Ilustrato Pictures International Inc (ILUS)

[moneyman2013]

I was hoping for a Mar 31st filing with Audited financials, which, IMO, would have been a HUGE upside for ILUS. Pushing out to Mid-Year does not make me happy, and having a Non-US entity preparing the financials for a U.S. market is not the path I would have gone.

I understand the desire to use India for this as labor is typically about 1/3 - 1/4 of the cost in the U.S., but for an SEC compliance, I think India may complicate the process. This is just my opinion. India has a LOT of talent when it comes to areas like this (I work with Indian Firms - it is almost a requirement for most to hold a Master's Degree and some of the Universities there are equivalent to Ivy League Universities in the U.S., with a few ranking alongside MIT)

All said, I am glad they are marching towards compliance, as I have constantly brought up that as a lacking feature of this company. I am also glad they are looking for a new ticker symbol (or at least a new name). They need to be a fully reporting entity before ANY of the other aspects of this company can be taken serious - being PINK is not helping their cause.

I realize they are building the business in the background, but it is important to understand that all the "business building" becomes muted if a company remains in PINK land.

In time, I believe they will get there...this is, as I have mentioned before, another long-term hold of mine, and I will continue to buy the dips now.

Best to all longs on ILUS...for those with the ability to reach out to management, push them on the Uplisting path timing.