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ILUS International Inc
@OTC_ILUS
· 49m
$ILUS OTC finally reviewed our q1 filing this morning and they asked us to amend one small detail which was done immediately and submitted, so we can expect them to remove the yield sign soon.
Bought some more this morning @.047 to average down to .075. To the moon Alice!
I voted no. They want you to vote for it. Sounded like dilution to me.
The Judge is only going to rule if the case should be dismissed or not. You got a long way to go before this case is ever settled. Get your popcorn, it's going to be awhile.
As one with personal experience. Don't listen to the pumpers, it has over 300 billion shares. What happens when the verdict does go in favor of HCMC? How much do you think it will change the price when everyone goes running for the door?
I don't know that its any good for traders even. Unless you were in this stonk like I was over a month ago holding the bag at .0015 when the price dropped to almost .0010. I was so happy to hear of HCMC day, for me to pass the bag to someone else.
Did you really? Or did you mean "If" I bought....?
Shook me ;) @ .003 GLTA
I disagree, anytime cannabis stocks run, this stock price action runs also. It's a sympathetic play.
I agree, we need to get back to the Feb. 12th levels again. We need Congress to act and get cannabis legalized. A new CEO would help a lot too.
That's good news, this company needed a shake up. It's been stagnant for so long. Even this board has little to say. Time for some new ideas and innovations.
Anyone have a list of US companies, besides this one, that deal specifically with Hemp, that also has publicly traded stock?
All Bruce has to do is call Trump and tell him the SEC is still working for Obama. The case will be dismissed!
There you go Trump. A partial answer to your deficit and Jobs!, Jobs!, Jobs!
Let's see, when this article was posted : Investing #TheVerdict
JUN 16, 2017. Perlowin has denied the charges and the case remains open.
Do you have anything new to add? Or are you just hoping everyone will run to sell their shares?
This is the next Tobacco industry. Just need to find the next Phillip Morris company and get in on the ground floor. There is still some resistance now from the federal government, but as the years go on, even Republicans are realizing this is new profit center.
It's probably being diluted now with more shares...
Wow, you guys are pumping this pretty hard. Must be dumping shares right?
This shot up this morning from .07 to .10 and nobody has said word about it? What's wrong with this picture?
Where is everybody?
Is the pump over? Hahahaha!
No YAK this morning?
Hyperinflation Gurus Are Just Plain Wrong
Gold is hitting all-time highs amid growing fears of inflation.
Although the US economy is still struggling with 10%+ unemployment, deeply indebted consumers, and millions of homeowners under water on their mortgages, many investors are worried about the return of that old bugaboo from the 1970s, inflation.
But some well-known investment gurus go further still: They say the US is on the brink of hyperinflation, out-of-control price increases of astonishing magnitude.
Why? To solve the financial crisis, Federal Reserve chairman Ben Bernanke has driven interest rates to zero and spent trillions of dollars to buy mortgages and other debt. That, and the growing US deficit, will force the Fed to run the printing presses all out, leading prices to spiral out of control. Just like in Weimar Germany. Or Zimbabwe.
The proponents of this view include Peter Schiff of Euro Pacific Capital and Marc Faber, editor of the Gloom Boom & Doom Report.
They have been dead right about some things—the rise of emerging markets, the US housing and debt bubble, and the commodities boom.
But about this, they are just about as wrong as can be.
Not that there won’t be inflation—I think that’s coming, although not until we see more signs of life in the economy.
But hyperinflation? Here’s what Dr. Faber told me in a video interview in late October at The World MoneyShow London, where he was a keynote speaker: “When the economy goes into recession, you have larger government spending and larger deficits,…and that gets bigger and bigger, and combined with expansionary monetary policy,…it’s usually a recipe in the long run for inflation.”
“Eventually,” he continued, “the problems will be larger and larger and the stimulus won’t work. Germany post-First World War didn’t have any inflation in 1918, in 1919 a little, and by 1923 it had hyperinflation. It happens very quickly.”
Yes, it does—but very rarely. Professor Steve H. Hanke of Johns Hopkins University has studied hyperinflation throughout modern history, starting with the French Revolution, and he documents only 30 instances of it worldwide since then.
What constitutes hyperinflation? An inflation rate of 50%. A month.
The very worst hyperinflations in world history saw inflation of 207% a day in post-World War II Hungary (the monthly figure almost can’t be measured), 79.6 billion percent in Zimbabwe last year, and 313 million percent in Yugoslavia during the Balkan wars of the early 1990s. The US came close during the Revolutionary and Civil War, but never hit the magic 50% number.
“Hyperinflation is such a rare event, it’s really a hyped kind of thing,” Prof. Hanke told me. “The idea is kind of fantastic and a headline grabber.”
Hanke, who believes we’re entering a period of stagflation similar to the 1970s, points out that the consumer price index rose by more than 10% only three times that decade.
Getting from there to hyperinflation takes a lot more—war, civil strife, weak institutions, and evil or incompetent leaders. It’s not just the volume of money printed but who controls the press.
Post-World War I Germany was a fragile republic that replaced the deposed Kaiser Wilhelm II.
“Fear and hatred ruled the day,” writes University of Cambridge historian Richard J. Evans in his book The Coming of the Third Reich. “Gun battles, assassinations, riots, massacres, and civil unrest denied Germans the stability in which a new democratic order could flourish.”
Most importantly, Germany was forced to pay out onerous reparations to the victorious Allies, along with surrendering chunks of territory. Increased payment demands started the quick descent into hyperinflation, as the government fired up the printing presses to pay out far more than it had.
“In Germany, prices had reached a billion times their prewar level…,” writes Evans. “The descent into chaos—economic, social, political, moral—seemed to be total.”
Only a US-brokered 1923 deal to cut reparations and the introduction of a new currency brought the hyperinflation to an end.
Chaos was the watchword in Zimbabwe, too, a country run by dictator Robert Mugabe. He had expropriated land from white farmers and spent hundreds of millions of dollars in a war in Congo, while inflation rose and his people’s standard of living deteriorated.
As prices soared, Zimbabweans abandoned their own currencies for the US dollar and South African rand. The government eventually allowed people to use those currencies, as well as a revalued Zimbabwean dollar, among other measures.
So, really, how can anyone compare the US with these sorry countries? Actually Dr. Faber did. Zimbabwe was “run by a money printer, Mr. Mugabe, a mentor of Mr. Bernanke,” he told a conference in Asia in October.
The Federal Reserve, Treasury Department, and other government departments and agencies have indeed set aside up to $9.7 trillion to end the financial crisis and stimulate the economy, Bloomberg News reported earlier this year.
Nearly two-thirds of that money has come in the form of loans and guarantees, however. Some banks that got money from the Troubled Asset Relief Program are paying it back.
Meanwhile, the Fed has said it will stop buying mortgages by the end of March, when it will own $1.25 trillion worth. Assets held by the Fed now total $2.2 trillion, double what they were before the crisis hit.
The monetary base—total cash and bank reserves in the economy—is nearly $2 trillion. But growth of the broader M2 has slowed dramatically, and it now stands at only 4.2x the monetary base, according to Professor Hanke—from nine times before the crisis, he says.
That’s critical, because the velocity of money, not its sheer amount, matters most. “It’s the bang you get for your buck,” says Prof. Hanke. You can have all the dead leaves in the world piled up on your lawn, but you can’t start a fire until you light a match.
As long as lending remains dormant—and it’s been shrinking, according to Ian Shepherdson, chief US economist for High Frequency Economics—fears of inflation will remain just that: fears.
“If the Fed wasn’t buying mortgages with both hands, Mr. Shepherdson estimates, the money supply would be falling 1% a month,” wrote Gretchen Morgenson of The New York Times last week.
Hmm, doesn’t a falling money supply signify deflation, not inflation?
As I said, I do expect some inflation down the road. Although I think Ben Bernanke will surprise a lot of people by how quickly he and the Fed raise rates at the first hint of a real recovery, there’s too much money sloshing around to fend off inflation entirely. And future US deficits are a huge wild card.
But hyperinflation? Weimar Germany? Slobodan Milosevic’s Yugoslavia? Robert Mugabe’s Zimbabwe? Come on, people, please—get a grip.
Howard R. Gold is executive editor of MoneyShow.com. The opinions expressed here are his own.
Thanks for another great informative video Land. Are these people you follow in a daytrading group or are you in Yak's group during the day?
Good Morning Yak!
What a scam! Looking back at the past months events, it's seems as information was leaked out. It looks as everyone knew but us. I mean, what biotec stock, that most analysts predict had an almost sure thing FDA approval of one of its drugs, has it's share price go down prior to the approval date? Good thing the company raised money at the beginning of last month! No wonder we haven't heard much from Justin Hall lately. Clearly we were taken. I guess if you have the patients to wait it out until the Zevalin sales numbers come in, you'll be ok. Me, I'm moving on.
Ahh, good morning Land :)
Nice call once again King Midas! Looks like you got your mojo working early this morning :)
Good morning Yak
I'm in 29.15
At least the terrorist will have nothing to gain by blowing up stuff there. It should be safe,
EEEEWWW, Yak, I have a long knife with a serrated edge you can use to cut this person up with.
I think we saw alot of bagholders unloading Friday. But for everyone that was selling, someone was buying. Just not sure why. I don't have a particularly large investment, just alot of cheap shares. I think I'll continue to hang on until I find out what going on at least. Probably a reverse split as usual, lol.
Ok Crime Scene Investigators.....
We have determined that someone is buying GITH stock....
Question is....what's their motive? Who's stirring the pot and why?
I would love to see somebody put some substance to this shell.
Anyone know whats going on? I've been a bagholder of this stock for over a year now.
This is a long term riser. Usually bio-pharms don't follow the technicals, except this one. I can only guess that most of the approvals have already been baked into the share price as each date approaches. Which means follow your 50 day moving average and sell on the news if it crawls too far above it. I think it the price should spike a little today, during or after the Rodman&Renshaw annual global investment conference at 11:15am. Look at this as an opportunity to lock in profits and take some off the table, IMO.
Downgraded! What the hell!? How can you get an FDA approval and then get downgraded the next? Pure market manipulation if you ask me. Grab the cheap shares today wile you can. The Zacks downgrade lasted about a day.
I wish somebody would buy this shell, I'm tired of looking at them (shares) in my trading account. Nothing like being a stuckholder,lol.
Nevermind!!!
Story was a fake!