated, "We believe that the acquisition of our stake in QIND by Nasdaq-listed ASNS will accelerate the growth of our Industrial subsidiary as well as ILUS itself. Following the completion of the transaction, our resultant stake in ASNS should significantly enhance our ILUS balance sheet and provide an improved platform for us to raise additional capital for the expansion of QIND and to complete planned acquisitions. As a company, should we elect to convert our preferred non-voting ASNS shares when the option becomes available, we could become the largest ASNS shareholder. This transaction is aimed at being the first in a series of transactions intended for the growth of our businesses and to add substantial value for our Shareholders. Our unwavering goal has been to uplist our subsidiaries and enhance the growth of our businesses and this transaction represents a constructive first step towards reaching that important milestone."
Actelis is a leading provider of cyber-hardened, rapid-deployment networking solutions for wide-area IoT applications. Their solutions cater to various sectors including federal, state and local government, ITS, military, utility, rail, telecom, and campus applications. Actelis offers a unique portfolio of hybrid fiber, environmentally hardened aggregation switches, high-density Ethernet devices, advanced management software, and cyber-protection capabilities. Their solutions aim to maximize the potential of essential networks, providing secure and cost-effective connectivity for rapid deployment.
QIND is a manufacturer and service provider for the industrial, oil and gas, and utility sectors. The company is involved in the design, consultation, supply, installation, and maintenance of liquefied petroleum gas (LPG) systems. Currently, the company services nearly 40,000 customers from its 7 operating facilities in the United Arab Emirates, employing nearly 100 personnel. QIND is an internationally certified company that provides services to customers such as Emirates Airlines, Emaar, Government of Dubai, Dubai Properties, WASL Group, and others.
ILUS and QIND are confident that teaming up with Actelis will open up new group expansion opportunities. QIND can leverage Actelis' advanced technology and smart-grid solutions to deliver remote monitoring, automated delivery, and billing, as well as real-time forecasting and supply chain optimization. Additionally, Actelis is expanding its business into new geographical regions with applications in new, critical verticals such as energy, utilities, and public safety.
Actelis is also exploring additional synergies with ILUS' public safety subsidiary, Emergency Response Technologies Inc. ("ERT") (OTC: SAML), although ERT is not part of the current transaction. ERT specializes in designing, manufacturing, and supplying patented firefighting technologies and various solutions for the public safety sector.
For further information on ILUS, please see its communication channels:
Website: https://ilus-group.com
Twitter: @ILUS_INTL
Email: IR@Ilus-Group.com
Source: ILUS
https://ilus-group.com
Operating out of New York, London, and Dubai, ILUS International (Ilustrato Pictures International Inc) is a public Mergers and Acquisitions company focused on adding Shareholder value through innovation and growth.
ILUS International’s vision has evolved in line with the needs of the technology and manufacturing sectors it has been involved in. We focus primarily on innovative emergency services, life safety and related technologies such as emergency response vehicles, electric utility vehicles, specialist vehicle conversions, disruptive firefighting equipment, wearable technology and related software solutions.
With a proven record of acquiring carefully selected businesses that are appropriate to our vision, ILUS aims to complete further acquisitions of companies which possess innovative and disruptive technology and already achieve annual revenue of $1-10 million.
ILUS International has already completed multiple acquisitions and is completing new acquisitions each quarter. Each acquisition rapidly increases the global expansion and growth of the company. Our primary focus is to add shareholder value as we continue to acquire, develop and grow companies which transform their respective industries and the world we live in.
ILUS International (Ilustrato Pictures International Inc) adds Shareholder value by acquiring, developing and growing businesses around the world which possess innovative and disruptive technology. The ILUS team works tirelessly to introduce new products, technologies, skills, efficiencies and improvements to the group of companies by cross pollinating within the group. Each strategic acquisition adds specific value to the direction and growth of the ILUS group of companies.
ILUS has a dynamic and experienced management team, all of whom have extensive experience in acquiring, and building companies within the relevant technology and manufacturing sectors where ILUS is focused.
Nothing in the contents transmitted on this board should be construed as an investment advisory, nor should it be used to make investment decisions.
There is no express or implied solicitation to buy or sell securities.
The author(s) may have positions in the stocks or financial relationships with the company or companies discussed and may trade in the stocks mentioned.
Readers are advised to conduct their own due diligence prior to considering buying or selling any stock. All information should be considered for information purposes only.
No stock exchange has approved or disapproved of the information here.
02-07-2021
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