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Sombody was asking where the shares that are being sold come from. I was only pointing to this;
from the last 10-Q" In July 2012, we issued 2,000,000 shares of our common stock to holders of Series C Convertible Preferred Stock upon their exercise of the
conversion feature contained in those securities.
In August 2012, we issued 1,000,000 shares of our common stock in consideration for services rendered to the Company.
In September 2012, we issued 1,750,000 shares of our common stock in consideration for services rendered to the Company. "
In September 2012, we issued 3,000,000 shares of our common stock to holders of Series C C"
It could be that these folks sold there shares no big deal.
I posted this B4 and I paraphrase Dr Chains making a request to investors to be investors, not flippers for sordid gain, which I agree.
We continue to suffer from an enormously undervalued stock which I believe is the result of a few shareholders who for some reason are not invested in the long-term growth of the company. This single factor - their lack of support - is the largest hindrance to raising the new capital needed to advance our drug programs to points of value accretion where they can be partnered. My biggest hope for 2013 is for all of our stakeholders to recognize the tremendous inherent value of Intellect's remarkable discovery engine, intellectual property portfolio and pipeline and license
Thanks Garst I have never read person mark yet, always board mark as described, thanks for your help for something so inconsequential.
Speaking of stock and all these shares being sold, ILNS paid for SVCs with common stock, at least that is my reading. They just might be cashing in needing money
I would think preferred.
That cannot be it. I have been told that I was getting my first boardmark and I have read others saying the same to other posters. Like "a pleasure to give you a boardmark" or "I wish I could give 2 boardmarks instead of one" and this is from one poster to another.
What is and how do you get a board mark, and why would you want one?
Dr Chains owns 51 %
March 10 2011 : your post "DR chain may not be finished, but ILNS could literally claim chapter 11 any day now. Its in the filings, please take the time to read them." wEa, you have been talking UP the demise of ILNS a long time. GOOOO $ILNS
A mere 173 milly and kaboom GOOOOOO $PRPM
EAT THE THREES GOOOOO $PRPM
BRavo Eddie time well spent, GOOOOOO $PRPM
Hey Eddie this will keep U busy Whose name is the house in and also do the owners have any other homes and if so how many? I bet you will be suprised....... GOOOOOOOOOO $PRPM
I thought It wuz Filed a restraining order LOL GOOOO $PRPM
Timed sale buy IMO
11.7 MILLY YES! GO $PRPM
ITS TIME TO GET TO THE LOADING ZONE GGOOOOO $PRPM
I think Eddiesux was right SMG jumped the gun and stole EV'S thunder any PR now would be out of the blue we never heard of it stuff or same same. IMO #PRPM
$ILNS is a real as it gets . However somebody is keeping this stock down. Big Pharma? I dont know . This is not a pump and dump scam stock , Long term hold for good of AZ patients everywhere. IMO
$SCHSQ GO UNSECURED CREDITORS 100 MILL IN ASSETS AFTER DEBT!!!YES
$PRPM GOING UPPPPP!
BINGO! No real need to watch this one close (I keep telling myself) Cause thats (.oo) is down the road away.
I hope something happens LOL
$SRGE LOADING ZONE WEEEEEEEEEEEEEEEEEEEEEEE
AND THEN ITS GET TO DA CHOPPA---GO $PRPM
GO $PRPM, run like the breaking wind!!!
Getting down to that $SRGE loading zone-------
Back to that stubborn thing, reality. ILNS is not going up for a few months.IMO I will buy more.
HEs compulsive GO $PRPM
$ILNS It is only good if it stays up, anything else is a knife in the back. IMO
$PRPM TO DA MOOOOOOOON!
I have been under the impression that the only thing being mined would be our bank accounts. LOL
Dr. Chains is making a plea for the loyal $ILNS shareholders to buy and hang on to shares ( I paraphrase). I had not read the rest after "undervalued stock" before, I missed it.
We continue to suffer from an enormously undervalued stock which I believe is the result of a few shareholders who for some reason are not invested in the long-term growth of the company. This single factor – their lack of support - is the largest hindrance to raising the new capital needed to advance our drug programs to points of value accretion where they can be partnered. My biggest hope for 2013 is for all of our stakeholders to recognize the tremendous inherent value of Intellect's remarkable discovery engine, intellectual property portfolio and pipeline and license agreements that are the envy of many much larger companies. We urge them to help reverse the previous trend and make the good news events really count!
And what a perfect time to do it, last trade closeing, and 3 days to build attention.
I think it was a timed sale, I have read that trading groups do that.From what I read Its not illegal either.
Who made the profit from the mistake?
Does anybody believe that the ask on Tues. is going to be .0145 or anywhere near there? I think not. This should be the new price. IMO!
ILNS will win ! YES
And ILNS's "story" could not be better as it is a true David VS Goliath story in search of noble object. It does not get any better than this.
We all know this stock is worth more, maybe the truth will be discovered by others.
Somebody with lots of shares might change the ask to reflect the "new " price, because somebody might buy them, and start a run, because..... .
"ILNS could follow soon ACAD to $ 6 ??? "
"We continue to suffer from an enormously undervalued stock " Just saying.......