Ilustrato Pictures International Inc (ILUS)

[nickroc]

I certainly don't disagree that all of those shares didn't hit the market yet. However, i think we have to take a step back and look at the bigger picture.

Back in Q1 with all the volume this was trading at roughly $.0225. We can assume that first traunch of shares is gone leaving the 7.4M. At that price with 7.4M less shares in the float the market cap would have been $8.7M. It's currently at $1.8M (@.0046) WITH those additional shares factored in.

Much has changed though between the quarters. Debt has gone down dramatically with 50% of notes being gone and CEO taking salaries off the books. Barely any of the notes were paid via traunches and who knows, his hands may have been tied. The rest has been paid off using earnings and cash, which is exactly what I want to see in a company. Not only that, but revenue has gone up 10% quarter to quarter and is up almost 200% versus 2016.

With skull and crossbones just about gone - should be any day now - i could easily see value coming back here and at less than a half a cent, i still believe it's very undervalued...even with the additional shares.

I suppose we shall see, but with a lot of catalysts aligning right now I think the future is definitely more bright than grim and the risk for a big reward is currently pretty low.