Intellect Neurosciences Inc. (fka ILNS)

[BioInfo]

ILNS will be worth $0.000026 for current share holders based on comparable basis. if we take today's closing price of 0.0013 and do a 1:50 R/S, we get 0.065. wait, for 2B shares, at 0.065, market cap will end up at $130M.

Come on folks!!!!! No way this market is going to value ILNS at $130M on Wednesday unless there is buyout news out there. Also note that dilutive shares were mere 400M, so 1:50 R/S will apply to this 400M shares, so that's how I am coming up with such a low price of 0.000026.

If all common investors read and understand what really happened today, we may see 0.0001 next week before the split.

I think its still a good price to get out.