Replies to post #20063 on Intellect Neurosciences Inc. (fka ILNS)

[itwillgetbetter]

All joking aside as you stated your wealth in the past if true it appears you would be considered a accredited investor imho.

http://www.sec.gov/answers/accred.htm

That being said if I was considered a accredited investor I would buy direct from the company and get in on funding and get some of them new preferred shares that have the ratchet provision so as not to buy in the open market cause the common have no real protection if dilution continues or that's my understanding.

The trading volume does not finance the company just helps whomever is trading just my opinion.

Best of luck cause anything is possible but I would like the pps to at least be in that dime range so it puts the CEO in a position to negotiate future funding.

No doubt about it at the current pps its backed Elliot's butt way into a corner imo regarding future funding which will always be needed until some kind of a deal occurs that brings in funding by a partnership,new license or milestone and I've no clue what's going on or what will occur only speculate.

[itwillgetbetter]

Hey one other question its seems you own over 10% of the O/S shares.Don't a person have to report that in some type of SEC filing?

http://www.sec.gov/Archives/edgar/data/1337905/000161577416005274/s103176_10q.htm

The registrant had 6,520,389 shares of Common Stock, par value $.001 par value per share, outstanding as of May 9, 2016.