Ilustrato Pictures International Inc (ILUS)

[creakyhottie]

This management continues to embarrass itself. We have been saying for months that the S-1 is probably dead, and they finally admitted it. Besides all the LOI's that have not come into fruition, now an actual purchase suffers the same fate.

I guess the recent purchase of the new gas company was a "consolation prize" event. As they knew they were terminating the QI purchase, and thus the S-1 was a waste of time and money (and now being pulled), and they were promising shareholders the uplist merger, QIND had to have something in it to merge with into the Naz company. Thus, the new purchase. But is the value of QIND now reduced and thus the exchange ratio for QIND shares will be much less????

What about the QIND shares given to Artelliq for the loan that was made to QI? I assume they will be unloaded in the market, if they have not already. So more shares given with, in essence, now nothing received.

How can they now screw up the SAML transaction?

ALL IMO