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.