Intellect Neurosciences Inc. (fka ILNS)

[Dell_Griffith]

They now have 2 unimpressive quarters out which basically shocked the street

Nothing shocking. It's a saturated market. And, Dude, it's not the "stock market." It's a Canadian CBD supplier. They're a dime a dozen. Sure, they got some funding, but there will not be any "high profile CEO" to save the day. It's fad CBD with so many players now, there is no longer money to be made. Competition is "dropping like flies" because there just isn't money to be made on it anymore.

The good news is that the balance sheet is relatively strong and other players in the sector are dropping like flies.

The balance sheet is NOT relatively strong. Their biggest asset is goodwill. What's the value of goodwill in a saturated market? They need to write that down to almost nothing. And they're liquid to the tune of about 150 mill with 1.1 BILLION of debt - good chunk of that loaded with convertible debt.

Long term, say 5 years out, I think they'd need to really screw up not to have a +$100 PPS If they bring in a high profile CEO, it would triple from the current $1.00 PPS virtually overnight.

You had said "by the end of the year." That was December 2019. The market was FLYING then. This kept going lower and lower and lower...

There are almost a BILLION shares outstanding - 961 million to be exact. There is NO WAY that Company is going to have a $100 BILLION valuation. NO...WAY.

Lots to consider.. the first run up was a blast, and likely not the last.

Nothing to consider. It's cooked. Stick a fork in it. It's (over)done.

Good luck. Hope he didn't buy it. I doubt he did.