Ilustrato Pictures International Inc (ILUS)

[creakyhottie]

From the Feb 1 s/h update
1 February 2024
Dear Shareholders,
RE: Conversion of Stock
We are writing to notify you that there has been a 50 million share conversion in return for a $600,000 investment into ILUS. As much as this is disappointing for Shareholders and it is something we certainly preferred to avoid, it is a necessary evil as we require this investment to complete an important deal which is pending. We are expecting to announce a major step forward for our group and we believe that this event will be the first in a series of events which add the first major tranche of Shareholder value that we have been workingtowards since our first Shareholder meeting in January 2022. This investment allows us to realize the much-needed capital required to get over the final
speed bumps and execute this transaction swiftly. While we understand it is still
disappointing for shareholders, we are confident that the lasting value delivered almost
immediately far supersedes the short-term disappointment of this conversion.
The current progress being made allows us to achieve our goal sooner and more efficiently while avoiding a reverse split. Traditionally the seller, while very active, has never been known to aggressively sell ILUS stock. With a shortage of other options available, we believewe have moved forward with the best available opportunity, especially given the timescalesand significance of the deal we have on the table. We ask for your patience and support aswe enter the home straight and assure you that your best interests are always our toppriority.
Thank you.
Nick & JP