Intellect Neurosciences Inc. (fka ILNS)

[rudyboy]

The strategy is designed to improve liquidity and strengthen the Company's ability to raise additional capital when needed. Specifically, the Company's stockholders approved, by way of written consent, a one-for-fifty (1 for 50) reverse stock-split of the Company's outstanding shares of common stock to take effect on April 12, 2011. The reverse split will not affect the number of authorized shares of the Company's common stock, which will remain at a total of two billion shares.

That makes my scared !!!