Intellect Neurosciences Inc. (fka ILNS)

[WhatDoesItAllMean]

I feel the science is very promising. My issue is with the capitalization. The common shareholder owns 40% of the company and the preferred owns the remaining 60%. It is obvious there will be further dilution to fund future operations. This will be at the common shareholder's expense. I therefore see further declines UNLESS there is news about the patent going through which would generate milestone payments. I am hoping the milestone payments are received before the dilution. It is my understanding the company needs to submit to the Patent office some info. The Patent office is waiting on the company, not the other way around. A patent attorney acquaintance informed me about this. After the submission by the company it will take at least 3 months to process.