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moneyman2013

09/30/21 10:47 AM

#21151 RE: StockStud22 #21146

StockStud, I agree...I had not heard discussion of retiring shares, but they will need capital to do that.

This needs to get down to between 100 mil - 150 mil shares OS, and if they are able to do that, this is a solid company with the capability to hit dollars.

Like I said, I did profit, and I will buy back in when it settles out...but if you are in it now, you may be better off to pull out and buy back after the dust settles...

I have seen this "slow drip" drop on other pennies...they drop it, everyone says "it's going back up" and it does a bit, then drops even further, and repeats. It's a sign wave on a downward trajectory.

Best to you and all on this board...this is a great stock, but needs to resolve the shares...

moneyman2013

09/30/21 1:55 PM

#21181 RE: StockStud22 #21146

StockStud22: In order to retire those shares it will be problematic.

Current share count: 1.2 Billion

Assuming new share count: 200 Million

That means, to retire 1 Billion shares, at an average cost of $0.30, the company will need to pony up $300 million to purchase and retire shares to get the share count down.

Anything less, and this is a worthless reduction. If an investor decided to put up the money, they will want collateral, and that will be shares, and you're back in the dilution business.

I have other stocks with this same problem, but they are sub penny plays. I do not consider them solid companies, rather merely plays. To consider them solid, they would need to reduce share count, but they won't, and honestly, at these prices, I do not believe ILUS management will spend the capital to reduce the share count.

Again, solid product, but share count will kill this in the long run, or it will never hit and hold anything above the current run.

My $0.02...best to you and all on this board...been there, done that.